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Expert: National currency's value can be increased by supporting production
The value of Iran's national currency can be increased by strengthening local production, not by slashing four zeros from the currency, said an Iranian economy expert.
Iran's coal production surges 25%
Iran produced nearly 1.25 million tons of coal in the nine months from March 21-December 21, 2018 which indicates a 25-perent increase compared to the output for the same period of the previous year.
Iran set for ‘big leap’ in gasoline production
Iran is to mark a milestone of 100 million liters per day in gasoline production this week when the third phase of its most important refining project comes online, making the country self-sufficient in the fuel.
Iran's 11-month crude steel production up 17.3%
Iran produced 22.59 million tons of crude steel in the first 11 months of 2018, indicating a growth of 17.3 percent compared with the figure for the same period of 2017, which was 19.256 million tons.
Gachsaran Oil and Gas Exploitation Company increases crude extraction
The CEO of Gachsaran Oil and Gas Exploitation Company announced an increase in the company's oil extraction using crude oil processing equipment.
OPEC agrees to slash production by 1.2mn bpd despite US pressure
Member states of the Organization of the Petroleum Exporting Countries (OPEC) and 10 other oil producing nations have agreed to cut output by 1.2 million barrels a day despite opposition from US President Donald Trump's administration.
IKEA targets big cut in greenhouse gas emissions from production
IKEA, the world’s biggest furniture group, pledged on Friday to cut greenhouse gas emissions from its production by 80 percent in absolute terms by 2030 from their levels two years ago.
£65,000 prefab homes go into production in UK
The UK is entering a new era of prefab homes with the opening of a Yorkshire factory that will build fully-fitted three-bedroom homes with a price tag as low as £65,000.
Rouhani: Budget bill to focus on boosting production, employment, controlling inflation
The new budget bill for next year will include principled plans for controlling the inflation rate, boosting production and employment and supporting the low-income strata, the Iranian president said.
South Pars Phase 14 gas production at 28 mcm/d
Iran is currently recovering 28 million cubic meters per day of natural gas from the Phase 14 development of the supergiant South Pars gas field in the Persian Gulf, an official said.
Farmer adjustments can offset climate change impacts in corn production
There is widespread concern that global warming will have a strong negative effect on crop yields. Recent research published in Proceedings of the National Academy of Sciences on historical maize yields across the US Corn Belt suggests that a continuation of the historical yield trend will depend on a stable climate and continued farmer adjustments.
Sources: Apple cancels production boost for budget iPhone XR
Apple signaled disappointing demand for the new iPhone XR, telling its top smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the relatively cost-effective model that hit shelves in late October, sources said.
Mass production of domestic fighter jet launched
Iran on Saturday inaugurated the mass production line of its domestically produced fighter jet Kowsar a day after the US President Donald Trump administration announced the reimposition of remaining US sanctions on Tehran.
Iran to transfer fertilizer production technology to Indonesia
A fertilizer production company based in the central Iranian province of Markazi intends to transfer technical knowhow for producing the substance to Indonesia, a faculty member of province’s agricultural research body said on Saturday.
Drug cartels test Central America for cocaine production
Cocaine production is beginning to creep into Central America, a development which could bring the supply of the drug closer to the United States and create a new security risk for an already troubled region.

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