September 14, 2017

Over 37,000 passenger cars imported in 5 months

TEHRAN- Iran imported 37,623 passenger cars during the first five months of the current Iranian calendar year (March 21-August 22), according to the Islamic Republic of Iran Customs Administration (IRICA).
September 13, 2017

Iran Launches Local Navigation System to Reduce the Country’s High Rate of Road Accidents

A new plan for Iranian radio navigation system has been revealed. The system would use cell towers to pinpoint the user's location which could help reduce road fatalities.

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September 13, 2017

Iran’s August oil output at 3.828m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on September 12, oil production in Iran stood at 3.828 million barrels per day (bpd) in August, falling 5,000 bpd from 3.833 million bpd in July, based on secondary sources.
September 13, 2017

Iran’s August oil output at 3.828m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on September 12, oil production in Iran stood at 3.828 million barrels per day (bpd) in August, falling 5,000 bpd from 3.833 million bpd in July, based on secondary sources.
September 13, 2017

Confederation of Indian Industry inaugurates Tehran bureau 

TEHRAN – On Tuesday, the Confederation of Indian Industry (CII) opened a bureau in Tehran with the aim of expanding business and trade ties with Iran. The Indian ambassador to Tehran, the vice chairman of Tehran’s chamber of commerce, and CEOs or representatives of seven well-known Indian businesses attended the inauguration ceremony. 
September 13, 2017

Confederation of Indian Industry inaugurates Tehran bureau 

TEHRAN – On Tuesday, the Confederation of Indian Industry (CII) opened a bureau in Tehran with the aim of expanding business and trade ties with Iran. The Indian ambassador to Tehran, the vice chairman of Tehran’s chamber of commerce, and CEOs or representatives of seven well-known Indian businesses attended the inauguration ceremony. 
September 13, 2017

Iran: Safety issues should not affect peaceful use of nuclear technology 

TEHRAN - The Group of 77 (G-77) believes that the states member to the International Atomic Energy Agency  (IAEA) have the main responsibility of ensuring nuclear safety but it should not affect efforts for peaceful uses of nuclear technology, Iran's ambassador to the Vienna-based IAEA said on Monday.
September 13, 2017

Oil Output to Reach 4.5m bpd in 5 Yrs

The CEO of the National Iranian Oil Company (NIOC) Ali Kardor said Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years. Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864,000 bpd in the next five years, Kardor […]
September 13, 2017

IFC signs Data Vending Agreement with Greek Firm

By John Lee. The Iran Financial Center (IFC) has reportedly signed a data vendor agreement with Greece’s Inforex S.A.. Under the deal, the IFC will provide Inforex with data about Iranian companies listed on the exchanges for a period of two years, while Inforex will commit to offer them to the foreigners interested in making […]
September 13, 2017

Iranian Shareholders face Rocky Road ahead

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  In its 50-year history, the Tehran Stock Exchange (TSE) staged its best performance in the Iranian year beginning March 21, 2013. But by January 2014, it struggled to break or […]
September 13, 2017

Iran’s Oil Exports to Europe, China Grow in August

Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains the […]
September 13, 2017

Tourist Numbers fell in 2016

By John Lee. According to a report from the World Tourism Organization (UNWTO), 4.9 million tourists visited Iran in 2016, a drop of 5.6 percent from a year earlier, and the first decline since 2013. 2,938 million tourists arrived in 2010, increasing to 4.967 million in 2014 and 5.237 million in 2015, bringing in $2.43 […]
September 13, 2017

Iranian, Ukrainian chambers of commerce sign co-op MOU

TEHRAN- Ukrainian Chamber of Commerce & Industry (UCCI) and Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a cooperation MOU during an Iran-Ukraine business forum in Ukraine, the portal of ICCIMA reported on Monday.
September 13, 2017

Iranian, Ukrainian chambers of commerce sign co-op MOU

TEHRAN- Ukrainian Chamber of Commerce & Industry (UCCI) and Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a cooperation MOU during an Iran-Ukraine business forum in Ukraine, the portal of ICCIMA reported on Monday.
September 13, 2017

Shell presents Kish gas field’s study results to NIOC

TEHRAN – The Anglo-Dutch Royal Dutch Shell PLC presented the results of studies on Iranian Kish gas field to National Iranian Oil Company (NIOC) on Tuesday, Shana reported.
September 13, 2017

Shell presents Kish gas field’s study results to NIOC

TEHRAN – The Anglo-Dutch Royal Dutch Shell PLC presented the results of studies on Iranian Kish gas field to National Iranian Oil Company (NIOC) on Tuesday, Shana reported.
September 13, 2017

Brazilian market open to high-quality Iranian products

TEHRAN - Brazilian Deputy Minister of Agriculture, Livestock and Food Supply Eumar Novacki said his country’s market welcomes high quality Iranian products, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s portal reported.
September 13, 2017

Rastad appointed PMO’s new managing director

TEHRAN – Mohammad Rastaad was appointed as the new managing director of Iran’s Ports and Maritime Organization (PMO), Tasnim news agency reported on Tuesday.
September 13, 2017

Iran appoints first female operator for gas field development

TEHRAN- For the first time in Iran, a female was appointed as the operator of a gas field development, Tasnim news agency reported on Tuesday.
September 12, 2017

Iran signs deals to reconstruct power lines in Syria 

TEHRAN - Iran has signed a number of agreements with Syria to reconstruct power plants and electricity transmission lines in the war-torn neighboring country, the caretaker of the Iranian energy ministry Sattar Mahmoodi said on Tuesday.