December 11, 2016

Europeans highly welcome Iran’s post-sanctions petchem sector

TEHRAN - After the implementation of Iran nuclear deal, the country’s National Petrochemical Company (NPC) has received high willingness from European companies for cooperation with Iran in the petrochemical sector both in financing and licensing, Farnaz Alavi, the NPC director for planning and development, announced in a press conference on Saturday.
December 11, 2016

Iranian ports 8-month loading, unloading up 6.6% yr/yr

TEHRAN – According to Iran’s Ministry of Roads & Urban Development, some 93.527 million tons (mt) of goods were loaded and unloaded at ports of Iran during the first eight months of current Iranian calendar year (March 20-November 20) registering a 6.6 percent rise compared to the same period of time in the past year.
December 11, 2016

Iranian ports 8-month loading, unloading up 6.6% yr/yr

TEHRAN – According to Iran’s Ministry of Roads & Urban Development, some 93.527 million tons (mt) of goods were loaded and unloaded at ports of Iran during the first eight months of current Iranian calendar year (March 20-November 20) registering a 6.6 percent rise compared to the same period of time in the past year.
December 10, 2016

Europe buys 30m barrels of Iranian crude in Jan.-Aug.

TEHRAN – Seven European countries imported 4.22 million tons (nearly 30 million barrels) of Iranian crude oil during the first eight months of 2016, according to the latest data released by European Union’s statistics agency (Eurostat).
December 10, 2016

Europe buys 30m barrels of Iranian crude in Jan.-Aug.

TEHRAN – Seven European countries imported 4.22 million tons (nearly 30 million barrels) of Iranian crude oil during the first eight months of 2016, according to the latest data released by European Union’s statistics agency (Eurostat).
December 10, 2016

Iran-Indonesia business forum to be held next week

TEHRAN – Following the Indonesian President Joko Widodo’s visit to Iran, an Iran-Indonesia business forum is due to be held in the building of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on December 14 and 15.
December 10, 2016

Iran-Indonesia business forum to be held next week

TEHRAN – Following the Indonesian President Joko Widodo’s visit to Iran, an Iran-Indonesia business forum is due to be held in the building of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on December 14 and 15.
December 10, 2016

German company to build €350m renewable energy park in Iran

TEHRAN – German company EAB NEW ENERGY GMBH will invest €350 million in a renewable energy park in Iran’s Arvand free zone in the Southwestern city of Abadan, IRNA reported on Thursday.
December 10, 2016

German company to build €350m renewable energy park in Iran

TEHRAN – German company EAB NEW ENERGY GMBH will invest €350 million in a renewable energy park in Iran’s Arvand free zone in the Southwestern city of Abadan, IRNA reported on Thursday.
December 10, 2016

Iran calls for further banking bonds with Czech Republic

Tehran – Iranian Finance Minister Ali Tayyebnia called for expansion of banking cooperation with the Czech Republic in his Friday meeting with the Speaker of the Chamber of Deputies of Czech Republic Parliament Jan Hamacek in Prague, IRNA reported.
December 10, 2016

Iran calls for further banking bonds with Czech Republic

Tehran – Iranian Finance Minister Ali Tayyebnia called for expansion of banking cooperation with the Czech Republic in his Friday meeting with the Speaker of the Chamber of Deputies of Czech Republic Parliament Jan Hamacek in Prague, IRNA reported.
December 10, 2016

Iran-U.S. trade reaches $190m in 10 months

TEHRAN- According to the latest data released by the American Statistical Association (ASA), the value of trade between Iran and the U.S. stood at $190 million during the first ten months of 2016, Tasnim news agency reported on Friday.
December 10, 2016

Iran-U.S. trade reaches $190m in 10 months

TEHRAN- According to the latest data released by the American Statistical Association (ASA), the value of trade between Iran and the U.S. stood at $190 million during the first ten months of 2016, Tasnim news agency reported on Friday.
December 10, 2016

Iran to Announce Int’l Tender Offer for Oil Projects

Iran is going to hold an event in early 2017 to put its oil projects out to tender for global contractors, an official announced. Speaking to reporters on Wednesday, CEO of the National Iranian Oil Company (NIOC) Ali Kardor said the international tender offer is scheduled for the early months of 2017. According to the […]
December 10, 2016

Why Iran’s Currency is suddenly Wobbling

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. Fluctuation in the value of the rial became a common occurrence in Iran during the presidency of Mahmoud Ahmadinejad, and especially in its latter years. Foreign currencies would get more expensive by the day — […]
December 10, 2016

Iran Signs Major Oil Deal with Shell

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MOU) with energy giant Royal Dutch Shell for the development of several southern oil fields. The MOU was signed between NIOC and Shell during a ceremony in Tehran attended by NIOC Managing Director Ali Kardor, Hans Nijkamp, the head of the department for […]
December 10, 2016

Iranian Dam Threatens Iraqi Kurdistan’s Sirwan River

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian Dam Threatens Iraqi Kurdistan’s Legendary Sirwan River When neighbouring Iran tested their new dam recently, levels on an important Iraqi Kurdish river dropped four meters. Locals fear when the […]
December 9, 2016

IRISL, Hyundai ink shipbuilding contract

TEHRAN- According to a contract signed with Islamic Republic of Iran Shipping Line (IRISL), South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will build mega-container vessels as well as tankers for carrying petroleum products for Iran, IRNA reported on Friday.
December 9, 2016

IRISL, Hyundai ink shipbuilding contract

TEHRAN- According to a contract signed with Islamic Republic of Iran Shipping Line (IRISL), South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will build mega-container vessels as well as tankers for carrying petroleum products for Iran, IRNA reported on Friday.
December 8, 2016

Iran’s 8-month copper concentrate production up 14% yr/yr

TEHRAN – Iran’s copper concentrate production in the first eight months of the current Iranian calendar year (March 20-November 20) reached 715,078 tons, registering a 14 percent rise compared to the same period last year, IRIB news reported on Wednesday.