March 10, 2017

VP: Work on Joint Oilfields Iran’s Top Priority

Iran’s First Vice-President Eshaq Jahangiri referred to development of the oil and gas fields that Iran shares with the neighbors as a top priority in the ‘Resistance Economy’ agenda. When it comes to the energy industry in the context of Resistance Economy, the Iranian administration focuses on joint oil and gas resources, Jahangiri said in […]
March 10, 2017

Luxembourg Court “Dismisses” US Request to Freeze Iran Assets

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court has rejected efforts by US to freeze $1.6 billion of Iranian assets in the European country. “A Luxembourg court dismissed the US request for the freeze of $1.6 billion of Iranian assets in its first verdict, and the decision has […]
March 9, 2017

Russia considering annual purchase of 5mt of Iranian crude

TEHRAN –Russian Energy Minister Alexander Novak said on Tuesday that Russia is considering the purchase of up to five million tons (mt) of Iranian crude oil on an annual basis, IRNA reported.
March 9, 2017

Russia considering annual purchase of 5mt of Iranian crude

TEHRAN –Russian Energy Minister Alexander Novak said on Tuesday that Russia is considering the purchase of up to five million tons (mt) of Iranian crude oil on an annual basis, IRNA reported.
March 9, 2017

Iran, Russia, Azerbaijan cut 50% of common rail transit tariffs

TEHRAN- Railway delegations from Iran, Russia and Republic of Azerbaijan signed memorandum of understanding (MOU) on reducing common rail transit tariffs by 50 percent, in a trilateral meeting in Moscow on Tuesday.
March 9, 2017

Iran, Russia, Azerbaijan cut 50% of common rail transit tariffs

TEHRAN- Railway delegations from Iran, Russia and Republic of Azerbaijan signed memorandum of understanding (MOU) on reducing common rail transit tariffs by 50 percent, in a trilateral meeting in Moscow on Tuesday.
March 9, 2017

Oil Output to hit 4.15m bpd in 2022

By John Lee. According to a report from Bloomberg, the International Energy Agency (IEA) has predicted that Iran will increase its oil production capacity by 400,000 barrels per day (bpd) to reach 4.15 million bpd by 2022. The Paris-based agency also forecasts that neighbouring Iraq will retain its position as OPEC’s second-biggest producer, adding 700,000 […]
March 9, 2017

First Ship from South Korea Next Year: Official

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) announced that according to a deal to buy 10 giant ships from South Korea, the delivery of the first ship will take place in March 2018. Mohammad Saeedi said the first 14,500 TEU container ship built by South Korea’s Hyundai Heavy Industries Co. […]
March 9, 2017

Allure of Riches draws Young Iranians to Network Marketing

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. During the past few years, network marketing has become a popular occupation among the youth in Iran. Having successfully managed to distance themselves from controversy involving pyramid schemes, these network marketing firms operate with […]
March 9, 2017

Freeze on Iran Assets in Luxembourg Not New: Diplomat

A judge’s ruling that has put a freeze on the Central Bank of Iran’s assets in Luxembourg dates back to the time before the onset of the nuclear negotiations between Iran and six world powers that resulted in the JCPOA, an Iranian deputy foreign minister said. Speaking to journalists in Tehran on Tuesday, Majid Takht […]
March 9, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Programme Associate, United Nations World Food Programme (WFP) Recruitment Technical Officer, Norwegian Refugee Council (NRC) Shelter- WASH Officer, Norwegian Refugee Council (NRC) Human Resources and Administration Coordinator, Norwegian Refugee Council (NRC) Livelihoods and Food Security Assistant, Norwegian Refugee Council (NRC) ICLA Assistant, Norwegian Refugee […]
March 9, 2017

Technical, engineering services export reaches $2b post-sanctions

TEHRAN – Iran has exported over $2 billion worth of technical and engineering services since the implementation of Joint Comprehensive Plan of Action (JCPOA) in January 2016, IRNA reported on Wednesday.
March 9, 2017

Technical, engineering services export reaches $2b post-sanctions

TEHRAN – Iran has exported over $2 billion worth of technical and engineering services since the implementation of Joint Comprehensive Plan of Action (JCPOA) in January 2016, IRNA reported on Wednesday.
March 9, 2017

S. Korea to deliver 1st mega-container vessel to Iran in March 2018

TEHRAN - South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will deliver the first TEU 14500 mega-container vessel to Iran by March 2018, managing director of Islamic Republic of Iran Shipping Lines (IRISL) announced.
March 9, 2017

S. Korea to deliver 1st mega-container vessel to Iran in March 2018

TEHRAN - South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will deliver the first TEU 14500 mega-container vessel to Iran by March 2018, managing director of Islamic Republic of Iran Shipping Lines (IRISL) announced.
March 9, 2017

Iran’s exports to U.S. stand at $5.6m in Jan.

TEHRAN- According to the latest report of American Statistical Association (ASA), Iran exported $5.6 million of goods to the U.S. in January 2017.
March 9, 2017

Iran’s exports to U.S. stand at $5.6m in Jan.

TEHRAN- According to the latest report of American Statistical Association (ASA), Iran exported $5.6 million of goods to the U.S. in January 2017.
March 9, 2017

Copper concentrate output up 10% in 11 months

TEHRAN- Iran’s copper concentrate output reached 982.95 tons in the first 11 months of the current Iranian calendar year (March 20, 2016- February 18, 2017), which shows 10 percent increase compared to the same period in the preceding year, IRIB news reported.
March 9, 2017

Copper concentrate output up 10% in 11 months

TEHRAN- Iran’s copper concentrate output reached 982.95 tons in the first 11 months of the current Iranian calendar year (March 20, 2016- February 18, 2017), which shows 10 percent increase compared to the same period in the preceding year, IRIB news reported.
March 9, 2017

Russia’s Gazprom Neft interested in Iranian Oil Fields

By John Lee. A senior executive at Russian oil major Gazprom Neft has said the company is currently looking at the development of only two Iranian oil fields — Shangule and Cheshmeh-Khosh — but will consider other projects. First Deputy Chief Executive Officer of the company Vadim Yakovlev told TASS that he would consider the […]