March 31, 2017

Iran Doubles Oil Sales to Turkey

By John Lee. Turkey has reportedly doubled its imports of oil from Iran. Turkey’s Energy Market Regulator said Iran exported about 834,000 tons (about 199,083 b/d) of crude oil to Turkey in January 2017, while the figure for the same month in 2016 was 406,894 tons. Additionally, Turkey exported 643.193 tons of petroleum products to […]
March 30, 2017

Annual inflation rate stands at 9.3% in rural areas

TEHRAN- The Statistical Center of Iran announced that the inflation rate in rural areas stood at 9.3 percent during the past Iranian calendar year of 1395 (which ended on March 20), Mehr news agency reported.
March 30, 2017

Annual inflation rate stands at 9.3% in rural areas

TEHRAN- The Statistical Center of Iran announced that the inflation rate in rural areas stood at 9.3 percent during the past Iranian calendar year of 1395 (which ended on March 20), Mehr news agency reported.
March 30, 2017

Turkey’s import of Iranian oil more than doubled in Feb.

TEHRAN- Turkey’s import of oil from Iran rose more than two times in February 2017 from February 2016, Tasnim news agency reported on Thursday.
March 30, 2017

Turkey’s import of Iranian oil more than doubled in Feb.

TEHRAN- Turkey’s import of oil from Iran rose more than two times in February 2017 from February 2016, Tasnim news agency reported on Thursday.
March 30, 2017

Russia, Iran may launch oil-for-goods program in 2017 : Novak

The Russia-Iran cooperation under the "oil-for-goods" program may start in 2017, Russian Energy Minister Alexander Novak told reporters on the sidelines of an international Arctic forum Wednesday.
March 30, 2017

Russia, Iran may launch oil-for-goods program in 2017 : Novak

The Russia-Iran cooperation under the "oil-for-goods" program may start in 2017, Russian Energy Minister Alexander Novak told reporters on the sidelines of an international Arctic forum Wednesday.
March 30, 2017

Iran Eyes Major Project Startups in Oil Industry during New Year

Iranian Minister of Petroleum Bijan Zangeneh says the new Iranian calendar year (began March 21) will be an “exceptional” year for Iran’s petroleum and petrochemical industries as several major projects are scheduled to come on-stream during the year. “This year, Iran will launch historic projects in the oil and petrochemical sectors that will be unprecedented […]
March 30, 2017

Iran, Russia to Boost Trade to $10bn

Tehran and Moscow intend to increase the volume of their annual trade exchanges to 10 billion dollars, President Hassan Rouhani says. President Rouhani made the remarks Tuesday evening during a dinner banquet with Iranian nationals living in Russia, IRNA reported. “It takes several years for the people to know all the aspects of the Joint […]
March 30, 2017

China’s ZTE removed from US Blacklist

By John Lee. China’s ZTE Corp has announced that it has been removed from the United States Department of Commerce blacklist, after it agreed to pay nearly $900 million in fines and other penalties. The company had previously pleaded guilty to conspiring to violate US sanctions by illegally shipping U.S. goods and technology to Iran. […]
March 30, 2017

Dairy products export hits 850,000 tons in a year

TEHRAN- Iran exported 850,000 tons of dairy products in the past Iranian calendar year (which ended on March 20), rising from the figure of 600,000 tons in its preceding year, Fars news agency reported on Wednesday quoting Deputy Agriculture Minister ...
March 29, 2017

Iran’s trade balance positive for 2nd consecutive year

TEHRAN – Based on the latest data released by Iran's Customs Administration, the country's trade balance was reported positive for the second consecutive year.
March 29, 2017

OPEC, non-OPEC deal could be further extended: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non-OPEC nations for cutting output could be further extended beyond June.
March 29, 2017

Iran-Japan investment protection agreement to enter into force late-April

TEHRAN – The embassy of Japan in Tehran announced that the agreement on mutual protection of investment between Iran and Japan will enter into force from April 26.
March 29, 2017

Gazprom signs MoU with Iran

Russia’s Gazprom and the National Iranian Oil Company (NIOC) have signed a Memorandum of Understanding in Moscow. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Hassan Rouhani, President of the Islamic Republic of Iran. In accordance with the document, the parties will examine the avenues for cooperation in the field of hydrocarbon prospecting, exploration and production within […]
March 29, 2017

Can Iran avoid Looming Banking Crisis?

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In Iran, there are two main approaches to how to avoid a looming banking crisis. The first is to get the Central Bank of Iran (CBI) to implement a major quantitative easing (QE) program — […]
March 29, 2017

Iran, Russia Ink 14 Agreements to Enhance Ties

Ranking officials from Iran and Russia signed 14 cooperation documents at a high-profile meeting in Moscow to promote bilateral relations in a range of fields, from ICT to tourism. In a Tuesday ceremony in the Kremlin with Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin in attendance, top officials from the two sides […]
March 29, 2017

German Firm “Facing Challenges” Financing Iran Venture

By John Lee. Reuters reports that German steel plant maker SMS Group “faces challenges in raising financing” for its $400-million contract to expand production at Iran’s  Mobarakeh Steel Company. Board member Dieter Rosenthal told the news agency that the privately-held firm, which builds steel, aluminium and copper plants, signed the contract in February to add […]
March 29, 2017

Iran Ranks 69th in Human Development Index

By John Lee. The United Nations Development Programme (UNDP) has ranked Iran in 69th place  out of 158 countries in its latest annual Human Development Report (HDR), entitled ‘Human Development for Everyone’. The full report is available here. (Source: UNDP)
March 29, 2017

Iran and Russia to Expand Ties in IT Sector

In a meeting between the Iranian and Russian officials, Russia's Minister of Telecom and Mass Communications discussed cyber cooperation with Iran in various spheres including e-commerce and software development.

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