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’s minister of roads and urban development says his visit to Qatar will focus on negotiations to launch regular shipping lines between port cities of the two countries and an agreement to allow Qatar Airways better access to Iran’s airspace.
OPEC+ will work to integrate Tehran into its oil supply-limiting accord if an agreement is made in the Vienna talks over reviving the Iran nuclear deal, sources close to the group says.
The Iranian Petroleum Ministry has dismissed rumors of China’s military deployment to Iran to protect its energy projects there, saying such claims could be a reaction to Tehran’s gains from enhanced economic ties with Beijing.
Oil prices extended losses on Friday, heading for a weekly fall, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible supply disruption arising from a Russian invasion of Ukraine.
An informed source in Iran’s Oil Ministry says Iraq and Qatar are going to discuss bilateral cooperation in gas swap, adoption of a common position in world markets and formation of a joint South Pars study working group.
The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.
Iranian daily Jomhouri Eslami - Islamic Republic – has strongly criticized the government’s handling of the economic situation in the country, saying the pressure people are facing to provide for their livelihoods “has broken their backs”.
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh says an expert delegation from the Islamic Republic of Iran consisting of banking and oil experts held talks in Seoul with South Korean officials and companies over ways of resuming exports of Iranian oil and gas condensate to the Southeast Asian country.
An Iranian university professor and economic expert says Iran will not be able to benefit from the Ukraine crisis to increase its gas exports and that the Russians will not easily allow Iran to enter Europe’s gas market.
A member of the board of directors of the Iran-Iraq Joint Chamber has said in the first 10 months of this year, $7.280 billion worth of goods were exported to Iraq.
Tehran and Seoul have held working-level consultations to discuss ways to resolve years-long disputes over Iran's funds frozen in South Korea under the U.S. sanctions, South Korea’s foreign ministry announced Wednesday.
OPEC’s latest report shows Iran's crude production last year increased 21% compared with 2020 despite stringent sanctions imposed and strictly enforced by the United States.
Iranian knowledge-based companies have managed to unlock the software managing pressure of natural gas at Nar and Kangan gas field in the south of the country, raising the production level.
Iran’s petroleum minister says the country is working to promote its oil refineries in terms of both quality and quantity in an effort to decrease the volume of exports in the form crude oil.
A study finds that Tehran was the “most unsafe” province in Iran for investment in the past spring, whereas West Azarbaijan Province in the northeast has been classified as the best spot for that purpose.
If Iran lifts a car import ban and foreign products worth $500 million are allowed to be imported with a tariff rate of 86%, the government will make 98,000 billion rials in revenue.
A report by the Iranian parliament’s center for research show capital inventory will be in the negative zone this Iranian calendar year to March 2022 for the third consecutive year.
