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Russia holds tender for Iran power plant job
Aug 18, 2016 14:56Russia has announced a tender for the development of a key thermal power plant in Iran thus taking the project it was awarded last year one more step toward materialization.
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China seals deals to award loans to Iran
Aug 18, 2016 10:05Iran says it has signed two memorandums of understanding (MoUs) with two major Chinese banks to provide loans for its key development projects.
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Oil exports in Iran at 2.1 m/bpd in June
Aug 17, 2016 15:56Iran says its exports of crude oil reached 2.1 million barrels per day (m/bpd) in June. Yet, a top official in Tehran says the figure is still at least 0.4 m/bpd less than the average volume of oil exports of the country before the US-engineered sanctions were imposed against it.
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Persian carpets recapture US market
Aug 16, 2016 11:43Iran’s prized rug trade is getting a boost from the lifting of sanctions, with exports to the US reclaiming the lost ground in a big way.
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India’s oil imports from Iran at record highs
Aug 15, 2016 13:06The latest official figures show India’s imports of crude oil from Iran in July rose to the highest levels in more than five years what to analysts is a fresh sign of robust rise in Iran’s crude export abilities.
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Iran to introduce MasterCards: Minister
Aug 14, 2016 08:09Iran is about to introduce credit card services processed by global payment operator MasterCard for the first time, Communications and Information Technology Minister Mahmoud Vaezi says.
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Major rise seen in Russia’s trade with Iran
Aug 12, 2016 14:51Russia says its trade with Iran has increased by 70.9 percent after the sanctions against the Islamic Republic were removed earlier this year.
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Turkey ready to increase Iran gas imports: Turkish FM
Aug 12, 2016 14:45Turkey says it wants to increase the volume of natural gas it is currently purchasing from Iran in what could be a serious sign from Ankara that it wants to enhance economic ties with the Islamic Republic.
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Iran to attract $30bn for power projects
Aug 11, 2016 15:56Energy Minister Hamid Chitchian says the country has devised serious plans to overhaul its power industry within the next five years, adding that those plans need a collective investment of $30 billion to be materialized.
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Iran, Oman to change gas pipeline route
Aug 11, 2016 10:14Oman says it has arrived at an agreement with Iran to change the route and design of a planned undersea natural gas pipeline which will be meant to take natural gas from the Islamic Republic to the sultanate through the Persian Gulf.