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.
Iran Poised to Catch Up with Qatar Gas Production by March 2017
Iran says its gas recovery from the supergiant South Pars gas field will catch up with that of Qatar before the end of the current Iranian calendar year which began on March 20.
Tehran, Moscow in Talks to Boost Energy Cooperation: Iranian Envoy
Iran’s Ambassador to Russia Mehdi Sanaei said Tehran and Moscow are in negotiations to promote mutual cooperation in the field of energy, and other areas.
30% Rise in North Azadegan Oil Deposits
Engineering studies over North Azadegan oilfield indicate that the field holds 30% more crude oil in its despite than was previously estimated in the field's 2008 master development plan (MDP).
Britain-Iran Chamber of Commerce: Serious Negotiation with Banks to Ease Work with Iran
The chairperson of the Britain-Iran Chamber of Commerce said currently banking issues are the main problem in engagement with Iran, so in Britain there is serious negotiation for resolving the problem.
Asian Oil Imports from Iran up by 50% in March
Iran’s oil exports to Asian countries have increased by 50% in the third month of the current year compared the corresponding period last year.
UN Says Open to Help Resolve Iran-US Assets Dispute
The United Nations on Friday suggested it would be willing to assist in a dispute between Tehran and Washington after Iran requested UN help in convincing the United States to stop what the Islamic Republic says are violations of state immunity.
Zarif Sends Official Letter to UN Chief over US Asset Seizure: Full Text
Iranian Foreign Minister Mohammad Javad Zarif sent a letter to the United Nations Secretary General Ban Ki-moon, stressing that Tehran will take whatever action to get back the Central Bank of Iran’s assets that the US has recently seized under a court ruling.
Plant-based motor oil introduced in Iran
An Iranian company has unveiled the country’s first generation of biodegradable engine oils.
Iran Eyes 10,000 Jobs in Major Refinery Project
Siraf Refinery Project, comprising 8 gas condensate mini-refineries, will generate 10,000 jobs, said a senior official related to the project.
Iran’s Gasoline Exports Double
NIORDC’s managing director said the volume of Iran’s gasoline exports has increased twofold since the beginning of the current Iranian calendar year [20 Mar 2016].
Leader: US Deception Hindering Iran Trade
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the US has resorted to “deception” to obstruct international trade with Iran despite a nuclear agreement.
US Seizure of Iran’s Assets is “Blatant Theft”: President Rouhani
Iranian President Hassan Rouhani lashed out at a recent US court ruling to confiscate nearly $2bn of Iran’s property, calling it a clear example of theft and a big legal scandal, and stressing that no one can encroach upon the rights of the Iranian nation.
Iran’s Foreign Exchange Reserves Soar: IMF
The International Monetary Fund (IMF) has pointed to a significant rise in Iran’s foreign exchange reserves.
Germany to Invest in Iranian Agriculture
Minister of Environment and Agriculture in the Saxony State of Germany Thomas Schmidth said his country will invest in the modernization of agricultural sector in Iran.
Iran’s Early April Crude Exports up by 600,000 bpd
Iran's crude exports in the first two weeks of April increased by about 600,000 bpd compared to that in the same period the previous year.
Caviar exports from Iran up 183% yr/yr
Iran’s exports of caviar rose to worth $1.7 million showing 183.3 percent increase in the past Iranian calendar year of 1394 (ended March 19, 2016).
Iran’s Non-Oil Exports up 8%
IRICA has reported that Iran’s non-oil export in the first month of the current Iranian year (began March 20) has experienced a 7.91% rise compared with the same period last year.
US and Canada to Join Iranian Crude Customers
Iran has begun negotiations with American and Canadian oil companies on petrochemical sales, technology purchases, as well as investment in the country’s oil and gas industries.
Iran Plans $200bn Investment in Oil Sector
First Vice-President Eshaq Jahangiri said that the Rouhani Administration is planning to invest $200bn dollars in oil sector in a push to develop the industry by employing new technologies.
Iran Sets New Record in Steel Exports
Deputy Trade Minister Mehdi Karbasian said Iran has set a new record in steel exports to global markets.
Shale – Iran Joins the Club
Iran has joined the club of countries which own shale oil and gas reserves, a senior Iranian oil official said.
Hyundai to build power plant in Iran
South Korea’s Hyundai Engineering Company (HEC) will ink a contract to construct a 500-megawatt power house in Iran.
Velayati Raps US Supreme Court Ruling to Seize Iran’s Assets
Head of the Strategic Research Center of Iran’s Expediency Council, Ali Akbar Velayati, criticized the US decision to seize nearly $2bn of the Central Bank of Iran’s assets in an American bank, describing the move as an indication of Washington’s “bullying” approach.
Portugal to Open Commercial & Investment Bureau in Tehran
A trade delegation from Portugal came to Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIMA) to explore the situation for business and investment with their Iranian counterparts.
Iran’s President Forms Committee to Reclaim Money Seized by US
Iranian President Hassan Rouhani has set up a committee to find a way to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, an Iranian diplomat announced.
