Iran has signed contracts worth $21 billion with local firms for the development of six phases of the country’s giant South Pars gas field. The deals to develop phases 13, 14, 19, 22, 23 and 24 of South Pars were signed on Tuesday between the Iranian Oil Ministry and three local consortia, namely Khatam al-Anbiya, [...]

A total of 100,000 Tondar 90 (Renault Logan) cars have been produced in Iran, half of which by Iran’s biggest automaker, Iran Khodro (IKCO). Renault Pars Company is in charge of the engineering, quality control, parts supply, logistics, managing sales policies as well as marketing and customer services for Renault products in Iran and IKCO [...]

Iran’s spare part giant ISACO Kish has exported over 4.5 million dollars of its products to the target markets. The spare parts have been exported to more than 20 countries since the beginning of the current Iranian year (March 21, 2009). “This amount of export ranks ISACO Kish Co. six in export ranking of IDRO [...]

Iran comes one step closer to shipbuilding independence with the launch of its first indigenous ocean liner in the Persian Gulf. The ship dubbed Iran-Arak set sail in the southern province of Hormozgan in a Thursday ceremony attended by President Mahmoud Ahmadinejad. Manufactured by the Iran Shipbuilding and Offshore Industries Complex Co. (ISOICO), the 2200 [...]