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Tuesday, 16 June 2015 12:12

Iran says not worried about oil market

Iran is not worried about the market for the sale of its oil when it raises output in the event of a nuclear deal, Minister of Petroleum Bijan Zangeneh has …
An Italian producer of agriculture equipment is investing in Iran’s northwestern Moghan which is a major hub in the country’s food industry, local media report.
A Turkish industrial group has indicated interest in investing in Iran for production of ferrochrome.
Secretary of the Supreme Council of Free and Special Economic Zones announced that the council has approved the plan for the construction of an aluminum manufacturing plant in Arvand zone, …
Iran has launched a glass fabrication plant described as the country’s largest, with President Hassan Rouhani calling on local producers to raise their competitiveness.  
Thursday, 14 May 2015 11:41

Crack in sanctions as Iran inks gas deal

Iran and the UAEA have signed a preliminary agreement for exports of compressed natural gas (CNG), an official has said.
The 20th International Oil, Gas, Refining and Petrochemical Exhibition of Iran has come to an end after four days in the capital city, Tehran.
A senior Iranian energy official said that South Africa has voiced its enthusiasm for the promotion of mutual cooperation with Tehran in various fields of crude and natural gas imports …
Sunday, 26 April 2015 16:48

Iran, Switzerland discuss economic ties

Iranian and Swiss officials in a meeting in Tehran on Sunday discussed the latest economic and trade developments between the two countries.
Iran’s natural gas production from the South Pars mega-field has reached 14 trillion cubic feet per day (tcf/d).  
Turkey has turned down a proposal from Iran for doubling its gas imports from the Islamic Republic in exchange for a gas price cut, Iran’s minister of oil says.
Iranian Ambassador to Bucharest Hamid Moayyer underscored the necessity for deepening all-out relations with Romania, specially in the field of economy.
Tuesday, 17 March 2015 17:28

Iran offers to 'reward' US oil companies

The US oil companies taking position against Republican senators who recently wrote a letter warning Iran against a nuclear deal with the US will be rewarded, a senior Iranian oil …
Phase 12 of the South Pars gas field is due to go online in a ceremony to be participated by President Hassan Rouhani in the next four days.
An official with Iran's National Iranian Oil Company (NIOC) said the country plans to rev up its clout in the international oil market by increasing its crude sales.
Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh underlined government's plans to boost non-oil exports, especially basic metals, petrochemicals, cars, foodstuff and construction materials.
Iran said that an agreement has been finalized with the French auto major Peugeot for the production of cars in the country.
Iran plans to considerably increase its petrochemical production by the end of the current Iranian year (March 20, 2015) hitting a new record of 43 million tons, an official at …
The Phase 12 of the South Pars gas field is due to be inaugurated on Saturday in a ceremony to be participated by Iranian President Hassan Rouhani.
Friday, 13 February 2015 14:29

Iran ups car production over 30 percent

Iran's auto production has increased considerably in 2014 as compared with the year before, a senior auto industry official announced.