After more than a year of pressure from the United States and other top oil consuming countries, OPEC+ finally agreed to accelerate oil supply increases last week to tame runaway fuel prices and slow inflation.
Iran’s Ports and Maritime Organization (PMO) said cargo handling capacity at ports south and north of the country rose by nearly 40% in seven years to reach a total of 250 million metric tons in the year to late March.
Chairman of Exports Commission of Iran's Chamber of Commerce, Industries, Mines and Agriculture Jamshid Nafar said that Iran has the capacity for a 20 to 40 percent growth per year on trade with world countries.
Iran’ Martyr Tondgouyan Petrochemical Plant has operated beyond expectations by producing 107,000 tons of petrochemicals; i.e., 104 percent of its installed capacity in the period between October 21 and November 20, 2020.
The chief executive of Thermal Power Plants Holding Company said that 1,000 megawatts of electricity will be added to the installed capacity of Iran’s power plants by the end of the current Iranian year.