ORG submits studies on Caspian fields to NIOC
SHANA – Norway’s ORG Company submitted the result of its studies on Sardar Jangal and the three exploration blocs of 24, 26…
Economy
No plans for raising petrol prices: Official
SHANA – A senior refining official says no plans are on the table for increasing gasoline prices at least for the time…
Iran plans new credit card scheme to support local products
Financial Tribune- Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan…
Why Iran moved to unify dual exchange rates
Al Monitor | Maziar Motamedi: In an abrupt move, Iran moved to unify its dual exchange rates — one official and the…
World Bank: Iran’s growth to stabilize above 4 percent
Financial Tribune- As the impact of the previous year’s boost in oil production and exports dissipates, Iran’s overall growth rate is expected…
Iran vows “Stunning” response to return of US sanctions
IFP- Iran’s nuclear chief says the country is ready to give an “stunning” response to a possible return of unilateral US sanctions…
India’s Iran oil imports fell 15.7 pct in fiscal year 2017/18- trade
Reuters– India’s oil imports from Iran during the 2017/18 fiscal year fell by 15.7 percent from a year ago as state refiners…
NIGC to launch 1,000 KM gas pipeline by March 2019
SHANA – The National Iranian Gas Company (NIGC) has planned to launch 1,000 kilometers of gas distribution pipeline by the end of…
Iran, Spain to hold joint oil-gas workshop
SHANA – Iranian and Spanish companies have planned to hold the first joint oil and gas joint workshop between the two countries…
Jump in petchem output, exports
Iran Petroleum – The removal of international sanctions on Iran in the aftermath of the implementation of Iran’s 2015 nuclear deal with…
Oil market faces tense wait as Iran sanctions too close to call
Bloomberg |Alex Longley, Grant Smith and Christopher Sell: Global markets for equities, currencies and metals have all been whipsawed by the uncertainty over…
Will Iran’s banking sector collapse?
Al Monitor | Bijan Khajehpour: Iranian and international experts have opined for some time that Iran’s banking sector is at risk of…
IGCC seeking new LPG markets: CEO
SHANA – The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in…
Never mind OPEC – Brent oil market braces for Iran deadline
Reuters – Oil investors are taking no chances that Iran’s nuclear deal with Western powers will remain intact next month. Volatility, a…
Iran to get 14 ATR, Airbus, Boeing aircraft this year
IRAN Daily – Iran will receive 14 new passenger aircraft this year based on agreements signed with Airbus, Boeing and ATR plane-makers,…
Iran’s energy sector takes stock after year of ambivalent results
Bourse and Bazaar | David Ramin Jalilvand: The last Iranian year, which ended in March, saw several interesting developments for Iranian energy,…
Iranian tour firms seek revised forex policy
Financial Tribune- The new restrictions on the trade of foreign currencies have caused great concern among outbound touring companies who complain that…
Ukraine calls for promotion of banking cooperation with Iran
IRNA – Top Ukrainian official on Wednesday called for promotion of banking cooperation with Iran and urged elevation of all-out ties between…
Ministry of Intelligence’s duties include combat against economic corruption
ISNA – The minister, managers and officials of the Ministry of Intelligence met with the Leader of the Islamic Revolution Ayatollah Khamenei…
Iranian cabinet replaces US dollar with euro
MNA – During its official meeting on Wednesday, the Iranian cabinet of ministers decided to change the basic currency in its international…
Iran’s trade with UAE topped $16b last year
Financial Tribune – Iran’s non-oil trade with the UAE hit $16.83 billion in the last fiscal year (ended March 20, 2018), registering…
Iran to receive 8 ATR72 passenger planes in 2018
IRNA – Eight Franco-Italian ATR72-600 aircraft are scheduled to be delivered to Iran in 2018, the advisor to former road and urban…
Russia’s Novak says Russia and Iran may extend bilateral oil deal for five years: TASS
Reuters – Russia’s Energy Minister Alexander Novak said on Tuesday that Russia and Iran could extend a bilateral deal on oil supplies…
Iran exports 3,000 liters of plasma to Europe via Mahabad city
IRNA – Head of Mahabad Blood Transfusion Office Davoud Nasr said on Monday that Mahabad base has European standard to produce and…
Iran, Turkey open first LC in own currencies in blow to dollar
Press TV- Iran and Turkey have opened their first letter of credit for business transactions in their national currencies as the two…
Iran plans to get access to Mediterranean Sea
UkrAgroConsult– Iran intends to build a highway through Iraq, Syria and Lebanon, providing itself access to the Mediterranean Sea. According to Al-Quds…
Banker in Iran sanctions case says life term isn’t justified
Bloomberg– A Turkish banker convicted in January of aiding an Iranian sanctions evasion scheme objected to a recommendation to a judge that…
Vietnam, Iran hold huge potential for cooperation
VNA – There are plenty of room for Vietnamese and Iranian enterprises to cooperate in the fields of oil and gas, petrochemicals,…
US boycotts China telecom giant ZTE over Iran case
Press TV – The US government has banned American companies from selling components to China’s ZTE despite reaching a $1.2 billion settlement…
NIOC priorities in Iranian New Year of 1397
SHANA – What are the National Iranian Oil Company’s priorities in the calendar year of 1397, which began on March 21? Can…
For Iran Warehouse, ‘Unglamorous’ logistics real estate offers resilience and returns
Bourse and Bazaar | Esfandyar Batmanghelidj: Coco Ferguson first saw the potential in logistics real estate in East Africa, where as a…
Attracting FDI to petchem sector, priority for firms: MP
SHANA – A member of the Iranian parliament says attraction of foreign direct investment (FDI) in the petrochemical sector must be a…
The US is considering economic warfare with Iran
Oil Price | Nick Cunningham: Iran’s currency recently hit an all-time low, and economic uncertainty looks likely to test the country’s political establishment.…
All but one South Pars platforms online by March 2019
SHANA — The CEO of Pars Oil and Gas Company (POGC) says the company will launch all South Pars offshore platforms, excluding…
Tehran, Jakarta after expansion of bilateral economic coop.
MNA – Iranian Ambassador to Indonesia Valiollah Mohammadi Nasrabadi said that Iran’s total trade volume with Indonesia hit from about $380 million…
S.Korea’s March Iranian crude oil imports down 39.3 pct y/y
Reuters- South Korea’s March crude oil imports from Iran dropped 39.3 percent from a year earlier on slowing demand for Iranian oil,…
Iranian team visits Karachi Port to enhance bilateral cooperation
IRNA – A high-level Iranian delegation led by Minister for Roads and Urban Development Abbas Akhundi has visited the Karachi Port Trust…
1st phase of supplying gas to Chabahar Power Plant to launch soon
MNA – The director for gas supplying in National Iranian Gas Company (NIGC) Saeid Mo’meni said that the first phase of supplying…
Pakistan, Iran, Turkey to launch transit corridor
MNA – Iranian Minister of Roads and Urban Development Abbas Akhoundi said that transit line and regional freight corridor will be launched…
Pakistan loses Iran market over lack of payment mechanism
Financial Tribune- The absence of a credible payment mechanism remains the major irritant in Iran-Pakistan trade. International sanctions, particularly those imposed by…