October 22, 2017

Iranian, Turkish Central Banks Ink Currency Swap Deal

Governor of the Central Bank of Iran (CBI) Valiollah Seif and his Turkish counterpart, Murat Cetinkaya, signed an agreement, according to which the two countries can conduct trade transactions through using their national currencies. During a meeting between visiting Iranian First Vice-President Eshaq Jahangiri and Turkish Prime Minister Binali Yildirim in Ankara, Seif and Cetinkaya signed […]
October 21, 2017

Trade between Iran, Europe rises 75% in 8 months y/y

TEHRAN- Trade exchange between Iran and Europe increased 75 percent in the first eight month of 2017 from the same period last year, based on the latest figures released by the European Union’s statistics agency Eurostat.
October 21, 2017

Iran sets $100b non-oil export target

TEHRAN - First Vice-President Es’haq Jahangiri announced on Saturday that Iran’s annual non-oil exports currently stand at $47 billion and the country is hopeful that the figure will hit $100 billion per annum in the future, Tasnim news agency reported.
October 21, 2017

Iranian light oil price at $54.81 in a week

TEHRAN- Iran’s light crude oil price fell 50 cents in the week ended on October 13 to settle at $54.81 per barrel, Shana reported on Saturday.
October 21, 2017

Trump turns off Iran’s green light to U.S. firms

Adopting a harsh new approach last week, Trump struck a blow against the 2015 Iran nuclear agreement- known as the Joint Comprehensive Plan of Action (JCPOA).
October 21, 2017

TPO hosts Iran-Uzbekistan business forum in Tehran

TEHRAN- An Iran- Uzbekistan business forum was held at the Trade Promotion Organization (TPO)’s Morvarid Conference Hall in Tehran on Thursday, TPO portal reported.
October 21, 2017

Rosneft in talks with Iran to set up oil supply chain

TEHRAN - Rosneft is negotiating with Iran to set up a supply chain to deliver oil from Iran and Central Asia nations to the global markets, Igor Sechin, chief executive of Russia’s oil major, said on Thursday.
October 21, 2017

How Iran helped Baghdad seize back Kirkuk

By Fazel Hawramy, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Around 8 p.m. on Oct. 15, an Iranian general from the powerful Islamic Revolutionary Guard Corps (IRGC) accompanied by Iraqi Commanders Abu Mahdi al-Muhandis and Hadi al-Ameri sat down with the Kurdish commanders in […]
October 21, 2017

Tehran, Seoul Discuss Enhanced Energy Cooperation

Iran and South Korea engaged in talks on energy cooperation and trade in areas like liquefied natural gas (LNG), crude oil sale and financing oil and gas projects. Following a meeting with visiting South Korean Minister of Land, Infrastructure and Transport (MOLIT) Kim Hyun-mee in Tehran on Tuesday, Iranian Minister of Petroleum Bijan Zangeneh said […]
October 21, 2017

Iran-Turkey Common Borders to Work Around-The-Clock

Visiting Iranian First Vice-President Eshaq Jahangiri announced that Tehran and Ankara have agreed to further facilitate bilateral trade between the two neighboring countries through making common borders operate 24 hours a day. Speaking at a joint press conference with Turkish Prime Minister Binali Yildirim in Ankara on Thursday, Jahangiri pointed to recent talks between high-ranking […]
October 20, 2017

Tehran, Ankara to trade in local currencies

TEHRAN- In a move to increase bilateral trade, the central banks of Iran and Turkey signed a deal to trade in their local currencies.
October 20, 2017

South Pars development phases to be complete in 1.5 years

TEHRAN- Development phases of Iran’s South Pars gas field (in the Persian Gulf) will be completed within one and half years, according to Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field.
October 20, 2017

Iranian, Turkish ministers discuss major transport ties

TEHRAN- Iranian Transport and Urban Development Minister Abbas Akhoundi and Turkish Minister of Transport, Maritime Affairs and Communications Ahmet Arslan conferred on major mutual transportation ties, IRNA reported on Friday.
October 20, 2017

Iran Oil Exports Record 8-Month Rise

Market figures show Iran’s exports of crude oil have reached the highest level since February. Figures released by Bloomberg show that Iran shipped 2.28 million barrels a day (mb/d) of crude oil to international markets in September. The rise came as Iran – together with Iraq that exported 3.98 mb/d last month – took advantage […]
October 20, 2017

Iranian Sites Come Under Hacking Attacks

A number of Iranian websites came under a cyber-attack on Monday night, Iran’s Minister of Communication and Information Technology Mohammad Javad Azari Jahromi confirmed. A group of hackers tried to target a number of Iranian sites last night in a defacement attack, Azari Jahromi said on Tuesday. He added that the attacks were foiled by […]
October 18, 2017

Iranian, French water associations sign co-op MOU in water sector

TEHRAN- Iran Association of Water and Wastewater Experts (IAWWE) and L'Association Internationale de L'Eau (IWA) signed an agreement on the sidelines of the 13th Iran International Water and Wastewater Exhibition (Watex 2017) in Tehran, IRNA reported o...
October 18, 2017

TCCIMA to dispatch trade delegation to China in late Dec.

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) will dispatch a high ranking economic and trade delegation to China from December 24 to 29, 2017, the official website of TCCIMA announced.
October 18, 2017

Iran supports OPEC deal’s extension beyond 2018

TEHRAN - Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said Iran will support extending the OPEC, non-OPEC deal to cut oil output beyond 2018, TASS reported.
October 18, 2017

Iran, Italy ink MOU on flare gas recovery

TEHRAN - The Italian power engineering company Ansaldo Energia signed a memorandum of understanding with some subsidiaries of National Iranian Oil Company (NIOC) for cooperation on flare gas recovery, Shana reported on Wednesday.
October 18, 2017

Total sticks with Iran deal if U.S. imposes sanctions: CEO

TEHRAN - Total Chief Executive Patrick Pouyanne said his company will go ahead with Iran deal if the United States decides to impose unilateral sanctions on Teheran.