Thursday, 8 January , 2026
Tehran, Baghdad Agree to Remove Payment Obstacles 07 Feb 2019

Tehran, Baghdad Agree to Remove Payment Obstacles

TEHRAN – Iran and Iraq signed an agreement late Tuesday on a payment mechanism to remove the obstacles blocking the settlement of Baghdad’s debts to Tehran. IRAN NEWS NATIONAL DESK Signatories to the deal, which was inked in Baghdad, were Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and his Iraqi counterpart Ali […]

Trade with Iran part of SPV payment mechanism 06 Feb 2019

Trade with Iran part of SPV payment mechanism

Expressing regret over the unilateral withdrawal of US administration from nuclear deal, European Union’s ambassador to the United States David O’Sullivan said trade and commerce with Iran is part and parcel of INSTEX. David O’Sullivan, the European Union’s ambassador to the United States, wraps up his time in Washington at the end of February. The […]

Saffron options contracts to be launched by March 20 06 Feb 2019

Saffron options contracts to be launched by March 20

 Given the widespread welcoming by market participants for launching futures and certificates of deposit for saffron trade at Iran Mercantile Exchange (IME) and its positive impact on transparency of the price of saffron and the elimination of intermediaries, IME will launch saffron options contracts by the end of current Iranian calendar year (March 20, 2019), […]

Zanganeh Criticizes Europe for Not Buying Iran Oil 06 Feb 2019

Zanganeh Criticizes Europe for Not Buying Iran Oil

TEHRAN – Oil Minister Bijan Zanganeh criticized Greece and Italy for not buying its oil despite U.S. waivers and said they had not offered Tehran any explanation for their decision. IRAN NEWS NATIONAL DESK “No European country is buying oil from Iran except Turkey,” Oil Minister Zanganeh said in his presser yesterday. “Greece and Italy […]

Iran recoverable oil reserves at 160bn barrels: Zanganeh 05 Feb 2019

Iran recoverable oil reserves at 160bn barrels: Zanganeh

 Iran’s Minister of Petroleum Bijan Zanganeh said Tuesday the country’s recoverable oil stood at 160 billion barrels. “Although Iran’s crude oil production has dropped from 5 mb/d [in 1979] to about 4 mb/d today, the significant point is that the country’s recoverable liquid hydrocarbon reserves have increased from 88 billion to 160 billion barrels now,” […]

Foreign shareholders hold 300 codes for trading at IRENEX 05 Feb 2019

Foreign shareholders hold 300 codes for trading at IRENEX

 Iran’s Securities and Exchange Organization (SEO) Head Shapour Mohammadi put the number of codes held by the foreign shareholders at Iran Energy Exchange (IRENEX) at 300, IRIB reported. “These codes are for trading different types of products currently offered at IRENEX, but finding customers for the new products such as crude oil takes some time”, […]

VP inaugurates 7MW solar farm in Hamedan prov. 05 Feb 2019

VP inaugurates 7MW solar farm in Hamedan prov.

A 7MW solar farm was inaugurated today in Kabudarahang, Hamedan province, with Iranian First Vice-President Es’hagh Jahangiri in attendance. Jahangiri will also inaugurate two other similar solar farms in Famenin and Hamedan cities of the province during his visit. Each of these solar farms has a 7MW capacity and has been launched by foreign investment […]

NIOC puts Iran’s recoverable crude at 160 billion barrels 05 Feb 2019

NIOC puts Iran’s recoverable crude at 160 billion barrels

 The National Iranian Oil Company (NIOC) in an announcement put Iran’s reserves of recoverable liquid hydrocarbons at an estimated amount of 160.12 billion barrels, while its natural gas reserves stand at 33.33 trillion cubic meters. This makes Iran one of the world’s largest holders of crude oil, condensate and gas liquids reserves on the planet. […]

Laboratory for Standardizing Radiant Heating System Unveiled in Zanjan 05 Feb 2019

Laboratory for Standardizing Radiant Heating System Unveiled in Zanjan

TEHRAN – The most equipped laboratory for standardizing radiant heating system was unveiled in Zanjan in presence of some leading economic personalities. IRAN NEWS NATIONAL DESK One of the top jihadi managers of Zanjan Provinc, addressing the inaugural ceremony, said that Shayanir Sanat Artan Company “Garmsan” has started its activities with only one primary heating […]

MSC’s Capital Grows by 73% 05 Feb 2019

MSC’s Capital Grows by 73%

TEHRAN – Head of financial department of Mobarakeh Steel Company says the capital of the company has grown by 73 percent. IRAN NEWS ECONOMIC DESK Mr. Tahmoures Javanbakht said that by the Securities and Exchange Organization issued licence for Mobarakeh Steel Company to increase its capital through its retained earnings. He went on to say […]