December 31, 2017

Iran to Improve Efficiency of Power Plants

An Iranian official unveiled plans for an increase in the efficiency of the country’s power plants under a grand development initiative, saying the Energy Ministry has entered business negotiations with domestic and international investors to that end. In an interview with the Tasnim News Agency, Deputy Energy Minister for Power and Energy Affairs Hooshang Falahatian […]
December 31, 2017

Iran exports Steel Rebar to Iraq

Iran’s South Rouhina Steel Complex has reportedly sent 500 tons of rebar to Iraq. The Iranian trade attaché to Iraq, Naser Behzad, is quoted by IRNA as saying that the consignment was worth $250,000. ‘Exports to Iran have paved the way for sending standard goods,’ he said. South Rouhina Steel Complex has the capacity to […]
December 31, 2017

Conglomerate output up 26% in 8 months on year

TEHRAN – Iran’s conglomerate production increased by 26 percent in the first eight months of the current Iranian calendar year (March 21-November 21) compared to last year’s same time span, IRNA reported on Saturday.
December 31, 2017

Conglomerate output up 26% in 8 months on year

TEHRAN – Iran’s conglomerate production increased by 26 percent in the first eight months of the current Iranian calendar year (March 21-November 21) compared to last year’s same time span, IRNA reported on Saturday.
December 31, 2017

Iranian light oil price rises 13 cents in a week

TEHRAN- Iran’s light crude oil price rose 13 cents in the week ended on December 22 to settle at $63.36 per barrel, Shana reported on Saturday.
December 31, 2017

Iranian light oil price rises 13 cents in a week

TEHRAN- Iran’s light crude oil price rose 13 cents in the week ended on December 22 to settle at $63.36 per barrel, Shana reported on Saturday.
December 31, 2017

Mass Pro-Govt Rallies in Iran after Protests

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Tens of thousands of regime supporters marched in cities across Iran on Saturday in a show of strength for the regime after two days of angry protests directed against the country’s religious rulers. […]
December 31, 2017

Video: Anti-Govt Protests in Iran enter Third Day

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. There have been more clashes in Iran on the third day of protests over rising food and fuel prices. Tens of thousands are expressing their anger over mounting economic problems. It’s a dispute […]
December 30, 2017

Over $25b needed to reach 55mt annual steel output: minister

TEHRAN – Iran’s Industry, Mining and Trade Minister Mohammad Shariatmadari said over $25.6 billion is needed to reach the country's 55 million-ton steel capacity envisaged in Iran’s 1404 (March 2025-March 2026) Outlook Plan.
December 30, 2017

Over $25b needed to reach 55mt annual steel output: minister

TEHRAN – Iran’s Industry, Mining and Trade Minister Mohammad Shariatmadari said over $25.6 billion is needed to reach the country's 55 million-ton steel capacity envisaged in Iran’s 1404 (March 2025-March 2026) Outlook Plan.
December 30, 2017

Iran Air receives 2 ATR airplanes

TEHRAN- Iran’s national flag-carrier Iran Air received two of its ordered twin-engine turboprop purchased from the European plane maker ATR on Saturday, IRNA reported.
December 30, 2017

Iran Air receives 2 ATR airplanes

TEHRAN- Iran’s national flag-carrier Iran Air received two of its ordered twin-engine turboprop purchased from the European plane maker ATR on Saturday, IRNA reported.
December 30, 2017

Inexpert views

These days there are plenty of unprofessional and populist remarks against a plan by the government to increase petrol and diesel prices for the next fiscal year, which starts on March 21, 2018.
December 30, 2017

Inexpert views

These days there are plenty of unprofessional and populist remarks against a plan by the government to increase petrol and diesel prices for the next fiscal year, which starts on March 21, 2018.
December 30, 2017

Industry Ministry attracts $2bn FDI in 100 Days

Iran’s Industry Ministry Attracts $2bln in Foreign Investment in 100 Days: Minister Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said his ministry has managed to attract $2 billion in foreign investment (FDI) during the 100 days since the 12th administration came into office. In remarks released on Saturday, Shariatmadari hailed the growing trend […]
December 30, 2017

TATNEFT Presents Result of Studies on Iran Field to NISOC

Russia’s oil giant Tatneft has submitted the result of its studies on Iran’s Shadegan oilfield to the National Iranian South Oil Company (NISOC). The two majors signed a memorandum of understanding (MoU) for developing the field in March. Besides Tatneft, NISOC has signed similar documents with other companies for developing the field. The Shadegan oil […]
December 30, 2017

Soil Degradation Neglected Crisis in Iran

By Maysam Bizaer, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Soil and water are natural resources pivotal to the survival of any country. They constitute the key elements of agriculture, which no one doubts is important. Experts say that soil is even more important than […]
December 30, 2017

Sinopec Engineering inks $1.05b refinery upgrading deal in Iran

TEHRAN – China’s Sinopec Engineering (Group) Co., signed a deal with National Iranian Oil Engineering and Construction Company (NIOEC) to contribute to engineering, procurement and construction of phase II of Abadan refinery upgrading project in Iran.
December 30, 2017

Sinopec Engineering inks $1.05b refinery upgrading deal in Iran

TEHRAN – China’s Sinopec Engineering (Group) Co., signed a deal with National Iranian Oil Engineering and Construction Company (NIOEC) to contribute to engineering, procurement and construction of phase II of Abadan refinery upgrading project in Iran.
December 30, 2017

Indonesia’s Pertamina eyeing Iran’s Mansouri oil field development

TEHRAN - Indonesia's state-owned Pertamina is eyeing contribution to the development of Iran’s Mansouri oil field in April next year, Platts reported quoting the company’s Upstream Director Syamsu Alam.