TEHRAN- Development phases of Iran’s South Pars gas field (in the Persian Gulf) will be completed within one and half years, according to Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field. Meshkinfam said 85 percent of the phases are complete so far and […]

TEHRAN- In a move to increase bilateral trade, the central banks of Iran and Turkey signed a deal to trade in their local currencies. The document was signed on Thursday by Central Bank of Iran Governor Valiollah Seif and his Turkish counterpart Murat Çetinkaya during the trip of Iranian First Vice-President Es’haq Jahangiri to Turkey. […]

TEHRAN- Top economic foreign officials and investors are to attend an international exhibition and an international conference on Iran’s capital market on the southern Iranian Kish Island in late October, the Head of Public Relations at Securities and Exchange Organization Yaser Fallah announced. As Tasnim news agency quoted him as saying on Monday, some 45 […]

TEHRAN- In a meeting with Iranian Finance and Economic Affairs Minister Masoud Karbasian, Malaysia’s Minister of Finance Johari Abdul Ghani announced that he will lead an economic delegation to Iran in early 2018, Shada news agency reported on Monday. During the meeting which was held on the sidelines of the 2017 Annual Meetings of the […]

TEHRAN- According to an agreement signed between Fars Province Investment Services Center, the Austrian Solar & Benefit Corporation will construct four solar farms in the southwest Iranian province of Fars, IRNA reported on Tuesday. According to Deputy Head of Fars Province Investment Services Center Babak Daiee, the four solar farms which will built in the […]

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said that U.S. President Donald Trump should allow American oil companies to do business in Iran, IRNA reported. Zanganeh’s comments on Tuesday come as Americans and U.S. companies are still barred from directly doing business with Iran. That’s even with the 2015 nuclear deal being in place. “If […]

TEHRAN – Iran plans to boost gas condensate exports by one percent in November from a five-month low in October, a source with knowledge of the country’s preliminary tanker schedule announced. The increase in exports will come although maintenance at the South Pars field (Iran shares with Qatar in the Persian Gulf) will continue to […]

TEHRAN- Iranian government spokesman Mohammad Baqer Nobakht said on Tuesday that the country’s non-oil gross domestic product grew by seven percent during the first half of the present Iranian calendar year (March 21-September 22, 2017), IRIB news reported. As Nobakht announced in late July, GDP of Iran, including oil sector, stood at 11.1 percent in […]

TEHRAN – A Norwegian company called Saga Energy has signed a €2.5 billion ($2.94 billion) deal with Iran’s state-owned Amin Energy Developers to build solar power plants in Iran, Reuters reported citing the company’s directors. Based on the deal, solar power plants with two gigawatts (GW) of power generation capacity will be constructed over a […]

TEHRAN – Total Chief Executive Patrick Pouyanne said his company will go ahead with Iran deal if the United States decides to impose unilateral sanctions on Teheran. According to Reuters, in an interview with International Oil Daily, Pouyanne said, however the company would examine the consequences of Trump’s decision, and if there are any laws […]