A huge collection of 3400+ free website templates JAR theme com WP themes and more at the biggest community-driven free web design site
Home / Business

Business

South Korea releases parts of frozen Iranian funds: Businessman

South Korea has agreed to release a part of funds belonging to Iran and frozen in the country’s banks under pressure from the United States, says a businessman leading trade between the two countries. Hossein Tanhayi, who chairs Iran-South Korea Joint Chamber of Commerce, said on Tuesday that the two …

Read More »

Oil Minister: US Fails to Hamper Iran’s Activities by Imposing Sanctions

TEHRAN: Iranian Oil Minister Bijan Zangeneh underlined that Washington has been unable to bring the Islamic Republic’s energy and oil activities to a halt despite unilateral sanctions imposed on the country. “We have managed to overome the US sanctions and engage in our oil trade activities,” Zangeneh said. He, meantime, …

Read More »

Iran to export face-mask production equipment to 4 countries

TEHRAN: Chairman of the Board of Directors of a knowledge-based company, tasked with producing nanofiber face masks, said that face-mask production devices will be exported to four foreign countries. Reza Faridi Majidi made the remarks on Sun. in an interview with Mehr news agency and added, “with producing nanofiber face-mask …

Read More »

Iran Self-Sufficient in Repairing Offshore Oil Rigs

TEHRAN: Iran has gained self-sufficiency in the repair and maintenance of offshore oil drilling rigs, an official said. The CEO of Iranian holding Sina Energy Development Company (SEDCO) said the country does not rely on foreigners to repair offshore oil rigs anymore. Javad Owji said local experts have obtained the …

Read More »

Iran opens nearly $100 mln worth of new energy projects

Iranian President Hassan Rouhani has opened 10 major energy projects with an investment of 19 trillion rials (nearly 100 million) as his administrative government presses ahead with finishing key infrastructure facilities across the country.   Using a video conference call on Thursday, Rouhani ordered the opening of nine electricity and …

Read More »

Iran resumes gas exports to Turkey after pipeline fixed

The Iranian Oil Ministry says it has resumed exports of natural gas to Turkey despite reports in the media suggesting that exports could stop for good because of price disputes. A spokesman of the National Iranian Gas Company (NIGC) said on Wednesday that Turkey had finished repair work on a …

Read More »

Six solar plants to open as Iran expands renewable portfolio

Six new solar plants will come online in Fars province in southern Iran Thursday, marking another watershed in the country’s path to a decarbonized energy system and expanding its renewable portfolio. President Hassan Rouhani and Energy Minister Reza Ardekanian will oversee the commissioning of the plants, including the 10-megawatt Kourdeh …

Read More »

Current year golden year of Iran’s petchem industry: dep. oil min.

TEHRAN: The deputy minister of oil informed that considering 17 projects that are planned to come online in the current year, using 11.5 billion dollars of investments, this year would be a golden year for the Iranian petrochemical industry. Behzad Mohammadi said a total of $11.5 billion worth projects would be launched …

Read More »

Q1 Exports from Iran’s East Azarbaijan reach $710 million

TEHRAN:More than 417,000 tons of commodities worth around $710 million were exported from East Azarbaijan province in northeastern Iran to 79 countries during the first three months of the current Iranian year (March 20- June 20). According to the supervisor of East Azarbaijan Customs Offices, Leili Orangi, Turkey, Iraq, Armenia, …

Read More »