October 19, 2016

Iran Hospitex being held in Tehran

TEHRAN- The 2nd International Exhibition of Hospital Building, Infrastructure, Installation, Equipment, and Related Industries (Iran Hospitex) was inaugurated the Tehran Permanent International Fairgrounds on Tuesday, IRIB news reported.
October 19, 2016

Kish Island hosting IRANIMEX 2016

TEHRAN- The 18th International Marine Industries Conference and Offshore Technological Exhibition of Iran (IRANIMEX 2016) started operation on Iranian southern island of Kish on Tuesday.
October 19, 2016

Iran-Germany’s Saxony State business forum to start on Nov. 28

TEHRAN – A business forum between Iran and Saxony State of Germany is scheduled to be held in Saxony from November 28 to December 2, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced on Wednesday.
October 19, 2016

Malaysian trade delegation due in Tehran on Oct. 22

TEHRAN – A Malaysian trade delegation headed by Mustapa Mohamed, the country’s minister for international trade and industry, will visit Tehran on October 22 to attend a joint business forum, Iran Chamber of Commerce, Industries, Mines and Agriculture announced.
October 19, 2016

Some Japan trading houses eye resuming Iran oil imports: sources

Japanese traders including Marubeni Corp and Sumitomo Corp that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said.
October 19, 2016

Iran’s economy has beat expectations: IMF

The head of the International Monetary Fund in the Mideast said Iran’s economy has beat expectations by growing by 4.5 percent this year.
October 19, 2016

Platform 17B to add 14.5mcm/d of gas to South Pars output

BANDAR ABBAS- Platform 17B of Iran’s South Pars gas field (in the Persian Gulf), which was loaded at Bandar Abbas yard on Tuesday, will produce 500 million cubic feet (around 14.5 million cubic meters) of gas per day.
October 19, 2016

Iran’s year to date electricity generation up over 1% y/y

TEHRAN – Iran’s year to date electricity generation increased by 1.15 percent compared to the same period last year, IRIB news reported on Wednesday citing Energy Ministry’s portal (known as PAVEN).
October 19, 2016

Iran Calls for Oil Majors to Tender

Iran has invited global energy giants to a tender for the development of several of its key oil sector projects. The National Iranian Oil Company (NIOC) has called on foreign exploration and production companies to submit the required pre-qualification documents for the tender. It is stated in the statement published on NIOC’s website that the […]
October 19, 2016

Two Iranian Ministers Resign

Iran’s Minister of Culture and Islamic Guidance Ali Jannati and Minister of Sports and Youth Affairs Mahmoud Goudarzi have offered their resignation, informed sources said on Tuesday. Speaking to the Tasnim News Agency, the sources said the two ministers have already submitted their resignation letters to Iranian President Hassan Rouhani. The developments came as the […]
October 19, 2016

Iran Producing Nearly 4.5m bpd of Oil

Iran is producing around 4.5 million barrels per day (bpd) of crude less than a year after the removal of anti-Tehran sanctions, a report said. Iranian refineries are pumping out around 4.5 million barrels per day (bpd) of oil and ultra light oil condensate, according to the preliminary tanker schedule, Reuters reported. Iran exported 2.56 […]
October 19, 2016

Italians Eager to Invest in Jam Petchem Plant

Italian investors have indicated their readiness to finance construction of the PDH and PP units of Jam Petrochemical Plant. A group of Italian investors have paid a visit to Jam Petrochemical Complex located southern Iran with the hope of hunting out investment opportunities in the facility’s development projects. The delegation met with the facility’s executives […]
October 19, 2016

Shiraz Petchem Plant Exports Urea to Brazil

Shiraz Petrochemical Plant has exported a urea cargo to Brazil in a bid to diversify its export destinations. The plant sends goods to India regularly. The company has assumed this strategy of developing its markets and diversifying its products and has exported a urea cargo to Brazil the sanctions’ removal in January 2016. In October, […]
October 19, 2016

Why Iran’s Banking Shake-Up won’t be enough

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On July 24, Valiollah Seif, the governor of the Central Bank of Iran (CBI), unveiled the Central Bank and Usury-Free Banking Reform Bill, also known as the Banking Reform Bill, to support sustained acceleration in […]
October 19, 2016

Iranian Payment Service Provider AP Goes Public

The Iranian PSP Asan Pardakht (UP) has been in pursuit for an IPO for some time until it become the 500th Iranian company to go public in Tehran Stock Exchange just 2 days ago.

The post Iranian Payment Service Provider AP Goes Public appeared first on Techrasa.

October 19, 2016

Tehran to host ECO customs administration heads

TEHRAN - The 7th meeting of the Economic Cooperation Organization (ECO) Council of Heads of Customs Administration (CHCA) kicks off in Tehran today, IRNA reported.
October 19, 2016

German minister heading to Iran, Siemens hopes for rail deal

German Transport Minister Alexander Dobrindt will travel to Iran with a trade delegation on Friday to meet the transport and industry minister, his spokesman said on Monday, and an industry source said Siemens would be going too.
October 19, 2016

Iran’s exports to S.Africa up 93%: official

TEHRAN – The value of Iran’s exports to South Africa rose by $10.4 million in the first six months of the current Iranian calendar year (March 20-Septemebr 21), a 93 percent increase year on year, Shana quoted an official with the Trade Promotion Organization of Iran as saying.
October 19, 2016

Persian Gulf Star Refinery’s distillation unit to come online

TEHRAN – The distillation unit of the Persian Gulf Star Refinery will come on stream today, Shana news agency reported on Monday.
October 19, 2016

Oil market: From high hopes to high prices

Although reaching a consensus among members of Organization of the Petroleum Exporting Countries used to seem surprising majorly due to the row between Iran and Saudi Arabia over output freeze, for the first time in eight years members of the organizat...