Iran will Sign New Oil Deals Worth $15bn

Managing Director of the National Iranian Oil Company Ali Kardor announced that the NIOC will sign several multi-billion-dollar crude contracts with foreign countries to develop the country’s energy fields. “We estimate to conclude new oil contracts with international companies valued at $15 billion,” Kardor, also Iranian Deputy Oil Minister, said. He, meantime, pointed to the […]

Iran’s Central Bank must Regulate Unlicensed Actors

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. Despite all modernization efforts, Iran is still a cash-based economy where banks and financial institutions play a significant role. Ever since the privatization of the banking sector in the early 2000s, the Central Bank […]

As Extremists Lose Power in Iraq, Militias Loyal to Iran Gain it

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iraqi government’s next big problem is coming into view: The group of powerful Shiite Muslim militias loyal to Iran seem to want to keep the country enmeshed in regional […]

Iran Petchem Holding Talks with Japan for Tech Transfer

Iran’s Parsian Oil & Gas Development Group Co. (PODGC) is holding talks with a Japanese company for receiving the technical savvy for production of ethylene glycol from natural gas, PODGC director said. Mohammad Ebrahim Yousef Zadeh said the item is produced based on ethylene which is a pretty costly raw material for ethylene glycol production. […]

Second-term Rouhani likely to move closer to Russia

By Hamidreza Azizi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After weeks of heated campaigning and controversial televised debates, Iranian President Hassan Rouhani managed to secure a second term in the May 19 presidential elections. Now, with electoral passions considerably eased, the question of […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Finance & Administration Coordinator, Danish Refugee Council (DRC) Intern – Programme Support (Disaster Risk Reduction and Mitigation), United Nations Human Settlements Programme Intern – Programme Support (Public Information and Communication), United Nations Human Settlements Programme Intern – Programme Support (Graphic Design), United Nations Human […]

Tehran, Vienna See Oil, Energy Cooperation Opportunities

Austrian finance minister met Iran’s minister of petroleum in his Tehran office to discuss cooperation avenues in oil and gas projects. Hans Jorg Schelling met Iranian Minister of Petroleum Bijan Zangeneh in Tehran on Sunday at the head of a high-profile economic delegation. Also accompanying Mr. Schelling was Austrian Ambassador to Tehran Friedrich Stift. Enhancing […]

Iran Capitalises on Qatar crisis

By Hassan Ahmadian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On June 5, Saudi Arabia along with the United Arab Emirates, Bahrain and Egypt severed diplomatic and trade relations with Qatar, effectively imposing a siege on Doha. Besides the many discussions surrounding its causes, […]

Iran to Enhance Tourism Ties with East Asians

Iran is going to hold talks with Japan, South Korea and China to facilitate tourism, a vice president said. The country is contemplating easing visa restrictions for tourist trips to Japan, South Korea, and China, Head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization Zahra Ahmadipour told Tasnim. Delegations from the three countries are scheduled […]

Iran, S. Korea Seal LNG Deal

Iran and South Korea have signed a technological cooperation agreement to for jointly developing small liquefied natural gas units. The 4-year deal concerns developing the technical savvy needed for construction of ISO containers for LNG units by consotriums from Iran and S. Korea, said Saeid Pakseresht, director of research and technology at the National Iranian […]