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.
Phases 17&18 Online before March 2017: Zangeneh
Iranian Minister of Petroleum Bijan Zangeneh has said the country will launch phases 17 and 18 of the supergiant gas field by the end of the current Iranian calendar year to March 19.
Shafei: Improving business environment key to economy of resistance
Internal economic problems should be removed and business environment improved in order to materialize Iran’s economy of resistance, said Deputy Head of Iran's Chamber of Commerce here Wednesday.
1st Iranian Tanker in Post-Sanctions Setting calls at African Port
An Iranian oil tanker has called at an African port for the first time since the removal of US-led sanctions on Tehran's nuclear program, an official said.
Iran, Germany agriculture ministers to meet Sun.
Iranian Minister of Agriculture Mahmoud Hojjati will meet with his German counterpart in Tehran in a bid to expand mutual agriculture cooperation between the two countries.
Kerry: Iran ‘absolutely’ deserves access to US dollars as part of sanctions relief
Secretary of State John Kerry said that Iran deserves access to US dollars out of fairness because Tehran has met its core obligations under the nuclear agreement, the Washington Free Beacon reported.
Iran Eyes 4mbd Oil Output by March 2017
Iranian Minister of Petroleum Bijan Zangeneh said the country has planned to raise its crude oil output to 4 million barrels a day, from the current 3.2 mbd, by the end of the current Iranian calendar year which began on March 20و adding the country eyes to boost oil exports to 2.25mbd by then.
Taiwan Lifts Visa Restrictions for Iranian Applicants
The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.
Iran inks agreements with foreign pharmaceutical companies
Iran has signed agreements with major drug producing companies for medicine production, said Head of Iranian Drug Producers Association Naser Riyahi.
Iran plans joint oil refinery in Spain
Deputy Minister of Petroleum Abbas Kazemi said here on Tuesday that Iran would have a 50-percent cooperation in constructing a refinery in Spain, if the country's crude oil is totally being supplied by Islamic Republic.
Saudi Arabia suspends Mahan Air over ‘safety’
Saudi Arabia has withdrawn licenses given to Iran's Mahan Air to land in the Persian Gulf kingdom or fly in its airspace over ‘safety’ claims.
Italian PM to Visit Iran on April 12-13: Report
Italian Prime Minister Matteo Renzi is scheduled to pay a two-day visit to Tehran this month, a report said.
Iran Petchem Output Up at 46 mt/y
Director of quality control at the National Petrochemical Company (NPC) said that its output was more than 46 million tons last year (ending March 19) up by 2.5 million tons compared to the preceding year.
Iran, Austria ink 2bn euro deals for cooperation
Iranian and Austrian private sectors will work on seven contracts, worth two billion euros,dealing with a number of agricultural and development projects.
‘Germany’s VW close to Iran auto deal’
Iran said that Germany’s auto giant Volkswagen is expected to seal a deal with an Iranian partner in the near future to invest in the country’s car industry.
EU banks start re-engaging with Iran
European banks have reportedly started to re-engage with Iran after over two months from the removal of sanctions against the country.
Iran, Turkey to trade with national currencies
Deputy industry minister has announced the possibility of Iran-Turkey trade using Rial and Turkish Lira currencies.
Iran has established relations with new European banks
After announcement of 'Implementation Day' of the nuclear deal in January, Iran has established banking relations with new European banks in Italy and Austria, a senior banking official said here Monday.
Rouhani: Iran’s trade surplus positive for first time in 37 years
President Hassan Rouhani said here on Monday that Iran's trade surplus for a period of 12 months starting March 21, 2015 turned positive for the first time in almost 37 years.
Iran oil exports surpasses 2 million bpd
Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.
Official: US hindering Iran’s recovery
A senior nuclear negotiator says Iran’s return to normal business will take time after the lifting of sanctions but US hindrances are making it difficult.
Iran’s oil production up 100k bpd
The latest market figures show Iran’s oil production rose by 100,000 barrels per day (bpd) in March – a yet another sign of the country’s positive performance after the removal of multiple-year sanctions.
Iran’s trade surplus positive for 1st time in 37 years
The latest official figures show that Iran’s trade surplus for a period of 12 months starting 21 March 2015 turned positive for the first time in almost 37 years.
Iran, Oman pick route for gas pipeline
Iran’s media said on Saturday that the route has been eventually picked to lay a subsea pipeline to export natural gas to Oman – a project which could materialize Tehran’s ambitions to sell liquefied natural gas (LNG) to overseas markets.
P&I provides larger liability support for Iran oil imports
As Iran is moving ahead with a promised rise in its oil exports, indications are appearing that the international businesses are trying to ease the flow of the Iranian oil to markets.
Iran announces major jump in oil exports
Iran says its oil exports have already reached around 2.2 million barrels per day (bpd) in what could highlight a major progress in the country’s post-sanctions oil industry performance.
