Monthly Archives: April 2019

MSC Sets New Record for Production

Head of Hot Rolling Mill of Mobarakeh Steel Company Mr. Ali Akbarian said that production in the Hot Rolling Mill has passed half a million tons in the first month of the current year, adding that it is a new record. IRAN NEWS ECONOMIC DESK He said due to endeavors of the staff and management of the company, the company produced 500,272 tons of products and it is a source of pride for the company.

EORC Boosts Parts Production by 300%

Saeed Ehteramian said that the company managed to manufacture 453 items of spare parts in circulation over 120,000 and it has saved economically around 260b rials. IRAN NEWS ECONOMIC DESK He went on to say that the total cost for manufacturing all spare parts was about 45b rials. Ehteramian went on to say that currently the company is in touch with over 500 domestic manufacturing companies, adding that so far and with this method, several good works have been done and some works are even better than their foreign likes

First Fully Home-Made 42-Megawatt Turbine Synchronized in Zahedan

Abbas Ali Abadi addressing the 17 th annual conference of the Iranian Society of Mechanical Engineers said that the turbine has been made in accordance with the climate of the country especially regarding temperature and weather conditions of different regions. IRAN NEWS ECONOMIC DESK He went on to say that all stages for manufacturing the turbine have been carried out in the country and even with the home-made raw material. Ali Abadi noted that generator, controlling system and all equipment of the power plant are fully Iranian and MAPNA Group has designed and manufactured it in collaboration with four companies.

Oil Consumption to Hit a Peak by 2030

In recent days, U.S. President Donald Trump has increased his pressure on the OPEC members to decrease the oil price and it indicates that the world response to Trump’s demand has led to a hike in oil price.

Persian Gulf Is Iran’s Lifeline

Every year, Iranians observe the Persian Gulf Day on the 10th of Ordibehesht, the second month on the Persian calendar, which usually falls on April 30. IRAN NEWS NATIONAL DESK The date coincides with the anniversary of a successful military campaign by Shah Abbas I of Persia in 1622, which drove the Portuguese navy out of the Strait of Hormuz, a waterway which separates the Persian Gulf from the Sea of Oman. The national occasion is meant to call attention to the fact that the inland sea has been referred to by historians and ancient texts as the Persian Gulf since the Achaemenid Empire was established in what is now modern day Iran

Trump welcomes NASCAR champ Logano to White House

President Donald Trump welcomed NASCAR champion Joey Logano — and his race car — to the White House Tuesday. Trump celebrated the 2018 NASCAR Cup Series Champion on the South Lawn, along with team owner Roger Penske. (April 30)