Tag Archives | India

Do Hard-Liners really want to Stop Foreign Investment?

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ultraconservatives in Iran are stepping up their crackdown on civil liberties in a move to send a message to the West — and the United States in particular — that the July 14 nuclear […]

Iran Targets New Investments in Refineries Abroad

Iran is negotiating to buy shares in oil refineries in Europe, Latin America and Asia, its deputy oil minister was quoted this week as saying by Iran’s Mehr news agency. Abbas Kazemi, who is also head of the National Iranian Oil Refining and Distribution Company (NIORDC), said: “Buying the oil refineries or their shares abroad […]

Iran gives 30-day visas at airports

By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]

India Pays $700m in Iran Oil Dues

By John Lee. A group of Indian refiners has paid the second instalment of $700 million to Iran to clear part of their outstanding oil dues, according to a report from The Economic Times. Essar Oil paid $338 million, while Mangalore Refinery and Petrochemicals (MRPL) remitted $299 million, IOCBSE paid another $60 million, and Hindustan Petroleum […]

Indian Group makes pitch for Farzad B Field

By John Lee. India’s ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, has submitted a revised proposal for the development rights of Iran’s giant Farzad B gas field. Managing Director N. K. Verma (pictured) told Reuters that a consortium headed by ONGC Videsh, and including Oil India and Indian Oil Corporation, […]