Iran Hedges its Bets in Syria

By Ellie Geranmayeh, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The countries party to the statement of the International Syria Support Group, which was agreed to Nov. 14 in Vienna, seek to implement a road map to end the Syrian conflict under conditions most […]

Iran Targets $60bn Trade with Turkmenistan

President Rouhani and his Turkmen counterpart President Gurbanguly Berdimuhamedow held a joint meeting in Tehran and described Tehran-Ashgabat ties amicable, stressing the need to design a long-term cooperation plan. Pointing out that the two countries enjoy historic ties with each other, President Rouhani said: “Tehran-Ashgabat relations have always been amicable and are deepening to the […]

Iran in Talks on Major Shipbuilding Projects

By John Lee. Iran plans to unveil a series of grand projects in partnership with major world shipbuilders, according to a report from Iran Daily. Talks have been held with South Korean, Italian, Chinese, German and Turkmen companies on joint ventures, said The Managing Director of the Iran Shipbuilding and Offshore Industries Complex Company (ISOICO), […]

Thailand Gateway for Iran Oil to ASEAN Countries

By John Lee. Iran’s deputy minister for international affairs and trading, Amir Hossein Zamaninia has told Shana that Thailand is ready to buy crude oil from Iran after the removal of sanctions. Following a meeting in Tehran with Suvit Maesincee, Thai Deputy Minister of Commerce, the Minister went on to say that Thailand can become […]

Video: Putin, Rouhani Press Conference

From Press TV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin say they will further expand cooperation in fight against terrorism. President Rouhani made the comments during an MOU-signing ceremony held after the third […]

China Proposes High-Speed Rail Link to Iran

The Chief Engineer of China Railway Corporation has proposed a ‘Silk Road’ high-speed railway connecting China to West Asia via Central Asia, through to Tehran. Fars News Agency reports that He Huawu’s proposed route was from China’s Urumqi and Yining to Almaty in Kazakhstan, then to Bishkek in Kyrgyzstan, Tashkent and Samarkand in Uzbekistan, Ashgabat […]

Iran Export Development Bank, Russian Bank sign MoU

The Export Development Bank of Iran (EDBI) and RFC Bank of Russia have signed a Memorandum of Understanding (MoU) on banking cooperation in the twelfth session of the Joint Commission on Economic and Trade Cooperation between Iran and Russia. Kamran Rezvani, head of Finance Management for International Affairs of the Export Development Bank of Iran, […]

Iran Negotiates Exporting LNG via Oman

Petroleum Minister Bijan Zangeneh negotiated exporting liquefied natural gas (LNG) from Iran via Omani ports during a meeting in Tehran with Omani minister of Oil and Gas Mohmmed bin Hamad Al Rumhi. “The main item on the agenda was using Oman’s unused LNG facilities,” Managing Director of the National Iranian Gas Export Company (NIGEC) Alireza […]

Do Hard-Liners really want to Stop Foreign Investment?

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ultraconservatives in Iran are stepping up their crackdown on civil liberties in a move to send a message to the West — and the United States in particular — that the July 14 nuclear […]

Arak Reactor Redesign to Take 5 Years

A spokesman for the Atomic Energy Organization of Iran (AEOI) has said the redesign of the Arak heavy reactor will take 5 years. Behrouz Kamalvandi told ISNA that the roadmap phase may last for 2-3 months and “then we will enter the hard phase.” He noted that representatives of P5+1 countries as well as the […]

IS-Linked Cell Arrested near Iraqi Border

General Mohammad Ali Jafari (pictured), the head of Iran’s Islamic Revolutionary Guards Corps (IRGC), has told ISNA news agency that security forces have arrested members of a jihadist cell linked with the Islamic State group (IS, ISIS, ISIL) in Kermanshah province, near the country’s border with Iraq. According to AFP, he provided no details on how […]

3rd GECF Summit kicks off

The third Gas Exporting Countries Forum (GECF), presided over by Dr Rouhani, was opened in Tehran on Monday in the presence of presidents from nine countries. Among the heads of states attending the 3rd GECF are presidents of Russia, Iraq, Bolivia, Venezuela, Guinea Equatorial, Nigeria and Turkmenistan, as well as the Prime Minister of Algeria. […]

Tehran, Amsterdam Eye Boosted Gas Trade

Henk Kamp, The Minister of Economic Affairs of the Netherlands, has met with Managing Director of the National Iranian Gas Company (NIGC), Mohammad Reza Araqi, to discuss boosting gas ties. During the meeting, the Dutch official said Dutch companies are prepared to boost their presence in Iran for investing in and constructing gas refineries and […]

Iran may Buy up to 100 Russian Jets

Russia’s Deputy Prime Minister Dmitry Rogozin has told Rossiya-24 television channel that Russia may deliver approximately 100 Sukhoi Superjet aircraft to Iran before 2020: “… one of the largest Iranian airlines held negotiations with UAC on the possible delivery of ready planes within five years. Different [numbers] have been mentioned and I can mention them […]

Big German Delegation to Visit Iran

By John Lee. IRNA reports that former German Chancellor Gerhard Schroder (pictured) is to lead a major trade delegation to Iran. The exact timing of the visit has not yet been announced. Trade between the two countries stood at 2.39 billion euros last year, and is expected to increase to 10 billion euros within three […]

More UNDP Jobs in Iran

The United Nations Development Programme (UNDP) has advertised for a number of positions in Iran: National Consultant for Finalization and Design of Integrated Management Plans (IMPs) National Coordinating Consultant for Development of Sectoral Guidelines Technical Officer Project Focal Point Interested candidates should send their completed & signed P11 form with a covering letter – as a scanned attachment – […]

Khesht Oilfield Operational by March 2016

Crude oil from Khesht oilfield will come online by the end of the current Iranian calendar year (March 21), the operator to the field’s development projects said. Managing director of South Zagros Oil and Gas Production Company (SZOGPC) said they will start production of 20,000 bpd of crude oil recovered from the field by the […]

Gas from South Pars 19C Online by Winter

Iran has finished installation of platform 19C of South Pars phase 19 to bring production from SPD2 platform to 0.5bcf by winter, the operator of the phase has said. Hamid Reza Masoudi said installation of the offshore platform of phase 19 by an Iranian installer at its designated place was completed on Tuesday, November 17, […]

Iran Targets New Investments in Refineries Abroad

Iran is negotiating to buy shares in oil refineries in Europe, Latin America and Asia, its deputy oil minister was quoted this week as saying by Iran’s Mehr news agency. Abbas Kazemi, who is also head of the National Iranian Oil Refining and Distribution Company (NIORDC), said: “Buying the oil refineries or their shares abroad […]

Iran ‘Starts Dismantling Nuclear Equipment’

A senior diplomat has reportedly said that Iran has disconnected almost a quarter of its uranium-enriching centrifuges in less than a month, according to a report from Reuters. The news agency quotes him as saying: “They have been dismantling centrifuges that did not contain [uranium] hexafluoride … “Dismantling centrifuges that have or have had hexafluoride […]