Russia ready for broadening ties with Anzali Free Zone
IRNA – Russian President Vladimir Putin’s Special Envoy for Caspian Sea littoral states affairs Ramazan Abdollatifev on Sunday voiced his country’s readiness…
Economy
Iran cuts reliance on imported gasoline: IRGC General
Tasnim – The second phase of a large refinery constructed in southern Iran by an entity affiliated with the Islamic Revolution Guards…
Iran’s share in global Saffron trade stands at 96%: VP
IFP – Iran’s Vice-President for Science and Technology Sorena Sattari has hailed the country’s huge share in saffron business across the world. …
Iran, Spain ink oil deal
SHANA– The international department of the Iranian Ministry of Petroleum signed a memorandum of understanding with the representative board of Spanish firms…
Airplane and oil deals at risk in Trump pullout of Iran deal
AP | Jon Gambrell: From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump…
Asia markets mostly up after Wall St surge, Iran fears boost oil
AFP- Most Asia markets rose Monday following a blistering lead from Wall Street as a soft jobs report soothed concerns about rising…
Total at risk of losing gas field stake to CNPC if it quits Iran
Bloomberg | Arsalan Shahla: Total SA, the only Western energy major investing in Iran, will lose its stake in the South Pars…
Sanctions won’t stop Iran oil development – NIOC Official
SHANA — A senior Iranian oil official dismissed on Monday any impact of possible sanctions on the country’s petroleum industry development. “Challenges…
NIOC unveils 14 oil exploration blocks
SHANA — The National Iranian Oil Company (NIOC) on Monday unveiled 14 exploration blocks across Iran, up for domestic and foreign investment.…
Iran not advocating high oil prices: Zanganeh
Tasnim– Iranian Oil Minister Bijan Namdar Zanganeh said in the current situation, the Islamic Republic is not advocating high prices for oil.…
Oil prices reach highest since November 2014 on Venezuela, Iran worries
Reuters – U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 while Brent crude…
Tehran to host Croatia business forum on May 7
Financial Tribune- Croatia’s deputy prime minister and economy minister Martina Dalic was due to arrive in Tehran on Saturday for a five-day…
Growth in Iran’s seafood production, exports
Financial Tribune- More than 1.15 million tons of seafood were produced in Iran during the last Iranian year (March 2017-18), indicating a…
Uncertainty surrounding Iran nuclear deal could send gold prices higher – analyst
RT– Political uncertainty, especially the geopolitical risk with Iran, could send gold prices higher according to analyst Boris Schlossberg. “Gold has been…
Iran waiting for Trump JCPOA move before deciding on oil sector
SHANA — Iran’s petroleum minister said on Sunday the country was waiting for US President Donald Trump’s May 12 decision on Tehran’s…
Iran says can raise oil output to 4.5mb/d
SHANA– Iran has potential to increase its oil production to 4.5 million barrels a day (mb/d), the head of the country’s state-run…
Non-oil exports rise by 15% in current year: TPOI chief
MNA – Chief of Trade Promotion Organization of Iran (TPOI) Mojtaba Khosrotaj said that export of non-oil commodities in the Iranian month…
IIES favors joint projects with GECF
SHANA – The head of the Institute for International Energy Studies (IIES) has expressed the institute’s willingness to carry out joint studies…
Iran boosts gasoline production by 24 percent
MNA – Managing Director of Tehran Oil Refining Company Lotfollah Hangi announced the sign of a memorandum of understanding (MoU) between Iran…
Iran gold demand at 3-year high in Q1
Financial Tribune- Iran’s gold demand more than tripled in the first quarter of 2018 while Saudi Arabia’s dropped 15%, data released by…
Iran’s steel production exceeds average global rate
MNA – Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said on Saturday that the volume of Iran’s steel production has…
Iran’s int’l oil, gas exhibition to kick off on May 6
Xinhua— The 23rd International Iran Oil, Gas, Refining and Petrochemical Exhibition will commence in Tehran on Sunday, Financial Tribune daily reported on…
GECF Sec. Gen discusses gas market with Iran Petroleum Minister
SHANA –Secretary General of the Gas Exporting Countries Forum (GECF) Yury Sentyurin met with Iranian Minister of Petroleum Bijan Zangeneh in his…
Iran ready to carry Turkmenistan gas to Pakistan
SHANA — Iran’s state-run gas firm has expressed its readiness to deliver Turkmenistan’s gas to Pakistan under a swap deal, saying it…
Crude nears $70 with traders on edge ahead of Iran deal decision
Bloomberg– Oil futures in New York zeroed in on $70 a barrel as traders brace for a re-imposition of U.S. sanctions on…
Iran in talks with Japan to improve quality of fuel oil at Bandar Abbas Refinery
ISNA– The CEO of Iran’s Bandar Abbas Refinery announced that the factory is in talks with Japan’s Chiyoda Corp. to improve the…
Iran, the Netherlands sign 2 MoU
IRNA – Iran and the Netherlands signed two memoranda of understanding during the second meeting of the Joint Agriculture Commission which ended…
NIOC finalizes 3 development draft agreements
SHANA – The second international E&P conference and the first international drilling industry exhibition were held simultaneously in Tehran March 3-4. More…
Russia to electrify Iran Northern Railroad project
MNA – Director General of Iranian Northern Railway Yousef-Geran Pasha said Iran’s Northern Railroad will be electrified in cooperation with Russia. Director…
Iran, Iraqi Kurdistan sign economic MoU
IRNA – A memorandum of understanding (MoU) on economic ties development was signed between Iran and Iraqi Kurdistan region. The MoU was…
Commercialization of North-South corridor, atop agenda
MNA – Minister of Roads and Urban Development Abbas Akhoundi said the commercialization of North-South corridor has been put atop agenda of…
Iran sanctions could raise oil prices by $10 a barrel
Barrons | Myra P. Saefong: In a few days, the U.S. will decide whether to extend waivers on economic sanctions against Iran.…
Oil up on OPEC output cuts, worries about Iran sanctions
Reuters – Oil prices rose on Thursday, boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran, but…
IRGC construction base pledges to finish 40 mega-projects in Iran by year-end
Tasnim – Commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), pledged that his forces…
Iran to establish trade system with Iraqi Kurdistan: Minister
IRNA – Iran is supposed to create trade system with Iraqi Kurdistan Region, Iran Minister of Industry, Mine and Trade Mohammad Shariatmadari…
Iran’s oil gains at risk as Trump’s nuclear deadline nears
Financial Times | Monavar Khalaj and Anjli Raval: When Iran’s deputy oil minister toured the hulking steel facility that is the Islamic republic’s largest…
Air France to scale down its Iran business
Reuters – Air France (AIRF.PA) is cutting its Joon subsidiary’s service between Paris and Tehran to the summer season only, blaming a…
Iran petroleum exports break post-JCPOA record in April
SHANA — Iran’s crude oil exports hit 2,617 mbd in April 2018, a new record since implementation of the Joint Comprehensive Plan…
Official: Iran ready to form joint oil firm with Azerbaijan
FNA- Iranian Deputy Oil Minister Amir Hossein Zamaninia voiced Tehran’s readiness to set up a joint petroleum corporation with Baku. “The joint…
World could never do without Iran if gas ties were extensive: Official
SHANA — The CEO of the National Iranian Gas Export Company says: “Had Iran’s gas ties were extensive, the country could not…