April 10, 2017

National Security Council reviewing new Oil Contract Model

By John Lee. According to Reuters, Iran’s Supreme National Security Council (SNSC) is still reviewing the new Iran Petroleum Contract (IPC) model. Oil Minister Bijan Zanganeh was quoted as saying that the contracts appear to face fresh delays; it has been delayed several times due to opposition from hardline rivals of President Hassan Rouhani. Zanganeh […]
April 10, 2017

Iran to Become Petrol Exporter by March 2018

Iranian President Hassan Rouhani says Iran will become a net exporter of petroleum by the end of the new calendar year which began on March 21. Addressing a national conference on Economic Resilience and Rural Development on Saturday, Mr. Rouhani said Iran has already become an exporter of gasoil and will become one in petrol […]
April 10, 2017

Iran Eyes Becoming Regional Hub of Nuclear Medicine

A target at the top of the agenda of the Atomic Energy Organization of Iran (AEOI) is to turn the country into the region’s hub for production of nuclear medicine, Iran’s top nuclear official announced. Addressing a ceremony to mark the National Nuclear Technology Day in Tehran on Sunday, Head of AEOI Ali Akbar Salehi […]
April 10, 2017

Iran Eyes 0.5m bdp of Crude from West Karoon

Iran will be recovering over half a million barrels per day of crude oil by late-June 2017, a senior Iranian oil official said. Managing Director of Petroleum Engineering and Development Company (PEDEC) Nouredding Shahnazizadeh said Iran’s total crude oil production from South and North Azadegan, South and North Yatan, Yadavaran and Darkhowin oilfields will reach […]
April 10, 2017

RIPI to host 1st Int’l Conference on EOR, IOR Methods

The Research Center of Petroleum Industry (RIPI) is to host the first international conference on enhanced oil recovery (EOR) and improved oil recovery (IOR) methods in oil projects on April 22. The three-day conference is being held jointly by Iran Inter-Pore Society, the Iranian Association of Polymer and Chemical Engineers and the RIPI. Besides presentation […]
April 10, 2017

West Karoun’s output to reach 500,000 bpd by end of spring

TEHRAN- Production from six oilfields of West Karoun region in southwestern Iran will reach about 500,000 barrels per day (bpd) by the end of spring, which corresponds to the first quarter of the current Iranian calendar year (March 21-June 21), Shana ...
April 10, 2017

TSE inks co-op MOUs with 12 foreign stock exchanges

TEHRAN- Tehran Stock Exchange (TSE) has signed memorandums of understanding (MOUs) for cooperation with 12 foreign stock exchanges over the past year, according to TSE Managing Director Hassan Qalibaf-Asl.
April 10, 2017

Iran security body reviewing new IPC oil contracts: minister

Iran's top security body is still reviewing the Iran Petroleum Contract (IPC) model, Oil Minister Bijan Zanganeh was quoted as saying on Sunday, as the contracts aimed at attracting foreign investors appear to face fresh delays.
April 10, 2017

Kish to host civil engineering expo in early-May

TEHRAN – Kish Island in the southern Iran is going to be hosting the 13th edition of Civil Engineering and Building Exhibition (CEBEX 2017) on May 2-5, Tasnim news agency reported on Sunday.
April 10, 2017

The Fever of Messaging Apps in Iran

Rumors about foreign messaging apps entering Iran’s market is receiving more attention on Iranian news outlets. This time it was Wispi’s turn to make the headlines.

The post The Fever of Messaging Apps in Iran appeared first on TechRasa.

April 9, 2017

First Boeing 777 to join Iran fleet within a month

TEHRAN- The first Boeing 777 airplane will be delivered to Iran within a month, Deputy Transport Minister Asghar Fakhrieh Kashan said, Mehr news agency reported on Sunday.
April 9, 2017

IRISL signs MOU with Kamigumi, Suzue

By John Lee The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly signed a memorandum of understanding with the Japanese logistics and transport companies Suzue and Kamigumi, covering the construction of dry ports in Iran and investments in Iranian ports. According to Tehran Times, the MOU will become operational after conducting the required studies and […]
April 9, 2017

Structural issues cloud Khamenei’s Economic Vision

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. It is now an established tradition that Iran’s supreme leader travels to Mashhad on the first day of the Iranian New Year, which fell on March 21 this year, to deliver his most important […]
April 9, 2017

Mining projects worth over $1b to come on stream by Sept. 22

TEHRAN- Head of Iranian Mines and Mining Industries Development and Renovation Organization Mehdi Karbasian announced that 24 mining projects worth over $1 billion will be put into operation during the first half of the current Iranian calendar year (e...
April 9, 2017

Exports via Shahid Rajaie port grew 44% on year

TEHRAN- The value of exported goods from Iran’s southern port of Shahid Rajaie grew 44 percent in the past Iranian calendar year 1395 (ended March 20, 2017), compared to the preceding year, IRNA reported.
April 8, 2017

Iranian light crude’s weekly price up $1.21

TEHRAN – The price of Iran’s light crude oil in the week ended on March 31 rose $1.21 to stand at $48.78 per barrel, IRNA reported.
April 8, 2017

Iran to certify more companies for IPC soon

TEHRAN – A second list of international companies qualified to bid for Iran’s new model of oil and gas projects, known as Iran Petroleum Contract, is going to be released within the next few days.
April 8, 2017

Iran, Hungary to Develop Mini Nuclear Power Plant

Iran and Hungary have agreed to cooperate in a joint mini nuclear power plant project, a Hungarian official announced. Tehran and Budapest will create a small nuclear reactor for scientific and educational purposes, Prime Minister Viktor Orban’s chief of staff Janos Lazar said on Thursday. “When the Prime Minister was there, we undertook to take […]
April 8, 2017

Despite nuclear deal, EU firms still cautious on Iran

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the signing and implementation of the Joint Comprehensive Plan of Action (JCPOA), European businesses have shown great interest in re-entering Iran. Trade between Iran and the EU has already notably picked […]
April 8, 2017

Turkey’s imports from Iran doubled in 2 months

TEHRAN- Exports of Iranian goods to Turkey doubled in January and February 2017 and reached $1.15 billion, Tasnim news agency reported.