March 17, 2018

30 mining projects launched, inaugurated by $3.3b of investments in a year

TEHRAN- Iranian Deputy Industry Minister Mehdi Karbasian announced that during the ending Iranian calendar year (ends on March 20) 30 mining and related industries projects utilizing $3.3 billion of investments have been started or put into operation, ...
March 17, 2018

30 mining projects launched, inaugurated by $3.3b of investments in a year

TEHRAN- Iranian Deputy Industry Minister Mehdi Karbasian announced that during the ending Iranian calendar year (ends on March 20) 30 mining and related industries projects utilizing $3.3 billion of investments have been started or put into operation, ...
March 17, 2018

Iran says IS Resurgence could Hamper Iraq Oil Deal

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. The Islamic State (IS) appears to be staging a comeback in parts of Iraq, which could endanger the country’s oil deal with Iran. Hamid Hosseini, the Iranian secretary-general of […]
March 17, 2018

Tehran-Ashgabat Business Forum slated for Late March

Iran and Turkmenistan are planned to hold a joint business forum in Ashgabat in late March, a report said. According to the report carried by the official website of Iran Chamber of Commerce, Industries, Mines and Agriculture, Iranian and Turkmen traders will participate in the joint forum. It will be held concurrent with Iranian President […]
March 17, 2018

Iran’s Agriculture Minister Survives Impeachment Vote

Iranian Agriculture Minister Mahmoud Hojjati on Wednesday joined his two comrades to survive a vote of no-confidence in the parliament. The agriculture minister was the third cabinet member to survive a no-confidence vote in the past two days. The agriculture minister took the podium in an open session of the parliament on Wednesday morning to […]
March 16, 2018

Russian company to develop 2 Iranian oilfields

TEHRAN- Iran and Russia inked a deal on Wednesday to develop Aban and Paydar-e Gharb oilfields in west of Iran, Shana news agency reported.
March 16, 2018

Russian company to develop 2 Iranian oilfields

TEHRAN- Iran and Russia inked a deal on Wednesday to develop Aban and Paydar-e Gharb oilfields in west of Iran, Shana news agency reported.
March 16, 2018

Iran’s oil output stands at 3.813m bpd in February: OPEC

TEHRAN- According to OPEC’s latest monthly report published on March 14, Iran’s oil production, based on secondary sources, stood at 3.813 million barrels per day (bpd) in February, down 4,400 bpd from that of January.
March 16, 2018

Iran’s oil output stands at 3.813m bpd in February: OPEC

TEHRAN- According to OPEC’s latest monthly report published on March 14, Iran’s oil production, based on secondary sources, stood at 3.813 million barrels per day (bpd) in February, down 4,400 bpd from that of January.
March 16, 2018

OPEC unlikely to change output deal in 2018: Zanganeh

TEHRAN-  Iran’s Oil Minister Bijan Namdar Zanganeh said OPEC is unlikely to change its decision on production cut in this year, Shana news agency reported.
March 16, 2018

OPEC unlikely to change output deal in 2018: Zanganeh

TEHRAN-  Iran’s Oil Minister Bijan Namdar Zanganeh said OPEC is unlikely to change its decision on production cut in this year, Shana news agency reported.
March 16, 2018

Russian Firm to Invest $740m in Iranian Oil Fields

Russia’s state-controlled Zarubezhneft signed an agreement in Tehran on Wednesday to re-develop two oil fields in western Iran. It was the second post-sanctions oil contract awarded to Russia by Iran. Based on the agreement, the Russian firm would re-develop Aban and West Paydar oil fields. Both fields are located in areas bordering Iraq and are […]
March 16, 2018

Tillerson departure Threatens Iran Nuclear Deal

By John Lee. US President Donald Trump’s firing of Secretary of State Rex Tillerson may hasten the demise of the Iran nuclear deal, the Joint Comprehensive Plan of Action (JCPOA). Tillerson’s replacement, CIA chief Mike Pompeo, has expressed hawkish views on Iran and the nuclear deal. Trump delivered an ultimatum to European powers in January, […]
March 16, 2018

Apple blocks App Store in Iran

By John Lee. Apple iPhone users in Iran are no longer able to access the App Store, according to media reports. The Verge reports that while the company doesn’t sell devices or operate the App Store in Iran, Iranians were able to import Apple products from other counties and set them up to access portions […]
March 16, 2018

Gas Executive becomes UK Ambassador to Iran

Mr Rob Macaire CMG has been appointed as the UK’s Ambassador to the Islamic Republic of Iran in succession to Mr Nicholas Hopton, who will be transferring to another Diplomatic Service appointment. Mr Macaire will take up his appointment in April 2018. Mr Macaire rejoins the diplomatic service following five years as Director of Government/Public […]
March 16, 2018

Iran, Serbia resume Direct Flights after 27 Years

After a gap of 27 years, direct flights between Iran and Serbia resumed Saturday, when an IranAir jet touched down at Belgrade’s Nikola Tesla airport, Serbian media reported. IranAir is offering a direct service between Tehran and Belgrade twice weekly, with all flights fully booked until the end of the summer, the reports said, according […]
March 16, 2018

IKCO to supply Nigerian Taxi Fleet

Iran Khodro (IKCO) is to sell 310 IKCO Samand and Peugeot 405 cars to supply Nigerian taxi fleet. “Since Nigeria is developing economically, IKCO can win a good share of its car market by dispatching its products to this country,” said Hassan Golchubian, IKCO Export Director for the Middle East and Africa. Given the fact […]
March 16, 2018

Poorest Citizens still waiting for some semblance of Parity

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s poorest citizens still waiting for some semblance of parity after 39 years When the 1979 Islamic Revolution in Iran took place, its overriding objective was social justice achieved through helping the poor and ensuring political freedom. However, after almost […]
March 15, 2018

Iran “Likely to Join EEU in May”

The Eurasian Economic Union (EEU) could welcome Iran as a new member in May, Russia’s Energy Minister Alexander Novak said. “The move to enter into a temporary agreement making for a free trade zone to be set up between Iran and the Eurasian Economic Union, which is currently at an advanced stage, will obviously trigger […]
March 15, 2018

Tehran, Moscow finalize Energy Cooperation MOU

The Memorandum of Understanding of the 14th Commission for Trade and Economic Cooperation of the Islamic Republic of Iran and the Russian Federation in the Oil and Gas Industries was set up in 38 articles. In the memorandum, the parties, while supporting the talks and agreements reached between the relevant ministries of the two countries, […]