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.
Tehran, Seoul to Sign MoUs in May
South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said on Sunday.
Iran’s melamine exports target European markets
Iran has been exporting melamine crystals to European countries such as Germany and Spain since Jan. 2016, Commercial head of Khorasan Petrochemical Complex said Monday.
Iran’s OPEC Governor to Attend Upcoming Doha Oil Talks
Hossein Kazempour Ardebili, Iran’s OPEC (Organization of the Petroleum Exporting Countries) governor, will represent the country’s Oil Ministry in an upcoming meeting on crude output of fellow OPEC members plus Russia in the Qatari capital.
CBI to Chair IFSB
Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.
Iran Opening Petrochemical Offices in Africa
Head of Marketing Department at Amir Kabir Petrochemical Company Diako Abbasi said plans are underway to open new petrochemical offices in Africa.
Iran, EU Stress Formation of Energy Trade Forum
Iran and the EU signed a Memorandum of Understanding (MoU) to cooperate in energy, as the EU Foreign Policy Chief Federica Mogherini visited Iran on Saturday
AEOI Head: Iran, EU Can Start Nuclear Cooperation from Fordo
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi announced that Tehran and the European Union have held good discussions on nuclear cooperation and are now able to launch joint venture at Fordo uranium enrichment plant in Central Iran.
Iran Has No Plan to Join Oil Output Freeze: CBI Chief
Central Bank of Iran (CBI) Chief Valiollah Seif stressed that the country has no intention to cap its crude production, adding that OPEC (Organization of the Petroleum Exporting Countries) members are to blame for the tumbling oil prices.
Iran Eyes 3.1 mbd of Refining Capacity
Iran will add 1.8 million barrels per day to its refining capacity to bring it to 3.1 mbd once several refinery projects come on-stream...
“Italy to invest 4bn Euros in Iranian Rail”
An Italian official said his country is to make four billion euros of investment in the Iranian railway sector.
Davutoğlu: We support Iran, Turkey banking cooperation
Turkish Prime Minister, Ahmet Davutoğlu in meeting with Hassan Rouhani emphasized Turkey's serious intention to develop cooperation with Iran saying that Ankara supports cooperation with Iranian banks with no restriction.
CBI governor: Iran’s trade partners return in post-sanctions era
Governor of Central Bank Valiollah Seif underlined that Iran's trade partners have returned to business with Tehran in the post-sanctions era.
Talks Under Way at Iran Plast for Boosting Petchem Trade
Iranian exhibitors at the 10th Iran Plast Exhibition are working out future cooperation with their international counterparts at the showcase, a senior Iranian petrochemical official says.
Mongolia, new buyer of Iranian crude
An NIOC official announced Iran and Mongolia have resumed negotiations on Iranian crude oil sales to the East Asian country through China’s route.
NIOC Mulls R&D Cooperation with Wintershall
A senior official with National Iranian Oil Company (NIOC) says the company is considering cooperation with Germany's Wintershall in research and development (R&D) projects.
Iran Ready to Supply Pakistan’s Energy Needs: Interior Minister
Iran is ready to provide Pakistan with its energy needs, Interior Minister Abdulreza Rahmani Fazli said.
Matteo Renzi: Peace is One of Italy and Iran’s Mutual Goals
Matteo Renzi, Italy’s Prime Minister, during a commercial meeting between two countries held in Iran’s Chamber of Commerce, said, “We are in Iran, but not only to sign economic contracts. There are many economic opportunities for both countries which should be taken seriously, but more than anything else, there is a common feeling between the two great civilizations of Persia and Rome.”
Iran’s Oil Market Counter-Attack against Saudi Arabia
Iran’s oil production had sharply decreased in recent years, due to the sanctions imposed on the country for years, and Tehran is now trying...
Iran launches talks with Shell
An NIOC official has announced the launch of Iran-Shell talks on supplying oil to the Anglo-Dutch company’s refineries in South Africa.
No barrier to boost trade relationships with Iran
Malaysian Minister for International Trade and Industry Mustapa Mohamed said his country sees no barrier to expansion of Kuala Lumpur-Tehran ties.
India, Untapped Market for Iran Petchem Products
A senior Iranian petrochemical official says India is a major market for Iran's petrochemical products given New Delhi's 7% economic growth.
British Banks Remain Reluctant to Finance Trade with Iran
British banks are tentative to re-engage with Iranian financial entities as anti-Tehran sanctions are still in place and not fully lifted, despite a lasting nuclear deal between Iran and six world powers, a British official said.
Iranian oil tankers free to cross Panama Canal
Iran and Panama have reached agreement on Iranian tanker ships crossing the Panama Canal and to register vessels under Panamanian flag.
Jalalpour’s Complaint: German-Iranian Banking Still Limited
The Head of Iran’s Chamber of Commerce complained to Germany’s Agriculture Minister about the effects of the continuation of Germany’s banking sanctions even after the implementation of JCPOA.
5th South Park Refinery Breaks Gas Processing Record
The 5th refinery facilities of South Pars gas field registered a 55.9 mcm/d record in processing natural gas during the previous Iranian calendar year which ended on March 19, said the plant's director.