June 5, 2017

Iran Signed Deal with Gazprom over Farzad B

Iran has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium. The announcement over Farzad B agreement was made by Iran’s Petroleum Minister Bijan Zanganeh. Zanganeh said in an interview with Argus […]
June 5, 2017

NITC ‘Closely Looking’ at 1st Post-Sanctions VLCC Orders

Managing director Siroos Kianersi says any contracts would be for renewal not growth at a time when the owner has opened the door for ‘the right pool partners’. Shipowning giant National Iranian Tanker Co (NITC) is exploring the potential for placing its first VLCC newbuilding orders since the easing of international sanctions, says managing director […]
June 5, 2017

Tehran, Moscow sign Cooperation Roadmap

Iran and Russia signed a cooperation roadmap at St. Petersburg International Economic Forum. From Iran Amir Hossesin Zamaninia, deputy petroleum minister in international affairs and trading, and from Russia, Kirill Molodtsov, Russian Deputy Minister of Energy, signed the document on Friday. The roadmap was provided based on the superior level of cooperation between the two […]
June 5, 2017

Iran’s GDP growth estimated at 4% in 2017: WB

TEHRAN- In its latest report, the World Bank (WB) predicted a four-percent growth for Iran’s gross domestic product (GDP) in 2017.
June 3, 2017

Turkcell’s $4.2 Billion Lawsuit Against MTN Group

Turkcell, the biggest Turkish mobile network operator, has taken its $4.2 billion lawsuit against MTN Group to the South African court.

The post Turkcell’s $4.2 Billion Lawsuit Against MTN Group appeared first on TechRasa.

June 2, 2017

Mental Models of Managers: An Example of Telecom Industry

A manager’s decisions are entirely shaped by the way he or she views the problems. These views or mental models can be divided into four types of periscopic mental models, microscopic mental model, telescopic mental model and kaleidoscopic mental model. In this writing, each of these mental models have been pursued in the telecommunications industry.

The post Mental Models of Managers: An Example of Telecom Industry appeared first on TechRasa.

June 2, 2017

Gazprom Neft, OMV to Cooperate on Iranian Projects

At the St. Petersburg International Economic Forum, Gazprom Neft signed a Memorandum of Understanding with OMV Aktiengesellschaft. The document, which describes the mutual interest projects in the oil and gas industry, was signed by First Deputy General Director of Gazprom Neft Vadim Yakovlev and OMV Executive Board member responsible for Upstream, Johann Pleininger. The agreement […]
June 2, 2017

CIA Names New Iran Chief

By John Lee. The New York Times reports that experienced CIA official Michael D’Andrea is to run the agency’s Iran operations. The newspaper says this is the first major sign that the Trump administration is invoking the hard line that he took against Iran during his electoral campaign. D’Andrea, a convert to Islam, is said […]
June 2, 2017

Inpex Considers Bidding to Develop Iranian Oil Field

Inpex, Japan’s largest upstream company, announced that it plans to bid in a tender recently launched by Iran to develop the country’s Azadegan oil field. “Inpex is in the process of gathering information and conducting updates as necessary. Inpex will consider its response once the tender is published and the terms and conditions pertaining to […]
June 2, 2017

Iran considers launching Petchem Bank

Iran is considering establishment of a specialized bank for petrochemical investments and financing, an MP said. Saeid Bastani, a member of the industries and mines committee of the Iranian parliament, spoke about the highlights of the committee’s Tuesday meeting which was held in the presence of Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei. […]
June 2, 2017

Iran, US set for proxy clash on Syrian-Iraqi Border

By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iran Business News.  As the Popular Mobilization Units (PMU) continue their operations in the western areas of Mosul, some PMU factions reached the Syrian border May 29 and were met by Syrian […]
June 2, 2017

Free trade agreement discussed between Iran, Eurasian Economic Commission

TEHRAN- Mahmoud Vaezi, Iran's minister of communications and information technology who is also the chairman of Iran-Russia Joint Economic Committee, and Veronika Nikishina, member of the board and also minister for trade of the Eurasian Economic Commi...
June 2, 2017

Iran delivers its 1st domestically built catamaran sailboat to Turkey

TEHRAN- First Iranian built catamaran sailboat was delivered to Turkey, IRNA reported on Thursday.
June 2, 2017

Tehran, Yerevan sign MOU on expansion of trade ties

TEHRAN- Iran and Armenian inked a memorandum of understanding (MOU) on the expansion of mutual trade relations, Iran’s Trade Promotion Organization (TPO) announced.
June 1, 2017

Iran Giving Turkey Free Gas for Past Debts

Iran’s Oil Minister Bijan Namdar Zanganeh said the country is currently not receiving any money from Turkey for the export of gas, because Tehran has to clear its debts under an International Court of Arbitration ruling on a dispute over gas pricing. Zanganeh told reporters on Saturday that Iran is currently not receiving any money […]
June 1, 2017

Maroon Petchem Plant to sign Deals with Euro Firms

Maroon Petrochemical Plant (MPP) is to sign deals with Shell and two Italian companies for development of two projects, the MPP managing director says. Rahim Sharif Mousavi said one of the projects will concern the ethyl oxide unit of the facility, adding Italy’s engineering company Maire Tecnimont will join the project as one of its […]
June 1, 2017

UAE’s ENOC Clears Iran Oil Dues

The Emirates National Oil Company (ENOC) has paid its outstanding oil dues to Iran, a report said. Iran received more than $4bn from ENOC as part of the UAE retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases, the Qatar-based Al Jazeera broadcaster reported on Tuesday. The report added that […]
June 1, 2017

Talks on Iran’s EEU Membership to Conclude Soon

Timur Suleimenov, Kazakhstan’s minister of economy, said the Eurasian Economic Union (EEU) would finalize talks with Iran over the country’s membership to the union by the end of 2017. “We believe we can come up with something substantial by the end of the year . . . finished talks,” Suleimenov told the Financial Times on […]
June 1, 2017

Govt. ratifies issuance of $2.6b of securities

TEHRAN- Iranian cabinet, in their Wednesday morning meeting, approved issuance of 100 trillion rials (about $2.6 billion) of securities to finance domestic governmental projects, IRNA reported.
May 31, 2017

Stock exchange deals value up 121% in a month

TEHRAN- The value of deals in Iranian stock exchange market rose 121 percent in the second Iranian calendar month, Ordibehesht (April 21-May 21), compared to its previous month, Farvardin, Tasnim news agency reported on Wednesday.