open-iran
 
Non-oil export exceeds $2.7b in a month

Iran exported over 800 million tons of non-oil products worth $2.722 billion in the first month of the current Iranian calendar year, Farvardin (March 21-April 20), ISNA reported on Monday.

Import of containerized goods to Iranian ports up 40% in 2 months

Imports of containerized goods to Iranian ports increased by 40 percent in the first two months of the current Iranian calendar year (March 21- May 21, 2017) compared to the same period last year, IRNA quoted an official as saying.

Iranian Steelmakers Bolster Presence in Thailand Market

Thailand is currently the world’s fourth largest importer of steel and Iran is...

Agricultural exports fetch Iran $5.7 billion

Iran exported 5.81 million tons of agricultural products worth $5.686 billion in the past Iranian calendar year 1395 (March 2016-March 2017, Deputy Agriculture Minister Abdolmahdi Bakhshandeh said on Wednesday

Asia’s March imports of Iranian oil rises 27% yr/yr

Iran’s four main Asian oil buyers imported nearly 27 percent more oil from the country in March 2017 compared to March 2016 as Iran took advantage of its exemption from a production cut agreed by OPEC and some other major producers.

Iran’s cross border trade improved in 2017: World Bank

The World Bank in its recent report titled “Doing Business 2017” said that Iran has improved its trading across borders through applying the national single-window system.

Iran ranks as No.2 oil supplier to South Korea 1st time for a quarter

Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No.2 spot for a quarter

Iran-EU trade up 171% in Jan.

The European Union’s trade with Iran amounted to €1.55 billion in January 2017, a 171 percent rise compared to the first month of 2016, based on the latest figures released by the European Union’s statistics agency Eurostat.

S.Korea's March crude imports from Iran hit record high

South Korea's intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran's efforts to raise output after the lifting of sanctions early last yea

Turkey’s imports from Iran doubled in 2 months

Exports of Iranian goods to Turkey doubled in January and February 2017 and reached $1.15 billion, Tasnim news agency reported.

Iran not concerned by Indian threat to cut oil imports: Zanganeh

Iran does not consider India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat, ISNA quoted Oil Minister Bijan Namdar Zanganeh as saying on Wednesday.

Non-oil trade hits $87.6b, up 4.3% yr/yr

Iran’s non-oil trade reached $87.646 billion in the past Iranian calendar year (March 2016-March 2017), an increase of 4.34 percent compared to its preceding year.

Infrastructures prepared for Iran-Russia all-out economic ties

Iranian Communications and Information Technology Minister Mahmoud Vaezi in a Monday meeting with Russian Energy Minister Alexander Novak in Moscow announced that the required infrastructure to expand all-out economic ties between the two countries

Iran’s GDP growth forecast to rebound in 2016/17: IMF

The International Monetary Fund has forecasted that Iran’s real GDP growth is expected to rebound to 6.6 percent in 2016/17.

Iran eyeing newly industrialized country target

Iran has the capacity to become a newly industrialized country (NIC) in the next calendar year, starting March 21, Industry, Mining and Trade Minister Mohammadreza Nematzadeh said on Wednesday.

Iran’s steel exports to Europe noticeably rise during 2013-16

Europe’s steel imports from Iran has increased by nearly eight times between 2013 and 2016, placing the country at the third spot next to China and India .

Japan, 1st customer for SP phases 20, 21 gas condensate

Japan has shipped in the first cargo of Iranian gas condensate produced in phases 20 and 21 of South Pars giant gas field in the Persian Gulf, Shana reported on Saturday.

Non-oil exports up over 8% in 10 months

Iran’s non-oil exports during the first ten months of the current Iranian calendar year (March 20, 2016-January 20, 2017) reached $35.270 billion registering an 8.37 percent rise compared to the same period last year, IRNA reported on Sunday.

S.Korea's Dec. Iran crude imports surge 648.2% on year

South Korea's Iranian crude oil imports in December soared nearly eight times greater than a year ago, and its 2016 crude imports from Tehran more than doubled from 2015 levels, following last January's lifting of sanctions targeting the Mideast nati

Italy major European customer of Iranian non-oil products in 9 months

Importing 678,000 tons of non-oil goods at the value of $385 million, Italy was the major destination for Iranian non-oil products in the first nine months of the current Iranian calendar year (ending December 20, 2016), according to Iran Customs Adm

Iran sells crude oil at $52.16 in a week

Iranian light crude oil price continued its upward trend in the week ended on December 23, increasing 30 cents per barrel (pb) to reach $52.16, IRNA reported on Saturday.

Carpet exports from Iran to U.S. stands at $50m in 8 months

About $150 million worth of Iranian carpets were exported to the United States during the eight months to November 20, IRNA quoted Hamid Kargar, the head of Iran's National Carpet Center, on Monday.

Iran’s Nov. crude exports to China up 24% yr/yr

China’s November crude oil imports from Iran jumped 24.48 percent compared to the same period in 2015, IRNA reported citing Chinese customs administration.

Iran’s Nov. crude exports to China up 24% yr/yr

China’s November crude oil imports from Iran jumped 24.48 percent compared to the same period in 2015, IRNA reported citing Chinese customs administration.

Italy’s imports from Iran up 35% in 9 months yr/yr

According to the latest figures released by the European Union's statistics agency Eurostat, registering a 35-percent hike, Iran’s exports to Italy in the first nine months of 2016 increased up to €477 million from its

Europe buys 30m barrels of Iranian crude in Jan.-Aug.

Seven European countries imported 4.22 million tons (nearly 30 million barrels) of Iranian crude oil during the first eight months of 2016, according to the latest data released by European Union’s statistics agency (Eurostat).

Essar oil imports from Iran up 8%

India's Essar Oil shipped in about 132,000 barrels per day (bpd) of oil from Iran in September, a growth of about 8.3 percent from about 122,000 bpd a year ago, according to tanker arrival data obtained from trade sources and ship-tracking services o

Denmark's Maersk to resume Iran operations

Danish international marine transportation company Maersk will resume transportation of goods to Iran.

Japan firms eye resuming Iran oil imports

Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during Western sanctions are looking to resume imports, potentially by year-end, industry sources said.

Japan firms eye resuming Iran oil imports

Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during Western sanctions are looking to resume imports, potentially by year-end, industry sources said.

TPO: Iran's exports to US rise following JCPOA

Iran's exports to the US and some European countries have increased following the implementation of Joint Comprehensive Plan of Action (JCPOA), said the head of Trade Promotion Organization (TPO).

Showa Shell buys 55% of Japan's Iran crude imports in H1

Oil refiner Showa Shell Sekiyu bought 55 percent of Japan's crude imports from Iran in January-June, said Chief Executive Officer Tsuyoshi Kameoka.

MSC: Iran’s annual steel production to hit 55m tons by 2025

Iran plans to increase its annual steel output from current 17 million tons to 55 million tons by 2025, announced the managing director of Mobarakeh Steel Company (MSC) in inaugural of the Second Iranian Iron and Steel Conference in Isfahan.

Iran replacing Venezuela in Spain's oil market

Venezuela is gradually losing Spain's oil market, as the European country has increased crude oil import from Iran, the Spanish El Mundo newspaper reported.

Iran's oil exports to Japan up

Iranian Oil Ministry announced that oil exports to Japan had been on the rise during three consecutive months to reach 257,000 barrels per day (bpd) in July.

Japan to contribute to Chabahar investment

A senior regional coordinator at Japan's Foreign Ministry said his country has suggested partnering India to invest and develop Chabahar Port of Iran.

Asia's July Iran oil imports rise over 60%

Imports of Iranian oil by four major buyers in Asia in July jumped 61.1 percent from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's eye-caching moves to regain market share, lost under international sanction

Vaezi: Rise in foreign investment indicates economic growth

Iran's Minister of Communications and Information Technology Mahmoud Vaezi said on Monday that rise of foreign investment indicated the eye-catching trend of Iran's economic growth in 2016.

Mineral product exports up 33%

Iran exported $2.4 billion worth of mine and mineral products during the four months to July 20.

Four-month exports cross $16b

Iran exported goods worth $16.308 billion in the first four months of the current Iranian year (started March 20) indicating an increase of 21 percent compared to the figure for the same period last year, which was $13.477 billion, said the head of T

Iran oil exports to Asia up 47.1% in June

The latest figures revealed that Iran’s exports of crude oil to four major buyers in Asia in June jumped 47.1 percent from a year ago to the highest level in more than four years, evidence Tehran's moves to recoup market share, lost under nuclear san

Romania interested in investment in Iran

The Romania's Vice Prime Minister Costin Borc and in a meeting with Iranian Deputy Foreign Minister for European and American Affairs Majid Takht-e-Ravanchi announced his country’s interest in investing in Iran and welcomed Iran’s investment in Roman

Iran leases five tankers to world oil firms

A National Iranian Tanker Company (NITC) official reported on signing of a contract to lease five Iranian tankers to foreign oil companies.

Iran, South Korea ink MoU on bourse cooperation

Iranian and South Korean stock exchanges signed a memorandum of understanding (MoU) on mutual cooperation.

Iranian automaker in talks with LG to make electric vehicles

Iran Khodro Co., an automaker in Tehran, is in talks with LG International Corp. to develop electric vehicles for the Iranian market. “Negotiations are underway,” said Iran Khodro Chief Executive Officer Hashem Yekke-Zare. The companies may clinch th

Asia’s Iran oil, gas imports up; petchems shipped to UK

Parsian Gas Refinery processed 1.8 million barrels of natural-gas condensate in the two months to May 20, said the refinery's managing director.

Monthly loading, unloading at Iranian ports up 15% yr/yr

TEHRAN- Some 12.565 million tons of oil and non-oil products were loaded and unloaded at ports of Iran during the third Iranian calendar month of Khordad (May 21-June 20), registering 15.1 percent rise compared to the same month in the preceding year

Iran looks to Iraq as a big market for trade

Iran finds neighboring Iraq its closest ally in the Arab world as well as a big market for its domestically produced goods.

Iran-Turkmenistan $2.5b deal finalized

Iran-Turkmenistan 2.5-billion-dollar agreement was finalized, said Oil Ministry’s special envoy of for export of technical and engineering goods and services.

India becomes second largest buyer of Iranian crude

Iran's crude oil exports to India in March 2016 surged from 290,000 to 505,000 barrels per day turning the South Asian country into Iran's second largest oil customer.

Iran, Kazakhstan set to build oil refinery

Mazandaran Organization of Industry, Mine and Trade director general said Iran and Kazakhstan plan to build a joint venture oil refinery in Amirabad Port, IRNA reported.

Iran’s non-oil trade falls to $19.4b in spring

TEHRAN- According to Iran’s Customs Administration, the value of Iran’s non-oil trade fell to $19.473 billion in spring 2016, which corresponds to the first quarter of the current Iranian calendar year (March 20-June 20), from $24.245 billion in spri

EU’s imports of goods from Iran triple in April yr/yr

TEHRAN – Based on the latest figures released by the European Union’s statistics agency Eurostat, Iran’s exports to the EU member states tripled in April 2016, compared to the same month last year.

Ease of banking relations would speed up Iran-Netherlands ties: Zarif

TEHRAN- Referring to the large number of Iranian businessmen active in the Netherlands, the visiting Iranian Foreign Minister Mohammad Javad Zarif in a Thursday meeting with Dutch Economy Minister Henk Kamp, underscored that facilitation of mutual ba

Mining sector accounts for 16% of non-oil exports

Iran's Ministry of Industry, Mine and Trade announced that mineral products constituted 16.5 percent of the country's total non-oil exports in the year to March 19.

Seoul to up Iran condensate imports

Traders say they expect South Korea to step up purchases of the ultra light oil from Iran by more than 50 percent in June

Indonesian minister due in Iran for oil deal

Iranian Minister of Petroleum Bijan Zangeneh will meet his Indonesian counterpart in Tehran on Monday to discuss fresh energy cooperation, the Shana news agency says

Iran regaining lost oil market share faster

The latest market figures show that imports of Iran’s oil by the country’s Asian clients increased by more than 13 percent in April from a year ago, confirming recent indications that the country is regaining the share of the oil market it lost as a

Iran inks economic agreements in Finland, Poland

Iran has struck a number of economic agreements worth some 1.2 billion dollars during an Iranian delegation’s trip to Poland and Finland, says an official

Iran in talks with giants on mining plans

Iran said on Thursday that it is discussing with several global industrial giants over investments in the country’s key mining projects

Iran, Poland sign economic agreements

Iran and Poland on Monday signed three basic agreements to promote cooperation in several economic areas

Iran, Poland sign economic agreements

Iran and Poland on Monday signed three basic agreements to promote cooperation in several economic areas

Who will win over the Iranians?

The battle for investment opportunities has just begun as the Middle East superpower opens itself to the world

India's Essar April oil imports from Iran jump 48%

India's Essar Oil, the top Indian buyer of Iranian crude, imported 47.7 percent more Iranian oil in April compared with a year ago, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters termina

Korean pres., biggest trade team due in Iran

South Korea’s president heads to Iran on Sunday in a landmark visit targeting billions of dollars of economic and energy deals

Europe refiners step up Iran oil imports

Two more European refiners have booked oil cargoes from Iran since sanctions were lifted on Tehran which is ramping up production to regain market share.

Iran-Azerbaijan trade turnover up 53%

Trade turnover between Iran and Azerbaijan increased by 53 percent in the first three months of the current year, said Iran's Communications and Information Technology Minister Mahmoud Vaezi.

South Korea imports 80% more Iran oil year-on-year in March

South Korea's imports of Iranian crude oil surged 81 percent in March from the same month a year earlier following the lifting of sanctions against Iran, customs data showed on Friday.

Iran's exports to US increase by six times

Iran’s media reported on Thursday that the country’s exports to the United States increased six times over a period of 11 months starting March 2015

Iran ready to increase oil exports to India

Iran said on Saturday that it is ready to increase its oil exports to India from the current volume of 350,000 barrels per day (bpd) now that the sanctions that had previously hampered Iranian oil export plans have been lifted

India, Iran move to expand energy ties

Indian Oil Minister Dharmendra Pradhan will visit Iran in the coming days for important talks, including on purchase of more oil, development of a giant gas field and investment in petrochemical projects

India’s crude imports from Iran highest in five years

India’s crude oil imports from Iran have topped 500,000 barrels per day (bpd), reaching the highest level in at least five years

Iran’s trade balance turns positive over ‘lower’ imports

New data by the Islamic Republic of Iran Customs Administration (IRICA) shows ‘unprecedented’ surplus in the country’s foreign trade over the past Iranian calendar year (ended March 19)

South Korea to build steel mill in Iran

South Korean steelmaker POSCO - the world's sixth-biggest steel producer - has announced a plan to help build a $1.6 billion steel mill in southeastern Iran

SBP Clears Financial Transactions With Iran

ISLAMABAD: The State Bank of Pakistan has cleared all commercial banks and financial institutions for business with Iran, paving the way for the two countries to resume regular business activity that was hampered by years of sanctions

Greece to restart crude oil purchases from Iran

Greece's biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from the National Iranian Oil Company (NIOC), the first European refiner to restart trade relations with Iran after the lifting of international sanctions, Reuters repo

Iran to buy more than 100 aircraft as boom time beckons

A purchase of more than 100 aircraft from Europe's Airbus may be one of Iran's first big deals in a trade and investment boom that could reshape the economy of the Middle East

Airbus plan heralds Iran boom after sanctions lifted

A purchase of more than 100 aircraft from Europe's Airbus may be one of Iran's first big deals in a trade and investment boom that could reshape the economy of the Middle East

Benefits of special zone and investment opportunities

Possibility of using 35-hectare land of Negin Island (expandable to 70 hectares) for investment and benefiting from advantages of special zones and exclusive road access to the Persian Gulf Highway (Bushehr-Borazjan)

Port of Chabahar

The Port of Chabahar (or Chah Bahar) is a seaport in Chah Bahar in southeastern Iran. Its location lies in the Gulf of Oman. It is the only Iranian port with direct access to the ocean. The port was partially built by India in the 1990s to provide ac

Rosneft to buy Essar Oil; Iran in talks to invest in refineries abroad post-sanctions

DUBAI: Iran has started negotiations to buy shares in oil refineries in Europe, Latin America and Asia, the deputy oil minister was quoted as saying by Mehr news agency on Tuesday

Shohini Sengupta: Buying Iran's bonds

India owes Iran between $6.5 and $8.8 billion for oil purchases. So, investing in Iran could go a long way towards strengthening India's energy security

Germany to support investing in Iran

Foreign companies have lined up to take advantage of cooperation with Iran after the removal of international sanctions imposed on the country over its nuclear energy program.

Iran Deal Milestone Starts the Clock on Oil Sanctions Relief

World powers and Iran set the clock ticking Sunday on a landmark accord placing limits on the Islamic Republic’s nuclear work in return for access to oil and financial markets.

German government backs investment in Iran: Steinmeier

TEHRAN – The ground is ready for Iran and Germany to boost economic cooperation, German Foreign Minister Frank-Walter Steinmeier says, adding that to this end the German government will support any kind of investment in Iran.

Japan, Iran agree on investment pact after sanctions end

Japan and Iran have reached agreement on an investment accord, which may give a boost to Japanese investments into the Islamic Republic once sanctions are lifted as early as next year, the countries' foreign ministers said in a statement.

Five tips for doing business in Iran

Following the recent nuclear agreement, a significant number of EU and US-based companies have started reassessing their strategy towards Iran.

Investors tread carefully on ending of Iran sanctions

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World’s biggest insulin maker invests in Iran

Denmark’s Novo Nordisk is investing 70 million euros in Iran for the production of a new generation of insulin drugs, officials from the two countries say.

Strong French trade delegation in Iran next week

TEHRAN – A 150-strong delegation of French businessmen will start a two-day visit to Tehran on September 21 to seek cooperation avenues in Iran, the IRIB News Agency reported on Friday.

Iran urges Koreans to invest in oil plans

A senior Iranian official on Tuesday welcomed South Korean investment in his country, stressing that there is a huge potential for South Korean companies to benefit by investing in Iran’s energy sector projects.

Iran Could Become Major Supplier of Natural Gas to EU

By GABRIELE STEINHAUSER and LAURENCE NORMAN BRUSSELS—Iran could become a major supplier of natural gas to the European Union by the end of the next decade, according to new estimates from the bloc’s executive following the nuclear deal reached with

JAPAN MIMICS EUROPEAN RUSH TO INVEST IN IRAN

By INU staff INU - In recent weeks, much emphasis has been given to the fact that European governments and businesses, including close trading partners with the US, have been pushing for early investment in the Islamic Republic of Iran now that it

What the Iran deal means for the U.S. economy and the world

Published: 08 September 2015 07:41 PM Dallas Morning News‎ With President Barack Obama securing enough Senate votes to support a historic accord, it looks like Iran is close to escaping most of the restrictions discouraging it from developing nuclea

DUBAI (Reuters) – Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesd

Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas Company (POGC) said, according to Shan

Foreign investors try to tap into Iran

LONDON/NEW YORK, July 20 (Reuters) - A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy.

Trade-Industrial Free Zones

Incentives and advantages for investment in Trade-Industrial Free Zones

Special Economic Zones

Incentives for investment in Special Economic Zones

Tax Holidays

There are two major types of direct taxes including income taxes and property taxes. Each category of direct taxes, in turn, is divided into sub-parts. Indirect taxes include taxes on imports and Value Added Tax (VAT). Taxes on imports are currently

Arvand Free Zone

The region, suggested to be considered as the Arvand free zone, consists of 3 zones in an area of 170 square kilometers, is located on the southwestern part of Khuzistan province along the border river, the Arvand River.

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