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 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.
Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.
A meeting of oil and energy ministers of Iran, Iraq, Venezuela, and Qatar started here on Wednesday to discuss solutions to save the global crude oil prices to stabilize the market.
An Airbus executive urged European banks to overcome their wariness about financing export projects to Iran because of US sanctions, highlighting difficulties European companies face in their rush to Tehran.
Saudi Arabia and Russia agreed to freeze oil output, which is already at near-record levels. This is the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies.
Minister of Petroleum Bijan Zangeneh said on Tuesday that export of gas to Georgia and joint investment in the petrochemical sector will be pivot of the Iran-Georgia cooperation.
The Chief Executive Officer (CEO) of Iyzico, an Istanbul-based payments startup, said the company has signed a deal with an Iranian firm, which would...
Russia could supply about 100 short-haul passenger aircraft Sukhoi Superjet 100 to Iran, Vice-President of the United Aircraft Corporation (UAC) Vladislav Masalov said Tuesday at the Singapore Airshow 2016.
Iran on Tuesday expressed disinterest in a reported deal by its heavyweight rivals to freeze output so that the market reaches a stability that has already proved elusive for months now.
A senior official at the National Iranian Oil Company (NIOC) said representatives of Iran, Iraq and Venezuela will convene in Tehran on Wednsday to discuss the latest situation in the global oil market.
Iranian First Vice-President Eshaq Jahangiri insisted that Tehran should develop such close ties with the global economy that any decision to isolate Iran would prove costly and impracticable.
Japan's Prime Minister Shinzo Abe will pay a visit to Tehran to hold talks with Iranian officials on ways to expand oil cooperation, Iran’s Oil Minister Bijan Zangeneh says.
Iran’s Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh said providing banking facilities could be the first step towards boosting economic relations between Iran and Ghana.
South Korea tripled its imports of Iranian crude oil in January from a year before, says a new report, coming a day after the Islamic Republic exported its first crude shipments to Europe.
Since the termination of anti-Iran sanctions in January, the country has succeeded in increasing its crude exports by 400,000 barrels per day, getting closer to the intended selling 2 million bpd of oil, a top official announced.
Deputy Oil Minister Rokneddin Javadi said on Sunday that production of Iran's crude oil increased 400,000 barrel each day and the figure is expected to increase by another 200,000 barrels.
Chaleshtar in the central district of Shahrekord, the provincial capital of Chaharmahal-Bakhtiari, is going to be home to Iran's first carpet village, says the head of Carpet Department at the provincial Industries, Mines and Commerce Organization.
