January 17, 2019

Over $16b of tax revenues earned in 9 months

TEHRAN- Iran’s tax incomes during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) stood at 680 trillion rials (about $16.19 billion), Head of Iran's National Tax Administration (INTA) Seyed Kamel Taqavi-Nejad ann...
January 17, 2019

Over $924m of state-owned shares divested since last March

TEHRAN- Iranian Privatization Organization (IPO) has offered 38.826 trillion rials (about $924.4 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRNA reported.
January 16, 2019

Getting around sanctions with crypto-rial

In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of money laundering and financing risks.
January 16, 2019

40 new CNG stations to go operational next month

TEHRAN- National Iranian Oil Products Distribution Company (NIOPDC) will put 40 new compressed natural gas (CNG) filling stations into operation throughout the country during the Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islam...
January 16, 2019

Switzerland to host next joint economic committee meeting with Iran: envoy

TEHRAN – Swiss government is planning to host the next Iran-Switzerland Joint Economic Committee meeting, the portal of Iran’s Trade Promotion Organization (TPO) quoted the Swiss ambassador to Tehran as saying.
January 16, 2019

New petrochemical projects to go operational by yearend

TEHRAN – Two new petrochemical projects will start operating by the end of the current Iranian calendar year (March 22), IRIB reported on Wednesday quoting an official at NPC.
January 16, 2019

Renewables capacity up 96% in 9 months on year

TEHRAN- The capacity of generating electricity from renewable sources in Iran has increase 96 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) from the same time span in the past year, IRIB reported...
January 16, 2019

Kish Gas Field Development Awarded to POGC

The CEO of Pars Oil and Gas Company (POGC) has said his company was officially awarded development project of Kish Gas Field. According to POGC, Mohammad Meshkinfam said that the project was aimed at production of 85 mcm/d of natural gas from the field. The field, located 30 kilometers off the eastern coast of Lavan Island, […]
January 15, 2019

Japan banks set to resume Iran oil transactions after regulatory clearance

Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month, sources with direct knowledge of the matter told S&P Global ...
January 15, 2019

Aluminum ingot production exceeds 228,300 tons in 9 months

TEHRAN- Three major aluminum ingot producers in Iran produced 228,314 tons of ingots during the first nine months of the current Iranian calendar year (March 21- December 21, 2018), IRNA reported.
January 15, 2019

Private sector seeking imports not relying on NIMA

TEHRAN- Regrading the urgent need of producers for the raw materials and also for machineries, setting up a mechanism for imports of such goods not relying on receiving foreign currency through NIMA is now seen more necessary, head of Tehran Chamber of...
January 15, 2019

Transit of goods via Iran increases 4% in 9 months on year

TEHRAN- Transit of commodities via Iran rose four percent during the nine-month period from March 21 to December 21, 2018 from the same period of time in its previous year, Reza Nafisi, director general of Transit and International Transportation Depar...
January 15, 2019

Chinese investment in Abadan Refinery at $2b

TEHRAN - Alireza Sadeq-Abadi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC) said China has already made some $2 billion of investment in the development project of Abadan Refinery in southwest of Iran.
January 15, 2019

Development of Kish Gas Field awarded to POGC

TEHRAN- Development of Kish Gas Field was awarded to Pars Oil and Gas company (POGC), Mohammad Meshkinfam, the company’s managing director, announced.
January 15, 2019

Iraqi Kurdistan calls for expansion of economic ties with Iran

TEHRAN – Iraqi Kurdistan’s senior officials called for expansion of trade ties with Iran during an Iran-Kurdistan business forum which was held on Tuesday in Erbil, IRNA reported.
January 15, 2019

Development Fund to Get 20% of Iran’s Oil Money

Members the parliamentary select committee to study budget law signed off on a measure which determines the share of the National Development Fund of Iran (NDFI) from all oil export revenues at 20 percent in their latest open session on Sunday. According to ICANA, Mohammad Mahdi Mofatteh, spokesperson of the committee, said that during deliberation on […]
January 15, 2019

Iranian Amb to UK summoned over Zaghari-Ratcliffe

The British foreign secretary, Jeremy Hunt, has summoned the Iranian ambassador, Hamid Baeidinejad, to demand that Nazanin Zaghari-Ratcliffe (pictured), the British-Iranian woman held by Tehran, is given proper medical treatment. The dual national, who was sentenced to five years in prison for espionage, has started a hunger strike after her interrogators tried to persuade her […]
January 15, 2019

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Health Program Manager, Relief International Programme Associate, UNDP – United Nations Development Programme National Professional Officer, WHO – World Health Organization ICLA Assistant (CVAT), Norwegian Refugee Council (NRC) HR & Admin Manager, Norwegian Refugee Council (NRC) HR and Administration Officer, Norwegian Refugee Council (NRC) […]
January 14, 2019

S. Korea to receive Iranian condensate cargoes in Jan. after 4-month gap

A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday.
January 14, 2019

Export guarantee issuance up 62% in 9 months on year

TEHRAN – The issuance of export guarantees in the country increased by 62 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) compared to the figure for last year’s same period, IRIB reported on Monday...