February 19, 2017

Iran sells crude oil at $51.44 per barrel in a week

TEHRAN- Iran sold its light crude oil at $51.44 per barrel in the week ended on February 10, with $1.57 decrease from its previous week, IRNA reported on Sunday.
February 19, 2017

Iran sells crude oil at $51.44 per crude oil in a week

TEHRAN- Iran sold its light crude oil at $51.44 per barrel in the week ended on February 10, with $1.57 decrease from its previous week, IRNA reported on Sunday.
February 19, 2017

Agricultural exports up 4.3% in 10 months

TEHRAN- Iran exported $4.659 billion of agricultural products during the first ten months of the current Iranian calendar year (March 20, 2016-January 20, 2017), with 4.3 percent growth from the same period of time in the preceding year, according to a...
February 19, 2017

Iran to Establish Bank in Azerbaijan

The Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country plans to establish a bank in Azerbaijan with 100 percent Iranian ownership, a report said. Azerbaijan’s Trend news agency in a report quoted Seif as saying that the plan involves turning a branch of Bank Melli Iran in Azerbaijan into an […]
February 19, 2017

Turkish Retailer Eyes Business Opportunities in Iran

A well-known Turkish retailer has voiced its willingness to find business opportunities in Iran after the termination of anti-Iran sanctions a year after implementation of the nuclear deal between Iran and the world powers. Turkish discount retailer BIM said it is exploring opportunities in Iran for possible opening of stores in the country. The supplier […]
February 19, 2017

Will Trump turn Rouhani into Hawk?

By Ali Hashem, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Being Iran’s president while Tehran is “officially on notice” by Washington is not an easy task for a moderate such as Hassan Rouhani. From now on, whether he likes it or not, the harsh […]
February 19, 2017

Tehran, Belgrade stress energy, mining co-op

TEHRAN- Iran’s ambassador to Serbia Hossein Molla-Abdollahi and Serbian Minister of Energy and Mining Aleksandar Antic in a Friday meeting in Belgrade underscored both countries’ interest in developing common mining and energy bonds, IRNA reported on Saturday.
February 19, 2017

Total still determined to contribute to Iran’s SP project: NIOC head

TEHRAN – The managing director of National Iranian Oil Company (NIOC) has said that French oil company Total is determined for contribution to the development project of phase 11 of Iran’s South Pars gas field, Shana reported.
February 19, 2017

Iran’s oil output to reach 4m bpd by Mar. 21

TEHRAN- Oil production in Iran will reach four million barrels per day (bpd) by the beginning of the next Iranian calendar year (March 21) National Iranian Oil Company Managing Director Ali Kardor said on Saturday.
February 19, 2017

Reliance set to buy Iran oil after five-year hiatus

Reliance Industries Ltd., owner of the world's biggest refining complex, is preparing to buy oil from Iran next month after a gap of about five years, said an industry source with knowledge of talks between the two.
February 19, 2017

Indian Essar Oil’s import of Iranian crude up 56% in 10 months

TEHRAN- Imports of oil from Iran by Essar Oil Company of India rose 56 percent to stand at about 175,600 barrels per day (bpd) in the first ten months of the contract year beginning on April 1.
February 18, 2017

ZTE Expects to Pay Hefty Penalties Over Trade With Iran

ZTE expects to pay hefty penalties from its settlement with the United States over trade with Iran.

The post ZTE Expects to Pay Hefty Penalties Over Trade With Iran appeared first on TechRasa.

February 18, 2017

Time ripe to rekindle economic bonds with Iran: New Zealander politician

TEHRAN- New Zealand Labor Party politician and member of the parliament for Dunedin North, David Scott Clark, called for revival of economic ties between his country and Iran, underlining the Asian country’s post-sanction era.
February 18, 2017

First shale oil deposit found in Iran: official

TEHRAN – The first shale oil reserve containing over 2 billion barrels of light crude has been discovered in Iran.
February 18, 2017

First shale oil deposit found in Iran: official

TEHRAN – The first shale oil reserve containing over 2 billion barrels of light crude has been discovered in Iran.
February 18, 2017

Diamond Grading company enters Iran

By John Lee. HRD Antwerp, the Belgian diamond-grading group, has announced a first Certified Diamond Grader course in Tehran. The course will be run at the end of April 2017 in collaboration with local consultant Alireza Feizollahi. HRD Antwerp’s primary shareholder is the Antwerp World Diamond Centre (AWDC). (Sources: Diamonds.net, HRD)
February 18, 2017

Norway “eager to expand” Fisheries Cooperation with Iran

By John Lee. Norway’s Minister of Fisheries, Per Sandberg (pictured), has told Iran’s Ambassador to Oslo, Mohammad Hassan Habibollahzadeh, that he welcomes increased cooperation between the countries in fisheries and aquaculture. According to IRNA, the ambassador said the vast coastlines in the northern and southern parts of Iran, production of fishery products, processing and re-export […]
February 18, 2017

Could Flynn have been good for Iran-US Relations?

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Donald Trump administration has no shortage of virulent anti-Iran hawks bent on taking a more confrontational approach toward Tehran. Few in the administration were more outspoken about their anti-Iran views than former national […]
February 18, 2017

Iran, Cuba fortify ties with 12 cooperation agreements

Iran and Cuba signed 12 new cooperation agreements Thursday fortifying ties at a time when U.S. President Donald Trump’s comments on Tehran and Havana have upset the two countries.
February 18, 2017

Iran, Cuba fortify ties with 12 cooperation agreements

Iran and Cuba signed 12 new cooperation agreements Thursday fortifying ties at a time when U.S. President Donald Trump’s comments on Tehran and Havana have upset the two countries.