December 20, 2017

Iran, Czech Republic agree to bolster mutual investment

TEHRAN – Iran and Czech Republic signed an agreement to encourage and support mutual investment.
December 19, 2017

Petchem exports at over $7b in 8 months

TEHRAN- Iran exported 14.46 million tons of petrochemical products worth $7.397 billion during the first eight months of the current Iranian calendar year (March 21-November 21), Shana reported.
December 19, 2017

Private sector to invest about $2.4b in ports

TEHRAN – Iran’s private sector has signed 13 Memorandums of understanding (MOUs) to invest 100 trillion rials (about $2.39 billion) in the country’s northern and southern ports.
December 19, 2017

Iran to Build 9,000km High Pressure Gas Pipelines

Iran has planned to lay 9,000 kilometers of high pressure gas transmission pipelines by 2025, an Iranian gas official said. Speaking to reporters Sunday evening, Saeid Tavakoli, managing director of Iranian Gas Transmission Company (IGTC), said once the pipelines are laid, Iran’s high pressure gas transmission pipelines will reach 45,000 kilometers from currently 36,000 kilometers. […]
December 19, 2017

US “Mulling Plan to Block Boeing, Airbus’s Sales to Iran”

The Trump administration is devising a new scheme to block planned sales by Boeing and Airbus to Iran, a US source said. A State Department official, who asked not to be identified, said the administration would not issue export licenses for sales to Iran “unless they are convinced the aircraft will only be used for […]
December 19, 2017

NITC awarded EU MRV Monitoring Certificate

The National Iranian Tanker Company (NITC) has been certified by EU’s MRV Monitoring Plan for taking effective environmental measures including monitoring and reporting of its fleet’s CO2 emission, an NITC official said. The company’s technical director and head of the fleet operations, Akbar Jebel Ameli, said NITC won the certificate for properly controlling and reporting […]
December 19, 2017

Oil Minister moves to Forge New Regional Partnerships

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ahead of the Organization of the Petroleum Exporting Countries’ (OPEC) ministerial meeting in Vienna Nov. 30-Dec. 1, Iranian Oil Minister Bijan Namdar Zanganeh expressed hope that production cuts that were agreed to last […]
December 19, 2017

EU Foreign Policy Chief reveals Iran Deal ‘Secret’

In order to sell the nuclear deal to domestic constituencies and the world, Iran and the P5+1 countries overpromised the benefits of the deal. But, despite public denials by those officials that the nuclear deal would lead to further negotiations over significant geopolitical issues, it did not stop a myriad of analysts and deal skeptics […]
December 19, 2017

Tax income at $12.6b in 7 months

TEHRAN - Iran gained some 526.4 trillion rials (about $12.63 billion) in tax income during the first seven months of the current Iranian calendar year (ended on October 22, 2017), Tasnim news agency reported.
December 19, 2017

4.2% GDP growth forecasted for Iran: IMF staff report

TEHRAN- Following holding discussions on December 2–13 on the 2017 Article IV Consultation with Iran, Catriona Purfield, the head of International Monetary Fund (IMF) delegation to Iran, predicted that the country’s real gross domestic product (GDP) gr...
December 19, 2017

Iran’s first FLNG deal with Norway on hold

TEHRAN – Iranian parliament’s energy committee has put the country’s FLNG deal with Norwegian Hemla Vantage on hold due to some issues regarding the contract terms, ISNA reported on Monday.
December 18, 2017

Russia’s Exiar to fund €3b rail project with Iran

TEHRAN- Russian Agency for Export Credit and Investment Insurance, known as Exiar, signed a memorandum of understanding (MOU) with the Islamic Republic of Iran Railways, known as RAI, to provide €3 billion finance on the joint manufacturing of railway ...
December 18, 2017

Total’s activities in South Pars project on track: POGC

TEHRAN - Managing director of Pars Oil and Gas Company (POGC), which is in charge of developing Iran’s giant South Pars gas field, said Total is completely following its commitment regarding its deal with Iran and the company’s activities are on schedu...
December 18, 2017

Foreign investors’ presence increasing in Iranian capital market: SEO head

TEHRAN- Presence of foreign investors has been increasing in Iran’s capital market especially after the implementation of Iran’s nuclear deal in January 2016, Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi told the Tehran T...
December 18, 2017

IMF sees 4.2% Growth, Urges Financial Sector Reform

IMF Staff Completes 2017 Article IV Mission to Islamic Republic of Iran Real GDP growth is forecast to reach 4.2 percent in 2017/18. Iran is urged to advance financial sector reform. The IMF welcomes the reform of the universal cash transfer system to target income support to the poor in the proposed 2018/19 budget. An […]
December 18, 2017

CNPC may take over South Pars if Total Pulls Out

The China National Petroleum Company (CNPC) plans to take over Total’s stake in Iran’s South Pars gas field if the French energy giant fails to stick to its contract with Tehran due to new US sanctions, a report said. CNPC officials have held internal talks in recent weeks to discuss the implications of taking control, […]
December 18, 2017

RIPI signs Gas Deal with French Partner

The Research Center of Petroleum Industry (RIPI) has signed a deal with France’s Beicip-Franlab for bolstering cooperation in holding studies on Iran’s Homa gas field. From RIPI, Touraj Behrouz, head of the faculty of reservoir studies and developing fields, signed the contract. He said RIPI has signed the contract with the French partner for carrying […]
December 18, 2017

Iran moves to Tax its Frequent Travelers

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A threefold increase in the departure tax proposed by the government has prompted outrage among many Iranians. The proposed hike is part of the administration’s new budget plan for the upcoming fiscal year, starting […]
December 18, 2017

Iran may Entrust Maersk with SPOL Development: CEO

The managing director of Pars Oil and Gas Company (POGC) said his company is planning to sign a deal with Denmark’s Maersk for developing South Pars gas field’s oil layer (SPOL). Addressing a press conference on Monday, Mohammad Meshkinfam said several companies are in talks with POGC for developing SPOL but the talks with Maersk […]
December 18, 2017

Tehran’s Public Transport Service Becomes WiFi Friendly

Tehran’s new public transport bus service will be equipped with WiFi and a digital library. Previously a number of yellow taxi companies in Iran started offering mobile WiFi services to their passengers. 

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