Thursday, March 28, 2024

Business

Japan eyeing Iran’s oil prize Azadegan

New indications have emerged that show Japan has become interested in the development of Iran’s Azadegan oil field that industrialists have for long described as the crown jewel of the country’s oil projects.

Iran laying basis for non-oil economy

Iran expects to attract $15 billion in direct foreign investment this year as the biggest economy closed to international business since the fall of the Soviet Union is humming back to life.

Russia tries to mollify Iran on Saudi talks

Russia is apparently trying to placate Iran after a surprise agreement with Saudi Arabia on freezing oil production.

Russian flotilla to visit Bandar-e Anzali

In the second half of this year the Russian Navy Caspian Flotilla will visit the ports of Azerbaijan, Kazakhstan and Iran, the Commander of the Russian Caspian Flotilla, Rear-Admiral Igor Osipov, said on Sunday.

Iran oil exports to rise by 500K barrels in current month: Official

An official at the National Iranian Oil Company (NIOC) says Iran will increase its crude oil exports by 500,000 barrels per day (bpd) during the current month.

Iran Launches New Car Production Line in Iraq

Leading Iranian car manufacturer Iran Khodro Company (IKCO) established a new line for manufacturing its Arisun pick-up in the Iraqi city of Alexandria, south of the capital Baghdad.

Iran to export 60k bpd of oil to Greece

Iran said on Saturday that it has finalized a deal with Greece to sell as much as 60,000 barrels per day (bpd) of crude oil to the country.

US pistachio growers worry about competition from Iran

Indications are growing in the United States that pistachio growers are becoming worried over what many see as an impending intense competition with their Iranian rivals.

Expert: It is only fair for Iran to increase oil production

A expert on oil and energy market said it is only fair for Iran to increase its oil production.

Russia Says to Start Construction of 2 Power Plants in Southern Iran

The head of Russia’s Rosatom State Nuclear Energy Corporation announced the country is set to start the construction of two more nuclear power plants in Iran's southern city of Bushehr soon.

How to build tomorrow cities?

An urban economy expert believes best cities in the world are where social interaction is promoted.

Boeing gets Ok to study Iran market

Boeing said Friday it received the green light from the Obama administration to study the commercial airplane market in Iran as it eyes opportunity following the lifting of nuclear sanctions against the country.

Minister: Iran negotiating with American companies

Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said several big American companies have started negotiations with Iran recently.

Iran exports 7.1mn barrels of oil only in 2 days

Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.

Iran Supports Moves to Improve Oil Price: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.

Tehran Quartet Ministerial Meeting Opens to Tackle Oil Price Slump

A meeting of oil and energy ministers of Iran, Iraq, Venezuela, and Qatar started here on Wednesday to discuss solutions to save the global crude oil prices to stabilize the market.

Airbus executive urges European banks to get over Iran fears

An Airbus executive urged European banks to overcome their wariness about financing export projects to Iran because of US sanctions, highlighting difficulties European companies face in their rush to Tehran.

S. Arabia, Russia to freeze oil output

Saudi Arabia and Russia agreed to freeze oil output, which is already at near-record levels. This is the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies.

Brazil ditching dollar to boost Iran trade

Brazil says it will ditch the dollar in trade with Iran to sidestep a US ban which prevents Tehran from using the American financial system.

Zangeneh: Iran to export gas to Georgia

Minister of Petroleum Bijan Zangeneh said on Tuesday that export of gas to Georgia and joint investment in the petrochemical sector will be pivot of the Iran-Georgia cooperation.

Iran’s Bank Sepah reconnected to SWIFT

Iran’s Bank Sepah announced on Tuesday that it has been reconnected to SWIFT international banking services system after almost a decade.

Iran Signs Deal with Turkey to Smooth Financial Transactions

The Chief Executive Officer (CEO) of Iyzico, an Istanbul-based payments startup, said the company has signed a deal with an Iranian firm, which would...

German banks ready to inaugurate branch offices in Iran

German Bavaria's Minister for Economic Affairs Ilse Aigner said on Tuesday that German banks are ready to open branch offices in Iran.

Russia can supply 100 Sukhoi superjet to Iran — manufacturer

Russia could supply about 100 short-haul passenger aircraft Sukhoi Superjet 100 to Iran, Vice-President of the United Aircraft Corporation (UAC) Vladislav Masalov said Tuesday at the Singapore Airshow 2016.

Iran voices disinterest in oil majors’ deal

Iran on Tuesday expressed disinterest in a reported deal by its heavyweight rivals to freeze output so that the market reaches a stability that has already proved elusive for months now.

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