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.
Oman backs Iran in Saudi freeze row
Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic Republic must be exempted from the plan.
Iran-Germany Banking Ties to Normalize in 3 Months: Envoy
Iranian Ambassador to Germany Ali Majedi said normalization of banking relations between the Islamic Republic and the European country will take two or three months.
Iran rejects oil freeze call as ‘joke’
Iran on Tuesday vehemently rejected any possibility that it will stop increasing its oil production with the country’s oil minister Bijan Zangeneh mocking any request on Tehran to that effect as “a joke”.
Italy to Build Three Solar Plants in Iran
An Italian energy company is planned to construct solar power plants in three Iranian cities with a total capacity of 10 Mega Watts.
Iran to hold specialized food exhibition in Russia
Iran’s specialized exhibition of high-quality foodstuffs will be held in Russia in late April 2016.
Iran, US will have biggest oil production surges: IEA
Crude oil production by Iran and the United States will experience biggest increases by 2021, according to the International Energy Agency (IEA).
VINCI, Hyundai interested in Iran largest oil field
A senior oil official said South Korea's Hyundai and France's VINCI have expressed willingness to be active in largest Iranian oil field 'South Azadegan'.
Vilified Siemens is Iran’s new darling
Iran’s Minister of Petroleum Bijan Zangeneh hopes to open a “new chapter” in cooperation with Siemens as Europe's biggest engineering conglomerate refreshes its indelible mark in the Iranian industry.
Iran negotiating with 30 European countries on oil drilling
Managing Director of Iranian Drilling Company announced that his company has held talks with 30 European and Asian firms over past several months, and said Tehran is ready to cooperate with accredited oil companies and joint drilling cooperation.
Iran intends to increase oil output: Analyst
An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.
Russia lauds Iran’s role in oil market talks
Russia’s Energy Minister Alexander Novak on Sunday praise Iran for adopting what he described as a “constructive role” toward proposals by key producers to stabilize oil prices.
Japan eyeing Iran’s oil prize Azadegan
New indications have emerged that show Japan has become interested in the development of Iran’s Azadegan oil field that industrialists have for long described as the crown jewel of the country’s oil projects.
Iran laying basis for non-oil economy
Iran expects to attract $15 billion in direct foreign investment this year as the biggest economy closed to international business since the fall of the Soviet Union is humming back to life.
Russia tries to mollify Iran on Saudi talks
Russia is apparently trying to placate Iran after a surprise agreement with Saudi Arabia on freezing oil production.
Russian flotilla to visit Bandar-e Anzali
In the second half of this year the Russian Navy Caspian Flotilla will visit the ports of Azerbaijan, Kazakhstan and Iran, the Commander of the Russian Caspian Flotilla, Rear-Admiral Igor Osipov, said on Sunday.
Iran oil exports to rise by 500K barrels in current month: Official
An official at the National Iranian Oil Company (NIOC) says Iran will increase its crude oil exports by 500,000 barrels per day (bpd) during the current month.
Iran Launches New Car Production Line in Iraq
Leading Iranian car manufacturer Iran Khodro Company (IKCO) established a new line for manufacturing its Arisun pick-up in the Iraqi city of Alexandria, south of the capital Baghdad.
Iran to export 60k bpd of oil to Greece
Iran said on Saturday that it has finalized a deal with Greece to sell as much as 60,000 barrels per day (bpd) of crude oil to the country.
US pistachio growers worry about competition from Iran
Indications are growing in the United States that pistachio growers are becoming worried over what many see as an impending intense competition with their Iranian rivals.
Expert: It is only fair for Iran to increase oil production
A expert on oil and energy market said it is only fair for Iran to increase its oil production.
Russia Says to Start Construction of 2 Power Plants in Southern Iran
The head of Russia’s Rosatom State Nuclear Energy Corporation announced the country is set to start the construction of two more nuclear power plants in Iran's southern city of Bushehr soon.
How to build tomorrow cities?
An urban economy expert believes best cities in the world are where social interaction is promoted.
Boeing gets Ok to study Iran market
Boeing said Friday it received the green light from the Obama administration to study the commercial airplane market in Iran as it eyes opportunity following the lifting of nuclear sanctions against the country.
Minister: Iran negotiating with American companies
Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said several big American companies have started negotiations with Iran recently.
Iran exports 7.1mn barrels of oil only in 2 days
Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.
