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 […]

Iraqi Kurdistan to Export Oil through Iran

BasNews reports that the Kurdistan Regional Government (KRG) is planning to build pipelines transporting oil and gas to and from Iran. Abdullah Akrayi, the Head of the KRG’s Department of Relations with Iran, told BasNews that Erbil has resumed discussions with Tehran to establish two pipelines importing gas from Iran and sending KRG oil to […]