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.
December 30, 2017

Bid to be held on Jan. 8 for divesting $452m of state-owned shares

TERHRAN- Iranian Privatization Organization (IPO) is to transfer 19 trillion rials (about $452 million) worth of the state-run shares to the private sector on January 8, 2018, IRNA reported on Friday.
December 30, 2017

Iran ships over 1.36m bpd of oil to main Asian buyers in Nov., data shows

TEHRAN – Iran’s top four Asian buyers - China, India, South Korea and Japan - imported 1.362 million barrels per day (bpd) of Iranian crude oil in November, government and ship-tracking data showed.
December 29, 2017

Iran to increase rebar exports in 2018: sources

TEHRAN- Thanks to decrease in domestic demand, Iranian rebar exports will increase in 2018, Platts quoted Iranian industry sources.
December 29, 2017

First VP inaugurates major industrial projects

TEHRAN- Iranian First Vice-President Es’haq Jahangiri inaugurated major industrial projects in the northeastern province of Khorasan Razavi on Thursday, Shata news agency reported.
December 29, 2017

Factors slowing down privatization in Iran

The law on implementation of the general policies of the Article 44 of Iran's Constitution on privatizing state-owned companies was declared in 2006 in a bid to downsize the government and promote the private sector’s role in the national economy.
December 29, 2017

Zarubezhneft submits Study Result on Iran Oilfield to NISOC

Russia’s Zarubezhneft submitted the result of its studies on Iran’s Shadegan Oilfield to National Iranian South Oil Company (NISOC). Hamid Deris, the NISOC’s director for technical affairs, said his company has so far signed 5 memoranda of understanding (MoUs) with several companies for development of the field of which 3 have so far presented their […]
December 29, 2017

China keen to use Chabahr Port to access Pakistan

China Keen to Use Iran’s Chabahr Port to Transit Goods from Gwadar: Official Iran has received a request from China to establish a connection between Pakistan’s Gwadar port – which Chinese companies are developing – and Iran’s southeastern port of Chabahar, an official said. Abdolrahim Kordi, the managing director of Chabahar Free Trade Zone, was […]
December 29, 2017

Iran Eyes Turkish Investment in Oil, Gas Industry

Iran’s Parliament speaker voiced the country’s willingness to attract investment from Turkey in the oil and gas industry, saying economic activists from the neighboring state could also seize the opportunities available in Iran’s railroad and aviation sectors. In a meeting with his Turkish counterpart on the sidelines of a counterterrorism conference in Islamabad on Monday, […]
December 29, 2017

Iranian Women no longer face Jail for Dress Code Violations

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. One of the more notorious images that often comes out of Iran is that of chador-clad women with police armbands and male police officers rounding up loosely veiled, and often young, women into minivans to be […]
December 28, 2017

Turkmenistan to host exclusive expo of Iranian goods

TEHRAN – The 14th exclusive exhibition of Iranian goods and services is due to be held in Turkmenistan’s capital Ashgabat on March 1-3, 2018, the portal of Trade Promotion Organization of Iran (TPO) reported.
December 27, 2017

Total, Shell lease out Iranian oil tankers

TEHRAN- National Iranian Tanker Company (NITC) Managing Director Sirous Kianersi said that Total and Shell are among the international companies that have leased out Iranian oil tankers since the implementation of Joint Comprehensive Plan of Action (JC...
December 27, 2017

Blaze put out at Rag-Sefid oilfield

TEHRAN- Fire in the well No. 147 of Rag-Sefid offshore oilfield in Iran’s southwestern Khuzestan Province was put out at Tuesday’s night, Shana news agency reported.
December 27, 2017

Natural gas vs. electricity exports: question of profitability

Having abundant energy resources and a great number of power plants, Iran is one of the Middle East’s top energy suppliers which contributes to the region’s electricity supplements both directly through electricity exports and indirectly via exporting ...
December 27, 2017

Only 0.6% of Iranian Startups Are Targeting the International Market

A new study shows that only 0.6 percent of Iranian startups are targeting the international market. The study also indicates that e-commerce is the hottest startup sector in the country. 

The post Only 0.6% of Iranian Startups Are Targeting the International Market appeared first on TechRasa.

December 27, 2017

Budget bill allocates $18b for job creation: spokesman

TEHRAN – Government spokesman Mohammad Baqer Nobakht has said 750 trillion rials (over $18 billion) from the next year’s national budget is considered to be allocated for creating job opportunities in the country, IRNA reported.
December 27, 2017

Exports of handmade carpets jump 31% in 8 months

TEHRAN- Iran exported $270 million worth of hand-woven carpets during the first eight months of the current Iranian calendar year (March 21-November 21, 2017) registering a 31 percent rise compared to last year’s same period.
December 26, 2017

Inflation rate stands at 10% in Iran: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the ninth Iranian calendar month Azar (December 21) compared to the same period in the previous year hit 10 percent, IRIB news rep...
December 26, 2017

Russia’s Eximbank inks unlimited finance deal with Iran

TEHRAN – Eximbank of Russia signed a deal on Tuesday with four Iranian banks in order to provide them with unlimited funds to implement projects in Iran.
December 26, 2017

Government not determined on new car-import regulations

In late June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised.