MARKET SNAPSHOT

$1 = Iranian Rials

LATEST NEWS

RSS Economic News

  • Official: IMIDRO responsible for ceding projects to investors July 30, 2016
    Tehran, July 30, IRNA – A senior mining official announced that the policies of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) are procurement of the country’s needed minerals.
  • Ambassador welcomes toll exemption of foreign trucks in Azerbaijan July 30, 2016
    Baku, July 30, IRNA – Iran's Ambassador to Baku Mohsen Pakayeen on Saturday welcomed toll exemption for foreign trucks in Azerbaijan saying that it is positive move taken by the Azeri government.
  • Iranian corresponding banks in West Africa resume business operation July 30, 2016
    Tehran, July 30, IRAN - Deputy Chairman of the Export Development Bank of Iran Hossein Mirjalili said on Saturday that Iranian corresponding banks in four African countries resumed business operation.
  • Japan doubles Iranian oil import July 30, 2016
    Tehran, July 30, IRNA – Japan doubled Iranian oil imports in the first half of 2016 compared to the corresponding period last year, Oil Ministry said on Saturday.
  • Iran to process precious African stones July 30, 2016
    Tehran, July 30, IRNA – An Iranian businessman said here on Saturday that for the first time an Iranian company has inked an agreement with an African country for processing of precious and semi-precious stones.

RSS Energy News

  • Jakarta Seeks Oil, Gas Cooperation with Iran July 30, 2016
    TEHRAN, July 30 (Shana) – Indonesia has called on Iran to remove impediments to expansion of the two-way ties in the oil and gas sectors.
  • Vaezi: Iran’s Oil Output to Reach Pre-Sanction Level Soon July 30, 2016
    TEHRAN, July 30 (Shana) – Iran’s Minister of Communications and Information Technology Mahmoud Vaezi says Iran’s oil production is expected to reach the level prior to sanctions in the near future.
  • Japan to Invest $10bn in Iran’s Oil Industry July 30, 2016
    TEHRAN, July 30 (Shana) – Deputy Minister of Petroleum for International and Commercial Affairs Amir-Hossein Zamaninia said on Saturday that Japan has set aside 10 billion dollars in credit for investment in Iranian economic sector and the sum will soon be reimbursed.
  • Governorate General Office Thanks All for Bistoon Fire Extinguishing July 30, 2016
    TEHRAN, July 30 (Shana) – Governorate General Office in Kermanshah Province has thanked all those involved in fire fighting operation in Bistoon Petrochemical Company on Friday.
  • “Fire Contained Shortly” July 30, 2016
    TEHRAN, July 30 (Shana) – Head of the Crisis Headquarters in Kermanshah Province Reza Mahmoudian said on Saturday that fire in the storage tank of the Bistoon Petrochemical Company on Friday July 29 was successfully contained in shortest possible time.