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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

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.
Industry

Official : Iran, Germany to Hold Economic Confab

Emad Askarieh -
Iran and Germany plan to hold a major economic conference in Berlin on April 8, Executive Director of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasyan said.
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