open-iran
 
Sina Bank Links Up With 2 European Peers

Iranian private bank Sina has opened accounts in the Spanish Ares Bank and Italian Banca...

Splitting of ministries; another trial and error?

With President Hassan Rouhani’s first tenure coming to an end, the administration has taken a decision for splitting three ministries in a bid to make them smaller and swifter.

Iran’s annual GDP growth at 12.5%: CBI

Iran's growth of gross domestic product (GDP), including oil sector, hit 12.5 percent in the previous Iranian calendar year 1395 (ended on March 20, 2017), the Central Bank of Iran (CBI) reported.

Wheat production in Iran to hit 13.5m tons this year: FAO

According to the latest report of UN Food and Agriculture Organization (FAO) Iran will produce 13.5 million tons of wheat in 2017.

Ayandeh Bank Financing SMEs

Ayandeh Bank is set to provide 3 trillion rials ($80 million) in loans to small- and medium-sized...

Iran oil output rises in May: OPEC

Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.

Tehran to host intl. kitchen, ceramic exhibits

Iranian capital will host the 15th Kitchen, Bath, Sauna and Pool Industries and Equipment International Exhibition and the 24th International Exhibition of Ceramic Industries at Tehran’s International Permanent Fairgrounds from June 30 to July 3, 201

Iran's car production up 9.8% in 2.5 months

Iranian carmakers manufactured 233,118 vehicles in the first 2.5 months of the current Iranian calendar year (March 21-June 5) with 9.8 percent rise compared to the same period of time in the previous year, according to Amir-Hossein Qanati, the spok

Indian Aluminum Company Puts Iran Project on Hold

India’s National Aluminium Company Ltd., otherwise known as NALCO has put...

Iran's IMIDRO World’s 25th Biggest Steel Producer

Iranian Mines and Mining Industries Development and Renovation Organization was the world’s 25th largest...

Iran’s GDP growth estimated at 4% in 2017: WB

In its latest report, the World Bank (WB) predicted a four-percent growth for Iran’s gross domestic product (GDP) in 2017.

High-cost Sardar-e Jangal could bring Iran high-tech

Caspian Sea, the world’s largest inland body of water, was mainly a center of fishing activities and also a marine transportation hub by the middle of the past century. But discovery of the first oil and gas reserves in the world’s largest lake in th

Boost in nominal petchem output capacity planned

The National Petrochemical Company (NPC) plans to increase its nominal production capacity by three percent to reach 86 percent by the end of the current Iranian calendar year (March 20, 2018).

Iranian Steelmakers Bolster Presence in Thailand Market

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

Are they lucky enough to win Iran oil deals?

After the implementation of Iran’s landmark nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), in January 2016, the Iranian oil industry has witnessed a flock of foreign companies willing to participate in different projects.

Iran sells crude oil at $45.21 per barrel in a week

Iran sold its light crude oil at $45.21 per barrel in the week ended on May 12, with 21 cents decrease from its previous week, IRNA reported on Tuesday.

Iran signs $630m deal to produce strategic oil equipment

By signing a contract worth $630 million with an Iranian-Spanish consortium on Wednesday, Iran joined the world’s manufacturers of special pipes, which are of strategic importance in the oil and gas industry.

First VP announces prioritized economic programs

Iran’s First Vice-President Es’haq Jahangiri has tasked the Ministry of Finance and Economic Affairs with implementing 14 prioritized programs by the end of the current Iranian calendar year (March 20, 2018).

OPEC meeting: another winning chance for Iran

As one of the key players in the world’s political and economic turnovers, oil market has been witnessing lots of ups and downs in recent years.

U.S. company to help Iran build equipment for oil, gas industry

An American company is to start cooperating with Iran on manufacturing oil and gas equipment for the country, IRNA reported on Wednesday quoting an Iranian official.

7 new petchem projects planned to come on stream by Mar. 2018

Seven new petrochemical projects are planned to be implemented in the country by the end of current Iranian calendar year (March 20, 2018), Shana quoted Ali-Mohammad Bosaqzadeh, the production control director of National Petrochemical Company (NPC),

Iran backs extension of OPEC, non-OPEC deal: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that Iran will back the extension of output cuts if the majority of OPEC and non-OPEC nations do so, Shana reported.

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 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 to broaden agricultural cooperation

In their first joint meeting with officials of Iranian Agriculture Ministry in Tehran, the visiting members of the European Parliament's Committee on Agriculture and Rural Development (AGRI) voiced readiness for transferring new technologies and inn

Post-JCPOA petchem industry 'promising': Zanganeh

The future of Iran’s petrochemical industry is promising after the implementation of JCPOA (Joint Comprehensive Plan of Action which lifted sanction against Iran in January 2016), Oil Minister Bijan Namdar Zanganeh said on Saturday.

‘Iranian companies main contractors of new South Pars projects’

Domestic companies were the main contractors of the five newly inaugurated phases of the South Pars gas field (both in terms of investment and technology) and foreigners just supplied some equipment, Oil Minister Bijan Namdar Zanganeh told the Tehra

Monthly car output up 27% yr/yr

Iranian car makers manufactured 124,691 vehicles in the last month of the past Iranian calendar year, Esfand (February 20-March 20), with 27 percent growth from 98,167 cars manufactured in the same month in its preceding year, ISNA reported on Wedne

President to inaugurate 4 petchem projects in coming days

Iranian President Hassan Rouhani will officially inaugurate four petrochemical projects in the coming days, IRNA reported on Wednesday.

BP to operate joint North Sea field with Iran

BP and Iran's state-run oil company received a license from the U.S. Treasury last year to operate their joint gas field in the North Sea following the lifting of Western sanctions on Tehran, BP said on Thursday.

South Pars development plays appreciable role in employment

Implementing development phases of Iran’s South Pars gas field (in the Persian Gulf) was one of the promises made by Oil Minister Bijan Namdar Zanganeh which came true and besides boosting gas production noticeably it played significant part in job c

Large petrochemical complex costing €257m inaugurated in western Iran

A large petrochemical complex with an annual production capacity of 310,000 tons came on stream today in the western province of Kordestan.

Iran 95% self-sufficient in water, electricity equipments: energy min.

Iranian Energy Minister Hamid Chitchian said that more than 95 percent of Iran’s equipments needed in water and electricity sectors are produced inside the country, IRNA reported.

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.

SP phases 17, 18 on verge of complete inauguration

Phases 17 and 18 of developing Iran’s South Pars gas field (in the Persian Gulf) are on the verge of complete inauguration, according to Hassan Boyeri, the operator of these phases.

Annual petchem exports anticipated to reach $9b

-Iran’s worth of annual petrochemical exports is forecast to hit near $9 billion by the end of current Iranian calendar year (March 20), National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie told IRNA on Wednesday.

By: Rebecca Meijlink* Iran means business

A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and beyond.

Post-sanction Iranian economy shows ‘impressive recovery’: IMF

The Iranian economy has had an “impressive recovery” following sanctions relief last year, the International Monetary Fund (IMF) said.

Iranian, French auto part companies sign joint-venture deal

Iran’s Rise Investment and Strategy Extension Company (RISECO) and France’s Mecaplast Group signed a joint venture deal on manufacturing auto parts, IRNA reported on Friday.

Exports of oil products hit unprecedented 450,000 bpd

Iran has exported 450,000 barrels per day (bpd) of oil products for the first time on average during the current Iranian calendar year, ending March 20, 2017, IRNA quoted an oil official as saying.

Iran eyes purchase of 12 Sukhoi Superjet 100

Iran confirmed its intention to buy 12 Russian-made Sukhoi Superjet 100 in the near future, announced Russian Energy Minister Alexander Novak.

Iran sells crude oil at $51.44 per crude oil in a week

Iran sold its light crude oil at $51.44 per barrel in the week ended on February 10, with $1.57 decrease from its previous week, IRNA reported on Sunday.

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 .

New platforms to start production in South Pars

Production will begin in six new platforms of Iran’s South Pars gas field (in the Persian Gulf) during the next Iranian calendar year (which begins on March 22, 2017), Shana quoted Mohammad Meshkinfam, the managing director of Pars Oil and Gas compa

Crude steel exports up 45% in 10 months

Iran’s major steel producers exported 4.4 million tons of crude steel during the first ten months of the current Iranian calendar year (March 20, 2016-January 19, 2017), registering a 45 percent rise compared to the same period in the previous year.

Belgian company to invest in Iran’s auto sector

An automobile gearbox production line will be launched in Iranian province of Zanjan (northwest of Tehran) via the investment made by a Belgian company, head of Industry, Mining and Trade Department of the province announced.

Iran, Poland ink MOU on petchem co-op

Petrochemical Special Economic Zone Organization of Iran and Pulawy Company of Poland signed a memorandum of understanding (MOU) on cooperation in petrochemical sector, Shana reported.

Europe chomps most Iran oil in years with supertankers due in days

Europe is poised to receive the most Iranian crude in about five years this month in a sign that the Persian Gulf nation may be regaining its share of a market it had lost to sanctions.

Iran’s crude steel output ascends 11% in 2016: WSA

According to the latest report published by the World Steel Association, Iran produced 17.89 million tons of crude steel in 2016, registering an 11-percent growth compared to the figure in 2015, IRNA reported.

NDF to receive 30% of Iran’s oil revenue

Iran will allocate 30% of its oil revenue to the National Development Fund (NDF), Mohammad-Mehdi Mofatteh, the spokesman for the parliament (Majlis) ad hoc budget review committee, said after a meeting of the committee on Saturday.

Sinosure goes big on Iranian refinery

Chinese export credit agency Sinosure has opened a $1.3 billion line of credit for the upgrade of an Iranian oil refinery.

Annual oil income projected to hit $41b: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh has estimated the country’s oil revenues to reach $41 billion by the end of the current Iranian calendar year (March 20, 2017).

Iran, Italy set up joint venture to grow agricultural products

The Italian company Nature SRL and the Iranian company UPRO have set up a joint venture under the name UPRO NATURE. The goal of the joint venture is to grow products that comply with the quality standards of European target markets. It aims to meet t

Crude steel exports from Iran’s major producers up 55% in 9 months

Iran’s eight major steel producers exported 4.12 million tons of crude steel in the first nine months of the current Iranian calendar year (March 20-Decemebr 20, 2016), with 55 percent rise from the same period of time in the previous year, IRNA rep

Iran’s petchem output set to rise up to 20% by Mar. 20

Iran’s petrochemical sector’s output is set to increase up to 20 percent in the second half of the current Iranian calendar year (which ends on March 20, 2017), compared to the same period the last year, Shana quoted an official as saying on Tuesday

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.

Iran’s weekly oil price up $1.04 per barrel

Iran sold its light crude oil at $51.86 per barrel in the week ended on December 16, registering a $1.04 rise compared from its previous week, Shana reported on Saturday.

IMF sees Iran’s GDP growth to rebound to 6.6% in 2016-17

The International Monetary Fund (IMF) has made a statement predicting a 6.6-percent economic growth for Iran in 2016 and 2017.

Steel exports seen to rise by 50%

Iran’s exports of crude steel and related products are forecasted to rise by 50 percent in the current Iranian calendar year, which ends on March 20, 2017.

Iran-Russia joint investment in oil, gas sectors can reach $10b

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia (L) said on Monday that oil and gas investment capacity between Iran and Russia could reach $10 billion.

What to Know About Doing Business in Iran By Matthew Spivack

Foreign companies, foreign governments, and Iranians expected to see improvements to Iran’s investment climate after implementing a nuclear deal and sanctions relief in the country. But peruse some of the recent headlines about Iran, and you might wo

Zanganeh optimistic about OPEC deal

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that it is possible for OPEC members to reach an agreement to stabilize the oil market.

BP creates executive committee to develop business in Iran

BP has created a new executive committee to explore business in Iran which will exclude its American chief executive Bob Dudley in a bid to avoid potential violations of U.S. sanctions still in place.

Investment Protection Measures in Iran

I.R. Iran’s Foreign Investment Manual

Senior Nalco executives to visit Iran next month

India's state-owned firm National Aluminium Co. Ltd. (Nalco) will send a study group comprising of senior executives to Iran next month.

European firms urged to seize opportunity to deal with Iran

A European industrial manager called on European companies to seize the opportunity to take part in business projects in Iran.

Drought, floods, water stress cost companies $14b

Droughts, water scarcity and stricter environmental regulations cost businesses a reported $14 billion (£11 billion) this year, up from $2.6 billion in 2015. Yet companies still aren’t doing enough to protect themselves from water risks, according to

Drought, floods, water stress cost companies $14b

Droughts, water scarcity and stricter environmental regulations cost businesses a reported $14 billion (£11 billion) this year, up from $2.6 billion in 2015. Yet companies still aren’t doing enough to protect themselves from water risks, according to

OPEC points to even bigger 2017 oil surplus

The Organization of the Petroleum Exporting Countries (OPEC) reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group's attempt to curb supply, weighing on prices and pointing t

China to invest $400m in Iranian petchem project

A Chinese company is to invest $400 million in a petrochemical catalyst production project, said vice president of Iran-China Joint Chamber of Commerce.

Iran eyes LNG exports to Europe

Iran will focus on the production of liquefied natural gas (LNG) to facilitate exports of natural gas to Europe, said a deputy oil minister.

Airbus, Boeing contracts at final stage for signature

Negotiations and expert studies on contracts with Airbus and Boeing are in their final stage for signature, said the deputy minister of roads and urban development for international affairs.

Maku Free Zone exports first VAT-free consignment

Maku Free Zone exported its first value-added tax free consignment, said the head of Maku Free Zone Customs Organization.

Danish industry well placed to prosper in Iran

Danish exports to Iran jumped 66 percent in the 17 months ending May 31, 2016, according to Danny Annan, the Danish ambassador to Iran.

Iran produces over 15m tons of iron ore concentrates

Iran produced 15.184 million tons of iron ore concentrates during March 20-September 21 marking a growth of 21 percent compared to the figure for the same period last year.

Iran produces over 15m tons of iron ore concentrates

Iran produced 15.184 million tons of iron ore concentrates during March 20-September 21 marking a growth of 21 percent compared to the figure for the same period last year.

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.

Maku Free Zone development projects progressing

Managing director of Maku Free Zone Organization said 76 percent of the development budget for the fiscal year from mid-March has been allocated for projects.

Iran produces over 1m tons of sponge iron

Iranian companies produced 1.025 million tons of sponge iron in August, showing an increase of 5.46 percent compared to the figure for the same month in 2015.

OPEC head: Iran committed to building oil-market consensus

Iran is committed to building a consensus on stabilizing the oil market between OPEC and non-member countries, the group’s new Secretary-General Mohammed Barkindo said.

Iran to become strategic titanium producer

ran's first titanium production plant will be operational within six months, said the manager of the Kahnuj titanium pilot project.

Vaezi calls for Iran-Sweden cooperation in communications, IT

Minister of Communications and Information Technology Mahmoud Vaezi called for expansion of Iran-Sweden cooperation in communications and information technology.

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.

Semi-industrial polypropylene unit to be launched in Arak

Arak Semi-Industrial Polypropylene Unit is to be officially inaugurated today (Wednesday) in a ceremony attended by Managing Director of National Petrochemical Company (NPC) Marzieh Shahdaei.

Petrochemical production tops 23m tons

Over 23 million tons of petrochemical products were produced during March 20-September 5, showing a seven-percent increase compared to the figure for the same period last year.

Tehran to host Armenia Expo in October

A trade fair of Armenian products and services – Armenia Expo – will be held in Tehran October 5-8.

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

Annual petchem output capacity to hit 61.5m tons

A senior petrochemical official said Iran's petrochemical production capacity will cross 61.5 million tons by March 20, 2017.

Foreign firms signed investment contracts worth $70b with Iran

Foreign companies have signed joint venture investment deals worth about $70 billion with Iran, said Minister of Economic Affairs and Finance Ali Tayyebnia on Friday.

Iran signals more willingness for OPEC action to boost oil price

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.

RENPOWER IRAN 2016 6th and 7th November, 2016 at Iran's Ministry Of Energy Conference Hall

Iran Infrastructure, Power & Renewable Energy Investment Conference 6th and 7th November, 2016 at Iran's Ministry Of Energy Conference Hall,Tehran,Ministry of Energy (in the main Conference Hall).:

Volkswagen to sign deal with Iranian carmaker

Volkswagen and an Iranian carmaker will sign a contract in the few days based on which the German and Iranian companies will produce cars in Iran, announced Iran's deputy minister of industry.

Iran to implement projects worth $645m to boost oil recovery rate

National Iranian South Oil Company (NISOC) is planning to implement projects worth $645 million to raise oil recovery rate from oilfields.

Four-month copper concentrate output caps 370,000 tons

Iran produced 371,363 tons of copper concentrates during March 20-July 21, indicating a growth of 22.84 percent against 302,307 tons produced in the same period last year.

Twofold rise in oil exports, a result of JCPOA

The twofold increase in Iran's oil exports is among the impacts of the Joint Comprehensive Plan of Action (JCPOA), said managing director of National Iranian Oil Terminals Company (NIOTC) on Sunday.

Mineral product exports up 33%

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

Iran plans $185b investments in energy sector

Iran is planning to attract some $185 billion to the oil and gas sector through a new model of oil contracts, Trend quoted Iran's deputy oil minister for international affairs as saying.

New gold reserves discovered in Iran

Recent explorations have led to the identification of new reserves at Iran's Zarshouran gold mine, announced the manager of Zarshouran Gold Complex.

New gold reserves discovered in Iran

Recent explorations have led to the identification of new reserves at Iran's Zarshouran gold mine, announced the manager of Zarshouran Gold Complex.

Foreign firms hugely invest in Iran’s oil, gas

Spectacular presence of the foreign companies in Iran’s international oil and gas exhibition shows the companies’ enthusiasm for strengthening post-sanctions relations with Iranian firms as several agreements have been signed during the event which k

Major companies expanding presence in Iran’s oil sector

TEHRAN- Renowned international companies from 38 countries across the globe are participating in the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2016), which is being held at Tehran Permanent Internationa

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.

Daimler vows to take China off Iran roads

Daimler says its trucks division will start the deliveries of Mitsubishi Fuso brand in Iran later this year.

Iran's new oil investment contract to be ready this summer: Zanganeh

DUBAI (Reuters) - The first of Iran's new oil and gas investment contracts for international companies will be launched this summer and will invite bids to develop 10-15 fields, Oil Minister Bijan Namdar Zanganeh was quoted by the Shana news agency a

PSA signs JV deal with Iran Khodro

French carmaker PSA Peugeot Citroen says it has signed a final agreement with Iran Khodro to form a joint venture to produce vehicles in Iran.

Buyers eyeing Iran’s Esfahan Steel Company

Esfahan Steel Company, Iran’s third-largest maker of the metal, is reportedly seeking buyers amid plans to boost production. Bloomberg says in a report that companies from South Korea and Luxembourg are interested in taking a stake in the company

Lukoil ready to invest in Iran

Lukoil is ready to reenter Iran and is hopeful that the necessary laws will be in place soon, with the terms of the International Petroleum Contracts (IPCs), likely to be unveiled by October, its Chief Executive Vagit Alekperov said Thursday.

Iran, Russia eyeing Sukhoi Superjet deal

Iran says it is looking into a plan to jointly produce Sukhoi Superjet 100 (SSJ 100) airplanes with Russia – what could take the Islamic Republic to the club of global plane makers if materialized

BP ready to invest in Iranian oilfields

British oil and gas giant BP has expressed readiness to invest in the development of certain Iranian oil fields, said a deputy oil minister.

Iran to launch two more phases of South Pars gas field

A senior Iranian energy official says the country will launch two more major phases of the huge South Pars gas field project in the Persian Gulf in the second half of the current Iranian calendar year (started March 20)

Iran sells over 15mn tons of cement overseas

A new report says Iran exported more than 15 million tons of locally produced cement over the last Persian calendar year (ended March 19)

Iran to award power plant deal to Turkey

Turkey’s media reported on Tuesday that Iran is preparing to award a major deal to Turkish private companies for building a power plant in the Islamic Republic

Iran to amend its new oil deals

Only months after Iran announced a new format of oil sector contracts, indications are appearing that the country may make some key changes in them

‘Norwegian company after major gas deal with Iran’

Norway’s oil and gas giant Hemla Vantage seeks to seal a $600 million energy deal with Iran on the production and export of liquefied natural gas (LNG) and liquefied petroleum gas (LPG), a report says

Turkish firm to build several natural gas power plants in Iran

Turkey’s Unit International has sealed a multi-billion dollar deal with Iran for the construction of several natural gas power plants in the country

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

SAIPA, SK Networks seal $1bn deal

Iran said on Sunday that a deal has been signed with South Korea’s SK Networks to provide $1 billion in funds for the procurement of auto parts and car production materials

Who will win over the Iranians?

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

EU firms barter auto parts in Iran petchem deals

Reports by Western media show that European energy firms are using barter schemes to dodge banking obstacles in their efforts to purchase petrochemical products from Iran.

Iran exports biological drugs technologies

An Iranian official says Iran is now exporting the technologies and expertise of many biological drugs to other countries.

Tata Motors to set up car unit in Iran

India’s media reported on Monday that the country’s Tata Motors is in talks with Iran’s auto giant Iran Khodro to set up a car production unit in the country.

Inflation rate glides down in Iran by over half a percent

Latest official data shows the inflation rate in Iran has descended in the second month of the Iranian calendar year

Bosch to open business, hire staff in Iran

German auto parts supplier Bosch is opening an office in Tehran and plans to hire 50 personnel by the end of this year because it sees growing potential in Iran's car market following the lifting of international sanctions.

Iran exports 2.1m barrels of oil per day

Deputy Minister of Petroleum Roknoddin Javadi announced that Iran's daily oil exports touched the figure of 2.1 million barrels during the current Iranian month of Ordibehesht (started April 20)

British economic-cultural delegation due in Iran May 7 – OPEN IRAN NEWS

The Middle East Association is going to dispatch a large delegation to Iran with the hope to help British companies find new opportunities of cooperation in a variety of fields.

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.

Zuma wants trade with Iran to rise to $8bn

South Africa’s President Jacob Zuma said in Tehran on Sunday that his country plans to increase the volume of trade with Iran to as high as $8 billion by 2020

Iran sets new steel export record

Iran said on Sunday that it had exported 4.1 million tons of steel in the past Persian calendar year which ended on 22 March 2016 thus setting a new record in sales of the strategic product to international markets

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.

US company seeks Iranian petrochemical products

An Iranian energy official said a US company is interested in purchasing petrochemical products from Iran.

‘OMV ready to resume Iran oilfield work’

Austrian energy company OMV has announced its readiness to resume developing the Cheshmeh Khosh oilfield in western Iran, a report says

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

‘Germany’s VW close to Iran auto deal’

Iran said on Sunday that Germany’s auto giant Volkswagen is expected to seal a deal with an Iranian partner in the near future to invest in the country’s car industry

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)

Iran to begin producing cars in Oman in 2017

A joint venture to manufacture cars in the Persian Gulf sultanate of Oman by Iran will begin in a year, an Iranian official has said

Iran offers ample investment opportunities for Oman

Muscat: Iran offers ample investment opportunities for Omani entrepreneurs as the country is gearing up to execute several projects in a wide range of industries

US companies seek to enter Iran petrochemical sector

A deputy to the Iranian petroleum minister said American companies are in line to participate in Iran’s petrochemical industry.

Iran discussing investments with US firms

Iran said on Saturday that it has started preliminary talks with some American companies over certain investment projects in the country.

Japan Keen to Invest in Iran’s Market

TEHRAN (Tasnim) – A senior Japanese official voiced the Asian giant’s eagerness to immediately revive economic relations with Iran and take the ample investment opportunities in its market

BASF to invest $4bn in Iran petchem plan

Iran said on Friday that Germany’s BASF – the world’s largest chemical producer – plans to make an investment of as much as $4 billion in its petrochemical industry

Minister Calls for Japanese Automakers’ Investment in Iran

TEHRAN (Tasnim) – Iranian Minister of Economic Affairs and Finance called on the giant automaker Toyota and other Japanese auto manufacturing companies to invest in Iran as much as their French rivals, including Peugeot-Citroen and Renault, which are

Germany, Japan to jointly invest in Iran’s projects

Germany and Japan, the two countries that seem firmly determined to reenter the Iranian market seek to invest in various petrochemical projects of Iran

Germany, Japan to jointly finance Iran's petrochem projects

German Linde Group jointly with Japanese MITSUI & CO., LTD. will invest in various Iranian petrochemical projects, Marzieh Shahdaei, the director for projects at Iran’s National Petrochemical Company (NPC) said

Linde, Mitsui plan $4bn investment in Iran

Germany-based Linde, a leading industrial gases company, and Japan’s Mitsui Chemicals plan to invest $4 billion into petrochemical projects in Iran, said a senior official in a report

Iran Is Back in Business

ostracized as a pariah for almost four decades, Iran is back in business in a mere ten days—and with both East and West

Consider establishing your company in Free Zones

There is no doubt, Iran has a lot of potential: a domestic market of 80 million people, 93 billion bbl or approximately 9% of the world’s proven oil reserves, 21 trillion cubic meters or 15% of the world’s proven gas reserves, 11 petrochemical comple

Chinese car makers invest in Iran

One key part of the cooperation between China and Iran focuses on the car industry. For over ten years, Chinese car makers explore this market in Iran as the demand there continues to increase

Companies rush to invest in Iran after deal

DUBAI — Iran ordered a sharp increase in oil output yesterday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation

Italy to Offer Financing for Investment in Iran

Italian government is working to help companies get closer to investors and prospective clients in Iran

Iran emerges as market of the future

After years of tough United Nations sanctions on Iran, on areas such as banking, steel, shipping and aviation, global companies are hoping to cash in on the expected trade boom. And it is not just about pumping more oil.

Iran emerges from the shadows with huge untapped potential

Officials plan to increase oil production immediately by about 500,000 barrels per day. After that, the next priority is getting access to up to $150 billion of frozen assets to help rebuild an economy that analysts say has the potential to be the "G

Petrochemical industry Investment opportunities

Developmental projects with an investment of 40 billion dollars has been set as the goals of the next 5-year Development Plan of Iran

Iran sanctions end: Cheaper oil, more trade opportunities for India

The lifting of the sanctions on Iran will benefit India with lower oil prices and more opportunities for trade, according to experts. It should also bring the proposed India-Iran gas pipeline closer to reality

Iran up to attract €10bn oil investment

ICOFC managing director has estimated attraction of 10 billion euros of new investments in Iran’s central oilfields rejecting the halt of oil industry development owing to low production costs

German Companies Could Invest 12 Billion Euros In Iran’s Petrochemical Sector

German companies have proposed a 12 billion euro worth of investment in Iran’s petrochemical projects, Abbas Sheri Moqaddam, Iran’s deputy oil minister said without unveiling further details

Australia mulls mining investment in Iran, to open economic agency in Tehran

Australia will soon send a delegation of senior company officials from the mining, trade, and industry sector to Iran. To be led by the Minister for trade and investment, the visit may take place in May 2016

Sabz Dasht Sarvestan Petrochemical

: natural gas turned into methanol and then with different processes methanol changed into propylene. Ifra productions of propylene consist of: polypropylene. Resins. Astylen and other hundreds matters

Palayesh Parsian C2 Recovery and Fractionation

The EP contract was signed between Palayesh Parsian Sepehr Company as an owner and consortium of HAMPA and HEDCO (contractor) in Aug 2011

oil equipments production

The location of this project is in Kazeroon . The nearness of this project to southern Pars zone is the preference of this project

Capabilities and Advantages of East Azarbaijan

Regarding to other actions for creating appropriate conditions, the awareness of the capabilities and opportunities in the province by the investment applicators is very important, for this purpose up to date information and publishing the capabiliti

capacities and capabilities of Zanjan province

Specific geographical location of the province from point of locating on energy corridor and easy access to main transferring lines of petroleum, gas and other petroleum products and also it`s access to the electric power transferring lines

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)

Investment Opportunities of Hormozgan Province

Today, investment has emerged as a science in economic literature and has opened a new gateway toward the development in countries.

Iran eyes Russia for petrochemical exports

Iran is eyeing the Russian market for sales of petrochemical products as prices in Europe continue to fall with the decline in international crude and naphtha rates.

Investment projects in Semnan

Planning for development of handicrafts and traditional arts in the province of support, development and promotion. To provide guidance regarding the style sheet production units.

Anzali Free Zone And Legal and Trade Advantages

The possibility of unlimited investment for both Iranian and Foreign nationals * Full protection and guarantee of foreign investment.

Anzali Free Zone And Investment Opportunities

The m ain goal of many under development countries is accessibility to stable development and rising up their national revenue by promotion of export an d production capabilities since the more production and export means the better economic developm

Establishment of Cement Factory-Khorram Abad

Establishment of Cement Factory with 3.300 ton/day and 1.000.000 ton/year Capacity has started the project in a Piece of land with the area of 100 Hectares in Khorram Abad Province , the capital of lorestan state in south west of the country of Iran

brick production unit

Brick is an old ceramic product. Frequently used in construction industry because of accessibility of its raw material {clay).clay toughness and its mechanical power after heating is considerable This project aims to utilize modern technologies for

alumina production from Navid Group’s Bauxite mine

Alumina powder production which is the most important material for producing Aluminum bar is the ultimate output of this project. The raw material of which is extracted and produced from Navid Mine in Semnan

Colorful Aluminum Sheet Production

Aluminum composite sheet has been one of the most well known materials for house façade. Lightness and reducing building weight are the advantages of it. Besides, modern beauty and some of its unique physical and chemical features have made it an

Anzali trade-industrial free zone

Bandar Anzali as the most equipped and most modern Caspian Sea port due to the unique geographical position as the only free port in the area,has the significant role in development of North – South(Nostrac) corridor. Since this Port is being located

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

Russian airliner to dominate Iranian skies

About 100 of Russia's newest airliners could be in service in Iran, according to Deputy Prime Minister Dmitry Rogozin. Moscow and Tehran are negotiating local production of the Sukhoi Superjet 100 (SSJ 100) airliner to replace Iran's ageing fleet on

Asian demand to fuel Iran's Siraf eight-refinery project

Asia is expected to be the destination for more than half of Iran's ambitious $2.8-billion Siraf Refinery project's value-added oil products when the venture starts up in 2018, said the refinery’s managing director, leaving little room for condensate

West Ethylene Pipeline breaks feedstock supply record

West Ethylene Pipeline has set a new record in supplying feedstock to eight petrochemical plants along its way, a petrochemical official said.

Azar oilfield to start early production

Early production from Azar oilfield in the border city of Mehran in Ilam Province will begin late next year, said the operator of the field.

Iran discusses investment in foreign refineries

Iran has begun negotiations to buy shares in oil refineries in Europe, Latin America and Asia, a deputy oil minister was quoted as saying by Mehr News Agency on Tuesday.

Iran unveils long-awaited oil contracts

Iran’s Ministry of Petroleum published the new framework of oil and gas contracts which will be presented formally to foreign companies in a conference in Tehran later this month.

Promoting Hamedan tourism potentials a necessity

Hamedan city, the capital of the western province of Hamedan, is recognized as one of the favorite destinations for tourists to Iran. All historical and natural attractions of the city are unique in their own way. The city, with some of the most beau

Iran plans biggest mining exploration yet

Iran plans mining exploration over 240,000 square kilometers across 12 provinces in the biggest development attempt which the sector has seen yet, Deputy Industry, Mine and Trade Minister Mehdi Karbasian says.

‘Iran growth to outperform MENA states

Iran’s economic growth will outperform most of the Middle East and North Africa (MENA) countries in 2016 when sanctions are lifted, a Washington-based finance industry body says.

Iran lines up $25 billion energy investment

Iran has put together a package for $25 billion of investment in its booming power industry which is key to the country’s economic recovery, head of Iran Power Transmission, Generation and Distribution Company (Tavanir) says.

Iran to boost oil exports after sanctions are lifted

TEHRAN, Iran (AP) — Iran said Tuesday it will export an additional 500,000 barrels of oil a day after sanctions are lifted under a landmark nuclear deal in a bid to reclaim its market share despite low prices

Oman’s path to Iran

Through economic ties and a careful, long-standing diplomatic posture, Oman has become a key player in the Middle East.

France’s Fives Group to invest in Iran’s aluminum industry

TEHRAN- France’s Fives Group made an agreement with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on making joint venture for the construction of an anode production plant in Iran, according to the IRNA news age

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

Iran prepares to open up to foreign oil companies

It is customary in Iran to refuse an offer several times before agreeing to take it, whether it be an invitation to tea or a business deal. Foreign energy companies are gearing up to play the same game of manners during negotiations over the terms of

Iran’s petchem sector negotiating to open offices abroad

TEHRAN – Iran’s petrochemical sector is negotiating with a number of countries including Spain and the Commonwealth of Independent States (CIS)to open sales offices over there, according to an Iranian oil official.

Traders hope Iran deal will avail Persian carpets

Dusting off the thousands of exquisite Persian carpets he has kept in storage for several years, Amir Hossein hopes that soon he will be able to ship at least some of them to the US.

This Week In Energy: How Iran Plans To Attract $100 Billion In Oil Investment

There was little movement on oil prices this week – a few down days and a few up days. WTI closed out the week trading in the mid-$40s, with Brent at $48 per barrel.

Iran to Pay Oil Companies Larger Fees in 20-Year Contracts

Iran will pay foreign oil companies larger fees than it did under previous buy-back contracts to attract $100 billion of investments needed to rebuild its energy industry.

Iran Could Trigger A Resource War On Several Fronts Other Than Oil

As has already been discussed at length, once the economic sanctions imposed by the U.S. and the European Union on Iran begin to be lifted next year, there is going to be a surge in the already oversupplied global crude oil markets. The current world

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.

The Iranians are hoping the prominent U.S. firms will compete with foreign companies to secure lucrative contracts with Iran’s state-controlled oil an

TEHRAN- The U.S. companies may participate in the conference to unveil Iran’s new models of oil contracts, known as the Integrated Petroleum Contract (IPC), according to National Iranian Oil Company (NIOC) Managing Director Rokneddin Javadi.

Iran invites all, including US-based companies, to make oil, gas investments: Minister

Iranian Industry, Trade and Mining Minister Mohammad Reza Ne’matzadeh has said all global companies, including U.S.–based ones, can make oil and gas exploration investments in Iran, which has already identified 300 investment projects that will be an

Investors tread carefully on ending of Iran sanctions

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.

Oil Terminal

It is the leading industry event attracting 350+ delegates annually from more than 25 countries (Russia, CIS, Europe, America and Asia).

Poland to invest in Iranian pharmaceutical industries

TEHRAN, Sep. 27 (MNA) – Iran’s Health Minister announced that Poland will invest in Iranian industries of pharmaceutics and medical equipment.

Iran's Next Challenge: Courting Oil Investors

Iran is preparing to formally open up its economy to Western investment, a prospect that has drawn the attention of the world's biggest oil companies. But Tehran may have more difficulty reviving its oil and natural gas sector than it hopes. On Sept.

Novo Nordisk to build €70m plant in Iran

Novo Nordisk is to become the first western pharmaceuticals company to build a manufacturing plant in Iran, in a sign of confidence in the country’s economy after its nuclear deal with the US and other world powers.

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.

Iran to unveil new oil deals in Nov.

The National Iranian Oil Company (NIOC) has announced that it will introduce Iran’s new oil contracts in early November in Tehran.

Volatility in the O&G market

Malaysia’s O&G industry had once experienced the positive impact of stable global oil prices as throughout 2013 and the first part of 2014, the local bourse (Bursa Malaysia) saw a rapid rise in the listing of O&G companies while O&G projects both dom

In a Mideast upset by cheap oil, more crude may enter market

DUBAI, United Arab Emirates (AP) — Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.

Foreign investment to help Iran’s return to oil market

TEHRAN, Sep. 19 (MNA) – Underlining the vitality of foreign investment, an official described three possible scenarios for Iran to return to the oil market during the post-sanction era.

Spanish firms ready to invest in Iran’s petchem sector Tehran Times Economic Desk

TEHRAN- Juan Ramon Duran, the general manager of Spain’s Sercobe Association, announced Spanish companies’ preparedness to invest in Iran’s petrochemical sector.

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

European bank to invest in €90m Iranian petchem project

TEHRAN - A European bank will invest in building a gas-to-propylene (GTP) plant in Iran, which is estimated to cost €90 million, Iranian Deputy Oil Minister in Petrochemicals Abbas She’ri Moqaddam said.

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

Shell eyes Iran, to pay debt when sanctions end TEHRAN | BY GUY FAULCONBRIDGE

Royal Dutch Shell (RDSa.L) will repay a $2 billion (1.3 billion pounds) debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business s

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

Shell ‘will consider’ investing in Iran

Royal Dutch Shell will repay a $2bn (€1.7bn) debt to the National Iranian Oil Company when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said.

Investment in Iran’s Petrochemical Sector Could Reap Large Returns for Nimble Investors Willing to Stomach Significant Risk, IHS Says

ran offers low-cost feedstocks and access to large domestic and major foreign markets, but needs infrastructure and technology investments to grow

Kazakhs to invest in northern Iran

SARI, Aug. 18 (MNA) – A Kazakh economic delegation arrived in Iranian Northern Province of Mazandaran on Tuesday.

Australian companies keen to invest in Iran’s mining projects

TEHRAN- Australian companies are eager to make investment in Iran’s mining projects, according to Gerard Seeber, the senior trade commissioner for the Middle East and North Africa (MENA) region in the Australian Trade Commission (Austrade).

Japanese companies may be next to invest in Iran’s rich mineral reserves

Japan’s leading steelmakers have announced interest in Iran’s mining projects, including production of precious metals such as titanium.

Europe, US may invest in Iran glass industry

German, Italian and US companies have indicated readiness to invest in Iran’s glass manufacturing industry, head of the Iranian Glass and Crystal Producers Association says.

Investing in Iran after the lifting of sanctions

Just a few days after hosting a historic deal between Iran and the world powers on Tehran's nuclear programme and lifting international sanctions, Vienna has been the venue for deals of a different kind.

Iran: The oil and gas multibillion-dollar ‘candy store’

Lifting sanctions should open the way for major oil groups to return to the country, but negotiations will be tough

Iran to open door to oil investment as companies eye return

Tekegraph, International oil companies are lining up to return to Iran as new contract terms take shapetE

Billions up for grabs if nuclear deal opens Iran economy

DUBAI (Reuters) - Iranian investment banker Ramin Rabii says he shouted in joy when he learned that Tehran and world powers had reached a deal which promises to lift economic sanctions on Iran. Then he called colleagues to discuss the business implic

Iran Stock ETF Aims to Lure Foreigners Amid Nuclear Talks

Turquoise Partners Group secured regulatory approvals for the Turquoise TSE 30 Iran Index ETF, which will mirror the TSE 30 Index of the biggest stocks by market value on the Iranian bourse, the company said yesterday by e-mail. Fundraising will star

Western Companies Hope For a Bonanza in Iran

If you just looked at the numbers, the deal revealed last week by the aerospace and defense giant Boeing seemed insignificant: $120,000, for some data, aircraft manuals and navigation charts. But symbolically, the sale to Iran Air, revealed on Oct. 2

Iran's economy moving from bad to less bad

The CEO of Turquoise Partners, the largest investment company in Iran that's licensed to do business with foreign entities, said he sees the impact firsthand. "The growth is most definitely attracting renewed interest in foreign investment from Asia

Iran Lures Investors Seeing Nuclear Deal Ending Sanctions

Hotel with his Farsi translator, sipping coffee with potential Iranian partners while discussing the price of soy fiber. No sooner do they vacate their armchairs than another group of besuited businessmen takes their place, this time conversing in It

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.

Anzali Free Zone

Anzali Free Trade-Industrial Zone is a wide area of Bandar Anazli about 3200 hectares and about 8 kilometers of sea border and up to 2 kilometers into the sea, which included industrial ,trade and commercial ,tourism and services sections. Anzali Fr

Aras Free Zone

Jolfa district is located in the north-west of Eastern-Azerbaijan province, between 45º and 17´ till 46º and 31´ in eastern longitude and between 38º and 39´ till 39º and 2´ in northern latitude. It shapes a narrow strip on the northern border of the

Qeshm Free Zone

The largest Island in the Persian Gulf, Qeshm is situated at the mouth of the strait of Hormoz, 22 kms from Bandar Abbas and 220 kms from the UAE. The total area of this Free Zones is 300 sq. kms.

Kish free zone

Kish Island has a surface area of 90 square kilometers, with an outer boundary of 40kms, and a nearly elliptical shape. It is located in the Persian Gulf 19kms from mainland Iran.

Top