January 10, 2019

TPO to dispatch trade delegation to Japan in early March

TEHRAN- Iran’s Trade and Promotion Organization (TPO) plans to dispatch a trade and marketing delegation to Japan in early March.
January 10, 2019

Turkey resumes oil import from Iran

TEHRAN- Turkey has resumed imports of Iranian crude oil under the U.S. sanctions waiver, according to the trading and shipping sources.
January 10, 2019

‘Banking system reformations on CBI agenda’

TEHRAN- “The plan on amending domestic banking system is being investigated comprehensively and will become operational after getting prepared,” the governor of the Central Bank of Iran (CBI) announced in social media.
January 10, 2019

India begins paying Iran for oil in rupees: official

TEHRAN- India has begun paying Iran for oil in rupees, Reuters reported quoting an Indian senior bank official as saying on Tuesday.
January 10, 2019

Iran Drought: Lawmakers Fight over Water Share

By Ehsan Bodaghi for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iran Drought turns Political as Lawmakers Fight over Water Share Eighteen lawmakers representing constituencies from the central Iranian province of Esfahan, where water scarcity has reached an alarming state, have […]
January 9, 2019

Persian Gulf Star Refinery’s 3rd phase comes on stream

TEHRAN- The third phase of Persian Gulf Star Refinery (PGSR), in south of Iran, was put into operation on Wednesday, IRNA reported.
January 9, 2019

NPC Endorses Protectionism: Official

An official with the National Petrochemical Company (NPC) said the company was keen on facilitating supply of petrochemical items and equipment from domestic manufacturers. According to the company, Ghodratollah Farajpour, the director of production control at NPC, said plans were devised by NPC to maximize provision of items and equipment from domestic manufacturers in the […]
January 8, 2019

Steel projects worth $500m to become operational by March 20: official

TEHRAN- Steel projects valued at $500 million will be put into operation in the country by the end of current Iranian calendar year (March 20, 2019), Iranian deputy industry, mining and trade minister announced.
January 8, 2019

10th cement industry expo inaugurated

TEHRAN- The 10 edition of the Cement Industry Exhibition of Iran was inaugurated in the presence of Iranian deputy industry minister at Tehran’s Goftegoo Park on Tuesday, IRNA reported.
January 8, 2019

India starts commercial activity at Chabahar Port

TEHRAN- India has started its commercial activities in Iran’s southeastern port of Chabahar, the Indian government said on Monday, Economic Times reported.
January 8, 2019

Currency reconversion not a turning point in economic reformation

One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to sh...
January 8, 2019

BPCL of India to buy Iranian oil in Feb. after 3-month gap: sources

State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with the nation’s overall purchases from Tehran remaining at 9 million barrels, three industry sources said.
January 8, 2019

Iran, India commerce chambers ink trade co-op MOU

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Indian Chamber of Commerce (ICC) signed a memorandum of understanding (MOU) on Tuesday for expansion of trade and economic ties, IRNA reported.
January 8, 2019

RIPI Joins Refinery Project in Qeshm

The Research Institute of Petroleum Industry (RIPI) has signed an agreement with a private company to join a refinery project in Qeshm Free Trade Zone. The deal is aimed at cooperating in investing, designing, constructing and commissioning an oil refinery in Qeshm Free Trade Zone. The agreement was signed on Saturday based on which RIPI […]
January 7, 2019

Iran’s 1st national steel conference, exhibition kicks off

TEHRAN – Iran’s first national conference and exhibition of steel and related industries kicked off on Monday at Milad Tower in Tehran.
January 7, 2019

Tehran hosting intl. auto show

TEHRAN- The 3rd edition of Tehran International Exhibition of Automobile and Related Industries (Tehran Auto Show) became operational at Shahr-e-Aftab International Exhibition Center on Monday, IRIB reported.
January 7, 2019

Australia resolved to develop trade, industrial ties with Iran: envoy

TEHRAN- Australian Ambassador to Tehran Ian Biggs announced his country’s decision to expand industrial and trade ties with Iran, the official portal of Iran's Industrial Development and Renovation Organization (IDRO) reported on Monday.
January 7, 2019

International bourse in free zones under discussion

In an interview conducted by IRNA on Monday, the Secretary of Iran’s Free Zones High Council Morteza Bank announced that the council has submitted the draft bill on establishment of international bourse in the country’s free zones to the economic commi...
January 7, 2019

Daily gasoline output at 105m liters

TEHRAN- The daily production of gasoline in Iran stands at 105 million liters, Nasser Ashouri, the secretary general of Iran’s Oil Refining Industry Contractors Association (ORICA), announced in a press conference on Monday.
January 7, 2019

Iran, India to Start Banking Exchange in Coming Days

India’s Ambassador to Iran Saurabh Kumar said the two countries are set to begin banking transactions in coming days as New Delhi has agreed to grant tax exemption to banks trading with Tehran. During a meeting in Tehran on Monday evening, Kumar and Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati exchanged views […]