February 17, 2019

Iran, Turkey Complementary in Many Areas: Minister

Turkish Minister of Transport and Infrastructure Mehmet Cahit Turhan highlighted the importance of his country’s relations with Iran and said the two nations can complement each other in various political, cultural and economic areas. Speaking at a ceremony in Ankara on Monday to mark the 40th anniversary of the Islamic Revolution’s victory, Turhan hailed the […]
February 16, 2019

India imports 270,500 bpd of Iranian oil in January

TEHRAN- India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship tracking data reviewed by Reuters showed.
February 16, 2019

All villages to enjoy natural gas within 2-3 years: NIGC managing director

TEHRAN- Natural gas will be supplied to all villages in the country by the next two-three years, National Iranian Gas Company (NIGC) managing director announced.
February 16, 2019

IMIDRO to put 129 projects worth $17.8b into operation by 2022

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put 129 projects worth $17.8 billion into operation by Iranian calendar year 1400 (March 2021-March 2022), the organization published on its official webs...
February 16, 2019

No action yet by CNPC for developing South Pars phase 11: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said although 81 percent of the phase 11 project of developing South Pars gas filed has been officially handed over to CNPC, the Chinese haven’t still done any work on the project.
February 16, 2019

Top Lawmakers Discuss Bolstering Iran-Japan Ties

Iranian Parliament Speaker Ali Larijani and President of Japan’s House of Councilors Chuichi Date explored avenues for the expansion of political and economic relations between the two countries. Larijani, who has travelled to Japan with a parliamentary delegation, met with Chuichi Date on Tuesday. In the gathering, the Iranian official hailed the age-old relations between […]
February 15, 2019

South Korea imports nearly 3m barrels of Iranian oil in January

TEHRAN- South Korea imported 12.46 million tons or 2.94 million barrels of crude oil from Iran in January, data from the country’s customs office showed.
February 15, 2019

New incentives for exporters that re-inject foreign currency to NIMA

TEHRAN – Central Bank of Iran (CBI) has unveiled a decree containing a list of new incentives for the country’s exporters that re-inject their earned foreign currency to Iran’s domestic Forex Management Integrated System (locally known as NIMA).
February 15, 2019

‘Completing 12,000 semi-finished industrial projects to be facilitated’

TEHRAN – Completing 12,000 semi-finished industrial projects with over 60 percent progress across Iran is a priority for the ministry of industry, mining and trade, ISNA reported on Thursday quoting Industry Minister Reza Rahmani.
February 15, 2019

Second platform of South Pars phase 22-24 installed on offshore spot

TEHRAN- The second platform of Iran’s South Pars gas field’s phase 22-24 of development was installed on its designated offshore spot on Thursday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, ...
February 15, 2019

Red meat imports at 126,000 tons since last March

TEHRAN- Some 126,000 tons of red meat has been imported to the country since the beginning of current Iranian calendar year (March 21, 2018), the chairman of Agriculture Committee of Iranian Parliament announced.
February 15, 2019

JCPOA Procurement Channel’s experience overshadowing INSTEX

TEHRAN- The experience of JCPOA Procurement Channel, which was supposed to ensure that Iran is able to benefit from regular trade in the field of single and dual-use items of nuclear relevance, proves that the Europe’s newly created Instrument for Supp...
February 15, 2019

Iranian trade-industry delegation to visit Syria on Feb. 16-19

TEHRAN- An Iranian trade and industry delegation will visit Syria from February 16 to 19, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) published.
February 15, 2019

Iran, Iraq to Use Euro, Dinar in Oil Trade

The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Abdolnaser Hemmati on Wednesday held a meeting with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab country’s business people during a trip to Baghdad. In the gathering, the top […]
February 14, 2019

After 40 years, is Iran’s Revolution Unravelling?

By Suzanne Maloney, Brookings Institution. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After 40 years, is Iran’s revolution unravelling? Iranians came to the streets en masse on Monday to mark the 40th anniversary of the revolution that brought their Islamic Republic to power. As […]
February 13, 2019

IFX rises 3.1% in January

TEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), closed at 1,932, climbing 3.1% at the end of January.
February 13, 2019

5th round of offering oil at IRENEX on Feb. 18

TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the fifth time on February 18, Shana reported on Wednesday.
February 13, 2019

Inflation, liquidity curbed: CBI Governor

TEHRAN- Despite the expressed concerns about a probable rampant inflation and high volume of liquidity in the country, the two indices are presently kept under control, the Governor of the Central Bank of Iran (CBI) announced after his meeting with the...
February 13, 2019

Iranian heavy crude oil price rises $1.45 per barrel in Jan.: OPEC

TEHRAN- Iranian heavy oil price increased $1.45 in January, according to OPEC’s latest monthly report published on Tuesday.
February 13, 2019

Iran to purchase new airplanes: transport min.

TEHRAN- Iran is negotiating purchase of some new airplanes, Iranian Transport Minister Mohammad Eslami told Mehr news agency on Wednesday.