There would be no “reimplementation” of the 2015 nuclear deal if Iran’s alleged safeguards case at the International Atomic Energy Agency is not closed before that day, Iran’s top nuclear chief said.
There would be no “reimplementation” of the 2015 nuclear deal if Iran’s alleged safeguards case at the International Atomic Energy Agency is not closed before that day, Iran’s top nuclear chief said.
Iran's gasoline and diesel storage capacity has reached 13 billion liters, the head of the National Iranian Oil Products Distribution Company, a subsidiary of the National Iranian Oil Company, said.
“NIOPDC's storage facilities cover a wide geographical area, namely Neka in Mazandaran, Malayer in Hamedan, Rey in Tehran and Kharg Island, Asalouyeh, Mahshahr and Genaveh in Bushehr Province, and new units are under construction in Khuzestan and Hormozgan,” Ali Akbar Nejad-Ali was also quoted as saying by ISNA.
Close to 91.5 billion liters of oil and derivatives, including liquefied petroleum gas, mazut, diesel and gasoline, are transferred annually across the nation via pipelines, vessels and tanker trucks, he added.
The official noted that the length of NIOPDC's pipelines to transfer oil byproducts exceeds 14,000 kilometers, accounting for 36% of the total volume of oil byproducts transfer, adding that the state-run company’s fleet is equipped with 10,000 oil tanker trucks, 62 LPG road tankers and 10 oil tankers.
Twelve propane dehydrogenation (PDH) plants are in different stages of construction and when they become operational, Iran will turn into a major producer of polypropylene, managing director of the National Petrochemical Company said.
According to Morteza Shah-Mirzaei, the executive operations of Pars Petrochemical PDH project with an investment of about $900 million and the PDH project of Parsian Sepehr Refining Company with an investment of $860 million started earlier this week, the Oil Ministry’s news agency Shana reported.
The annual feedstock of PDH at Parsian Sepehr Refining Company will be 600,000 tons per year of propane and will produce 300,000 tons of polypropylene, 140,000 tons of acrylic acid and 180,000 tons of superabsorbent per year.
More than 8,000 illegal water wells have been filled and sealed in Isfahan Province in the past 17 years, managing director of the provincial Regional Water Company said.
“During this period, 4,231 unauthorized drilling machines and equipment in the province have been confiscated,” Hassan Sasani was also quoted as saying by the Energy Ministry’s news portal Paven.
The provincial authority is still faced with the problem of illegal wells, and “since the beginning of the current year [March 21], 230 such wells have been filled,” he added.
More than 60% of respondents to a recent survey reacted negatively to the recent subsidy reform implemented by the government, mostly because following its implementation, the prices of items other than essential goods also increased.
A pollster affiliated to Majlis Research Center, the research arm of Iranian Parliament, found over 58% prefer the prices of essential goods to decline to last year’s level, or receive them via coupon, compared to 28% who favor an additional direct monthly cash subsidy.
The government of President Ebrahim Raisi’s recent removal of subsidies on import of essential goods was among its key economic decision. Instead, the government started depositing subsidies directly to the bank accounts of needy households.
The private sector has been allowed to place orders for wheat imports as of Aug. 23 after a gap of seven years, according to the head of the Agriculture and Food Processing Commission of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
“In a meeting with first vice president around three months ago, we requested that the private sector be allowed to undertake wheat imports. Fortunately, our request was accepted and later the government’s Economic Council agreed to give us the permit. Now a directive allowing private businesses to import different types of wheat has been communicated to provinces across the country,” Kaveh Zargaran was also quoted as saying by the news portal of TCCIM.
The official noted that every year domestic wheat harvest ends in September, so the grain’s import cannot hurt local farmers at this time.
The Statistical Center of Iran’s latest survey of the country’s 31 provinces shows three provinces registered year-on-year inflation rates of above 60% in the fifth month of the current Iranian year (July 23-August 22).
The overall goods and services Consumer Price Index in Iran saw a year-on-year increase of 52.2%.
The YOY inflation for West Azarbaijan, Ardabil and Kerman provinces were reportedly 60.3% each, the highest among all provinces.
The year-on-year CPI growth was the lowest for Khuzestan Province with 45.8%.
Iran reopened all its borders with Iraq on Wednesday, a day after they were closed due to the security situation arising from Iraqi Shia cleric Muqtada Al-Sadr’s announcement to quit political work.
The benchmark of Tehran Stock Exchange, TEDPIX, lost 1,840.43 points or 0.13% on Wednesday to end trading week at 1,439,376.
New regulations for cryptocurrency mining was approved by the government on Sunday. The Ministry of Industry, Mine and Trade now has permission to resume issuing licenses for cryptomining, the minister said.
"The Cabinet reviewed the new rules and some parts were approved during the meeting. The Ministry of Industries will start issuing licenses for the miners and mining centers," Reza Fatemi Amin was quoted as saying by the website Way2pay.ir.
"The regulations are comprehensive covering a wide range of issues related to the crypto industry, including their power needs and authorization mechanism," he Fatemi Amin added.
In a fresh warning to banks and credit institutions, the Central Bank of Iran said they must not pay interest on deposits over and above those set by the regulator.
In a press release posted on its website, the CBI cited reports about some banks that arbitrarily raised interest rates on big deposits and savings and warned the CEOs of such banks that will face the full force of the law.
The warning came after reports that some banks were offering more than 20% interest on deposits, apparently in the attempt to lure customers with big money.
The government sold 23 trillion rials ($79.3 million) bonds in the latest auction held weekly to raise funds for its budget deficits.
State and government owned companies produce losses estimated at 710 trillion rials ($2.4 billion) a year, chief of Auditing Organization of Iran said.
Speaking to reporters on Wednesday, Mousa Bozrog-Asl, reviewed the performance of the companies in the last fiscal year that ended in March.
He singled out ten loss-making companies that account for nearly 90% of the total loss shown by state and government enterprises, the Economy Ministry website, Shada.ir reported.
The two-year ban on importing car filters has been lifted, secretary of Iran’s Filter Manufacturers and Exporters Association announced.
Ali Soleimani also told Donyaye Khodro that filters can be imported on condition that they are bought directly from the manufacturing countries and approved by the Iranian filter association.
“Filters should be bought from countries with high technologies in the field, such as Germany, Italy, Japan and South Korea,” he added.
Referring to the ban on filter import due to the production of similar products in Iran, he said when car filters’ import was not restricted, some profiteers imported fake products from Asian countries in the name of European and South Korean products and sold them as genuine components.
As this harmed domestic industries, filter imports were banned and traders were only allowed to import products that did not have a domestic counterpart.
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