Total to Seek Waiver If US Reimposes Sanctions on Iran

Total CEO Patrick Pouyanne said on Sunday that the French oil and gas company would seek a waiver to continue the development of an Iranian gas field should the United States decide to re-impose sanctions. Speaking in an interview with The National newspaper while on a visit to the United Arab Emirates, Pouyanne said Total’s […]

Can European Business and Tech save Iran Deal?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. One of the current concerns of international companies planning to do business in Iran is the threat of a US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) and the reintroduction of US […]

$6bn Oil Projects for Local Contractors in 2018

Iranian Minister of Petroleum Bijan Zangeneh says over 6 billion dollars worth of oil contracts will be signed with local E&P, EPC and drilling companies next calendar year, beginning on March 21. Addressing a ceremony for signing Sepehr-Jofeir fields’ development contract, the official said the Iranian Ministry of Petroleum has arranged for assigning major projects […]

Iran Has over 100 Oil, Gas Fields to Develop

Iranian Oil Minister Bijan Namdar Zanganeh praised the capabilities of domestic energy companies to develop oil and gas fields and said the country has more than 100 fields, which can be developed by the Iranian exploration and production (E&P) companies. Speaking at a ceremony to sign a contract between the National Iranian Oil Company (NIOC) […]

NIOC signs $2.4bn Oil Deal with Local Firm

The National Iranian Oil Company (NIOC) and Pasargad Energy Development Company (PEDC) have signed a contract for the integrated development of Sepehr and Jofeir Fields with an estimated CAPEX of 2.4 billion dollars. The CEOs of NIOC CEO (Ali Kardor) and PEDC (Mehdi Mir Mo’ezi) signed the contract here in Tehran on Sunday, only three […]

Human Rights Defenders “Beaten” in Iranian Jail

UN experts alarmed by reports of human rights defenders beaten in Iran jail UN human rights experts have expressed concern at the continued targeting of human rights defenders in Iran, including about reports that two well-known women human rights defenders have been subjected to beatings in detention. Atena Daemi and Golrokh Ebrahimi Iraee were transferred […]

Kermanshah connected to National Rail Network

The president opened the 110-kilometer long Firouzan-Kermanshah railway on Tuesday, hours before the turn of the new year. Dr Hassan Rouhani appeared in Kermanshah Railway Station and opened the Firouzan-Kermanshah railway project, ordering the first passenger train to leave Kermanshah for the holy city of Mashhad. When opening the project, the president said: “I open […]

The 3 Best Places To Work in Iran

Sanofi, Novonordisk and Novartis Iran were awarded the best places to work in Iran for 2018, according to the annual Workplace program driven by the prestigious global research firm BPTW and conducted among different companies operating in Iran from different business sectors. Best Places to Work program is an international program providing employers in different regions […]

Ban on Iranian Airline’s ATR Flights Lifted

The Civil Aviation Organization of Iran lifted a month-long ban that prevented the Aseman Airlines from operating its ATR planes after a fatal crash in February. The public relations department of the Civil Aviation Organization said the temporary halt on the employment of ATR 72-200 and -500 models by Aseman has been lifted after release […]

Iran eyes $4bn in Developing two Oilfields

Iranian Minister of Petroleum Bijan Zangeneh says Iran expects to generate a total of 4 billion dollars by developing Aban and West-Paydar oilfields that it shares with neighboring Iraq. Addressing a ceremony to sign a contract to develop the two fields here in Tehran on Wednesday, the official said oil recovery from the two fields […]

IRGC Funding for Cinema stirs Debate in Iran

By Zahra Alipour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. “I am a dependent filmmaker. I am a man of the system. … I thank Owj [Arts and Media] Organization. They work hard and deserve the title of ‘The unknown soldiers of Imam Mahdi.’ I […]

Iran to Open Car Plant in Azerbaijan

Iranian President Hassan Rouhani will inaugurate a car factory in the Republic of Azerbaijan in an upcoming visit, Iran’s economy minister said. Speaking to reporters at the conclusion of a Tuesday session of a joint commission on Iran-Azerbaijan cooperation, Massoud Karbasian said an Iranian automobile factory will open in the Republic of Azerbaijan during President […]

NIOC “in Talks” to Develop 22 Oil, Gas Fields

The Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholamreza Manouchehri says his company is in talks with several upstream companies for the development of 22 oil and gas fields in Iran. Addressing a ceremony to sign a contract to develop Aban and West-Paydar oilfields by NIOC and a […]

Iran Air to Recruit Female Pilots: CEO

CEO of Iran Air Farzaneh Sharafbafi said the country’s national flag-carrier airline plans to recruit female pilots for the first time. “This is highly significant for us to have female pilots among our personnel,” Sharafbafi made the announcement on Tuesday. Iran Air is based in Tehran and flies to more than 25 domestic destinations and […]

Media Abuzz over Sudden Resignation of Tehran Mayor

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On March 14, Iranians woke up to a surprising piece of news: Tehran’s mayor, prominent Reformist Mohammad Ali Najafi, who was only chosen as mayor in August, had submitted his resignation to the city council. Explaining […]

Iran says IS Resurgence could Hamper Iraq Oil Deal

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. The Islamic State (IS) appears to be staging a comeback in parts of Iraq, which could endanger the country’s oil deal with Iran. Hamid Hosseini, the Iranian secretary-general of […]

Tehran-Ashgabat Business Forum slated for Late March

Iran and Turkmenistan are planned to hold a joint business forum in Ashgabat in late March, a report said. According to the report carried by the official website of Iran Chamber of Commerce, Industries, Mines and Agriculture, Iranian and Turkmen traders will participate in the joint forum. It will be held concurrent with Iranian President […]

Iran’s Agriculture Minister Survives Impeachment Vote

Iranian Agriculture Minister Mahmoud Hojjati on Wednesday joined his two comrades to survive a vote of no-confidence in the parliament. The agriculture minister was the third cabinet member to survive a no-confidence vote in the past two days. The agriculture minister took the podium in an open session of the parliament on Wednesday morning to […]

Russian Firm to Invest $740m in Iranian Oil Fields

Russia’s state-controlled Zarubezhneft signed an agreement in Tehran on Wednesday to re-develop two oil fields in western Iran. It was the second post-sanctions oil contract awarded to Russia by Iran. Based on the agreement, the Russian firm would re-develop Aban and West Paydar oil fields. Both fields are located in areas bordering Iraq and are […]

Tillerson departure Threatens Iran Nuclear Deal

By John Lee. US President Donald Trump’s firing of Secretary of State Rex Tillerson may hasten the demise of the Iran nuclear deal, the Joint Comprehensive Plan of Action (JCPOA). Tillerson’s replacement, CIA chief Mike Pompeo, has expressed hawkish views on Iran and the nuclear deal. Trump delivered an ultimatum to European powers in January, […]