How will the Federal Reserve’s decision to raise interest rates affect Iran’s economy?
The US Federal Reserve has recently decided to raise interest rates by a quarter of a percent. How will that decision affect Iran’s economy has yet to be seen, but economists are warning the Iranian government about its possible ramifications. Khabaronline.ir’s Khatereh Vatankhah has filed a report that focuses on…
Koreans, Indians plan to boost Iran imports
South Korea and India are counting on an imminent termination of sanctions on Iran to resume oil imports. ‘If the sanctions on Iran are lifted, refiners expect to hike their Iranian crude imports to the level seen before the sanctions,’ South Korean Ministry of Trade, Industry and Energy said on…
NIGC, Gazprom to sign MoU for gas cooperation
Director of National Iranian Gas Company (NIGC) Hamid-Reza Araqi and Alexander Medvedev, Gazprom’s deputy chief executive, on Wednesday studied grounds for cooperation in the gas sector. The two sides agreed to sign a memorandum of understanding for the purpose in 2016. ‘The world is in need of gas and Iran…
US firms eyeing post-sanctions Iran jobs
More signs are growing that major US enterprises are preparing to set foot in the Iranian market as soon as the sanctions against the country are lifted. The Wall Street Journal has said in a report that several US corporate giants including Apple, HP and Lenovo are actively exploring a…
Oil firms from 17 countries to attend Int’l Oil Industry Exhibit
First International Post-Sanctions Oil Industry Exhibition will be held in Kish Island on January 11 in presence of oil executives from 17 countries. The upcoming exhibition follows Iran’s new model of oil contract—the Iran Petroleum Contract (IPC)–and Iran Petrochemical Forum (IPF) held in Tehran from November 28-29 and December 13…
Conditions ripe for Iran-Russia banking ties
Governor of the Central Bank of Iran Valiollah Seyf said on Tuesday that conditions are prepared for brokerage relations between central banks of Iran and Russia. In a meeting with a visiting Russian delegation, Seyf said conditions are now ripe for opening common accounts and establishing brokerage relations between Iranian…
Gov’t orders domestic firms to build cargo ships under 100,000 tons
Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said on Tuesday that the government required the state companies to order construction of cargo ships less than 100,000 tons to domestic shipbuilders. He made the remarks on the sidelines of visit to the 7th Kish International Exhibition of Maritime and…
Iran, Azerbaijan agree to swap oil products
Minister of Communications and Information Technology Mahmoud Vaezi said on Tuesday that Iran and the Republic of Azerbaijan have agreed to swap oil products. Vaezi made the remarks on the sidelines of the signing ceremony of documents on expansion of economic cooperation between the two countries. Speaking to reporters, he…
Iran achieves oil drilling know-how
Iran’s oil industry has succeeded in localizing its drilling industry knowledge in the last 36 years which can boost its partnership with foreign firms, said managing director of Global Petro Tech Kish company. “After foundation of the National Iranian Drilling Company (NIDC) and departure of foreign companies from Iran in…
Economy minister: Gov’t has plans to deal with falling oil prices to $30
Minister of Economy Ali Tayyebnia said on Tuesday that the government has plans to deal with plummeting oil prices to even $30. Referring to what he called an economic war on the country, Tayyebnia said, ‘This economic war is even tougher than the imposed war (1980-88 Iraqi imposed war on…
