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Iran refreshes pledge to boost oil output
Iran has refreshed its pledge to increase its oil production to pre-sanctions levels within the next few months.
Thursday, September 08, 2016
Iran to store gas in SOCAR facilities
The State Oil Company of Azerbaijan Republic (SOCAR) says it is negotiating with Iran to store the country’s natural gas in its own facilities and re-supply it to its northern provinces during winter.
Tuesday, September 06, 2016
Iran ready to raise oil output to 4.3 mb/d
Iran says it is ready to increase its oil output to levels that existed before the sanctions were imposed against the country.
Tuesday, September 06, 2016
Tehran, Baku to jointly build power plants
Iranian lawmakers have approved a bill on joint construction of two hydropower plants with Azerbaijan.
Thursday, September 01, 2016
Iran, Pakistan agree to ditch dollar
Iran and Pakistan have signed an agreement to re-establish banking relationship and carry out trade transactions in local currencies.
Thursday, September 01, 2016
‘New dynamism era’ in Iran-Venezuela ties
Venezuela and Iran agree to increase economic cooperation, signing agreements between the two countries’ central banks and announcing a new dynamic era in bilateral relations.
Sunday, August 28, 2016
Iran ministry to own billionaire’s assets
The Public Prosecutor’s Office in Tehran has accepted to let the Ministry of Petroleum take over assets of billionaire Babak Zanjani who has been sentenced to death for embezzlement.
Thursday, August 25, 2016
Cuba eyes Iran trade to fight US sanctions
Cuba says US sanctions on the Latin American country and Iran have opened a common ground for the two countries to forge special trade ties.
Tuesday, August 23, 2016
Russia holds tender for Iran power plant job
Russia has announced a tender for the development of a key thermal power plant in Iran thus taking the project it was awarded last year one more step toward materialization.
Friday, August 19, 2016
Iran welcomes China’s investments
Iran says it welcomes China’s investments in its non-oil projects, stressing that it stands ready to have an active participation in the Silk Road Initiative pursued by Beijing.
Friday, August 19, 2016
Poland replaces Russia Urals with Iran oil
A first post-sanction cargo of Iranian oil for Poland will be arriving soon as the major OPEC producer continues to claw back market share around the world.
Saturday, August 13, 2016
Major rise seen in Russia’s trade with Iran
Russia says its trade with Iran has increased by 70.9 percent after the sanctions against the Islamic Republic were removed earlier this year.
Saturday, August 13, 2016
Russia’s Lukoil to develop oil fields in Iran
Russian says its biggest private oil firm Lukoil is considering participating in the development of two oil fields in Iran – a move that would make Russia that first European country to invest in Iran’s oil industry after the removal of the sanctions in January.
Friday, August 12, 2016
UK to face inflation, recession after Brexit: EU Bank official
The United Kingdom will face inflation and plunge into recession after the vote to leave the European Parliament, says a member of the European Central Bank Governing Council.
Sunday, July 03, 2016
Supertanker taking Iran’s oil to Baltic Sea
Traders say they have seen more signs that Iran is clawing back the share of the global oil market it lost as a result of multiple years of sanctions.
Saturday, July 02, 2016
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