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Foreign companies are weighing $800 million-$1 billion of investment in floating production of LNG from associated gas at Iran’s offshore fields in the Persian Gulf, a senior energy official says.
Sunday, 15 November 2015 13:02

France visit cancelled but not Airbus talks

Iran’s talks with leading plane manufacturers continue for purchase of new airliners, Minister of Roads and Urban Development Abbas Akhoundi says, after President Hassan Rouhani postponed his visit to Europe.  
Saturday, 14 November 2015 11:48

Iran lines up $25 billion energy investment

Iran has put together a package for $25 billion of investment in its booming power industry which is key to the country’s economic recovery, head of Iran Power Transmission, Generation …
Thursday, 12 November 2015 13:18

Iran stops wheat imports, plans exports

Iran announced on Thursday that it has stopped importing wheat because of high domestic production and that it even plans to export durum wheat by March 2016. 
Iran's oil minister says Brazil has indicated its willingness to buy liquefied natural gas (LNG) from Iran and the two countries are going to hammer out the details of this …
Sunday, 25 October 2015 13:41

Iran bank suing UK for $4bn in losses

The UK Court of Appeal has ruled that Iran’s Bank Mellat must have access to documents and evidence based on which the British government imposed sanctions on the lender.
France’s Total and Russia’s Lukoil are in a new round of talks with the National Iranian Oil Company and have reached a preliminary agreement on oil purchases from Iran.
Senior managers of Japan's power plant construction companies are now in Iran to negotiate investment in Iran's power sector, a senior energy official announced on Tuesday.
Tuesday, 20 October 2015 12:00

Iran’s telecom thrills European investors

Two leading European companies are set to buy stakes in Iran’s biggest cellular operator, Mobile Telecommunication Company (MCI), its head Vahid Sadouqi says.
The Iran Mercantile Exchange (IME) announced that around $203mln of various commodities weighting over 403,116 tons were traded in its domestic trading and exports halls in the past working week …
The government of Iran supports development of the petrochemical industry in the bid to encourage economic growth and lead the country out of recession, the minister of industry, mines, and …
Iran has chalked up a plan for $25 billion of investment to modernize and expand its rail network, Managing Director of the Islamic Republic of Iran Railways Mohsen Poursaeed-Aqaei says.
Sunday, 11 October 2015 12:12

Japan’s oil refining giant due in Tehran

Executives of Japan's Showa Shell Sekiyu will arrive in Tehran on Monday to discuss raising oil imports from Iran, a senior Iranian energy official says.
European traders say Iran’s state grains agency has offered to barter about 200,000 metric tons of locally-produced durum wheat with 250,000 tons of milling wheat.
Iran will win back its quota in the global oil markets by doubling the current output to 2 million barrels per day within six months after sanctions are lifted, said …
The Persian Gulf Holding has been in negotiations with an increasing number of foreign companies in the recent months as four to five firms approach the major Iranian company every …
Sunday, 27 September 2015 12:50

Iran plans $2.8 billion expansion of airport

Iran plans a $2.8 billion expansion of the Imam Khomeini International Airport (IKIA), with the French industrial group Bouygues and Aéroports de Paris in talks to carry out the project.
Sunday, 27 September 2015 12:49

Iran seafood captures Russian taste buds

Iran’s fishery products are slowly making their way into the Russian market, blazing a trail for other agricultural products such as milk, dairy, meat and poultry.
Wednesday, 23 September 2015 13:48

IOEC ready to construct Oman gas line project

Iranian Offshore Engineering and Construction Company (IOEC) is ready to start construction of the Iran-Oman gas pipeline, IOEC chief said.
Wednesday, 23 September 2015 12:12

Iran-Europe Forum seeks to revive trade

The second Europe-Iran Forum will be held in Geneva on Thursday and Friday to discuss reviving trade links which have hit a bottom low because of sanctions imposed on the …