May 26, 2017

Iran Inaugurates New Hydropower Plant

Iran on Thursday inaugurated a new hydroelectric power plant that increased the country’s hydropower generation capacity to around 12,000 megawatts. Energy Minister Hamid Chitchian on Thursday opened the hydropower plant at ‘Roodbar’ dam, in Aligoodarz, the western province of Lorestan. According to the minister, inauguration of the plant helped the total hydropower generation capacity of […]
May 26, 2017

PGPIC, European Firm Partner in Petchem Project

Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) and a European company have partnered to build a major petrochemical project in Iran, PGPIC said. PGPIC managing director Adel Nejad Salim said the company has struck a €3b agreement with the European company to build a petrochemical facility in Assalouyeh, Iran’s energy hub located in the southern […]
May 26, 2017

Can US-Sunni Alliance lure Baghdad away from Tehran?

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  There are strong indications that Gulf states want to keep Iraq away from Iran’s influence by including Iraq under the banner of a US-backed Sunni Arab alliance. The […]
May 25, 2017

NIOC signs $615m Deal with Tubacex

By John Lee. The National Iranian Oil Company (NIOC) has signed Iran’s first oil contract of the post-sanctions era with an international consortium comprising Spain’s Tubacex and Iran’s Isfahan Steel Company [Foolad Isfahan Company]. Associated Press reports that the deal worth US$615 million, and says the Spanish-Iranian consortium will provide oil pipes for a network […]
May 25, 2017

US Reviewing Iran Aircraft Licenses

By John Lee. The United States is reviewing licenses for Boeing and Airbus to sell aircraft to Iran. Reuters quotes Treasury Secretary Steven Mnuchin (pictured) as telling the House Ways and Means Committee: “We will use everything within our power to put additional sanctions on Iran, Syria and North Korea to protect American lives … […]
May 25, 2017

Iran, Turkey ready to boost Economic Cooperation

Iran, Turkey ready to open new chapter in relations, boost economic cooperation The Presidents of the Islamic Republic of Iran and the Republic of Turkey talked on phone and stated that they were ready to open a new chapter in relations between the two countries and promote Tehran-Ankara economic ties. During the phone call between […]
May 25, 2017

Iran tops OPEC nations in Q1 oil revenue increase

TEHRAN – Iran’s oil revenue has increased about $15 million per day (m/pd) in the first quarter of 2017 compared to the last quarter of 2016, Bloomberg reported citing International Energy Agency (IEA).
May 25, 2017

Iran tops OPEC nations in Q1 oil revenue increase

TEHRAN – Iran’s oil revenue has increased about $15 million per day (m/pd) in the first quarter of 2017 compared to the last quarter of 2016, Bloomberg reported citing International Energy Agency (IEA).
May 25, 2017

Iran, Belarus sign co-op agreement on customs data exchange

TEHRAN- Iran and Belarus signed a cooperation agreement on exchanging customs information in Tehran on Wednesday, IRNA reported.
May 25, 2017

Iran, Belarus sign co-op agreement on customs data exchange

TEHRAN- Iran and Belarus signed a cooperation agreement on exchanging customs information in Tehran on Wednesday, IRNA reported.
May 25, 2017

Tehran, Yerevan in accord for boosting co-op in agriculture

TEHRAN – In a meeting on Tuesday, Iranian Agriculture Minister Mahmoud Hojjati and Minister of Agriculture of the Republic of Armenia Ignati Araqelyan agreed on expansion of cooperation in agriculture sector.
May 25, 2017

Tehran, Yerevan in accord for boosting co-op in agriculture

TEHRAN – In a meeting on Tuesday, Iranian Agriculture Minister Mahmoud Hojjati and Minister of Agriculture of the Republic of Armenia Ignati Araqelyan agreed on expansion of cooperation in agriculture sector.
May 25, 2017

Iran nears last steps to finalize deal with Daimler

TEHRAN- Iranian Industry Minister Mohammadreza Nematzadeh announced on Wednesday that Iran is taking the last steps to finalize its cooperation agreement with the German multinational automotive corporation, Daimler, IRANA reported.
May 25, 2017

Iran nears last steps to finalize deal with Daimler

TEHRAN- Iranian Industry Minister Mohammadreza Nematzadeh announced on Wednesday that Iran is taking the last steps to finalize its cooperation agreement with the German multinational automotive corporation, Daimler, IRANA reported.
May 24, 2017

What’s on Rouhani’s second-term Economic Agenda?

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. Hassan Rouhani’s re-election on May 19 is welcome wind in the sail of the moderate political forces in Iran. The sharp rise in the index of the Tehran Stock Exchange can also be seen […]
May 24, 2017

NITC Seals 70 Deals since Sanctions Eased

The Managing director of National Iranian Tanker Company (NITC) said his company has struck over 70 tanker lease deals since January 2016 when Iran’s landmark nuclear deal was implemented. Sirous Kian Ersi said the deals were cemented with leading international energy companies, adding that most of the companies are based in Europe and Asia. The official […]
May 24, 2017

West Karoun Oilfields, IP Gas Pipeline Projects Prioritized

Iran’s First Vice-President Es’haq Jahangiri has tasked the Oil Ministry with implementing 11 prioritized projects in the oil and gas sector by the end of the current Iranian calendar year (March 20, 2018). Increasing the output of West Karoun oilfields by 100,000 barrels per day (bpd) to reach 350,000 bpd, and completing the gas pipeline […]
May 24, 2017

Iran’s Payment System Is Connecting to the World One Country at a Time

Iran's payment system is connecting to the world one country at a time. Russia, Oman, Azerbaijan, Turkey, China, Japan and Iraq are among the countries which are in the process of connecting to the Iranian payment system, SHETAB.

The post Iran’s Payment System Is Connecting to the World One Country at a Time appeared first on TechRasa.

May 24, 2017

Iran signs $630m deal to produce strategic oil equipment

TEHRAN - By signing a contract worth $630 million with an Iranian-Spanish consortium on Wednesday, Iran joined the world’s manufacturers of special pipes, which are of strategic importance in the oil and gas industry.
May 24, 2017

Iran signs $630m deal to produce strategic oil equipment

TEHRAN - By signing a contract worth $630 million with an Iranian-Spanish consortium on Wednesday, Iran joined the world’s manufacturers of special pipes, which are of strategic importance in the oil and gas industry.