Tag Archives | Qatar

Iran Opens Airspace to Qatari Flights

An Iranian civil aviation official said Qatari aircraft bound for Europe or Africa can fly over Iran’s territory as of Tuesday, after four regional Arab states decided to suspend diplomatic ties with the Doha government and suspend air transport with Qatar. An official at Iran’s Airports Company said on Tuesday morning that Qatari airlines, including […]

Parliament to look into “Information Leak” by Total

he Iranian parliament’s Energy Commission plans to check the accuracy of reports suggesting that the French energy giant Total has leaked secret information about Iran’s South Pars gas field to Qatar, the spokesman for the commission said. Speaking to the Tasnim News Agency, Asadollah Qarakhani said the Energy Commission will look into reports about leakage […]

Iran to Sue Total if Gas Field Data was Leaked

Iran’s Oil Minister Bijan Namdar Zanganeh said the country will definitely sue Total if the French energy giant is proved to have leaked secret information about Iran’s South Pars gas field to Qatar. Speaking at a television talk show on Tuesday night, Zanganeh said Iran has given information to Total about only two out of […]

1st FPSO Vessel to Recover Oil from South Pars

1st FPSO Vessel in Iran’s Waters to Recover Oil from South Pars The first vessel of Floating Production, Storage and Offloading (FPSO) unit has entered Iran’s territorial waters to recover oil from the country’s giant South Pars gas field in south, the managing director of Petro Iran Development Company (PEDCO) said. “The $300-million FPSO unit […]

6 South Pars Platform Operational in 2017-18

Iran says it will launch 6 more offshore platforms belonging to the supergiant South Pars Gas Field in the Persian Gulf during the next Iranian calendar year starting on March 21. Managing director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said the platforms will be installed at the remaining phases of the gas […]

Russia Signs Deal to Develop Iranian Oil and Gas Fields

High-ranking officials from Iran’s oil ministry and the giant Russian oil and gas company Gazprom have signed a major deal on Tuesday to promote cooperation in the development of two oil fields in western Iran. In a ceremony on Tuesday attended by Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak, the […]

Iran, Iraq asked to Freeze Oil Output at Current Levels

By John Lee. Qatar’s Energy Minister has reportedly said that Iran and Iraq are being asked to freeze oil output at current levels, as part of a wider deal to restrain production. According to ArabianBusiness.com, Mohammed Al Sada told reporters: “We are discussing with both countries on that and we are looking at various ways and […]

Qatari Retailer to open in Iran

By John Lee. Reuters reports that Qatar-based Abu Issa Holding plans to expand into Iran next year and open stores in Tehran selling watches and confectionery. The family-run is one of the largest retail and luxury goods firms in the Middle East. Ashraf Abu Issa, chairman and chief executive of Abu Issa Holding, told the news […]

Iran to Produce Oil in South Pars by March 2017

The CEO of the National Iranian Oil Company (NIOC) announced that the country will begin oil production in an oil field of the massive offshore South Pars by the end of the current Iranian year (March 20, 2017). Speaking to the Tasnim News Agency, Ali Kardor said the development of the first phase of the […]

Saudi-Iran Rivalry spills into UN Human Rights Council

By Fereshteh Sadeghi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On March 23, the United Nations Human Rights Council voted to pass Resolution A/HCR/31/L.27, thereby extending the mandate of the special human rights rapporteur for Iran, Ahmed Shaheed (pictured). The resolution was approved by […]

Over 200 Foreign Investors Active in Iran Capital Market

The number of foreign shareholders in the capital market of Iran is now more than 200, the Managing Director of the Central Securities Depository of Iran (CSDI) has said. Last month 9 natural shareholders from Romania, Russia, South Africa, Italy, Britain (2 people), Kuwait, Pakistan, and Afghanistan received their codes to be active in the […]

Iran Won’t Cap Oil Production

By John Lee. Iran has reportedly snubbed a proposal to cap crude oil output. According to Associated Press, Mahdi Asali, Iran’s OPEC envoy, said Iran will continue to increase its crude oil exports until it reaches pre-sanction levels. The comments came following a four-way, closed-door, meeting between Iranian Minister of Petroleum Bijan Zangeneh and his counterparts […]

Will Natural Gas shelter Iran from Oil Price Crisis?

By Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After years of negotiations with six world powers, Iran celebrated the official lifting of international sanctions on Jan. 16. Having long awaited this moment, the Islamic Republic acted quickly thereafter, commencing efforts to expand […]

Int’l Banks Exploring Prospects in Iran

By John Lee. Reuters reports that Dubai’s largest lender, Emirates NBD (ENDB), is just one of the many banks that are already meeting prospective clients and taking legal advice about entering Iran. According to the report, non-U.S. banks may trade with Iran without fear of punishment in the United States, but U.S. banks may not, […]

Saudi-backed Shipping Line Resumes Iran Business

By John Lee. The United Arab Shipping Company (UASC) said on Wednesday it had “started accepting shipments to and from Iran,” according to a report from Reuters. The company, which suspended all Iran business in April 2013, is owned by the governments of the United Arab Emirates (UAE), Bahrain, Saudi Arabia (35%), Kuwait, Qatar (51%) and […]

Video: Saudi-Iran Row – Iraq Offers to Mediate

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is offering to mediate between Saudi Arabia and Iran to end their dispute, which began when Riyadh executed a prominent Shia cleric. This, along with Tehran’s alleged failure to protect Saudi Arabian […]

Will South Pars help Revive Iran’s Economy?

By Dr. Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will South Pars help bring Iran’s economy back to life? The Persian Gulf is home to one of the largest independent gas reservoirs in the world. Shared between Iran and Qatar, the Iranian […]

9 Presidents to Visit Tehran for GECF Summit

Iranian Minister of Petroleum Bijan Zangeneh (pictured) said the presidents and heads of state of 9 countries have confirmed their participation in the upcoming International Gas Exporting Countries Forum (GECF) meeting in Tehran on November 23. This is the first time that such a number of heads of state and government have confirmed their participation […]

Iranian Olive Branch Offers Diplomatic Paradigm Shift

By Hassan Ahmadian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. It has been five years since the Arab Spring began roiling the Middle East and North Africa. During this time, conflict pitting Saudi Arabia and Qatar against Iran and its regional allies in Syria, […]

Is Qatar Iran’s door to the Gulf

By Ali Mamouri, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The map of alliances in the Middle East is changing rapidly, influenced by regional and international conflicts. Following the Iran nuclear deal signed in July and the improvement of Iran’s ties with the West […]