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 […]

Paris Attacks: Iran Likely to Join War on IS

The Independent quotes senior diplomatic sources as saying that Iran is likely to emerge as a member of a coalition fighting the Islamic State group (IS, ISIS, ISIL) in the aftermath of the Paris massacre. Iran’s President Hassan Rouhani has telephoned his French counterpart to stress the “crucial importance to fighting against terrorism and Daesh [Isis] […]

9 Presidents to Visit Tehran for GECF Summit

Iranian Minister of Petroleum Bijan Zangeneh (pictured) said the presidents and heads of state of 9 countries have confirmed their participation in the upcoming International Gas Exporting Countries Forum (GECF) meeting in Tehran on November 23. This is the first time that such a number of heads of state and government have confirmed their participation […]

Iran Targets 330bcm/y Gas Output by 2017

Iran is planning to boost its processed natural gas output to nearly 330 billion cubic meters a year by the next two years, head of National Iranian Gas Company (NIGC) said. “The Islamic Republic of Iran, as the world’s biggest holder of natural gas reserves, has defined several scenarios for exporting and boosting its presence […]

West Ethylene Pipeline Breaks Record in Feedstock Supply

The West Ethylene Pipeline has set a new record in supplying feedstock to 8 petrochemical plants along its way, a petrochemical official said. Ali-Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said the pipeline supplies 140 t/h of ethylene to the petrochemical plants which is unprecedented record. Arvand, Qadir, Rejal, Amir Kabir, […]

Caviar Back on the Market as Sanctions Begin to Ease

Associated Press reports that an ambitious project on the shores of the Caspian Sea hopes to produce caviar, boosting Iran’s economy as sanctions ease. Iran sold more than 40 tons of sturgeon eggs in 2000, but xports fell to just 1 ton last year due to dwindling fish stocks and trade sanctions. “We hope that […]

Hope Rises for Karoun River

Karoun River is situated in west of Iran and it is 950 km long. An expert team from Geneva Canton Water Department recently visited Karun River in Khuzestan to closely view the current situation of the watershed and assess possible cooperation with UNDP and Khuzestan Water and Power Department on renaturation of this important river. […]

Iran to Launch a New Airline

Trend News reports that a new airline is to be launched in Iran. TehranAir, headed by the former head of the country’s airports company, Mohammad Ilkhani, is expected to buy ten Airbus A320 aircraft. (Source: Trend News)

Isfahan, Salzburg sign MoU

A memorandum of understanding on cooperation in tourism, industry, arts, water, technology and student exchange has been signed between the Governor of Isfahan Province Rasoul Zargarpour, and the Governor of the Austrian city of Salzburg, Wilfried Haslauer. “The MoU provides a good basis for increasing collaboration between Isfahan and Salzburg,” said Haslauer, adding that fostering […]

Putin to attend Iranian Gas Forum

President Hassan Rouhani and his Russian counterpart Vladimir Putin in a telephone conversation Friday afternoon exchanged views on subjects of mutual interests and the regional issues. Putin said that he will pay a visit to Tehran on November 23 to take part in the 3rd International Gas Exporting Countries Forum. President Putin will also meet […]

NIDC to Add Rigs to South Azadegan Oilfield

The First Deputy Managing Director of the National Iranian Drilling Company (NIDC) said the company will add two more drilling rigs to the development project at South Azadegan oilfield. Mohammad Reza Takayedi told Shana that NIDC has been tasked with drilling operations of 40 wells in a 24-month period. He said if the operator of […]

NPC Focused on Foreign Investments

Director of planning at Iran’s National Petrochemical Company (NPC) says the company is seriously focused on attracting foreign finances to complete the country’s under-construction petrochemical projects. Hamidreza Rostami said NPC’s top priority for the time being is activating Iran’s petrochemical production capacity which is 60mt/y and then to move on to secondary priorities which are […]

Fruit Import Ban Still in Effect

The Deputy Minister of Agriculture for horticultural affairs, Mohammad Ali Tahmasbi, has confirmed that the ban on fruit imports is still in place, and has called on executive bodies to take action against illegal fruit imports. The Minister went on to say: “Illegal imports not only increase the risk of plant pests and diseases, they […]

UN calls on Iran to Stop Intimidating Journalists

UN experts call on Iran to stop intimidating journalists ahead of parliamentary elections The authorities in Iran should stop arresting, prosecuting and harassing journalists and online activists, and provide a safe space for freedom of expression as the country prepares for parliamentary elections early next year, UN human rights experts said today. “Increasing intimidation of […]

Foreign Investors to Flock to Iran in H2 2016

A senior petrochemical official says Iran will be targeted by foreign investors, mostly Europeans, in the second half of 2016. Isa Mashayekhi, managing director of Iran International Petrochemical Company (IIPC), said investments in Iran’s petrochemical sector have been seriously impacted by the sanctions whose removal will boost the industry in Iran. “Once JCPOA is implemented, […]

Russneft Officials in Tehran for Oil, Gas Swap Talks

A delegation from the major Russian oil company Russneft met officials from Iranian Ministry of Petroleum on Wednesday with a swap of oil and gas on agenda for negotiation. A joint committee was set up to continue the talks between the two sides, ministry sources told Shana. During the recent visit of Russian Energy Minister […]

Iran, Iraq Sign 6-Year Gas Deal

Iran has agreed to send 35 mcm/d of its gas to the Iraqi city of Basra for a period of 6-years. Based on the deal, signed by Head of National Iranian Gas Company (NIGC) Reza Araqi and Iraqi Deputy Minister of Electricity Khalid Hassan Saleh, Iran will supply 20mcm/d of natural gas to Basra in […]

Grain Traders Eye Business in Iran

Food wasn’t subject to the sanctions imposed on Iraq, but according to a report from Bloomberg the rules created enough difficulty to keep many grain suppliers out. While the biggest traders, such as Bunge and Cargill kept operating in the country, the end of sanctions is a chance to expand operations. German firm BayWa sent […]

How Internet Censorship Protects Iranian Businesses

By Mahmoud Pargoo, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran continues to restrict access to US-based social media networks such as Facebook, YouTube and Twitter as well as many other websites considered immoral or against its national security. Late last month, even Telegram, […]

BASF Ready to Invest in Iran Petchem Projects

Major European chemical manufacturing companies including Germany’s BASF are ready to transfer technology and invest in Iran’s petrochemical industry, first deputy managing director of National Petrochemical Company (NPC) said. Mohammad Hassan Peyvandi told participants at the Petchem Investment Panel of an international financial conference in Kish Island on Tuesday that a secured Iran tops foreign […]