Iran And South Korea Chamber Of Commerce Official Website

The number of exhibitors at the 11th IranPlast Exhibition has reached 1,100, breaking a new record in the history of the event.

The National Iranian Productivity Organization, which works toward the promotion of productivity in various economic sectors, will help Iranian lenders maximize their efficiency, the head of the organization announced.

Iran has extracted 4 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production six months ago, managing director of the Oil Industries Engineering and Construction Company said.

Iran exported over 5 billion cubic meters of natural gas in the first five months of the current fiscal year (March 21-August 22), up more than 60% from the same period last year, thanks to higher supplies from its giant gas field in the south and a new, long-term customer in the west.

Following the final agreement for a multibillion dollar South Korean finance deal for Iranian projects, private Iranian banks have signed a memorandum of understanding with their South Korean counterparts with the aim of expanding correspondent banking relations.

An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.

An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.

In his latest directive to the chief executives of banks, Governor of the Central Bank of Iran Valiollah Seif has laid down guidelines on how to spend any absorbed foreign finance to optimally boost national growth.

Tehran Stock Exchange’s main index TEDPIX gained 731 points or 0.9% during the week that ended August 30 to close at 83,272.9.

Khouzestan Steel Company exported more than 1.22 million tons of steel products in the first five months of the current Iranian year (started March 21), registering an 81.4% increase compared to last year’s corresponding period, KSC’s exports manager said.