Controversy in Iran over Rouhani’s call for Referendum

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian President Hassan Rouhani’s proposal to hold a referendum to resolve the issues and differences between conservatives and Reformists have led many to harshly attack him. On Feb. 11, the anniversary of the 1979 Islamic Revolution, moderate […]

NIDC Drills 143 wells in 10 Months

The National Iranian Drilling Company (NIDC) has drilled 143 oil and gas wells over the course of the past 10 months. Sepehr Sepehri, NIDC managing director, has said that his company has drilled 222,381 meters of wells during the period, spuding development, workover, exploration and appraisal wells. He said the projects were carried out in […]

France to Urge Firms to Do Business in Iran

France will encourage its firms to do business in Iran despite nuclear deal limbo, a senior French finance official said on Thursday. “France will encourage its firms to do business in Iran” despite uncertainty over the landmark 2015 nuclear deal putting the business environment in limbo, Joffrey Celestin-Urbain, director of bilateral relations at the French […]

Oil Production Capacity to Increase by 700,000 bpd

Iran aims to raise its crude output capacity to 4.7 million barrels per day within the next four years, Deputy Oil Minister Amir Zamaninia told a conference in Paris. “We are striving for the next 3, 4 years we are planning to increase our production by about 700,000 taking our production to 4.7 million bpd,” […]

China Reports Rise in Trade with Iran

Data released by the Chinese Customs Administration indicate that the value of China’s trade exchange with Iran in 2017 has increased by 19 percent compared to the previous year. Figures show that trade turnover between Iran and China has stood at $37.18 billion in 2017, around 19 percent higher than 2016. China’s exports to Iran […]

“No US License Needed” to Buy Sukhoi Jet

The modifications that Sukhoi has made to its Superjet-100 passenger plane would allow the Russian aircraft manufacturer to sell the plane to Iran without the need for a license from the US Treasury’s Office of Foreign Assets Control (OFAC), an Iranian official announced. Speaking to Tasnim on Monday, Secretary of Association of Iranian Airlines Maqsoud […]

Japan to Fund Medical & Environment Projects in Iran

By John Lee. The Japan International Cooperation Agency (JICA) has reportedly signed two grant agreements in Iran: one with Iran’s Health Ministry to provide grant aid of up to 1.534 billion yen (nearly $14 million) for medical testing and treatment equipment; and, one with Tehran Municipality to provide grant aid of up to 1.242 billion yen […]

Speaker Requests Iran’s Help in Reconstruction of Iraq

Iraqi Parliament Speaker Salim al-Jabouri praised Iran for supporting the Arab country in the fight against terrorism, calling for Tehran’s continued assistance and partnership in the reconstruction and development of Iraq. In comments at a Sunday meeting in Iran’s Baghdad embassy, held to mark the victory anniversary of the Islamic Revolution, Jabouri expressed the hope […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Finance Officer – Tehran based (Iran Nationals Only), Norwegian Refugee Council (NRC) SGP Programme Assistant, United Nations Development Programme (UNDP) (Source: UN) (Picture credit: Amir1140)

Countdown to Launch of Hengam Gas Treatment Facility

The Iranian Offshore Oil Company (IOOC) will launch the gas processing facilities of Hengam joint gas field soon, IOOC managing director said. According to the company, Hamid Bovard, the IOOC managing director, said the plant is being launched in line with the Economic Resilience policies of the Islamic Republic of Iran with the aim of […]

Oman Budget Airline to serve Shiraz

By John Lee. Oman’s SalamAir is to launch its first service to Iran from 28th February. The budget airline will operate two weekly flights to Shiraz, which it says is seeing increasing popularity as a medical and tourism destination. It also expects to launch services to Tehran and Mashhad in the future. (Source: Muscat Daily)

Pak-Iran Joint Working Group on Tourism

By John Lee. Pakistan and Iran have reportedly agreed to set up a working group to promote tourism in their respective countries. An Iranian delegation visiting the Pakistan Tourism Development Corporation (PTDC) on Tuesday said that Iran is ready to extend its full cooperation to the PTDC in the promotion of tourism. The working group will […]

RIPI develops Membranes for Water Treatment

The Research Center of Petroleum Industry (RIPI) has developed polymer membranes used for treating contaminated water. Fatemeh Rekabdar, responsible for membrane project at RIPI, has described membrane technology as one of the most advanced technologies in the world, saying: “This technology is one of the best ways to clean water and wastewater in various industries […]

Iraqi Kurds manoeuvre to get Closer to Iran

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iraqi Kurds have given reassurances to Tehran that they will not allow Kurdish opposition groups to launch cross-border attacks from Iraqi Kurdistan, a major development in the warming up of relations between Erbil and Tehran. […]

Conserving Iran and Iraq’s Wetlands

There’s growing awareness in the Islamic Republic of Iran that wetlands are valuable and sustain livelihoods. Ramsar, “the gem of northern Iran”, is the town that gives its name to the Ramsar Convention. The Convention is an intergovernmental treaty that provides the framework for national action and international cooperation for the conservation and wise use […]

Rouhani orders Armed Forces to Sell all Business Assets

By John Lee. Bloomberg quotes President Rouhani as saying that Iran’s armed forces, the largest state pension fund, and other branches of the government, must withdraw from all their commercial holdings to help save the economy. Rouhani said: “Not only the Social Security Organization but all government sectors, including banks, have to divest their business holdings, […]

Total Considers Measures to Protect Business in Iran

By John Lee. Total’s CEO Patrick Pouyanné (pictured) has said that the South Pars project was “progressing well, without delay, and [Total] continues to work, even if the situation with the American Congress is rather vague.” He added that he does not consider any future snapback of US sanctions to be automatic game-over for the […]

Austrian Bank to Finance Iranian Nuclear Hospital

By John Lee. Austria’s Oberbank will reportedly provide $248 million to finance the construction of Iran’s first nuclear hospital. According to a report from Healthcare Global, the new facility will house up to a thousand beds and will be one of the largest of its kind in the Middle East, providing world-class radiotherapy services. Once […]

Iran has settled Gas Dues to Turkey: NIGC

The managing director of National Iranian Gas Company (NIGC) said Iran has settled its debt to Turkey for overcharging gas and from now on receives payments for its gas flow. Hamidreza Araghi told a press conference on Monday that if Iran does not play a crucial role in the international gas market, it does not […]

ATA Airlines to start Islamabad-Mashhad Flights

By John Lee. Iran’s ATA Airlines is set to launch a weekly flight between Mashhad and Islamabad. Daily Pakistan reports that the inaugural flight will arrive at Islamabad Benazir Bhutto International Airport on Saturday 10th February 10:00 pm, departing on Sunday at 1:00 am. Kish Air is operating direct flights between Islamabad and Tehran; Iran […]