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  • Chabahar power plant 2018-04-16 04:20

    Gas supply to Chabahar power plant to start in late May

    TEHRAN – The first phase of the gas supply project to Chabahar power plant in southeastern Iran is due to be completed by May 22 in which 1 million cubic meters (mcm) of gas will be supplied to the plant on a daily basis.

  • بازار دلار 2018-04-15 21:01

    By Mehrnoosh Aryanpour

    Dollars for…donuts: when the craze for FX simply gets out of control

    The other week’s slide in the rial to a new record low, posted as 56,800 per dollar, according to the Financial Tribune last week, shows just how maniacal the market’s thirst for hard currency has become. But instead of following the herd and asking, “where can I get some dollars to hoard?”, the better questions to ask are instead:

  • Non-oil Exports 2018-04-15 20:56

    Iran’s annual non-oil exports anticipated to hit $55b by Mar. 2019

    TEHRAN- Iranian deputy industry, mining and trade minister predicted that the country’s annual exports of non-oil products will reach $55 billion in the current Iranian calendar year (ends on March 20, 2019), ISNA reported on Sunday.

  • South Pars 2018-04-15 20:50

    Platforms of SP remaining phases to be completed by next March.

    TEHRAN- Building the platforms of the remaining phases of Iran’s South Pars gas field, except for phase 11, will be completed by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field.

  • meshkinfam 2018-04-15 08:32

    South Pars daily output to rise 84mcm by late Sept.

    TEHRAN- Daily production of gas from Iran’s South Pars gas field (shared with Qatar in the Persian Gulf) will be increased by 84 million cubic meters (mcm) by the end of the first half of current Iranian calendar year (September 22), according to the managing director of Pars Oil and Gas Company (POGC).

  • Essar Oil 2018-04-15 07:20

    Settling $2.5b of Iran oil dues, Essar Oil still owes about $616m

    TEHRAN – India’s Essar Oil has paid about 2 billion euros ($2.5 billion) of its oil dues to Iran and still owes the country about $616 million, Reuters reported quoting Essar Oil’s Chief Executive B. Anand as saying on Thursday.

  • Iran, Azerbaijan 2018-04-14 20:20

    Iran, Azerbaijan ink MOU to exchange electricity

    TEHRAN - Iran and Azerbaijan signed a memorandum of understanding on Thursday based on which Iran will import 180 megawatts (MW) electricity from Azerbaijan during summer (starting from June 1).

  • PKN Orlen 2018-04-14 20:03

    Poland’s biggest refinery joins Iranian crude oil buyers

    TEHRAN – Following Lotos, Poland’s biggest oil refiner PKN Orlen has joined the buyers of Iranian crude oil, receiving a 130,000-ton shipment of Iranian crude at the Baltic seaport of Gdansk, Reuters reported.

  • Iran’s oil output 2018-04-14 20:03

    Iran’s oil output up 3,300 bpd in March: OPEC

    TEHRAN- According to OPEC’s latest monthly report published on April 13, Iran’s oil production, based on secondary sources, stood at 3.814 million barrels per day (bpd) in March, up 3,300 bpd from that of February.

  • Hassan Qalibaf-Als 2018-04-13 15:08

    New shareholders’ presence in TSE up 40% in a year

    TEHRAN- Presence of new shareholders in Tehran Stock Exchange (TSE) rose 40 percent in the past Iranian calendar year 1396 (ended on March 20), compared to its preceding year, according to TSE CEO Hassan Qalibaf-Als.

  • Car imports. 2018-04-13 08:17

    Annual car imports drop 8%

    TEHRAN- Iran imported 70,075 vehicles worth $1.838 billion in the past Iranian calendar year 1396 (ended on March 20) which indicates 8.6 percent and 8.4 percent fall in number and value, respectively, compared to its preceding year.

  • OPEC 2018-04-12 16:51

    Iran sells light crude oil at $64.34 in a week

    TEHRAN- Iran’s light crude oil price fell $2.31 in the week ended on April 6 to settle at $64.34 per barrel, Shana reported on Wednesday.

  • Russia 2018-04-12 09:19

    Iranian, Russian capital markets to get connected

    TEHRAN- The Central Securities Depository of Iran (CSDI) and Russia’s National Settlement Depository (NSD) signed a memorandum of understanding (MOU) to connect the capital markets of both countries, IRNA reported.

  • Tugboats dock an oil tanker on a crude oil quay at a port in Zhoushan, eastern China's Zhejiang province, Nov. 11, 2016. 2018-04-11 21:06

    China to replace Saudi with Iran, Russia oil: Platts

    China state-run refiner Sinopec will cut back on its nominations of Saudi Arabian crude in May after the major OPEC producer's latest official selling prices came out above market consensus, potentially providing other producers in the Middle East and Asia Pacific with a chance to boost sales to the giant Asian consumer.

  • Lukoil 2018-04-11 19:41

    Russia's Lukoil expected to sign deals in Iran within 3-4 months

    TEHRAN - Russia's oil-producing giant, Lukoil is expected to sign contracts in Iran within the next 3-4 months to develop two Iranian oil fields, Sputnik reported on Wednesday quoting the company’s chief executive.

  •  oil industry 2018-04-11 19:40

    By: Ebrahim Fallahi

    Iranian oil industry’s achievements in past year

    TEHRAN – The Iranian oil industry witnessed several turning points passing through the previous Iranian calendar year (which ended on March 20), stabilization of the country’s oil output in the range of 4 million barrels per day (bpd), exporting a record 2.6 million barrels of oil and gas condensate per day, and reaching a record high in production from joint fields of South Pars and West Karoun, are among the most important developments in the oil industry during the past year.

  • Zanganeh 2018-04-11 19:39

    Issues with India over Farzad B gas field resolved: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran and India have resolved issues regarding Iran’s Farzad B gas field, IRNA reported.

  • Sinopec 2018-04-11 16:02

    Sinopec explanations regarding Khalkhal Dasht claims in response to the company

    Following a report on a conflict between the Chinese oil company Sinopec and an Iranian private company called Khalkhal Dasht which was published on March 19 by Tehran Times, Khalkhal Dasht responded to the mentioned report, denying Sinopec’s claims against the Iranian company. The response was published by Tehran Times on April 9.

  • Forex market 2018-04-11 11:42

    By Haniyeh Sadat Jafariyeh

    Taming the runaway forex market

    When rial finished its four-month decline sliding to a record low of 60,000 rials against the dollar on Monday from 43,000 rials in early January, the administration eventually made the long-waited serious decision to curb the rampant foreign exchange market by unifying the official and open market exchange rates.

  • Nobakht 2018-04-10 19:43

    Government’s income at $39.8b in a year

    TEHRAN- Iranian government spokesman Mohammad Baqer Nobakht put the government’s income at 1.675 quadrillion rials (about $39.88 billion) in the past Iranian calendar year.

  •  Iran, Qatar 2018-04-10 19:42

    Port, maritime co-op discussed between Iran, Qatar

    TEHRAN- In a meeting in Tehran on Monday, Iran’s Ports and Maritime Organization (PMO) Head Mohammad Rastad and Qatar Ports Management Company CEO Abdulla Al-Khanji explored the possible areas for cooperation between the two countries’ port and maritime sectors.

  • NITC’s fleet 2018-04-10 19:34

    NITC’s fleet renovation to continue

    TEHRAN- National Iranian Tanker Company (NITC)has demolished four of its oil tankers in the past Iranian calendar year (ended on March 20) in line with renovating its fleet, Shana news agency quoted Nasrollah Sardashti, the company’s managing director, as saying on Tuesday.

  • Non-oil 2018-04-10 10:30

    Non-oil exports up 6.5% in a year

    TEHRAN- the value of Iran’s non-oil exports reached $46.931 billion in the past Iranian calendar year (ended on March 20), with 6.56 percent growth from $44.42 billion in its previous year, Islamic Republic of Iran Customs Administration (IRICA) announced.

  • Czech 2018-04-09 20:52

    Iran-Czech business forum due in late Apr.

    TEHRAN- Iran-Czech business forum will be held on April 24 at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the portal of ICCIMA reported on Monday.

  • Gasoline 2018-04-09 20:48

    Daily gasoline output to increase 12m liters in 4 months

    TEHRAN- Gasoline production in Iran will increase 12 million liters within the next four months, Oil Minister Bijan Namdar Zanganeh announced on Monday.

  • Achilbay Ramatov 2018-04-09 20:47

    Uzbekistan poised to boost commercial ties with Iran

    TEHRAN- Uzbek First Deputy Prime Minister Achilbay Ramatov announced his country’s readiness on Monday for boosting commercial ties with Iran, IRNA reported.

  • gas-network 2018-04-09 11:38

    98% of cities to enjoy national gas network by next March

    TEHRAN – National Iranian Gas Company (NIGC)’s deputy director for planning affairs said some 1,120 cities across Iran are already joined to the country’s national gas network and by the yearend the number will reach 1,162 that is 98 percent of the country’s cities.

  • state-run shares 2018-04-09 11:38

    New round of offering state-run shares to start

    TEHRAN- Iranian Privatization Organization (IPO) will hold its first auction in the new Iranian calendar year (started March 21) to divest shares of 12 governmental companies and firms to the private sector on April 17, IRNA reported on Sunday.

  • Railway 2018-04-09 10:50

    Railway fleet to receive 90 passenger wagons in a year

    TEHRAN- Some 90 passenger wagons will be added to the Iranian railway fleet in the current Iranian calendar year (started on March 21), according to a railway official.

  • میدان نفتی آزادگان 2018-04-09 10:07

    Khalkhal Dasht’s response to a Tehran Times report: “Bitter experience of Chinese investor with Iranian contractor”

    Following a report on a conflict between the Chinese oil company Sinopec and an Iranian International company called Khalkhal Dasht which was published on March 19 by Tehran Times, Khalkhal Dasht has responded to the mentioned report, what comes below is the Iranian company’s account of the events.