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Financials and Investment News in Iran

Iran Sets Currency Rescue Ahead of Reimposed U.S. Sanctions
8/6/2018 - Iran plans to implement a new financial rescue package on Monday to try and halt the rialís decline, coinciding with the re-imposition of severe U.S. sanctions on the oil-rich stateís economy after Pr...
Saudi Arabia to Admit Iranian Diplomat
8/5/2018 - Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency IRNA reported on Sunday, in a rare move after the...
Efforts Continue to Save Iran Oil Market Share
5/21/2018 - Climate Action and Energy Commissioner Miguel Arias Ca?ete met Iranian Minister of Petroleum Bijan Zangeneh in his Tehran office on Saturday in a bid to protect Iran"s oil trade following US withdrawa...
All New Decision in OPEC Needs Unity
5/20/2018 - Iranian Oil Minister Bijan Zanganeh says Tehranís oil exports to remain unchanged if the Iran nuclear deal is salvaged by the EU following the US withdrawal from the multinational accord. ...
Crude Oil Prices Could Increase After Trumpís Decision
Crude Oil Prices Could Increase After Trumpís Decision 5/9/2018 - The U.S. President Trump abandoned a nuclear deal with Iran that was agreed in late 2015, raising the risk of conflict in the Middle East and casting uncertainty over global oil supplies at a time whe...
IOOC Saves $237m in Contract Costs
1/2/2018 - The Iranian Offshore Oil Company (IOOC) says it has saved a total of 237 million dollars in cost of the contracts it has signed with contractors in the fiscal year of 2017-2018. ...
Iran welcomes Chinese Private Investors in Oil Projects
12/13/2017 - Iranian Minister of Petroleum Bijan Zangeneh said Iran and China enjoy extended relations in energy sector, calling on Chinese private investors to finance petroleum projects in Iran. ...
GIC Signs Agreement with Unit International & Zarubezhneft
8/8/2017 - Iran's Ghadir Investment Company has signed a trilateral agreement with Russia's Zarubezhneft and Turkish energy company Unit International to finance oil and gas development projects. ...
Namibia Keen on Enhancing Economic Ties with Iran
8/6/2017 - Iranian Minister of Petroleum Bijan Zangeneh said Namibia has indicated keenness to enhance economic ties with Iran and enjoy the capabilities of Iranian companies in developing a newly-discovered gas...
80$ Billion in Revenues from the SP Phase 11 Development Plan
7/4/2017 - Iran will be benefited from the deal signed with energy giant Total for developing the 11th phase of the South Pars gas field, literally earn 80 billion dollars of revenue, the managing director of Na...
172nd OPEC Meeting Smoothest Since 2013
5/28/2017 - Iranian Minister of Petroleum Bijan Zangeneh says the 172nd meeting of member states of the Organization of the Petroleum Exporting Countries (OPEC) was the ďsimplestĒ one since 2013. ...
Iran Not Expecting OPEC Call to Cut Output
5/27/2017 - Iranís Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets...
French Co. Positive About Prospects in Iran
5/13/2017 - An official at the French industrial conglomerate Groupe NOX said Iranís nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iran...
Shell Calls for Wider Crude Slate to Set Brent Benchmark
5/11/2017 - Shell has urged oil pricing agency S&P Global Platts to consider including other regional grades, such as Russian Urals, to set the key crude benchmark dated Brent, its vice president for crude tradin...
New Oil Contracts Will Rouse Iranís Job Market
4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the o...
Iran South Pars Revenues Hit $191 Billion
4/19/2017 - Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the re...
Expensive Oil not to Benefit OPEC Members in Mid-Term
2/28/2017 - Too expensive crude oil does increase revenues of the Organization of the Petroleum Exporting Countries (OPEC) but would ultimately damage their economies because the rivals will increase output at hi...
Iran Will Finalize Contract with Total within Two Months
2/21/2017 - Iran's oil minister said that the first of its new contracts would be finalized with Total within two months, according to the Mehr News agency. ...
Petchem Makes 35% of Iran Export Revenues
2/7/2017 - Deputy Petroleum Minister for Petrochemical Affairs Marzieyh Shahdaei says petrochemical exports account for 31% of Iran's non-oil exports and 35% of the country's revenues out of industrial products'...
70 Downstream Projects Ready for Financing
2/7/2017 - Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says the company has defined 70 downstream petrochemical projects and is ready to introduce them to interested financiers. S...

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