Business

Larijani Invites Minister to Brief Parliament on New Oil Contracts

Majlis Speaker Ali Larijani invited Petroleum Minister Bijan Zangeneh to attend a parliament session to brief members on new oil contracts.

Turkish Firm Signs $4.2bn Power Plant Deal with Iranian Energy Ministry

A major Turkish energy company has finalized a $4.2bn deal with Iran's Energy Ministry to set up seven natural gas power plants in the Islamic Republic.

20% Increase in Rajaie Port Activity

Director General of Hormuzgan Province’s Ports and Maritime Organization Ehrahim Idani said container operations in Rajaie port have increased by 20% in the past two months, as compared with the same period last year.

Iran Exports $15m Saffron in 1 Month

An official said Iran exported more than 10 tons of saffron, worth $15m dollars, in the first month of the current Iranian year (March 20-April 19, 2016).

Iran’s Beauties in Photos: Pomegranate Blossoms

Iran's Zagros Mountains, which run across the country from the northwest to the south, are famous for being a perfect habitat for pomegranates, which are known in Persian as Anar.

Zarif Urges US to Remove ‘Psychological Banking Barrier’ in Trade with Iran

Iranian Foreign Minister Mohammad Javad Zarif said there is a “psychological barrier” in trade with Iran, stressing that Washington should give international banks reassurances that they can resume business with the Islamic Republic.

First VP Embraces MP’s Criticism of Oil Contracts, Calls for Amendments

In a rare move in the history of Iranian administrations, First Vice-President Eshaq Jahangiri warmly welcomed a recent letter by the outspoken former MP Ahmad Tavakkoli which criticized the Oil Ministry’s new contracts, and asked Oil Minister Bijan Zanganeh to correct them accordingly.

Iran and Russia in Talks over Electricity Exchange

A new report says Iran and Russia are in final talks over high-season electricity exchange.

Portugal Calls for Tehran-Lisbon Direct Flights

Portuguese Deputy Foreign Minister Jorge Costa Oliveira called for bolstering relations with Iran, especially in the field of communications, and establishing direct flights between the two countries.

Iran-Sweden Trade Meeting Opens in Stockholm

An Iran-Sweden trade meeting opened on Wednesday June 1, attended by 230 Iranian and Swedish economic figures.

Market Unaffected by Iran Export Hike ahead of OPEC Meeting

Iran has not negatively impacted the oil market by doubling its crude oil exports, says Iranian Minister of Petroleum Bijan Zangeneh.

Economic Agreements Worth $1.2bn Signed with Finland and Poland

Iran has struck a number of economic agreements worth some $1.2bn during an Iranian delegation’s trip to Poland and Finland, says an official.

Iranian Official Pleased with Positive Outcomes of Poland Visit

A senior business official voiced his satisfaction with the positive results of a recent visit by Foreign Minister Mohammad Javad Zarif and a 60-strong delegation to Poland.

Iran Plans to Open 10 New Petchem Complexes This Year

Iran plans to inaugurate 10 new petrochemical complexes by the end of this Iranian calendar year (March 20, 2017), Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei said.

German Carmakers Resume Cooperation with Iran: Minister

Iranian Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh, who is in Berlin, said major German automakers have determined to resume their activities and investment in Iran’s market.

Iran Makes Its Largest Investment to Date in Kurdish Regions

Iran has bankrolled $800m for the development of Sanandaj and Mahabad petrochemical plants, both located in the country's Kurdish regions, thus making Iran’s biggest state investment in the region's history.

Green and Fertile Golestan Province

Golestan Province lies in the northeast of the country, and occupies a unique geographical location, where the Alborz Mountains reach down to the coast of the Caspian Sea.

Salar Salt Mine in Western Garmsar Mountains

Salar salt mine is located in Garmsar, a city in Semnan province. It sits in a unique geographical location, between Firouzkooh and Damavand in...

Indonesia Signs LPG Import Deal with Iran

Indonesia inked a deal with Iran for purchase of 80,000 metric tons of Liquefied Petroleum Gas (LPG) from Iran.

Iran Exports 10bn kWh of Power to Regional Countries

The Deputy Energy Minister announced that Iran has exported 10bn kWh of electricity to regional countries over the past Iranian calendar year, which ended March 19.

Rouhani: Iran a Land of Brotherhood and Unity among Ethnic Groups

Iranian President Rouhani said Iranians from all religions, sects and races are branches of one tree, called Islamic Iran.

Security Official Stresses Iran’s Litigation against US Asset Seizure

Secretary of Iran's National Security Council (SNSC) Ali Shamkhani announced that Tehran will certainly lodge complaints with international courts contesting the US Supreme Court ruling which authorized the transfer of $2bn of Tehran's frozen assets to the families of the victims of a 1983 bombing in Beirut.

Iran Agrofood 2016 Kicks Off in Tehran

The 23rd edition of Iran’s international exhibition of agricultural products, foodstuffs, machinery and related industries, known as Iran Agrofood 2016, will start at the Tehran International Permanent Fairgrounds, IRIB news reported.

VP Says Iran Will Guarantee Foreign Investments

Vice President for Executive Affairs Mohammad Shariatmadari said the Iranian government will offer guarantees for foreign investment, despite existing problems.

InterCity Group to build hotels in Iran

The head of the Cultural Heritage Organization discussed the prospects of building hotels in Iran with InterCity Hotels Group, a German chain hotel giant.

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