Tag Archives | Ahvaz

Talent Continues to Leave Iran in Droves

By Zahra Alipour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Seven exceptionally talented Iranian math students lost their lives in a bus crash on March 17, 1998. One of them was enrolled at Tehran University, while the others were studying at Sharif University of Technology. […]

Record High Temperatures in Iran

Temperatures in the southwestern city of Ahvaz hit 53.7°C (128.7 degrees Fahrenheit) on Thursday, with another source citing 129.2 degrees F. If confirmed, this would arguably tie for the hottest temperature ever measured on Earth in modern times, according to a report from The Independent. The Iranian cabinet decided on Wednesday to authorise banks, state […]

NISOC, MAPNA agree Oilfield Study

A memorandum of understanding between the National Iranian South Oilfields Company (NISOC) and MAPNA Industrial Group has been signed in Ahvaz. According to this contract, three reservoirs of Karanj, Parsi and Rag Sefid will be studied within 6-months. In December, a Memorandum of Understanding (MoU) and Non-Disclosure Agreement (NDA) was signed between National Iranian South […]

Russia, Iran reach Power Agreement

Mehr News Agency reports that Russia’s Inter RAO – Export LLC has signed an MoU with Iran’s Khuzestan Water & Power Authority to expand the Dez hydro-electric power plant (pictured) by 720 MW. The project will include the construction of an additional turbine hall. The Russian company will also participate in the modernization of Ramin […]

Minister Updates on Refinery Developments

Iran is to start operating the first phase of Persian Gulf Star Refinery during the second half of the next Iranian calendar year which begins on March 21. The Deputy Petroleum Minister, Abbas Kazemi (pictured), told Shana that the refinery will start producing high-octane gasoline. The Minister, who is also the Managing Director of the […]

Iran, Iraq Discuss Azadegan Oilfield

By John Lee. Iraq’s Ambassador to Iran, Rajeh Saber Aboud al-Moussavi, has said that Tehran and Baghdad are in talks on investment in the joint Azadegan oilfield. The field, situated 80-100 kilometres west of Ahvaz in Khuzestan province, was discovered in 1999, and has reserves estimated at 33 billion barrels. It is already producing 50,000 […]