Iran Plast 2019: a showcase for Iranian petchem power

TEHRAN – After four busy days, the 13th edition of Iran’s International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) was finally wrapped up on Wednesday.

By Ebrahim Fallahi

Iran's petrochemical industry unsanctionable: NPC head

TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said petrochemical industry is not like oil industry and it is practically unsanctionable.

By Ebrahim Fallahi

Worries over global economy outweighs geopolitical factors in setting oil prices

TEHRAN – The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year.

By: Ebrahim Fallahi

Optimism growing among oil traders on signs of a tightening market

In the last two weeks, a variety of boosting factors have come together to push the oil prices up to their highest in near six months.

By Ebrahim Fallahi

One belt-one road, a path to economic resilience

The history of Iran and China’s economic and cultural relations goes back to the ancient times, when positioned at the heart of the Silk Road, Iran linked the Asian country to the nations in Europe. Now, centuries later, the two countries have still maintained those strong ties and the economic relations between the two sides are seemingly on a new path to growth.

By Ebrahim Fallahi

Iran, India stress enhancement of economic relations

TEHRAN - Senior officials, entrepreneurs and representatives of private sectors from Iran and India gathered together in a business forum at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Wednesday to discuss ways of expanding trade ties.

By: Ebrahim Fallahi

Iran’s agricultural sector: 40 years of flourishing

TEHRAN – In the past forty years, since the Islamic Revolution, Iran has witnessed a remarkable improvement in various sectors and the agriculture industry has been one of the areas in which the country has undergone huge development.

By: Ebrahim Fallahi

Offering oil at IRENEX, challenges and merits

Since the U.S.’s withdrew from Iran’s nuclear pact in May 2018, vowing to drive Iran's oil exports down to zero, the Islamic Republic has been taking various measures to counter U.S. actions and to keep its oil exports levels as high as possible.

By: Ebrahim Fallahi

Tehran hosts specialized panel on energy Fintech

TEHRAN – Iran Water and Power Resources Development Company (IWPCO) in collaboration with Research Institute for Energy Management and Planning (RIEMP) as well as Farab Construction Engineering Company hosted a specialized panel meeting on Tuesday to discuss energy Financial Technology (Fintech) in Iran and specifically Energy Credit Obligation (ECO).

By: Ebrahim Fallahi

Energy Fintech in Iran: An expert view

Tehran Times once more welcomed Chris Cook, a senior research fellow at the Institute for Strategy, Resilience and Security Studies at University College London and a leading global expert in energy markets and financial technology, and Mahmood Khaghani, one of Iran's experienced and informed energy experts, to discuss the challenges and opportunities facing Iran as the 40th anniversary of the Islamic Revolution approaches.

By: Ebrahim Fallahi

Iran not merely rely on SPV to expand trade: TPO head

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO) said Iran will not solely rely on Iran-Europe trade mechanism, known as special purpose vehicle (SPV), for developing foreign trade and it will rather use its own capacities and capabilities in doing so.

By: Ebrahim Fallahi

Will Iran’s oil revenues satisfy next year’s budget expectations?

Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70 percent of the Iranian government’s total income comes from selling oil and oil products.

By: Ebrahim Fallahi

Iran’s oil market facing the new sanctions era; what to expect

After an expected hiatus in Iran’s oil exports to some of the country’s main customers following the reimposition of the U.S. sanctions, once again the country’s old buyers are coming back to take advantage of the 180-day window which has been presented by the waivers granted in November.

By: Ebrahim Fallahi

Chabahar port, Iran’s wining card in trade with South Asia, CIS

CHABAHAR- In southeastern Iran, on the Gulf of Oman, there is a port city called Chabahar which is the home for Iran's only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically.

By: Ebrahim Fallahi

Oil’s love triangle ends up with Trump in tears

These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.

By: Ebrahim Fallahi

13th ICA Regional Summit official opening ceremony held in Tehran

TEHRAN–The official opening ceremony of the 13th ICA-Asia and Pacific Regional Cooperative Conference was held at IRIB Conference Center on Wednesday.

By Ebrahim Fallahi

The impact of U.S. sanctions on Iranian oil industry, market in focus

Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry especially on the country’s oil exports.

By: Ebrahim Fallahi

Iran, Poland take strides towards better economic cooperation

TEHRAN – As two countries with huge potential for economic growth, Iran and Poland are taking new measures for developing non-oil economic cooperation with small and medium enterprises (SMEs) on focus.

By: Ebrahim Fallahi

Private sector from Iran, Syria light the flame

Economic co-op MOU signed between Tehran, Damascus

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and the Federation of Syrian Chambers of Commerce inked a memorandum of understanding (MOU) on Saturday addressing issues regarding long-term cooperation.

By Ebrahim Fallahi

OPEC defies Trump’s call for more oil, now what ?

The 10th gathering of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non-OPEC members on Sunday ended, as Iran insisted, without any direct decision on additional supply boost.

By Ebrahim Fallahi

Petrochemical industry, a pillar for Iran’s resilient economy

Inaugurating three major petrochemical projects in Assaluyeh petrochemical zone in southwestern Iran was the headline of almost all Iranian energy related and economic news agencies across the country on Monday.

By Ebrahim Fallahi

Caspian Sea legal regime: what it means for Iran’s oil and gas

After more than two decades of negotiations and diplomatic efforts in numerous summits, on August 12 a landmark convention was inked by the presidents of the five littoral Caspian nations – Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan on the legal status of the Caspian Sea during the 5th Caspian Summit in the Kazakh city of Aktau.

By: Ebrahim Fallahi

The reason for Iran’s power outages: exports or infrastructure?

Since starting of the summer, an intense heat-wave has been blanketing over most of the cities of Iran, leading to an over-usage of airconditioning appliances and a significant jump in electricity consumption among the household consumers. The situation has led to a series of daily power outages across the country which has affected many businesses and people adversely.

By Ebrahim Fallahi

U.S. ‘zero Iranian oil’ plan: A fantasy doomed to failure

U.S. has recently claimed that it wants to wipe all the Iranian oil from the global market to reduce the Islamic country’s oil revenues to zero, a plan which seems rather like a ‘Trump fantasy’ than a well-thought government-level program.

By: Ebrahim Fallahi

The aftermath of OPEC’s decision on rising output

The members of the Organization of the Petroleum Exporting Countries (OPEC) reached a consensus on Friday to increase their crude output in order to address concerns over rising oil prices, however the group didn’t give any clear information regarding the amount and allocations of the rise. Now, the question is how this decision is going to project in the oil market?

By Ebrahim Fallahi

OPEC’s big test: A choice between right and wrong

As the Organization of Petroleum Exporting Countries (OPEC) prepares to meet later this week in Vienna, tension is rising among some of the cartel’s biggest members on what is said to be one of OPEC’s biggest decisions since its establishment.

By Ebrahim Fallahi

Iranian economic center unveils proposal package to save JCPOA

TEHRAN - Since Trump announced U.S. withdrawal from the 2015 nuclear deal in early May and vowed to reimpose sanctions on Iran, the European signatories to the deal have been discussing plans to secure Iran’s economic benefits to persuade Tehran to stay in agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA).

By Ebrahim Fallahi

Iran’s oil market after U.S. nuclear deal exit

Near two weeks after U.S. President Donald Trump declared his decision on withdrawing from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), oil traders around the world are still following a “wait and see” strategy toward the consequences of Trump’s decision for Iran’s oil exports and market in general.

By: Ebrahim Fallahi

Europeans at Iran Oil Show don’t seem shaken by U.S. decision

TEHRAN - European exhibitors participating in the 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2018) believe that U.S. President Donald Trump’s decision on leaving the Iran nuclear deal (officially known as JCPOA) was not something unpredictable and they are still eager for collaborating with Iran’s oil, gas and petrochemical sectors.

By Ebrahim Fallahi

Indonesia’s Pertamina considers Iran a priority in region

TEHRAN - Indonesia’s state-run oil and gas company Pertamina sees cooperation with Iran as a priority for its activities in the region, Junizar Harman Dipodiwirjo, a field manager at Pertamina, said in an exclusive interview with the Tehran Times.