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.

Energy

Iran top holder of worldˈs natural gas reserves: BP

Emad Askarieh -
The British Petroleum (BP) classed Iran, for the second consequent year, as the world’s top gas reserves holder with 33.8 trillion cubic meters, it was reported on Wednesday.
Energy

Official: Isfahan Refinery to Produce Euro-4 Gasoline

Emad Askarieh -
Iran's Isfahan refinery plans to start producing Euro-4 gasoline once the necessary catalyst is mass-produced in the country, a senior official announced.
Finance

Iran among the safest countries for investment

Emad Askarieh -
First deputy- President has said Iran is one of the safest countries for petrochemical investments.
Economy

Azerbaijan Planning to Promote IT Cooperation with Iran

Emad Askarieh -
Azerbaijan’s Communications and Advanced Technologies Minister Ali Abbasov plans to pay an official visit to Tehran in the second half of June to promote Tehran-Baku ties in various fields of communications and information Technology (IT).
Finance

MP: China Planning to Finance Completion of Khoda Afarin Dam in Northwestern Iran

Emad Askarieh -
China plans to allocate approximately $1bln for the implementation of Khoda Afarin Dam irrigation project, an Iranian parliamentarian announced.
Energy

Turkey extends contract to import Iran oil: Official

Emad Askarieh -
Tehran and Ankara have renewed a bilateral agreement on the export of Iran’s oil to Turkey, an Iranian energy official says.
Energy

Iran, Russia Mulling $10bln Deal in Power Sector

Emad Askarieh -
The Islamic Republic of Iran and Russia are working out a $10-billion deal in the power sector.
Economy

Iran’s Economy Minister in Kazakhstan to Attend 4th ECO Ministerial Meeting

Emad Askarieh -
Iranian Economy Minister Ali Tayyebnia left Tehran for Kazakhstan to attend the Fourth Ministerial meeting of the Economy Cooperation Organization (ECO) in the central Asian country.
Energy

‘South Pars to be completed by 2017’

Emad Askarieh -
All phases of Iran’s giant South Pars natural gas field will be completed by early 2017, an Iranian energy official says.
Energy

Iran ready to supply Europe with natural gas: Official

Emad Askarieh -
A senior Iranian energy official says the Islamic Republic is prepared to export natural gas to European countries seeking to diversify their energy sources and gas supplies.
Economy

Iran-Russia propose to establish joint financial firm

Emad Askarieh -
Iran’s ambassador to Moscow and Russian deputy-minister of finance have proposed establishment of a joint financial firm.
Energy

Energy Minister Calls for German Companies’ Cooperation in Iran’s Water Projects

Emad Askarieh -
Iranian Energy Minister Hamid Chitchian called on the German companies to take part in Iran's water projects.
Energy

32 countries attending Iran Oil Show 2014

Emad Askarieh -
Some 32 world countries will be attending Iranˈs 19th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2014) to be held in Tehran on May 6-9.
Energy

Oil Minister: Phase 12 of South Pars Gas Field to Double Production Soon

Emad Askarieh -
Iranian Oil Minister Bijan Namdar Zanganeh announced that phase 12, the biggest development phase of the massive offshore South Pars gas field, south of Iran, will double gas production by the next month.
Energy

Iran committed to increase gas export

Emad Askarieh -
Iran is committed to increase gas export, First Vice- President Eshagh Jahangiri said on Monday.
Economy

Iran Exporting Tractors to 13 Countries

Emad Askarieh -
Managing director of Iran Tractor Manufacturing Company (ITMCO) said the country sells different models of tractors to various countries around the world.
Economy

Envoy: Iran-Turkey trade ceiling set at $16bn

Emad Askarieh -
Iranˈs Ambassador to Ankara Ali-Reza Bigdeli said on Monday that the Iran-Turkey trade ceiling is set at about $16 billion for the current Iranian calendar year of 1393 (starting on March 21).
Economy

Iran Exports over $314mln Worth of Hand-Woven Carpets in One Year

Emad Askarieh -
Iran exported $314.8mln worth of hand-woven carpets in the last Iranian year (March 20, 2013-March 20, 2014).
Energy

India oil imports from Iran rise 43% in Q1 2014

Emad Askarieh -
India has significantly increased its oil purchases from Iran following the implementation of an interim nuclear deal between Iran and six world powers, a report says.
Energy

South Korea doubles Iran oil imports

Emad Askarieh -
South Korea doubled its import of Iranian oil during the month of February.
Energy

Iran plans launching four new nuclear power plants

Emad Askarieh -
Iran will need 30,000 of its new generation centrifuges and more power plants to meet domestic fuel demands, its nuclear chief has said.
Energy

Iran to increase oil output to 5.7 million bpd by 2018

Emad Askarieh -
Oil Ministry has a planned to increase oil output to 5.7 million bpd by 2018, Deputy head of the Majlis Energy Commission Ali Marvi said on Saturday citing the plannings presented by Oil Minister Bijan Namdar Zanganeh.
Economy

Iran, Afghanistan economic ministers meet at World Bank Spring meeting

Emad Askarieh -
Iran’s economic minister and his Afghan counterpart have met on the sidelines of World Bank Spring meeting.
Transportation

HOMA offers 70 percent discount for intl. publishers

Emad Askarieh -
HOMA has announced the company will offer 70 per cent discount to the international publishers participating in the upcoming Tehran International Book Fair.
Energy

Oil Minister: Iran Planning to Inaugurate Several Gas Projects in South Pars before Winter

Emad Askarieh -
Iranian Oil Minister said on Sunday that the ministry plans to boost the country's gas production before winter through completion of several projects in various phases of the South Pars gas field.
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