February 21, 2017

Tehran, Paris sign MOU on railway co-op

TEHRAN - Islamic Republic of Iran Railways (IRIR) and French National Railway Company SNCF signed a memorandum of understanding (MOU) on Sunday for enhancement of railway cooperation, IRIB reported.
February 21, 2017

Japan to receive 1st naphtha cargo from Iran since 2011

TEHRAN- Japan will receive a naphtha cargo from Iran this month, as the first shipment of the product from the Middle Eastern country since 2011.
February 21, 2017

Inflation rate in urban areas drops to 6.8%

TEHRAN – The Statistical Center of Iran announced that the inflation rate in the urban areas for the 12-month period ended in the last day of the eleventh Iranian calendar month of Bahman (February 18) hit 6.8 percent, Tasnim news agency reported.
February 21, 2017

Irancell Invests in the Parent Company behind Snapp and ZoodFood

Iran Internet Group, the parent company behind Snapp and ZoodFood has received a new round of investment from Iran’s second mobile operator, Irancell. MTN, one of Irancell’s shareholders had also invested in this firm.

The post Irancell Invests in the Parent Company behind Snapp and ZoodFood appeared first on TechRasa.

February 20, 2017

Iran-EU trade up 78% in 2016: Eurostat

TEHRAN - The European Union’s trade with Iran amounted to €13.7 billion in 2016, a 78 percent rise compared to 2015, based on the latest figures released by the European Union’s statistics agency Eurostat.
February 20, 2017

Post-sanction Iran a much more interesting market for Danish companies: minister

TEHRAN – Karsten Lauritzen, a member of the Danish Parliament for the Venstre and Tax Minister of Denmark, sat with the Tehran Times last week for an exclusive interview in which he expressed his country’s wish to invest more in Iran. “After easing of sanctions, Iran has become a much more interesting market for Danish companies.”
February 20, 2017

Tehran, Baghdad ink MOU on oil export pipeline project

TEHRAN - Iran and Iraq signed a memorandum of understanding on Monday to study the construction of a pipeline to export crude oil from the northern Iraqi fields of Kirkuk via Iran.
February 20, 2017

Iran Discovers New Shale Oil Deposit

An Iranian official announced the discovery of new shale oil reserves in the country’s western province of Lorestan. Oil exploration studies in Qalikooh region in the province of Lorestan led to the discovery of a new shale oil field with 2 billion barrels of in-situ oil reserves, Bahman Soleimani, an official at the Exploration Directorate […]
February 20, 2017

Iran to Drill 500 new Oil Wells in 5 Years

By John Lee. Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official said on Saturday. Iran’s daily output in January was close to 3.9 million barrels. “We […]
February 20, 2017

Iran Petroleum Minister Heads to Iraq

Iranian Minister of Petroleum Bijan Zangeneh left Tehran for Baghdad on Monday as the head of a delegation to Iraq . The visit is being made as a follow-up on last month’s visit of another Iranian delegation to neighboring Iraq for discussing details of two memoranda of understanding (MoUs) between the oil ministers of the […]
February 20, 2017

NIOC, SINOPEC hold talks on Upstream Cooperation

Senior executives from the National Iranian Oil Company (NIOC) and China Petrochemical Corporation (Sinopec Group) met to discuss avenues for furthering cooperation in upstream projects. NIOC Chief Ali Kardor and Wang Yupu, Chairman of Sinopec Group, attended the Sunday meeting in Tehran. “NIOC’s priority is signature of deals under the new framework of oil contracts,” […]
February 20, 2017

Parliament to look into “Information Leak” by Total

he Iranian parliament’s Energy Commission plans to check the accuracy of reports suggesting that the French energy giant Total has leaked secret information about Iran’s South Pars gas field to Qatar, the spokesman for the commission said. Speaking to the Tasnim News Agency, Asadollah Qarakhani said the Energy Commission will look into reports about leakage […]
February 20, 2017

Iran’s Roads Minister Wins Vote of Confidence

Iranian lawmakers on Sunday gave a vote of confidence to Minister of Roads and Urban Development Abbas Akhoundi, who had been impeached for a tragic train crash that killed dozens of people in November 2016. Akhoundi took the podium at the parliament on Sunday to respond to the questions of the MPs attending the impeachment […]
February 20, 2017

Customs to collect 145% of predicted duty income by Mar. 20

TEHRAN- Islamic Republic of Iran’s Customs Administration (IRICA) expects to earn 145 percent of the duty income predicted in the country’s national annual budget by the current Iranian calendar yearend (March 20, 2017), Mehr news agency reported.
February 20, 2017

Industrial parks’ exports stand at $1.7b in 11 months

TEHRAN- Some $1.7 billion of goods were exported from Iranian industrial parks and areas during the 11 months starting March 20, 2016, the CEO of Iran Small Industries and Industrial Parks Organization (ISIPO) announced.
February 20, 2017

Azeri economic delegation to arrive in Iran on Wed.

TEHRAN- An economic Azeri delegation, headed by Minister of Economic Development of Azerbaijan Shahin Mustafayev, will make a trip to Iran this Wednesday to explore avenues of common economic ties with Iranians, IRNA reported on Sunday.
February 20, 2017

Mining, energy apt for Tehran-Helsinki co-op: Finnish official

TEHRAN- Petri Peltonen, the under-secretary of state at the Ministry of Employment and Economy of Finland, mentioned mining and energy sectors as the areas proper for cooperation between Finland and Iran, IRNA reported.
February 20, 2017

Kyrgyz agriculture minister due in Tehran today

TEHRAN- Kyrgyzstan’s Minister of Agriculture, Food Security and Land Reclamation Murashev Nurbek Murpazylzhanovich will arrive in Tehran today to discuss the ways for expansion of agricultural ties between his country and Iran with Iranian Agriculture Minister Mahmoud Hojjati, Mehr news agency reported.
February 20, 2017

Exports via railway jump 55%

TEHRAN- Exports of goods via railway increased 55% in Iran during the first ten months of the current Iranian calendar year (March 20, 2016-January 20, 2017)compared to the same period of time in the previous year, railway official, Hossein Ashouri, to...
February 19, 2017

Three new ATR planes purchased by Iran Air

Three new ATR 72-600s passenger planes bought by Iran Air are now in Toulouse, France. The photo is taken on 13 Feb. 2017.