TEHRAN (Iran News) – Iran’s Petroleum Engineering and Development Company (PEDEC) signed deals with three Iranian companies on Monday to manufacture and maintain electro pumps for an oil pipeline project in southern Iran. Iran News covers the report; As reported by Shana, the contracts were signed between PEDEC and Iran Industrial Pumps Company, Pumpiran and […]

Iran news quotes the story of removing zero from Rial, told by Irandaily. Removing four zeros from the national currency, the rial, will help facilitate people’s financial transactions, said the governor of the Central Bank of Iran (CBI). In an address to an open session of the Iranian Parliament on Sunday, Abdolnaser Hemmati said that […]

The Iranian Parliament has further cut its costs, Irannews quotes the tweet by Member of the Iranian Parliament’s Presidium Alireza Rahimi. The Iranian Parliament member said that the number of foreign visits of Iranian MPs has been reduced. Rahimi added that business class flights have been canceled for MPs and all overseas flights are being […]

TEHRAN (Irannews) – An Iranian private bank has been authorized by the Central Bank of Iraq to open seven branches in the Arab country, an official said. According to Chairman of Iranian Private Banks Institute Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq. He noted that opening of the new […]

finland jcpoa “Finland support the JCPOA. We are concerned about the United States’ withdrawal from the deal and also Iran’s steps towards quitting the JCPOA,” Finland FM says. Irannews quotes the interview of him and IRNA. Haavisto added, “We consider the JCPOA a good basis for bilateral cooperation. We believe that Europe can help Iran […]

funding imports In a meeting with business people from the Kish Free Trade Zone, Abdonnaser Hemmati said there is no trouble with funding the imports, Irannews reports. Despite a reduction in the oil incomes during the first half of the current Iranian year, the Central Bank has provided more than $19 billion in financing for […]

Irannews reports that Mr. Zangeneh, oil minister, will deliver a lecture to a Conference themed ‘Towards Leadership at Global Level: Priorities of Gas and Energy Industry’ on Wednesday (October 2) which is part of Russian Energy Week slated to be held for four days from October 2. Russian Energy Week is an exhibition focusing on […]

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said the country uses the national currencies in the trade transactions with Russia and Turkey.

Iran has prepared the next year’s national budget bill with a substantial reduction in the share of petrodollars, a vice president said.

National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, ISNA reported. The base price for this round of offering, which is the ninth round, is $54.33 per barrel.