February 3, 2018

Iran eyes 1.7 mbd Oil Output Capacity Increase

Iranian Minister of Petroleum Bijan Zangeneh Iran will increase its crude oil production capacity by at least 1.7 million barrels per day provided that its talks with foreign partners reach fruition. Speaking in a televised interview on Saturday night, the official said: “If the talks reach fruition, we will ramp up the country’s crude oil […]
February 2, 2018

Turkey’s imports from Iran rise 59% in 2017

TEHRAN- Increasing 59 percent, Iran’s exports to Turkey hit $7.49 billion in 2017, according to the latest report of Turkish Statistical Institute (TurkStat).
February 2, 2018

Iran holds 3b tons of Iron ore reserves: industry official

TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) put the country's iron ore reserves at 3 billion tons, IRIB news reported.
February 2, 2018

Iran inaugurates development projects worth over $2.2b

TEHRAN – Several development projects worth near 100 trillion rials (over $2.2 billion) were inaugurated during the trip of President Hassan Rouhani to Kerman Province in southeast of Iran on Thursday.
February 2, 2018

Iraq to start 60,000 bpd Oil Swap with Iran

By John Lee. Iraq says it plans to start oil exports to Iran from its northern Kirkuk oilfields next week, under the swap deal announced last month. Iraq will export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq. For the […]
February 2, 2018

More talks needed for Iran, Turkmenistan Gas Projects

The Turkmen ambassador to Tehran says Iran and Turkmenistan need to continue talks to solve technical matters concerning their joint gas projects. Chairman of Iran’s Parliament National Security and Foreign Policy Commission Alaeddin Boroujerdi met with Turkmenistan Ambassador to Iran Ahmad Ghorbanov in Tehran on Tuesday. “The relations between the two countries have always been […]
February 2, 2018

New App to Combat Domestic Violence in Iran

A young US-based Kurdish lawyer has created a smartphone application to help victims of domestic violence in Iran. Shadi Sharifi, born in the Kurdistan Province of Iran (known as Rojhelat among Kurds) created the app having met numerous victims of domestic violence when she practiced law in Iran. Toranj, available free for Android, makes it […]
February 1, 2018

VP: Foreign Financing in Iran Facilitated by JCPOA

The Joint Comprehensive Plan of Action (JCPOA) has eased Iran’s access to foreign financing for major projects in the country, First Vice-President Eshaq Jahangiri said, adding that agreements to receive $12 billion in foreign funds have been finalized. Addressing an economic meeting on foreign fund reserves on Monday, Jahangiri said the JCPOA, the nuclear agreement […]
February 1, 2018

Deal to Develop Mansouri Oilfield “by early March”

The Managing director of National Iranian Oil Company (NIOC) Ali Kardor said the contract for developing Iran’s Mansouri Oilfield will be finalized by early March, adding two companies have been selected for the project. According to the Iranian Parliament’s website, Kardor said one of the two companies will form a consortium with a domestic companies […]
February 1, 2018

Cabinet approves Paper Production Project

By John Lee. The Council of Ministers has agreed an investment by the Iranian Industrial Development and Renovation Organisation (IDRO) in paper production from calcium carbonate in the city of Kharameh. According to a statement from the Office of the Iranian President, the project, with a production capacity of 20,000 tonnes of calcium carbonate per year, […]
February 1, 2018

NIOC reviews Wintershall Oilfield Proposal

German energy company Wintershall has submitted its proposal for developing Iran’s Dehloran oilfield to the National Iranian Oil Company (NIOC), which is now studying the plan. The NIOC held a committee meeting of its advisors in reservoir management to consider the proposal on Monday, January 29, 2018. NIOC has said the German company plans to […]
February 1, 2018

Iran Lifts Ban on Rice Imports

By John Lee. Reuters hasd reported that Iran has lifted its ban on registration for imports of rice for five months. The Islamic Republic of Iran Customs Administration (IRICA) is quoted as saying “the registration for imports of rice is allowed from January 21 until June 21”. (Source: Reuters) (Picture credit: Tasnim, under Creative Commons […]
January 31, 2018

Iran’s exports to Qatar rise 126% in 9 months

TEHRAN- Iran’s exports to Qatar increased 126 percent during the first nine months of the present Iranian calendar Year (ending on December 21, 2017), IRIB news quoted an official from Trade Promotion Organization of Iran (TPO) on Wednesday.
January 31, 2018

Iranian parliament approves budget bill outlines

TEHRAN- After approving the outlines of the government’s proposed budget for the next Iranian calendar year (starting on March 21, 2018) Iranian Parliament (Majlis) started investigating the bill in detail on Wednesday, IRNA reported.
January 31, 2018

261 new projects to be inaugurated in industrial estates

TEHRAN – Some 261 new projects are planned to be inaugurated in industrial estates across the country on the occasion of Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), IRNA reported on Wednesday.
January 31, 2018

Over $1b to be allocated for joining rural areas to gas network

TEHRAN – Iranian parliament (Majlis) has approved a bill to allocate 50 trillion rials (about $1.1 billion) for expanding the country’s gas network to new rural areas, IRNA reported.
January 31, 2018

Iran plans to add 1GW solar, wind capacity to current 400MW in a year

TEHRAN – Iranian deputy energy minister put the country’s current solar and wind farms capacity at 400 megawatts (MW) saying that the figure will increase to 1.4 gigawatts (GW) in the next Iranian calendar year (March 2018-March 2019).
January 31, 2018

State-owned shares worth over $110m to be divested by late March

TEHRAN- Transfer of the state-run shares to the private sector during the two-month period ending on the last day of current Iranian calendar year (March 20, 2018) will reach 5 trillion rials (about $110.37 million), according to the head of Iranian Pr...
January 31, 2018

Sanchi complies with all DNV GL standards

TEHRAN- Kjell Olaisen, the director for technical support in Norway’s DNV GL (an international accredited registrar and classification society) said Iran’s Sanchi oil tanker, which sank on January 14, has complied with all standards of this society, Sh...
January 31, 2018

Chinese Direct Investment in Iran up 20%

By John Lee. The General Manager of the Iranian Investment Organization has said China’s direct investment in Iran has increased by 20 percent. Mohammad Khazaei told the Iran and China Investment and Business Opportunities Forum that Chinese companies have invested $2.3 billion in Iran since 2013. The Deputy Minister of Economic Affairs and Finance added […]