Oil Contract

Iran’s coverage: Iran inks first IPC in post-JCPOA

Daily look at Iran’s late-breaking news and upcoming events:


NIOC inks 1st IPC deal

The ice of inking an Iran Petroleum Contract (IPC) is finally broken as National Iranian Oil Company (NIOC) entered a crucial deal with Iranian Persia Oil & Gas Industry Development Co. (POGIDC) for an increase in output level of several Iranian oil fields and reserves.

Leader urges Iran’s Police to keep pace with new technologies

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei called on the Iranian Law Enforcement Force to constantly boost capabilities and match them to rapid advances in science and technology.


Siemens signs Iran rail contract as Germany drums up business

Germany’s Siemens signed a contract to upgrade Iran’s railway network on Monday, one of several deals agreed by German firms during a two-day visit to Tehran by Economy Minister Sigmar Gabriel.


IMF staff report substantial improvement in Iran economic conditions

An International Monetary Fund (IMF) staff report says that economic conditions are improving substantially in Iran following the implementation of Joint Comprehensive Plan of Action (JCPOA).


Terrorism, extremism barriers to SDGs

Iran’s ambassador to the UN has deemed terrorism and extremism as barriers to achieving Sustainable Development Goals (SDGs).


Iran reaches 4Mln barrel per day oil output – National oil company

Iran achieved 4 million barrels per day oil production less than a year after lifting nuclear sanctions, Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said on Monday.


Iran, Germany ink 10 MoUs

A total of ten documents and agreements for joint cooperation were signed between Iran and Germany on Monday in Tehran.

Iran’s space agency ‘interested’ in cooperating with NASA

The head of Iran’s space agency says his country is interested in cooperating with NASA.

Iranian FM’s meeting with German vice-chancellor cancelled

After a controversy about comments on Iran by Germany’s vice-chancellor and minister of economy, who is now in Tehran, his planned meeting with Iranian Foreign Minister Mohammad Javad Zarif was cancelled on Tuesday.


Women’s World Championship to stay in Iran – FIDE

The world chess body, FIDE, has ruled out moving next year’s women’s World Championship out of Iran. While the two Indian players – Koneru Humpy and Harika Dronavalli – who have qualified for the event don’t mind adhering to the mandatory Islamic dress code, some of the world’s top players have expressed their consternation. Tehran, the country’s capital, is scheduled to host the February 2017 event.