May 1, 2017

Iran to Launch Nahid-2 Telecommunication Satellite Next Year

Iran is planning to launch Nahid-2 telecommunication satellite in the next Persian year. According to Iran’s Space Research Center, this satellite can make telephone communications between two points on earth.

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May 1, 2017

37 countries to participate in Iran Oil Show 2017

TEHRAN - The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2017) will be hosting renowned companies from over 37 countries all over the globe from May 6 to 9 at Tehran Permanent International Fairgrounds.
May 1, 2017

The Role of Social Media on Iran’s Upcoming Presidential Elections

With half of the country under their 30s and massively improved mobile internet access, social media platforms and messaging apps can play an important role on Iran's upcoming presidential elections.

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May 1, 2017

Iran, Portugal Discuss Banking Ties

Ranking diplomats from Iran and Portugal in a meeting in Tehran explored avenues for boosting bilateral trade by removing obstacles to the banking ties. “The Islamic Republic of Iran tries to eliminate the banking barriers and enhance economic and monetary relations with the European countries, including Portugal,” Iran’s Foreign Minister Mohammad Javad Zarif said in […]
May 1, 2017

Renault’s sales in Iran rise 161.5% in Q1

TEHRAN- Renault’s sales in Iran rose sharply (161.5%) for a market share of 9%, up 4.9 points, in the first quarter of 2017 compared to the same period of time in 2016, the company’s international website reported.
May 1, 2017

Iran backs extension of OPEC, non-OPEC deal: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that Iran will back the extension of output cuts if the majority of OPEC and non-OPEC nations do so, Shana reported.
April 30, 2017

Iran signs contract to purchase 2nd flight checker

TEHRAN- Iran Airports & Air Navigation Company (IAC) signed a contract with the Austrian Aerodata AG for purchasing the second flight checker model King air 350i, Tasnim news agency reported on Sunday.
April 30, 2017

Persian Gulf Star Refinery comes online

TEHRAN – President Hassan Rouhani officially inaugurated the first phase of Persian Gulf Star Refinery in the southern province of Hormozgan on Sunday.
April 30, 2017

New Refinery to Make Iran Exporter of Gasoline

A new gas condensate refinery constructed in southern Iran by an entity affiliated with the Islamic Revolution Guards Corps (IRGC) will not only help meet the country’s domestic demands for gasoline, but also allow for the export of petroleum, the commander of the IRGC announced. After coming into operation, the ‘Persian Gulf Star’ gas condensate […]
April 30, 2017

Italy’s Saras Reimburse Entire Oil Debt with Iran

Key Italian oil refiner Saras said it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012. Saras General Manager Dario Scaffardi was quoted by Reuters as saying that the debt – which amounted to €400 million – had been cleared in the first quarter […]
April 30, 2017

Iran, Europe exploring further banking ties in Tehran forum

TEHRAN- European bankers attending the fourth edition of Iran-Europe banking and business forum in Tehran’s IRIB International Conference Center are investigating avenues of expanding banking partnership with Iran, Tasnim news agency reported on Saturday.
April 30, 2017

Tehran, Yerevan ink MOU on customs co-op

TEHRAN – Islamic Republic of Iran Customs Administration (IRICA) and Customs Service of Republic of Armenia signed a memorandum of understanding (MOU) on customs cooperation, IRNA reported on Saturday.
April 30, 2017

Iran’s annual crude steel output jumps 11%

TEHRAN- Iran produced 18.466 million tons of crude steel in the past Iranian calendar year 1395 (ended on March 20), showing 11 percent rise from its preceding year, IRIB reported on Saturday.
April 29, 2017

Iran and the Question of International Payment Networks

Iran has no connection to International Payment Networks such as Visa and MasterCard. The country has remained an isolated island with few connections to the outside world. But what does it means for Iran and Iranians at large?

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April 29, 2017

Post-JCPOA trade with EU up 79%

TEHRAN – European Climate Action and Energy Commissioner Miguel Arias Canete has said trade between Iran and the European Union has increased by 79 percent since the implementation of the nuclear deal, known as JCPOA, in January 2016.
April 29, 2017

Total Azar Oilfield Output Crosses 500k Barrels

The total amount of crude oil recovered from Azar Oilfield has exceeded half a million barrels, an official with the Petroleum Engineering and Development Company (PEDEC) said. Keyvan Yarahmadi, operator of the field’s development project at PEDEC, said production from the field is expected to reach 30,000 b/d by the end of the month of […]
April 29, 2017

Iran Khodro ups Capacity at Iraq Plant

By John Lee. Iran Khodro (IKCO) has said that 2,500 units of its Samand model (pictured) are expected to be produced this year in its Iraq plant. The site at Iskandariya has been upgraded with new equipment, and now has the capacity to make 45 to 50 ca...
April 29, 2017

4000MW of new power plants to come online by Mar. 2018

TEHRAN – Iranian Deputy Energy Minister Houshang Falahatian said that 4000 megawatts (MW) capacity of new power plants is scheduled to be added to the country’s electricity network during the current Iranian calendar year (March 21, 2017- March 20, 2018), Fars news agency reported on Friday.
April 29, 2017

Iran Launched Its First Phase of Fiber Optic Internet for Households

Fiber optic is known globally as a more stable and efficient way of connecting to data platforms compared to conventional copper cables. And now Iran has finally launched its first phase of fiber optic Internet for Iranian households.

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April 28, 2017

Asia’s March imports of Iranian oil rises 27% yr/yr

TEHRAN – Iran’s four main Asian oil buyers imported nearly 27 percent more oil from the country in March 2017 compared to March 2016 as Iran took advantage of its exemption from a production cut agreed by OPEC and some other major producers.