Olefin 9 and Olefin 10 petrochemical projects will come on stream by the end of the current Iranian calendar year (Mar. 19) in Pars Special Economic Energy Zone (PSEEZ), southern Iran.

The first phase of Shahid Rajaee Port (Hormozgan Province) development plan officially came on stream on Wednesday in the presence of President Ahmadinejad and a number of officials.

Energy cooperation between Tehran and Moscow entered a new state as the CIS Electric Power Council and Iran’s Ministry of Energy signed a memorandum of understanding (MOU) here Tuesday with the purpose of synchronizing electric systems.