November 11, 2017

Officials Discuss Closer Iran-Oman Trade

Authorities from Iran and Oman in a meeting in Muscat explored avenues for stronger trade links between the two neighbors. Heading an economic delegation, Iranian Deputy Foreign Minister Morteza Sarmadi held a meeting with Oman’s Minister of Commerce and Industry Ali bin Masoud Al Sunaidi in Muscat to discuss the ways for economic cooperation and […]
November 10, 2017

Iran’s mining sector projected to attract $50b by 2025

TEHRAN - Iran plans to attract $50 billion of investments in its mining sector by 2025, head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said.
November 10, 2017

Iran-U.S. trade at $140m in 9 months

TEHRAN - Trade between Iran and the U.S. stood at $140 million from January to September 2017, according to the latest report released by American Statistical Association (ASA).
November 10, 2017

NIOC, Pertamina to discuss renewing LPG contract

TEHRAN – The National Iranian Oil Company (NIOC) is due to discuss the renewal of its LPG export contract with Indonesia’s state-run Pertamina next week, Platts reported quoting a source familiar with the matter.
November 10, 2017

Iran, Iraq Assess Drilling Cooperation in Oil Projects

A delegation of senior executives from Iraq‘s National Oil Company visited senior officials with the National Iranian Drilling Company (NIDC) to discuss cooperation in drilling projects in Iraq. Cooperation and facilitation of NIDC’s presence in Iraqi projects were discussed during the Monday meeting of the two companies. A high-profile delegation from Iraq comprising executives of […]
November 10, 2017

Officials Discuss Ways to Broaden Iran-Syria Trade

Top Iranian adviser Ali Akbar Velayati and Syria’s Prime Minister Imad Khamis in a meeting in Damascus discussed ways to enhance economic cooperation between the two allies. In the meeting on Monday, the Syrian prime minister said Damascus tries to remove obstacles to the implementation of the agreements it has signed with Tehran. Syria welcomes […]
November 10, 2017

How Iran can address its Informal Economy

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. All countries face the phenomenon of an “informal economy.” Focusing on the definition of that term — which means all economic activities that are not covered or are insufficiently covered by formal arrangements, not […]
November 10, 2017

Video: EU warns of ‘Dangerous’ Mid-East Escalation

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Europe’s top diplomat Federica Mogherini warns that the mounting tension between Saudi Arabia, Iran and their respective allies and proxies is “extremely dangerous,” which the European Union views as “proof” of the need of […]
November 9, 2017

Exports of foodstuffs up 12% in 6 months yr/yr

TEHRAN- Iran’s exports of foodstuffs during the first half of the present Iranian calendar year (March 21- September 22, 2017) increased 12 percent in comparison with the same period in the year preceding, IRNA quoted the board chairman of Food Produce...
November 9, 2017

17 Problems with Local Data Centers in Iran

Developing a stable infrastructure network in Iran is part of the country’s project for the National Information Network (NIN). Although the government has given more attention to this project in the recent years, there are still many problems facing this sector including not having sufficient high-standard data centers in the country. 

The post 17 Problems with Local Data Centers in Iran appeared first on TechRasa.

November 9, 2017

Iran Plans $3bn Investment to Develop 10 Oil Reserves

The National Iranian South Oil Company (NISOC) is planning a $3 billion investment for developing 10 oil reserves in the country within the next two years. An NISOC official, Abdollah Mousavi, said the company will dip into the National Development Fund of Iran for funding the projects. Addressing the closing ceremony of an exhibition on […]
November 9, 2017

Major Power Projects in Khuzestan Province

Iran plans to start the construction phase of five major power plant projects in the country’s southwestern province of Khuzesan this Iranian year (ends on March 20, 2018), Energy Minister Reza Ardakanian said. Speaking to IRIB, the energy minister said that these projects would produce 3,600 megawatts (MW) of energy. At present, the province enjoys […]
November 9, 2017

Iran’s Exports to Turkey Grow by 75%

The value of trade exchange between Iran and Turkey in the first nine months of this year has risen by 14 percent compared to the corresponding period last year, figures released by the Turkish government said. According to the Turkish Statistical Institute, a large increase in the value of imports from Iran in the first […]
November 9, 2017

New Plant Raises Ceiling on Iran’s Power Output

The launch of a new power plant south of Iran increased the country’s capacity of electricity generation by 160 megawatts (MW). The first unit of Samangan Combined Cycle Power Plant in Iran’s southern province of Kerman has come into operation, raising the overall capacity of electricity generation to 77,446 MW. In a combined cycle power […]
November 9, 2017

Iran Resolved to Establish Railroad Link with Iraq

The Iranian president’s chief of staff voiced the administration’s determination to construct a railroad linking Iran to the Iraqi city of Basra, saying the project would give a major boost to the transportation industry in the region. Speaking to reporters in the southwestern city of Khorramshahr on Friday, Mahmoud Vaezi said various related bodies, including […]
November 8, 2017

Iran increases Dec. oil prices for Northwest Europe, Mediterranean, Sidi Kerir

TEHRAN- Iran boosted its crude oil prices for Northwest Europe, the Mediterranean, and Sidi Kerir in December, a source with knowledge of the matter said on Tuesday.
November 8, 2017

Iran’s heavy crude oil price exceed $60

TEHRAN – Iranian heavy crude oil price hit the record high $60.15 per barrel on Tuesday following the recent price surge in the oil market, IRNA reported.
November 7, 2017

Total to Conform to any US Sanctions on Iran: CEO

France’s Total has opened an office in Washington to coordinate its operations in Iran where the French oil and gas major plans to develop Phase 11 of the giant South Pars gas field. On Thursday, Total CEO Patrick Pouyanne stated that his company would comply with any sanctions on Iran. Iranian officials, he said, “know that […]
November 7, 2017

Baghdad may Export Kirkuk Oil to Iran

By John Lee. Iraq‘s State Oil Marketing Organization (SOMO) has reportedly confirmed that talks are ongoing between Baghdad and Tehran to export crude oil from Kirkuk to the Kermanshah refinery (pictured) in Iran. SOMO Director Alaa al-Mussawi is quoted as saying that trucks would initially supply 15,000 barrels of crude oil per day (bpd) to […]
November 7, 2017

Europe’s Efforts to Facilitate Banking Ties with Iran “Not Sufficient”

Iranian Deputy Foreign Minister for American and European Affairs Majid Takht Ravanchi said European countries have not made enough efforts to persuade their banks work with Iran. Addressing a conference in the French capital of Paris on Tuesday, Takht Ravanchi stressed the need for the European parties to the 2015 nuclear deal, known as the […]