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Iran, Iraq Coordinate Plans to Dredge Border River

Official delegations from Iran and Iraq held the second meeting of a joint commission for coordination on Arvand Rud, a border river flowing in Iran’s southwestern province of Khuzestan. The Tuesday meeting was held in Tehran within the framework of an agreement signed by the heads of the two states. The meeting was co-chaired by […]

Iran, Iraq, Syria to Create Transport Corridor

High-ranking officials from Iran, Syria, and Iraq have agreed to create “a multimodal transport corridor” a part of efforts to boost trade relations between the three Muslim nations. “The three friendly and brotherly countries of Iran, Iraq, and Syria have good and growing business relations,” Iranian Deputy Minister of Roads and Urban Development Shahram Adamnejad […]

E3 and EEAS joint statement on Iran

France, Germany, the UK and the European External Action Service have issued a joint statement on the Iran nuclear deal: “The Foreign Ministers of France, Germany, the UK, and the High Representative are extremely concerned at Iran’s announcement that it has exceeded the Joint Comprehensive Plan of Action stockpile limit for low enriched uranium. The […]

Iran’s Enriched Uranium Stockpile Passes 300kg Limit

Iranian Foreign Minister Mohammad Javad Zarif said the country’s enriched uranium stockpile has passed the 300-kilogram limit as the Islamic Republic continues to reduce its obligations under the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA). “We have already announced that the European measures have not been enough and as the […]

Iran Has “Means, Will” for Environmental Protection

An under-secretary-general of the United Nations lauded Iran’s “means and will” for investment in environmental protection plans on the road to sustainable development, warning against ignoring environmental costs of economic growth in many parts of Asia and the Pacific. In an op-ed article sent to Tasnim about sustainable development, Under-Secretary-General of the United Nations and […]

Iranian National Charged In Scheme to Evade US Sanctions

A woman in the US has admitted her role in a scheme to illegally smuggle millions of dollars’ worth of aircraft parts from the United States to Iran, U.S. Attorney Craig Carpenito announced. Joyce Eliabachus, a/k/a “Joyce Marie Gundran Manangan,” 52, of Morristown, New Jersey, pleaded guilty before U.S. District Judge Madeline Cox Arleo to […]

350MW new Power Generation Capacity

Three power plants with a total capacity of 350 megawatts (MW) of electricity will be added to Iran’s national grid in coming days, the managing director of the Thermal Power Plants Holding Company (TPPH) announced. In remarks released on Monday, Mohsen Tarztalab said the first unit of the gas sector of Dalaho Combined Cycle Power […]

MoU to Accelerate Building Petchem Projects

The National Petrochemical Company (NPC) and the Iranian Mines & Mining Industries Development & Renovation (IMIDRO), have signed a memorandum of understanding to facilitate and accelerate construction of petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ). The deal was signed on Monday by Behzad Mohammadi (NPC CEO) and Khodada […]

Iran Plans Deep Cut in Reliance on Oil Incomes

Iranian Vice President Mohammad Baqer Nobakht said a new scheme to reduce the country’s reliance on oil revenues is expected to restrict the dependence on petrodollars to only 10 percent. Nobakht, who is also head of Iran’s Plan and Budget Organization, said the major scheme to lower the share of oil incomes in the budget […]

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Russia’s Energy Minister Urges Closer Ties with Iran

Russian Energy Minister Alexander Novak expressed his country’s determination to promote cooperation with Iran. Addressing a ceremony in Iran’s central city of Isfahan on Monday night, Novak described Russia and Iran as good neighbors and partners, saying the two nations are resolved to continue and enhance mutual cooperation. The Russian energy minister was speaking at […]

Iran invites People to turn in Neighbours via Text

From The Independent: Iran regime invites people to turn in neighbours for ‘moral crimes’ via text message Iran is to launch a text-messaging service to allow self-appointed guardians of morality in Tehran to turn in their neighbours or strangers for violating murky codes of public conduct, officials have said. Full story here.

Iran to Exceed Enriched Uranium Limit “in Days”

Spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi announced on Monday that the country has accelerated uranium enrichment activities and its stockpile of enriched uranium is going to surpass a 300 kg limit within the next ten days. Speaking to reporters at the Khandab heavy water facilities at the Arak nuclear site […]

US Sanctions target Iran Petrochemical Group

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC). In addition to PGPIC, […]

Nazanin Zaghari-Ratcliffe begins new Hunger Strike

Nazanin Zaghari-Ratcliffe, the British-Iranian mother detained in Iran, has begun a new hunger strike along with her husband, Richard Ratcliffe. She was jailed for five years in 2016 following a conviction for spying, which she denies. The decision came following the fifth birthday of their daughter, Gabriella, who has not been allowed to leave Iran […]

Iran to Set Up New Petrochemical Hub in Coastal Region

The National Petrochemical Company of Iran finalized a plan on Monday to construct the country’s third petrochemical hub across a coastal region in the southern province of Hormozgan. In a meeting in Tehran on Monday, the CEO of the National Petrochemical Company of Iran, CEO of Iranian Mines and Mining Industries Development and Renovation (IMIDRO), […]

US “will continue Exemptions” for Iranian Power Imports

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity […]

Iran, Turkey Restart Direct Train Services

Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run tourist trains, an official announced. Iran’s Deputy Minister of Road and Urban Development Saeed Rasooli said at a press conference on Sunday that Iranian and Turkish delegations have finalized plans, following reciprocal visits, to launch […]

Iran, Iraq ready to Dredge the Shatt al-Arab

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. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and […]

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“Invaluable Steps” to Cement Ties with Iraq

Iran Has Taken Invaluable Steps to Cement Ties with Iraq: Envoy Iran’s Ambassador to Iraq Iraj Masjedi highlighted the importance of bilateral relations between the two neighboring countries and said Tehran has taken major strides to strengthen ties with Baghdad. “We are trying to boost our relations with Iraq in all areas,” Masjedi said, addressing […]

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South Pars 3rd Phase 14 Platform Loaded

The operator of Phase 14 development project of South Pars gas field said the third platform of the offshore field was loaded for installation in its designated spot. According to the Pars Oil and Gas Company (POGC), Mohammadi Mahdi Tavassolipour said Platform 14B of the phase was loaded at ISOICO’s yard in Bandar Abbas, south […]