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Economy News

British bank warns about impact of ending Iran sanction waivers

British bank warns about impact of ending Iran sanction waiversTEHRAN – The British investment bank Barclays said the U. decision on ending the waivers on Iran oil sanctions will tighten crude markets significantly in the short term, Reuters reported....
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Inflation rate at 30.6%: statistical center

Inflation rate at 30.6%: statistical centerTEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on April 20, which marks the end of the first Iranian calendar m...
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Trade at TSE, IFB up 80% in a year

Trade at TSE, IFB up 80% in a yearTEHRAN- The value of trades at Tehran Stock Exchange (TSE) and Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), rose 80 percent during the past...
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SPGC to boost annual gas output by 7 bcm

SPGC to boost annual gas output by 7 bcmTEHRAN- South Pars Gas Complex (SPGC) plans to increase production of gas by seven billion cubic meters (bcm) in the current Iranian calendar year (which began on March 2...
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Over $1.6b to be allocated for flood compensation

Over $1.6b to be allocated for flood compensationTEHRAN - Head of Iran's Planning and Budget Organization Mohammad Baqer Nobakht announced on Wednesday that at least 70 trillion rials (about $1. 66 billion) is going to ...
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Cutting overhaul period in SP refineries raises output by 7.4 bcm

Cutting overhaul period in SP refineries raises output by 7.4 bcmTEHRAN – The output of South Pars gas refineries (in Southern Iran) is going to increase by over seven billion cubic meters (bcm) by cutting their overhauling period, Sha...
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Netherlands stresses expansion of agriculture co-op with Iran

Netherlands stresses expansion of agriculture co-op with IranTEHRAN- Netherlands Ambassador to Iran Jacques Werner stressed expansion of cooperation with Iran in the field of agriculture, ILNA reported on Wednesday....
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NIOC in talks with Chinese company for South Pars phase 11 project: Zanganeh

NIOC in talks with Chinese company for South Pars phase 11 project: ZanganehTEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said National Iranian Oil Company (NIOC) is in talks with a Chinese company for completing the South Pars phase 11 pro...
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Iran to award 5 oil projects to domestic firms in near future

Iran to award 5 oil projects to domestic firms in near futureTEHRAN – National Iranian Oil Company (NIOC) is planning to award five oil exploration and development projects to domestic companies, ISNA reported quoting an official w...
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Iranian new year’s 1st round of condensate offering due this week

Iranian new year’s 1st round of condensate offering due this weekTEHRAN - The National Iranian Oil Company (NIOC) is due to launch this year’s first round of gas condensate offering at the international ring of Iran Energy Exchange (IR...
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Tehran to host intl. hoteling exhibition in late April

Tehran to host intl. hoteling exhibition in late AprilTEHRAN – The 2nd international specialized exhibition of hoteling, managing, training, equipment and consumable items (Hotel Expo 2019) is due to be held at Tehran’s Shah...
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