Energy

In a cordial meeting with members of the media, Saeed Rasouli, CEO of the Ports and Maritime Organization, highlighted the effective role of the media in promoting transparency and addressing challenges. Emphasizing the need to expand joint cooperation with journalists and maritime-sector stakeholders, he stated: “The media serve as a platform for problem-solving and can act as the Organization’s intellectual arm in realizing a maritime-oriented economy.”

The inauguration ceremony of the national “1,000 Managers” initiative was held by the Industrial Management Organization with the aim of identifying and developing the future leaders of the country’s industrial sector. The event was attended by a number of senior industrial executives, including Farshad Moghimi, CEO of IDRO, and Seyed Abbas Hosseini, advisor to the Minister of Industry, Mine and Trade. This initiative represents a strategic step toward human capital development, succession planning, and the enhancement of managerial skills across the country’s governance, business, and executive levels.

The 7th Capital Market and Media Festival was held today, coinciding with Capital Market Week, at the amphitheater hall of the Securities and Exchange Organization. In their speeches, Hojjatollah Seydi, the Head of the Securities and Exchange Organization, and Norouzpur, the Deputy Minister of Press Affairs at the Ministry of Culture and Islamic Guidance, emphasized the role of economic journalism in enhancing transparency and reducing uncertainty in the capital market.

The meeting of the Policy-Making Council of the University of Tehran’s Specialized Steel Industry Center was held with the participation of the Dean of the Faculty of Engineering and the University’s Vice President for Research, aiming to assess past activities and outline the future path of research collaborations within the country’s steel value chain.

On 1 November 2007, Pardis Petrochemical Complex launched its first production phase, marking a major step in Iran’s petrochemical industry. Established with the mission of supporting food security and sustainable development, the complex is now, after 18 years, recognized as the largest producer of ammonia and urea in the Middle East.

The 12th International Exhibition of Stock Exchange, Banking, Insurance, Privatization, and Investment Opportunities — known as Kish Inox 1404 — commenced on November 10 on Kish Island. The opening ceremony, attended by Dr. Mohammad Javad Zarif, Dr. Reza Masroor, Secretary of the Supreme Council of Free Trade Zones, the Ambassador of Armenia to Iran, and senior executives of banks, insurance companies, and free economic zones, marked a significant milestone in advancing the country’s financial and economic cooperation.

Bandar Abbas Oil Refining Company succeeded in increasing its production by 8.3% in the first half of 1404 compared to the same period last year, while also more than quadrupling its net profit

A group of members from the Iranology Scientific Association, accompanied by several history professors from Shahid Chamran University of Ahvaz, conducted a research visit to the Arvand Free Trade Zone.
During the visit, they evaluated the condition of archaeological sites within the area and emphasized the need for systematic and well-structured archaeological studies to preserve and better understand the region’s ancient heritage.

During the consultative meeting between the Minister of Economic Affairs and Finance and economic stakeholders on Kish Island, the Secretary of the Supreme Council of Free and Special Economic Zones expressed his appreciation for the role of the private sector in the island’s development, stating:

“The investors present in Kish are true lovers of Iran and devoted to the prosperity of this land. Many of them could have chosen to invest elsewhere in the country, yet with passion and commitment, they remained in Kish and built this region into what it is today.”

The 27th International Iran Steel Symposium was held from October 27 to 29, 2025 (Aban 6–8, 1404) on Kish Island, with the participation of leading companies and key players in Iran’s steel industry.
On the final day of this major event, the Kaveh South Kish Steel Company’s booth was honored as the top booth of the symposium, in recognition of its continuous efforts, technological innovations, and strong presence as a major steel billet producer and a key industrial hub in Iran’s steel sector.

An examination of the latest price trends in the commodity markets of the steel, mining, and petrochemical sectors during Shahrivar 1404 (September 2025) reveals a significant increase in certain products and notable fluctuations in urea fertilizer and lube cut oil.
These changes are influenced by both domestic and global factors, including construction demand, infrastructure projects, and currency exchange rate volatility, all of which have precisely shaped the current market outlook.