Iran in Talks on Spanish Refinery

By John Lee. Abbas Kazemi, head of the state-run National Iranian Oil Refining and Distribution Company (NIORDC), has said that Iran is in talks to help build a 200,000-bpd refinery in Spain. “The safest way to increase the exports is investment in refineries abroad. On this basis, the petroleum ministry wants to invest in refineries […]

Iran seeks Investors for LNG Plant

By John Lee. A senior Iranian gas market official has told Argus that Iran has initiated discussions with foreign companies for the sale of some shares in an LNG (liquified natural gas) export project, which it hopes will be revived once sanctions on the country are lifted. Mostafa Sharif, of the state-owned gas firm NIGC‘s […]

Iran-India Energy Cooperation Opens New Horizons

By Dr. Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Last month, Turkmenistan began construction of an ambitious $7.6 billion pipeline to export natural gas to India via Afghanistan and Pakistan. The project, known as TAPI (Turkmenistan-Afghanistan-Pakistan-India), will supply 33 million cubic meters […]

Oil Majors head to Tehran ahead of Sanctions Relief

By John Lee. Reuters reports that oil majors Total and Shell have sent executives to Tehran ahead of the expected the lifting of international sanctions on Saturday. According to Iran’s Mehr news agency, they will meet officials from the National Iranian Oil Company (NIOC) and National Iranian Tanker Company (NITC) on Sunday. (Source: Reuters)

Video: Washington Post Journalist Jason Rezaian Freed

From Washington Post. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran has freed Washington Post journalist Jason Rezaian, according to Iranian news media. He was arrested in Iran in 2014 and convicted of espionage last year. Here’s what you need to know about […]

Iran Plans to Sell New Oil Grade

By John Lee. Iran is said to be planning to sell a new grade of crude oil in March or April, as it prepares to boost production following the removal of sanctions. An official at state-run National Iranian Oil Company (NIOC), who declined to be identified, told Bloomberg Business that most of the crude in the […]

UNDP Advertises for Intern in Tehran

The United Nations Development Programme (UNDP) has advertised for the position of Humanitarian Intern (Ref: UNOCHA001/2016) at UNOCHA in Tehran: Interested candidates should send their completed & signed P11 form with a covering letter – as a scanned attachment – to [email protected] within the fixed application deadline. The vacancy notice number should be referred in the application/ covering letter. (Source: UNDP)

Azerbaijan Bans Iranian Meat Imports

By John Lee. Azerbaijan has introduced a temporary restriction on the import of livestock and livestock products from Iran. According to the report from Financial Tribune Daily, the ban follows an outbreak of foot and mouth disease in the Iranian province of Qom. “The import of animals and animal products from the provinces of Qom, […]

Chinese President due in Tehran Next Week

By John Lee. Chinese President Xi Jinping (pictured) is to visit Tehran on 22nd January at the invitation of President Rouhani. He is heading a high-ranking political and economic delegation on a two-day official visit. In addition to talks during the visit, it is expected that several commercial deals will be signed. (Source: IRNA)

Renault-Nissan ‘Ready’ for Iran

By John Lee. The head of the Renault-Nissan alliance has said the company is ready to expand its manufacturing footprint in Iran once sanctions are lifted. Carlos Ghosn (pictured) told reporters that the company will be “extremely careful” in how it proceeds, but added, “Iran is a very promising market … Today it’s more than […]

Are Reported Iran-Russia Arms Deals Genuine?

By Abbas Qaidaari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s foreign policy has experienced many developments following the signing of the Joint Comprehensive Plan of Action with six world powers on July 14. The most significant of these changes is perhaps how Russia […]

Rouhani Fires Back at Criticism of Economic Management

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The price of oil dropped to $31.56 per barrel on Jan. 11, a 12-year low. While the news has been tough on all oil-exporting countries, perhaps no one feels the pressure more than Iran’s […]

New Ambassador to Denmark Named

Following the recommendation of Foreign Minister, Mohammad Javad Zarif, and the approval of President Hassan Rouhani, Iran’s new Ambassador to Denmark Morteza Moradian (named) was named on Wednesday. Moradian had already served as director general for the Commonwealth of Independent States (CIS), Caucuses, north western neighbours, deputy director general for Western Asia, and Irans ambassador […]

Iran Preparing for Unfreezing of $30bn

By John Lee. PressTV quotes the governor of the Central Bank of Iran (CBI), Valiollah Seif (pictured), as saying that the CBI has started preparation for the much-awaited unfreezing of around $30 billion in Iranian funds but have been frozen in overseas banks as a result of sanctions. Seif said the money could be made available […]

Airbus Targets Iranian Jet Market

By John Lee. The head of Airbus’s passenger jet unit has told the Financial Times that the company is poised to re-enter the Iranian aircraft market when sanctions are lifted. Fabrice Brégier (pictured) said: “We have made some contacts … This is potentially a huge market for Airbus and our competitors. “We are dependent on the […]

Malaysia’s Petronas to Buy Iranian Oil

By John Lee. Malaysia’s Petronas has announced that it will purchase oil from Iran, following a break of after three years. Company President and CEO, Datuk Wan Zulkiflee Wan Ariffin (pictured), said on Wednesday that Petronas stopped importing crude oil from Iran in 2012 but it will consider purchase of oil from the Middle Eastern […]

Iran Increases Food Exports to Russia

By John Lee. The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), Massoud Khansari (pictured), has announced that 500 trucks carrying foodstuffs have been dispatched to Russia in the past week, via the Azerbaijan Republic. According to Tasnim News Agency, Iran has made great efforts in recent months to replace Turkey in the […]

SPGC Exports 3.2m Tons Sulfur

The South Pars Gas Complex (SPGC) exported more than 3.23 million tons of granular sulfur in the nine months ending 21st December. Average daily sulfur production at SPGC’s first, second, third, fifth and ninth refineries stands at 1,300 tons, Masoud Hassani, the SPGC’s managing director, told Shana. Granular sulfur is used in chemical, textile, metallurgical, […]

Iran Frees US Sailors

By John Lee. Iran’s Revolutionary Guards (IRGC) have released the 10 US sailors who were detained on Tuesday for entering its territorial waters. The Commander of the IRGC’s Navy Brigadier General, Ali Fadawi [Ali Fadavi] (pictured), said the vessels entered Iran’s waters because their navigation systems had broken down. U.S. Secretary of State John Kerry […]