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Business

Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.

Energy

Top Priority is Exporting Gas to Iraq: NIGC Official

Golrokh Askarieh -
The export of gas to Iraq is Iran’s top priority, the Director of National Iranian Gas Company for Planning, Mohammad Reza Qodsizadeh, said on Monday May 9.
Agriculture

Agriculture Minister Calls for Expansion of Iran-Holland Cooperation

Golrokh Askarieh -
Agriculture Minister Mahmoud Hojjati called for expansion of cooperation between Iran and the Netherlands in producing herbal medicines.
Economy

Iran Committed to Gender Equality: Molaverdi

Golrokh Askarieh -
The Vice-President for Women and Family Affairs Shahindokht Molaverdi said the government is determined to meet its objective of guaranteeing gender equality.
Energy

Iran Conducting Oil Exploration Nationwide: Official

Golrokh Askarieh -
Surveys are being carried out all over Iran to explore new oil and gas reserves, the head of the National Iranian Oil Company’s Exploration Directorate announced.
Energy

Iran and Norway Ink Oil Industry Cooperation MoU

Golrokh Askarieh -
Iran’s Research Institute of Petroleum Industry and the Norway's International Aker Solutions Company inked a Memorandum of Understanding to cooperate in the field of oil and gas, an official said on May 9.
Editor's Choice

Rouhani: Parliament and Government Must Work Together for Economy and Environment

Golrokh Askarieh -
President Hassan Rouhani underlined that for economic growth to gather pace, the Parliament and Administration need to close ranks.
Energy

Iran Facing No Major Problem in Selling Oil: Official

Golrokh Askarieh -
There is no major obstacle to the sale of Iranian crude in international markets, an Iranian deputy oil minister for international affairs and marketing said.
Energy

Saudis Luring Oil Customers Away from Iran: Minister

Emad Askarieh -
Iran’s Oil Minister Bijan Namdar Zanganeh blamed Saudi Arabia for discouraging customers from buying Iranian crude and luring them away by offering lower prices.
Energy

PRTC Signs Cooperation Deal with SPEC

Golrokh Askarieh -
The Petrochemical Research and Technology Company (PTRC) and the Supplying Petrochemical Industries Parts, Equipment & Chemicals Engineering Company (SPEC) have signed an agreement to...
Energy

Warsaw Seeking Nuclear Cooperation with Iran

Golrokh Askarieh -
An AEOI spokesman said that Iran welcomes cooperation with Poland on nuclear science and technology.
Energy

‘30m Cubic Meters of Iranian Gas Is Wasted Each Day’

Golrokh Askarieh -
A senior Petroleum Ministry official has called for the private sector to step in and help recover billions of dollars from going to waste in Iran’s natural gas flares.
Energy

Tehran and Muscat Close Ranks to Tackle Oil Price Slump

Emad Askarieh -
A petroleum activist says that the implementation of the Joint Comprehensive Plan of Action (JCPOA) paves the way for investments in a ban-free Iran. Omani Minster of Oil and Gas Muhammad bin Hamad al-Rumhi says Iran and Oman are to join efforts in addressing falling prices in the oil market.
Energy

Iran’s Oil Exports Reaching Pre-Sanctions Level: President

Golrokh Askarieh -
Iranian President Hassan Rouhani said the country’s exports of oil will be soon equal to the level of the pre-sanctions era, noting that part of the banking problems will be also fixed.
Asia

Japan Eyes Development of Iranian Port: Report

Emad Askarieh -
A new report says Japan seeks to play a part in the development of the southeastern Iranian port of Chabahar.
Industry

Fourth IKCO Car to Enter Iran’s Market

Fatemeh Askarieh -
The 4th IKCO brand car is going to enter the market by the end of this Iranian year, Mach 20, 2017.
Energy

Total to cooperate in development of South Azadegan oil field

Emad Askarieh -
An Iranian official said here on Saturday that French oil giant Total has received preliminary information for studying the development of the South Azadegan oil field.
Asia

India Says to Pay Iran Oil Dues via European Banks

Emad Askarieh -
The Indian oil minister said the South Asian country is scheduled to pay an outstanding oil debt to Tehran via European banks.
Economy

Iran oil exports hit 2.4 million bpd

Emad Askarieh -
Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.
Economy

FM: Foes Misrepresenting Iran as Unsafe for Investment

Emad Askarieh -
Iran’s Foreign Minister Mohammad Javad Zarif called on the incoming parliament to thwart the plots hatched by enemies aimed at portraying the country as an unsafe investment destination and discouraging foreign investors from coming to Iran.
Energy

Gas Condensate Output Up 35% in March-April

Emad Askarieh -
Iranian refineries’ gas condensate output rose by 35% in the Iranian month of Farvardin (March 20-April 19).
Energy

Iran set to take over Qatar in gas output from shared field

Emad Askarieh -
Iran said on Friday that it will take over Qatar in production of natural gas from a key field that both share as it expects a significant rise in production from the field before March 2017.
Energy

Iran Says Ready to Join Oil Freeze Plan

Emad Askarieh -
Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.
Asia

Afghan Minister: Afghan Commodities to Be Exported via Chabahar Port

Golrokh Askarieh -
The Economy Minister of Afghanistan said commodities and minerals from his country will be exported to different parts of the world through the strategic ocean port of Chabahar.
IFP Exclusive

Iran to Spend Over $260m on Renewing Airport Equipment

IFP Editorial Staff -
An Iranian official announced that more than $260m will be spent within the next five years to renovate and upgrade airport radar equipment across Iran.
Asia

Modi’s Iran Visit Is a Golden Chance to Settle Financial Disputes

Golrokh Askarieh -
The significant and historical visit of the Indian Prime Minister Narendra Modi to Iran, slated for May 22, provides a golden opportunity for both countries to develop ties and focus on ways of settling their financial disputes.
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