March 7, 2017

SP phases 17, 18 on verge of complete inauguration

TEHRAN- Phases 17 and 18 of developing Iran’s South Pars gas field (in the Persian Gulf) are on the verge of complete inauguration, according to Hassan Boyeri, the operator of these phases.
March 7, 2017

Tehran Taxi Organization Will Launch Its App in Nowruz to Compete with Snapp

Tehran Taxi Organization is finally starting to compete with the private sector players such as Snapp with its Uber-like app. The app is expected to be released during Nowruz, the Iranian New Year holidays.

The post Tehran Taxi Organization Will Launch Its App in Nowruz to Compete with Snapp appeared first on TechRasa.

March 7, 2017

US Issues New Travel Ban

By John Lee. United States President Donald Trump has signed a new executive order banning people from six mainly Muslim countries: Iran, Libya, Somalia, Sudan, Syria and Yemen. Unlike the order signed in January, which was blocked by the courts, this new order removes Iraq from the list, but imposes additional vetting for Iraqis. Importantly, […]
March 7, 2017

Slovakian trade delegation due in Tehran today

TEHRAN- A high ranking Slovakian trade delegation led by the country’s Deputy Prime Minister for Investments and Information Peter Pellegrini will arrive in Tehran Today to discuss issues of mutual interest with Iranian private sector and entrepreneurs, IRNA reported on Monday.
March 7, 2017

Slovakian trade delegation due in Tehran today

TEHRAN- A high ranking Slovakian trade delegation led by the country’s Deputy Prime Minister for Investments and Information Peter Pellegrini will arrive in Tehran Today to discuss issues of mutual interest with Iranian private sector and entrepreneurs, IRNA reported on Monday.
March 7, 2017

Russia’s TATNEFT inks MOU to study Iranian oilfield

TEHRAN – Russian Public Joint Stock Company TATNEFT signed a memorandum of understanding (MOU) with National Iranian South Oilfields Company (NISOC) for carrying oilfield development studies in southwestern Iran, Shana reported.
March 7, 2017

Russia’s TATNEFT inks MOU to study Iranian oilfield

TEHRAN – Russian Public Joint Stock Company TATNEFT signed a memorandum of understanding (MOU) with National Iranian South Oilfields Company (NISOC) for carrying oilfield development studies in southwestern Iran, Shana reported.
March 7, 2017

Gasoline production set to increase by 16 mld soon: official

TEHRAN – Iran’s gasoline production is set to witness an increase of 16 million liters per day (mld) soon, Shana quoted an oil official as saying on Monday.
March 7, 2017

Gasoline production set to increase by 16 mld soon: official

TEHRAN – Iran’s gasoline production is set to witness an increase of 16 million liters per day (mld) soon, Shana quoted an oil official as saying on Monday.
March 7, 2017

PGPIC Invests $6.2bn in Petchem Projects

The Persian Gulf Petrochemical Industries Company (PGPIC) has invested over 6.2 billion dollars in the development of petrochemical projects in Iran, the company’s CEO says. Speaking to NIPNA, Adel Nejad Salim said his company is currently running 70 percent of Iran’s petrochemical development projects by investing the amount in them. PGPIC is governing 80 petrochemical […]
March 7, 2017

Russian Firm to Assemble Vehicles in Iran

By John Lee. Russian automobile manufacturer UAZ is reported to be planning to set up a vehicle assembly plant in Iran in 2018. According to Russian Construction, the company will assemble the UAZ Patriot (pictured), UAZ Pickup and UAZ Cargo vehicles ...
March 7, 2017

Iran’s Priciest Export at risk

By Zahra Alipour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  With Iran to its south and Russia to its north and west, the Caspian Sea is not only rich in oil and natural gas reserves, but it is also the […]
March 7, 2017

India Seeking Rail Link with Iran, Turkey

Indian Railways is considering the possibility of building a transcontinental rail freight service that would connect India with Iran and Turkey, a report said. The ambitious plan is expected to be a real boon to the Asia Pacific region’s people and business, India’s Business Today website reported. It is expected to bring about a major boost […]
March 7, 2017

Iran Exporting Eggs to 10 Countries

An Iranian deputy agriculture minister highlighted the steps the country has taken to secure a place in the highly competitive market for poultry products, saying Iran is now exporting chicken eggs to 10 countries, mostly in the region. Speaking on a radio program on Sunday, Hassan Rokni said Iran ranks among the world’s top 12 […]
March 7, 2017

Exports from PSEEZ up 41% in 11 months yr/yr

TEHRAN- The value of exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh stood at $13.586 billion during the first eleven months of the current Iranian calendar year (March 20, 2016-February18, 2017), with 41 percent rise from the figure of the same period of time in the preceding year, according to Mehdi Yousefi, the managing director of PSEEZ Organization.
March 7, 2017

Exports from PSEEZ up 41% in 11 months yr/yr

TEHRAN- The value of exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh stood at $13.586 billion during the first eleven months of the current Iranian calendar year (March 20, 2016-February18, 2017), with 41 percent rise from the figure of the same period of time in the preceding year, according to Mehdi Yousefi, the managing director of PSEEZ Organization.
March 6, 2017

Iran Eyes $20bn in Petchem Exports

Iran will most likely be generating over 20 billion dollars in petrochemical revenues within the next few years once new projects come on-stream, an official with the National Petrochemical Company (NPC) says. Addressing a conference on the Economy of Resistance, Farnaz Alavi, director of planning and development at NPC, said the country’s revenues of petrochemical […]
March 6, 2017

Iraq, Iran agree to Resolve Dispute on Joint Oil Fields

By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]
March 6, 2017

Lukoil Optimistic on Iran Oil Deals

By John Lee. A senior executive at Russia’s Lukoil has said he is optimistic about new oil deals in Iran. Gati Al Jebouri [Gati Saadi Al-Jebouri] (pictured), the company’s vice president in the region, told Gulf News: “… we are in active discussion with NIOC (National Iranian Oil Company) to develop two oilfields, Ab-Teymur and […]
March 6, 2017

France to Issue Loans to Firms Investing in Iran

French Finance Minister Michel Sapin said Paris is working on plans to issue direct loans to companies eager to invest in Iran. “We are trying to help these companies,” Sapin told reporters at a joint press conference with his Iranian counterpart, Ali Tayebnia, in Tehran, Bloomberg reported. “They will be able to apply for loans, […]