October 16, 2016

Iran’s economy grew 5.4% in spring: CBI

TEHRAN- Iran’s economic growth rate stood at 5.4 percent in spring, which corresponds to the first quarter of the current Iranian calendar year, according to the governor of the Central Bank of Iran (CBI) Valiollah Seif, ISNA reported on Sunday.
October 16, 2016

Iran to start bidding for oil, gas projects on Monday

Iran will begin taking applications on Monday for an unspecified number of energy projects, the oil ministry's news agency Shana reported on Sunday, as the country moves to launch exploration and production contracts after the lifting of sanctions.
October 16, 2016

Iran to privatize 200 state-run companies by March 2017

TEHRAN- Head of Iranian Privatization Organization (IPO) Abdollah Pouri-Hosseini announced on Saturday that 200 state-run companies will be transferred to the private sector by the end of the current Iranian calendar year (March 20, 2017), Shana news a...
October 16, 2016

Iran’s shipping line ranks 19th globally

TEHRAN- The Islamic Republic of Iran Shipping Lines (IRISL) ranks 19th among the world's international shipping lines according to the latest report released by Clarksons Research's Container Intelligence Monthly, Tasnim news agency reported on Saturday.
October 16, 2016

Iranian trade delegation to embark for Kenya in late Oct.

TEHRAN- Iran’s Trade Promotion Organization (TPO) will dispatch a trade delegation to Kenya on October 30 in order to expand Iranian exports of commodities and services and also visit the Big 5 Construct East Africa Exhibition in Nairobi, the capital city of Kenya, the official website of TPO reported.
October 15, 2016

Renewable Energy Draws Foreign Financiers to Iran

The Renewable Energy Future Iran, a conference connecting 150+ international and local stakeholders to discuss wind and solar opportunities is taking place on October 19th in Tehran.

The post Renewable Energy Draws Foreign Financiers to Iran appeared first on Techrasa.

October 15, 2016

Iran targeting a diverse market for exports: TPO head

Mojtaba Khosrotaj, the head of Iran's Trade Promotion Organization (TPO) and the country’s deputy industry, mining, and trade minister, said that Iran does not plan to focus on a specific region or country as export destination and it aims for a diverse market.
October 15, 2016

Royan welcomes foreign investment in tourism sector

TEHRAN - Royan, a coastal city in the Iranian northern province of Mazandaran, welcomes foreign investors to participate in its tourism projects.
October 15, 2016

Iran’s oil production rises 21,400 bpd in Sept.: OPEC

TEHRAN – Based on the Organization of the Petroleum Exporting Countries (OPEC)’s Monthly Oil Market Report for October 2016, Iran’s September oil production rose 21,400 barrels per day (bpd) compared to the previous month to reach 3.665 million bpd.
October 15, 2016

Iran’s first LPG cargo for Pertamina arrives in Indonesia

State-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia.
October 15, 2016

Sweden to open trade office in Tehran

TEHRAN - The Swedish Minister for Finance Eva Magdalena Andersson, in a meeting with her Iranian counterpart Ali Tayyebnia, announced that Sweden is going to open its trade office in Tehran to bolster economic ties with the Islamic Republic, Shana news...
October 15, 2016

Belgian trade delegation to visit Iran in late Oct.

TEHRAN- A Belgian trade delegation is scheduled to visit Iran on October 30-31 to explore avenues of enhancing mutual economic cooperation with their Iranian counterparts, the portal of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCI...
October 15, 2016

Iranian economic delegation to tour Japan, S. Korea, China

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to dispatch an economic delegation to Japan, South Korea, and China to hash out fortifying Iranian businessmen’s economic ties with their Asian counterparts, portal of ICCIMA announced.
October 15, 2016

Joblessness in Iran at 12.2% in spring

TEHRAN- Iran's unemployment rate during the spring, which corresponds to the first quarter of the current Iranian calendar year (March 20-June 20), stood at 12.2 percent, according to the latest report from the Statistical Center of Iran (SCI), IRIB ne...
October 15, 2016

Iranian crude to replace Saudi oil in Egypt

Egypt has been offered refined oil products for October from Iran after Saudi’s oil giant Aramco terminated the delivery of 700,000 tons expected for this month, the petroleum ministry announced yesterday.
October 15, 2016

What Destiney Awaits Iran’s National Fiber Internet Project?

A couple years of riding the merry-go-round is the best way to describe Iran’s national fiber optic project. Can the monopoly holder Iranian Net commence this infrastructure project or will other national and international companies take over?

The post What Destiney Awaits Iran’s National Fiber Internet Project? appeared first on Techrasa.

October 14, 2016

OMV negotiating Iran Crude Oil Deal

By John Lee. Austrian oil company OMV is reported to be negotiating a long term contract of crude oil with National Iranian Oil Company (NIOC). Seyed Mohsen Ghamsari, Executive Director for International Affairs at the NIOC, said: “Iran’s oil export to Austria has kicked off through spot contracts … No final agreement has been reached […]
October 14, 2016

Iran’s First LPG Cargo Arrives in Indonesia

State-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina president director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran 13 days ago by its VLGC Pertamina Gas […]
October 14, 2016

Is Turkey ditching Saudi Arabia for Iran?

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. In recent years, tension between Iran and Turkey has been rooted in differences over regional developments rather than bilateral disagreements. Indeed, if one reviews the exchanges between the two neighbors during the past two […]
October 14, 2016

India’s Sept Iran oil imports doubled y/y: shipping data

India, Iran's top customer after China, imported about 552,200 barrels per day (bpd) of oil from the Persian Gulf nation in September, more than double the same month a year ago following the end of sanctions targeting Tehran in January.