0302 GMT October 14, 2019
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Over $1.2 billion worth of non-oil commodities were exported from Arvand Free Zone in Khuzestan Province in the first 11 months of the current Iranian year (March 21, 2018 – Feb. 19, 2019).
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Iranian naval guards have seized four Indian fishing vessels for trespassing on the country's territorial waters in the Arvand waterway on the mouth of the Persian Gulf.
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Deputy head of the Arvand Free Zone Organization in southwestern Iran announced that 10 European and Asian countries have invested in the zone.
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Arvandan Oil Company is now producing 400,000 barrels of crude oil per day from the fields it is operating in western Iran, said the company's director of production and operation.
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Non-oil products valued at over $1 billion are exported from Arvand Free Zone each year, announced the zone's commercial director.
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Secretary of the Supreme Council of Free and Special Economic Zones Akbar Torkan announced that the council has approved the plan for the construction of an aluminum manufacturing plant in Arvand zone, in Khuzestan province.
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