Tag Archives | Joint Comprehensive Plan of Action (JCPOA)

EU Project for Nuclear Safety for Iran

The European Commission has signed the first ever project for nuclear safety co-operation with Iran, under the framework of the Joint Comprehensive Plan of Action (JCPOA). The € 2.5 million project aims to enhance the capabilities of the Iranian Nuclear Regulatory Authority (INRA).  It will do so by preparing a feasibility study for the Nuclear Safety Centre foreseen in the JCPOA. It will […]

Trump Orders Review of Iran Nuclear Deal

By John Lee. US President Donald Trump has directed a National Security Council-led interagency review of the Joint Comprehensive Plan of Action (JCPOA). The US Department of State confirmed that, while Iran is compliant with its commitments under the Joint Comprehensive Plan of Action (JCPOA), Secretary Rex Tillerson has raised concerns about Iran’s role as […]

FDI Needed for Developing Khazar Oilfields

Iran says foreign direct investments (FDI) would be needed for developing oil fields in Caspian Sea. Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said foreign investors and developers would engage in development of oil and gas fields in the Caspian Sea in the wake of the eased sanctions on Tehran’s economic […]

Iran, Hungary to Develop Mini Nuclear Power Plant

Iran and Hungary have agreed to cooperate in a joint mini nuclear power plant project, a Hungarian official announced. Tehran and Budapest will create a small nuclear reactor for scientific and educational purposes, Prime Minister Viktor Orban’s chief of staff Janos Lazar said on Thursday. “When the Prime Minister was there, we undertook to take […]

Despite nuclear deal, EU firms still cautious on Iran

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the signing and implementation of the Joint Comprehensive Plan of Action (JCPOA), European businesses have shown great interest in re-entering Iran. Trade between Iran and the EU has already notably picked […]

Over $9bn Foreign Investments Approved over Past Year

Iran approved over $9 billion in foreign investment during the last Iranian year (March 20, 2016 – March 21, 2017), director general of the Economy Ministry’s Foreign Investment Office announced. Ahmad Jamali said over the past Iranian year, the Foreign Investment Office has approved more than $9 billion in foreign investment. He added that during […]

No Court Verdict Issued on Iranian Assets Freeze

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court responsible for freezing $1.6 billion of Iranian assets in the European country has not issued a final verdict on the case yet. Speaking to reporters in Tehran on the sidelines of a cabinet session on Wednesday, Seif pointed to a […]

Iran’s Oil Exports Doubled with JCPOA Implementation

Iranian President Hassan Rouhani highlighted the outcome of the July 2015 nuclear deal with world powers, known as the Joint Comprehensive Plan of Action (JCPOA), saying that the country’s oil exports have doubled since the deal took effect in January 2016. “The exports of crude oil and condensates have increased by at least two times […]

IAEA Has 5 Times Confirmed Iran’s Compliance with JCPOA

European Union Foreign Policy Chief Federica Mogherini (pictured) said that the 2015 nuclear deal between Tehran and world powers cannot be “partially renegotiated”, noting that the IAEA has five times confirmed Iran’s compliance with its commitments under the agreement. “I fully share the need to fully implement, in all its parts, the JCPOA. Let me […]

Meeting on Closer Banking Ties with Latin America

Iran’s Foreign Ministry officials and representatives of the state-run and private banks held a meeting in Tehran to explore avenues for expansion of banking relations with Latin American nations following the implementation of the JCPOA. The gathering was attended by Iranian Foreign Ministry’s political directors in charge of Latin American affairs, representatives from Iranian banks, […]