Business

Iraq Needs to Import Iran’s Natural Gas: Minister

Iraq says it needs to import natural gas from Iran to operate its power plants within the next seven years.

Iran Gas Deal with Total Continues to Stir Controversy

The $4.8bn gas deal between Iran and a consortium led by the French energy giant Total over the development of Iran’s South Pars Gas Field has remained a top story in the Iranian media ten days after the signing ceremony.

Iran Locates Sites for Tidal Power Generation

Iranian scientists have identified at least 10 prime sites in the Persian Gulf for production of electricity from the ebb and flow of the regional water.

Iran Oil Minister Raps MPs for Opposing Total Deal

Iran’s oil minister has criticized a number of lawmakers for their opposition to a recent gas deal between Iran and the French energy giant Total.

Iran Signs $1.3bn High-Speed Rail Deal with Italy

Iran’s state railway company and its Italian counterpart have signed a deal worth 1.2 billion euros ($1.3 billion) to build a high-speed rail line between Iranian cities of Arak and Qom.

Rouhani’s Gov’t Downplays Concerns on Total Deal

There is nothing confidential to the parliament about a recent deal Iran has signed with France’s Total, spokesman for the administration said, recommending the MPs seeking suspension of the deal to bear in mind a law binding the administration to attraction of foreign investment.

Iran, Turkey Can Boost Trade Value to $50bn

Iran’s ICT Minister and Chairman of Iran's joint economic commission with Turkey says Tehran and Ankara have the potential to increase the value of their bilateral trade to $50 billion per year.

124 Iranian Planes Crippled, Waiting for Spare Parts

A recent media report says about one and a half years after the implementation of the Iran nuclear deal, at least 124 out of 298 planes in the Islamic Republic’s air fleet remain grounded due to the government’s failure to import spare parts from Europe.

Iran to Appoint Woman as Head of Flag Carrier Airline

If approved by the Iranian cabinet, a woman is going to take the helm at the country's national airliner Iran Air as the first-ever female Iranian heading the company.

Rice Cultivation in Iran’s Eastern Deserts

Azmighan is located 37 kilometres northeast of Tabas County, South Khorasan province.

Iran’s Larijani Calls for Investment in Caspian Sea Oil Extraction

Iran’s Parliament Speaker says there must be no restriction on making investment in extraction of oil from the Caspian Sea.

Iran Sells First Homegrown Catamaran Ship to Turkey

Iran has sold its first domestically-made catamaran ship to neighboring Turkey, the managing director of the Arvandan Shipbuilding Company, the manufacturer of the vessel, announced.

Iran-Total Gas Deal Sparks Controversy in Tehran

A multi-billion-dollar gas deal signed between Iran and French energy giant Total for the development of Phase 11 of South Pars Gas Field has sparked mixed reactions in Iran.

Iran, Italy to Ink €1.2bn Deal on Railway Development

The Islamic Republic of Iran Railways (IRIR) will sign a €1.2-billion deal with its Italian counterpart Ferrovie dello Stato (FS) to build a high-speed railroad between the central cities of Qom and Arak.

Iran-Total Gas Deal to Facilitate Transfer of Technology: Rouhani

Iranian President Hassan Rouhani says a multi-billion-dollar gas deal signed between Iran and French energy giant, Total, will facilitate the “transfer of technological, scientific and managerial experience” between Iran and France.

US Losing Iran’s Energy Market to European Firms

While the French oil giant Total just signed a huge gas deal with Iran, American companies are deprived of Iran’s lucrative oil and gas market due to the restrictions imposed by the US administration.

Iran, Total Ink Huge Deal for Gas Field Development

The National Iranian Oil Company (NIOC) and the French oil giant Total have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field.

Iran, Total to Finalize $4.8bn Gas Deal on Monday

Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a year ago, an Iranian Oil Ministry official said on Sunday.

Iran Urges Muslim Nations to Jointly Produce Wealth

A top Iranian official has called on countries within the Muslim world to make joint efforts to produce wealth instead of waging wars against each other.

FM Zarif Holds Talks with French Senate President

Iran’s Foreign Minister Mohammad Javad Zarif on Thursday met the President of the French Senate Gerard Larcher during his visit to Paris, the third leg of his European tour.

“Iran Displays Laser Achievements in Laser World of Photonics 2017”

Iran has showcased its achievements in the field of laser technology at the Munich exhibition.

“Iran Successful in Seizing Contraband Goods”

A report says Iran’s Customs Office has been very successful in seizing contraband commodities and illicit drugs.

Tehran, Seoul Keen to Expand Business Ties: Larijani

Iran’s Parliament speaker says the Islamic Republic and South Korea have great potentials for investment and job creation, and both are interested in expanding their trade cooperation.

Iran Urges Eurasian States to Boost Economic Ties

Iran’s parliament speaker has called on Eurasian countries to work towards enhancing their economic cooperation.

Time Ripe for Expansion of Iran-Germany Ties: FM Zarif

Iranian Foreign Minister Mohammad Javad Zarif says the grounds are now prepared for Iran and Germany to promote their economic relations.

Latest news