Tuesday, June 24, 2025

Business

Iran sanctions cost US economy $175bn: NIAC

The US sanctions against Iran have cost Washington as much as USD 175 billion dollars in losses for not doing business with the Islamic Republic, a Washington-based think-tank has found.

Iran’s Bushehr Province, Qatar Become Economic Partners

Qatar and Iran's southern province of Bushehr penned an agreement for economic cooperation.

Iranian Hydroelectric Power Plants’ Output Rises by 9%

The electricity produced by Iran’s hydroelectric power plants has witnessed over 9 percent increase since the beginning of the current Iranian year

Final nuclear deal to spur Iran economy: CBI official

A senior Iranian banking official forecasts a six-percent economic growth for Iran in case Tehran and six world powers reach a final accord on the Islamic Republic’s nuclear program.

Russia builds 5 power plants for Iran

Russian contractor Technoprom energy firm has negotiated construction of 5 power plants with Iran’s ministry of energy.

Iran, Ukraine set to boost cooperation in air transport

Head of Iran Civil Aviation Organization Alireza Jahangirian and his Ukrainian counterpart Denys Antoniuk, in a meeting in Tehran on Saturday, explored ways to promote bilateral cooperation in air transport.

Envoy: Kabul Keen to Sign Transit Deal with Iran, India Via Chabahar

Afghan Ambassador to New Delhi Shaida Mohammad Abdali said his country is keen to ink a trilateral agreement with Iran and India to facilitate the transit of commodities between Afghanistan and India via Iran's Chabahar Port.

Renault Willing to Resume Activity in Iran

French giant automaker Renault once again voiced its readiness to resume its cooperation with Iranian carmakers in the near future.

Iran, Denmark to Increase Technical, Engineering Cooperation

Iran and Denmark are determined to increase their cooperation in technical and engineering fields, specially in the mining sector.

Iran would export gasoline next year

An official has said Iran would export gasoline beginning next year with operation of the news oil refinery.

Rouhani: government committed to curb inflation

Iran’s Hassan Rouhani is in Khorramabad visiting the general public; says government is committed to curb inflation.

Iran top holder of worldˈs natural gas reserves: BP

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.

Official: Isfahan Refinery to Produce Euro-4 Gasoline

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.

Iran among the safest countries for investment

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

Azerbaijan Planning to Promote IT Cooperation with Iran

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).

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

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

Turkey extends contract to import Iran oil: Official

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

Iran, Russia Mulling $10bln Deal in Power Sector

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

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

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.

‘South Pars to be completed by 2017’

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

Iran ready to supply Europe with natural gas: Official

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.

Iran-Russia propose to establish joint financial firm

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

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

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

32 countries attending Iran Oil Show 2014

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.

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

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.

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