A new report from the International Monetary Fund (IMF) examining “selected issues” in Iran’s economy, including the expansion of non-oil exports and the role of women in the labor force, places special emphasis on the importance for Iran to develop the government securities market, which is a priority under the Sixth National Development Plan (NDP). […]
France, Britain and Germany are struggling to persuade their EU partners to back new sanctions on Iran to preserve its nuclear deal, diplomats said, with Italy doubting whether the measures can stop the United States pulling out in May. At a closed-door meeting of EU ambassadors in Brussels on Wednesday, London, Paris and Berlin sought […]
JAKARTA, March 28 (Reuters) – Indonesia’s state oil company PT Pertamina has won a tender to operate Iran’s Mansouri field and it will sign a petroleum contract in early May, its upstream director told reporters on Wednesday. Pertamina will have an 80 percent participating interest in the field and the rest will go to its […]
Iran’s direct-reduced iron (DRI) production rose by 24% year on year to 24 million mt over the first 11 months of the current Iranian year (to February 19), according to the Iranian Steel Producers’ Association. Some 19.8 million mt of DRI was consumed by domestic steel producers in the same period, 4% lower year on […]
The Iran nuclear accord, assailed by President Trump and his revamped retinue of advisers, received a strong endorsement Monday from a bipartisan group of more than 100 national security veterans, who said the United States gains nothing by scrapping it. The group, including 50 retired military officers and at least four former American ambassadors to […]
French oil major Total is committed to the development of an Iranian gasfield and will apply for a waiver if US President Donald Trump unilaterally withdraws from the 2015 Iran nuclear deal and re-imposes sanctions on Tehran, the company’s chief executive said. “If the US decides to put back the sanctions, we have to look […]
After a gap of 27 years, direct flights between Iran and Serbia resumed on Saturday, when an IranAir jet touched down at Belgrade’s Nikola Tesla airport, Serbian media reported. Iran Air is offering a direct service between Tehran and Belgrade twice weekly, with all flights fully booked until the end of the summer, the reports […]
China will build a train line connecting the Iranian port of Bushehr to the rest of the country’s railway network under a $700 million deal signed on Wednesday. The agreement was inked in Tehran in the presence of Iranian Transport Minister Abbas Akhoundi and officials from China Machinery Industry Construction Group. It will see the […]
Iran is giving Russia another market to offload its massive wheat harvest. The Persian Gulf nation has agreed to buy the grain from Russia and Kazakhstan, and total shipments may reach as much as 1 million metric tons a year over the next five years, according to the Tehran Chamber of Commerce. The wheat can […]
Firms to bid for Susangerd field: IRNA ONGC Videsh, the overseas arm of government-owned ONGC, has signed a cooperation agreement with Iran’s IDRO Oil to jointly bid for a $900 million development plan of Susangerd oilfield in southwest Iran, Islamic Republic News Agency (IRNA) reported on Tuesday. ONGC did not comment on the development when […]
MOSCOW (Reuters) – Russian oil companies could sign contracts with Iran by March 21 that would allow them to work on Iranian oilfields, Russia’s Energy Minister Alexander Novak said on Tuesday. Novak also said Iran was ready to supply crude oil to Russia but that would depend on future agreements with the buyers of the […]
Journalists flooded Iran’s National Museum on Monday for the arrival of more than 50 artworks from the Louvre—the first major show by a Western museum in the country’s history. The show reflects France’s determined use of cultural diplomacy as it seeks to rebuild traditional ties with Iran, even as their officials hold tense talks over […]
Major Iranian urban centers have seen unprecedented air pollution in recent years. According to officials, it is caused primarily by the many cars on the streets, with heavy vehicles including trucks and buses emitting 63% of air-polluting particles. An estimated 350,000 dilapidated heavy vehicles, according to the traffic police, are particularly large producers of pollutants. These vehicles also consume more fuel than newer […]