Author: Steven Sahiounie

He said is the manifestation of Iran’s authority in the international arena. Implementation of strategic and important projects and maximal production from joint oil and gas fields are the main mission of the Ministry of Oil and the National Iranian Oil Company (NIOC), Khojastehmehr underlined. He said South Pars is the largest gas field in the world and contains 50 percent of Iran’s gas reserves, adding that 70 percent of the gas produced in the country is extracted from this field. Elsewhere in his remarks, the NIOC chief pointed to the specifications of Phase 11 and noted that it is located at the zero point of the…

The charging stations were opened on Monday in a ceremony attended by authorities from the Ministry of Industry and Tehran Municipality. A contractor from Iran’s Energy Engineering Company MAPNA said the new EV charging stations had been constructed and equipped in only 24 days and after the MIMT and Tehran’s Municipality signed a contract to electrify inner-city transport in the metropolis, Press TV reported. Mousa Rafan said the charging stations have been equipped with 44 fast-charge ports and 50 alternating current (AC) chargers. Rafan said a further expansion of the EV charging station network in Tehran would require more support from…

The Israeli occupation authorities today notified a halt on work and construction in 17 homes west of the eastern West Bank city of Jericho, according to a local activist. Alaa Fhaidat, an activist in Jericho, told WAFA that the occupation forces stormed al-Dyouk al-Tahta and handed over notices to stop work and construction in 17 houses in the center of the village, some of which have been inhabited and built for years, while others are under construction. Dozens of similar notices were handed over by the occupation authorities to homeowners in the same village over the past two years. Last week,…

Tandem Global Consulting and Profilum signed a memorandum of intent in the amount of $7 mln MOSCOW, August 29. /TASS/. Agreements to the amount of $347 mln were signed during the Cloud City BRICS International Innovation Forum, the Forum’s press service told TASS. In particular, “the Moscow-based Avtonomica company agreed during the Cloud City BRICS International Innovation Forum on raising investments totaling over $320 mln,” making possible for the company “to initiative a proactive entry to markets of countries of the Asia-Pacific Region and the Middle East,” the press service said. “Furthermore, a memorandum of intent was signed within the…

Under the patronage of commander-in-Chief of the Army and Armed forces, President Bashar al-Assad, a celebration was held Tuesday on the graduation of a new batch of Naval Academy cadets. The celebration was held on the occasion of Naval forces Day. Chief of Staff of the Army and Armed forces, Major General Abdu-Kareem Mahmoud Ibrahim, represented President al-Assad at the ceremony. The Naval Forces and Coastal Defense at the Syrian Arab Army also celebrated the Naval Forces Day. The army commanders delivered speeches in which they stress that the Syrian naval forces today are more determined to continue their sacred…

Civil Aviation Establishment announced on Tuesday that Air transport via Aleppo International Airport to be resumed as of today at 12.00 midnight. “Air companies can reschedule their flights as usual after repairing the damages resulted from the Israeli aggression that targeted the Airport yesterday dawn,” The Establishment said in a statement posted on its website page. An Israeli aggression targeted Aleppo International Airport coming from the direction of the Mediterranean which left damages to the runway. Source: SANA

The dollar exchange rate was up by 0.88% at 96.15 rubles MOSCOW, August 29. /TASS/. The euro exchange rate rose above 104 rubles on Moscow Exchange for the first time since August 16, 2023, according to trading data. As of 3:08 p.m. Moscow time the euro exchange rate was up by 0.87% at 104.08 rubles. By 3:25 p.m. the euro had narrowed gains to 0.59% trading at 103.79 rubles. Meanwhile, the dollar exchange rate was up by 0.88% at 96.15 rubles, while the yuan was up by 0.79% at 13.161 rubles. Source: Tass

Bloomberg cites three informed sources as saying that the Kremlin is planning Russian President Vladimir Putin’s visit to China for the Belt and Road Forum in October. Bloomberg cited three informed sources as saying that Russian President Vladimir Putin has agreed to undertake his first international trip since the International Criminal Court issued in March an arrest warrant against him over alleged war crimes. According to the three sources, the Kremlin is planning Putin’s visit to China for the Belt and Road Forum in October. One of the sources told Bloomberg that the Russian leader has accepted Chinese President Xi Jinping’s invitation to…

On August 2, the UK partially suspended levying anti-dumping duties on imports of hot-rolled strip, unalloyed or alloyed steel products from Russia and Iran LONDON, August 29. /TASS/. The UK’s Trade Remedies Authority (TRA) has extended anti-dumping measures against imports of hot-rolled flat and coiled steel from Brazil, Iran, China and Russia, until 2027. This is according to a statement on the website of TRA. “The anti-dumping and countervailing measures on Hot Rolled Flat and Coil steel from China will be kept at the existing rates until 7 April 2027, while the anti-dumping measure on imports from Brazil, Iran &…

Capital expenditures of Sistema in the Q2 amounted to 30 bln rubles ($313.97 mln) MOSCOW, August 29. /TASS/. Consolidated revenue of Sistema increased in April – June 2023 by 19% year-on-year earlier and amounted to 245 bln rubles ($2.56 bln), the company said on Tuesday. The company’s revenue for the half year rose by 13% and reached 466 bln rubles ($4.87 bln). OIBDA in the Q2 decreased by 22.3% and amounted to 75.1 bln rubles ($785.97 mln), for the first half of the year the figure decreased by 7.1% to 157.6 bln rubles ($1.64 bln). Capital expenditures of Sistema in…