The International Atomic Energy Agency has inspected the second of two suspected sites in Iran, as agreed with Tehran last month in a deal that ended a standoff over access, the agency said on Wednesday.
The International Atomic Energy Agency has inspected the second of two suspected sites in Iran, as agreed with Tehran last month in a deal that ended a standoff over access, the agency said on Wednesday.
The number of Covid-19 fatalities in Iran jumped by over 1,000 in less than a week to reach 26,000 on Wednesday, health officials announced.
Non-revenue water in Yazd Province is 20%, of which 10% is real loss (through leaks, also referred to as physical loss) and 10% is apparent losses (theft and meter measuring errors), provincial head of the Water and Wastewater Company (Abfa) said.
“Water supply and transmission pipelines in the region stretches over 3,000 kilometers, of which 35% is old and should be replaced soon to cut the huge water loss as the province struggles with the worsening water crisis,” Asghar Riazati was quoted as saying by the Energy Ministry news website.
Daily water demand in the arid central region is close to 230,000 cubic meters, of which 120,000 cubic meters are extracted from depleting ground resources and the rest is piped from neighboring cities like Isfahan, he said.
An estimated 350 million liters of oil and oil byproducts were supplied daily via pipelines in 2019, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and Telecommunications Company said.
"A total of 128 billion liters of crude and petroleum byproducts were transferred with the help of 14,000 km of pipelines, of which 11,000 km were laid in the last 40 years," ISNA quoted Jafar Alizadeh Darbandi as saying.
If the pipeline network was not expanded, the company would need 60,000 fuel trucks to deliver its products, he said.
The wellhead Platform 7 of Hendijan Oil Field in the Persian Gulf was installed late on Monday, managing director of Iranian Offshore Oil Company, operator of the field, said.
Weighing 1,000 tons, the platform is designed to produce 10,000 barrels per day from Hendijan field, Alireza Salmanzadeh was reported as saying by ILNA.
Last week the wellhead Platform 8 had been installed. “Both platforms were built by our engineers and experts at the Iran Shipbuilding and Offshore Industries Company in Bandar Abbas, Hormozgan Province,” he said.
Prior to the installation of the two platforms, Hendijan field was producing an average of 30,000 barrels of crude a day.
More than 1.19 quadrillion rials ($4.07 billion) worth of investments are expected in industrial units with establishment permits, while projects with operating licenses are estimated to have received 260.24 trillion rials ($884.28 million) in the first four months of the current Iranian year (March 20-July 21).
Investments in units with establishment permits and operating licenses show a respective growth rate of 20.7% and 101.5% compared with the similar period of last year, the latest report released by the Ministry of Industries, Mining and Trade shows.
Desert locusts are expected to arrive in Iran once again, this time in large bands from Oct. 6, according to the spokesperson of Plant Protection Organization, affiliated with the Agriculture Ministry.
“Previously, locust swarms reached our southern provinces on Feb. 19. Up until August, which is when they left for Pakistan and India, the pest was fought on over 406,000 hectares in the southern Iranian provinces. Now, the swarms are heading back to their original habitat, that is the littoral states of Red Sea as well as countries in the Horn of Africa,” Mohammad Reza Mir was also quoted as saying by Mehr News Agency.
The official said it is estimated that Iran needs to fight off the migratory pest across 500,000-600,000 hectares this time.
A virtual conference on agricultural products and food trade is scheduled for Oct. 13 at 2:00 p.m. between Iranian and Indian business community.
The average goods and services Consumer Price Index of transportation increased by 51.5% in the 12-month period ending Sept. 21, which marks the end of the sixth Iranian month, compared with the similar period of the year before.
Transportation marks the highest rise among 12 groups of the basket of consumer goods and services purchased by households.
With a coefficient of 9.41%, the CPI of transportation stood at 323.2 in the month, indicating an 8.4% increase compared with the month before–also the highest among the 12 groups under review.
The index registered a year-on-year increase of 80.8%, again the highest among the 12 aforementioned groups, according to the Statistical Center of Iran.
The overall average goods and services Consumer Price Index in the 12-month period ending Sept. 21 increased by 26% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month that ended on Aug. 21 at 25.8%.
A total of 2.46 million tons of stones, gypsum, sand and gravel worth $1.3 billion were exported from Iran in the first five months of the current Iranian year (March 20-Aug. 21).
According to Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration, the exports included different types of lime, gypsum, magnesium oxide, silicon dioxide soil, marble chips, sandstone, pebble, flint, china stone, travertine, pumice and clay.
“China, Iraq, India, Armenia, Oman, Qatar, Turkey, Uzbekistan, Turkmenistan, Afghanistan, Azerbaijan, Pakistan, Kuwait and Indonesia were among the main customers of Iran’s stone, gypsum, sand and gravel,” he was quoted as saying by Fars News Agency.
The government has so far sold 970.89 trillion rials ($3.3 billion) in sukuk to shore up its finances in the current fiscal year (March 2019-20).
The budget is being funded with 260.7 trillion rials ($900 million) in treasury bills sold by the government. Bond sales via weekly bond auctions have also contributed 710.19 trillion rials ($2.4 billion) for budget funding, the Economy Ministry said in a press release Wednesday on its news portal, shada.ir.
Chronic budget deficits due to the United States sanctions, which hit the economy hard, particularly oil exports, is a major concern for the government.
Tehran stocks swung choppily at the close of trading session on Wednesday as trade began in negative territory but later gained ground.
The main index of Tehran Stock Exchange, TEDPIX, closed the session in green adding 10,484 points to climb 0.7%. With the gains it clawed back above the critical 1.5 million points and ended trade at 1,503,426 points.
TEDPIX lost 6.7% during the trading week amid panicking investors wanting to sell shares.
Many small-cap shares, however, were still under sell-off pressure as indicated by 0.21% drop in equal-weighted index. The index gives the same weight to shares of all listed companies, irrespective of their market cap.
Gold coin prices soared again in Tehran riding on the upbeat mood in the currency market and the omnipresent rush to buy the precious metal
The Emami gold coin extended gains on Wednesday to strengthen above 140 million-rial level for the day, after briefly touching the critical level a session earlier. The coin rose 3.12% to be traded at 144 million rials, indicating 4.5 million rials growth in one day.
Bahar Azadi gold coin was priced at 136 million rials, up 3 million rials compared with Tuesday’s close. Likewise, one gram of 18-karat gold gained 2.4% to reach 13.11million rials, according to eghtesadnews.
Rising demand plus spike in forex rates are seen as the driving forces behind the unprecedented gold rally in the country that has taken prices to historic highs.
President Hassan Rouhani told Germany’s new ambassador on Tuesday said that Iran expected the three European Union countries signatory to the landmark nuclear deal to support its loan request from the International Monetary Fund.
In March the Tehran government asked the IMF for $5 billion in emergency loans to help it combat the coronavirus and mitigate its economic impact. The request was denied due to US pressure.
Rouhani said Iran had expectations that the EU3 -Germany, France and the UK - would resist US pressures and help it receive the loan to meet its medical, health and pharmaceutical needs amid the Covid-19 spread, president.ir reported.
Iran’s 21 major commercial ports handled 58.44 million tons of commodities during the first half of the current Iranian year (March 20-Sept. 21) to register a 25.4% decline compared with the similar period of last year.
According to figures published by the Ports and Maritime Organization of Iran, non-oil goods accounted for 36.82 million tons of the total throughput, registering a 32.45% fall year-on-year.
The remaining 21.62 million tons pertained to oil products, indicating a 9.29% decline YOY.
Container loading and unloading declined by 39.31% to stand at 640,604 TEUs.
The 21 ports under study include Iran’s southern ports of Abadan, Imam Khomeini, Bushehr, Khorramshahr, Genaveh, Bandar Lengeh, Chavibdeh, Arvandkenar, Charak and Dayyer located on the shores of the Persian Gulf, Shahid Rajaee, Shahid Bahonar, Qeshm and Tiab at the mouth of the Strait of Hormuz, Jask and Chabahar on the coasts of the Sea of Oman and the northern ports of Fereydounkenar, Noshahr, Astara, Amirabad and Anzali on the Caspian Sea shoreline.
Major Iranian carmaker Iran Khodro Company (IKCO) has curbed capital flight to the tune of €137 million through the localization of 54 auto parts in the first six months of the current Iranian year (March 20- Sept. 21), a senior company official said.
Hamid Moradi, IKCO’s deputy executive manager, noted that this has been accomplished, thanks to the support of industrial units affiliated to the Defense Ministry and knowledge-based companies, the company’s website Ikcopress.ikco.ir reported.
“This is part of efforts to gradually slash the capital flight caused by auto parts imports. The sum can reach €248 million annually,” he said.
Moradi noted that the implementation of projects will save another €13 million for the company in the second half of the current year, reducing IKCO’s annual capital flight down to €150 million this year, which used to exceed €300 million.
Highlighting IKCO’s productivity enhancement during the current year’s first half, Moradi said the automaker has raised output by 52%.
“During the period, over 248,000 sedans were produced and 207,000 have been delivered to customers. IKCO’s delayed deliveries have reduced from 186,000 to 30,000 vehicles,” he said.
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