Tag Archives | featured

Iran, Spain Sign MoUs in Tehran

A top Spanish delegation, led by Foreign Minister Alfonso Dastis, signed two memorandums of understanding on political and economic cooperation with Iran on Wednesday. The senior Spanish diplomat and his accompanying team held a meeting with Iranian Foreign Minister Mohammad Javad Zarif in Tehran, discussing bilateral and regional issues. Touching on the history of relations […]

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UK-based Mining Firm in Iran Deal

UK-based Alexander Mining has announced that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım AS (“Proses”). The Agreement covers the potential application and use of Alexander’s proprietary processing technologies and know-how (“MetaLeach Technology”) in the Middle East, including Turkey and Iran […]

Iranian, Dutch FMs Discuss Closer Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Dutch counterpart, Sigrid Kaag, exchanged views about a range of issues, including ways to promote bilateral relations between the two countries in diverse political and economic fields. Meeting in Tehran on Wednesday, the two sides discussed the latest regional and international developments and explored avenues for the […]

Iran ready to launch Petchem Projects

Iran is about to launch three major petrochemical projects which will add at least 146,000 tons to the country’s annual production capacity. The downstream projects will be launched in a ceremony slated for next week with Managing director of the National Petrochemical Company (NPC) Reza Norouzzadeh in attendance. The facilities are constructed with an investment […]

Iran considers 3 New Gas Research Institutes

A senior Iranian gas official says the country is planning to launch three specialized gas-research institutes in cooperation with leading universities and study centers. Speaking on the sidelines of a ceremony to launch the Gas Processing Institute of the Research Center of Petroleum Industry (RIPI), Hamid Reza Araghi, the managing director of National Iranian Gas […]

Iran to Withdraw from JCPOA If Benefits Remain Elusive

Iran will withdraw from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), if there is no economic benefit and major banks continue to avoid cooperation with the Islamic Republic, the deputy foreign minister said on Thursday. Under the deal with Britain, China, France, Germany, Russia and the United States, Iran […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Protection Coordinator, Norwegian Refugee Council (NRC) Head Of Field Office, United Nations High Commissioner for Refugees (UNHCR) Protection Assistant, United Nations High Commissioner for Refugees (UNHCR) (Source: UN) (Picture credit: Amir1140)

Iran Attracts $10bn in Foreign Investment Post-JCPOA

Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said the country has managed to attract $9.7 billion in foreign investment since the coming into force of the 2015 nuclear deal with six world powers, known as the Joint Comprehensive Plan of Action (JCPOA). Addressing a festival held in Tehran in support of the country’s […]

Iran to hold Tenders for $5bn Oil Projects in 2018

The National Iranian Oil Company (NIOC) says it will hold tenders for the development of $5 billion worth of oil and gas projects in Iran during the new calendar year beginning on March 21. The NIOC managing director, Ali Kardor, said that the company has prepared the bidding documents for a package of about $5 […]

US Moves Against “Illicit Iran Aircraft Network”

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has acted against Turkish national Gulnihal Yegane and three affiliated Turkish companies who are involved in illicitly procuring and supplying Iranian airlines with U.S.-origin aircraft engines and spare parts. The action, called a “temporary denial order” (TDO), suspends the export privileges of Gulnihal Yegane (“Yegane”), […]

What Trump needs to know about Iranians

By Seyed Hossein Mousavian for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ever since the 1979 Islamic Revolution, the implicit goal of US strategy toward Tehran has with rare exception been to subvert the Iranian political system. Under President Donald Trump, regime change has been adopted […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Advocacy and Communication Officer, Norwegian Refugee Council (NRC) Project Focal Point in Prisons Organization – HIV/AIDS Component, United Nations Development Programme (UNDP) (Source: UN) (Picture credit: Amir1140)

EU considers Connecting Iran to Southern Gas Corridor

The EU is ready to discuss the possibility of connecting Iran to the Southern Gas Corridor, European Commission Vice-President for Energy Union Maros Sefcovic said at a press conference in Baku. This will also depend on Iran’s strategy, as presently the country mainly focuses on increasing oil export, Sefcovic said Thursday following the Fourth Ministerial […]

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]

Iran to process Russian Wheat for Iraqi Flour Market

By John Lee. Iran is said to be negotiating a deal to import around 100,000 tonnes of wheat per month from Russia, enabling private millers it to increase flour exports to Iraq. Iraq imports about 3 million tons of flour a year, almost half of its demand of 6.9 million tons a year. According to […]

Big Growth Expected in Iran’s Car Market

By John Lee. Iranian car maker Iran Khodro (IKCO) expects Iran’s car production to hit 3 million units annually by 2025, of which 60 percent (1.8 million units) would be produced by IKCO, up from 24 percent in 2016. Addressing Iran’s 5th Automotive Industry International Conference in Tehran on Tuesday, company CEO Hashem Yekehzare (pictured) […]

165 Afghan Firms to Work at Chabahar Port

The government of Iran has issued licenses to 165 Afghan companies to invest and operate in the country’s strategic port of Chabahar that is on a course to open a transport corridor to landlocked Central Asian nations. “Among the 500 companies licensed to operate in the free trade zone of Chabahar Port, 165 of them […]

Iran, Azerbaijan Relations Warm Up after Years of Frost

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The collapse of the Soviet Union in 1991 was followed by the independence of several states in the Caucasus, including the Republic of Azerbaijan. While the newfound Azerbaijani state has not enjoyed warm ties […]

Total CEO Urges Trump to Honor JCPOA

The head of French oil major Total has urged US President Donald Trump to stick with the 2015 nuclear deal between Tehran and world powers, a report said. Total’s CEO Patrick Pouyanne said he had raised the topic of Iran with Trump at a dinner in Davos in January, and asked the president to keep […]