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Turkey to build at least 10 hotels in Iran
May 13, 2016 13:31Turkish investors will be allowed to build at least 10 hotels in Iran, a Turkish tourism ministry official said on Friday, as the two countries look to increase bilateral trade after international sanctions on Iran were lifted in January.
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IEA says Iran’s oil output rose faster than expected
May 12, 2016 15:31The International Energy Agency (IEA) announced on Thursday that Iran’s oil production has risen faster than expected, reaching levels not seen since before the Western sanctions against the country were tightened in 2011.
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Croatian president to visit Iran next week for talks
May 12, 2016 09:50Croatian President Kolinda Grabar-Kitarovic is scheduled to pay an official visit to Iran to hold talks with the country’s officials on a range of issues.
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Kerry to encourage Iran trade in European banks meeting
May 12, 2016 08:22US Secretary of State John Kerry is set to meet with key European bankers in London to reassure them that they will not be penalized for having business with Iran.
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Indian firms team up with Iranian investor for Chabahar plant
May 11, 2016 11:08Three Indian companies have joined forces with an Iranian bank for the construction of a urea plant in Iran’s southeastern port city of Chabahar.
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Iran again rejects joining oil freeze plan
May 09, 2016 12:13Oil Minister Bijan Zangeneh says the country is still determined to increase its oil production to as high as four million barrels per day (bpd), stressing that Tehran will only negotiate over joining the oil freeze plan when that target has been achieved.
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UK banks to meet Kerry to discuss Iran
May 09, 2016 12:01The British media reported on Monday that some of the country’s biggest banks have been invited to a meeting with US Secretary of State John Kerry to discuss the openings that the removal of sanctions against have created for them over their banking transactions with the country.
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Iran oil exports hit 2.4 million bpd
May 07, 2016 12:05Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.
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Iran says ready to join oil freeze plan
May 06, 2016 14:46Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.
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No plans for Iran over new oil output rise
May 06, 2016 14:43Iran on Friday indicated that it has no immediate plans to launch a fresh rise in its oil exports from the current level of around 2.2 million barrels per day.