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Financials and Investment News in Iran

Petchem Makes 35% of Iran Export Revenues
2/7/2017 - Deputy Petroleum Minister for Petrochemical Affairs Marzieyh Shahdaei says petrochemical exports account for 31% of Iran's non-oil exports and 35% of the country's revenues out of industrial products'...
70 Downstream Projects Ready for Financing
2/7/2017 - Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says the company has defined 70 downstream petrochemical projects and is ready to introduce them to interested financiers. S...
Vitol Clinches $1 Billion Pre-Finance Oil Deal with Iran
1/4/2017 - The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, ac...
Bank Allots 40% of Resources to Oil, Energy Projects
11/6/2016 - Managing Director of Export Development Bank of Iran Ali Saleh Abadi says 30 to 40% of the bank's portfolio is used for funding oil, gas and petrochemical projects in Iran. ...
OPEC Members' Export Revenue Drops to Lowest Level since 2004
OPEC Members' Export Revenue Drops to Lowest Level since 2004 8/26/2016 - Members of the Organization of the Petroleum Exporting Countries (OPEC) earned $404 billion in net oil export revenue in 2015, according to U.S. Energy Information Administration (EIA) estimates. Thes...
India’s MRPL Pays Part of Oil Debts to Iran
7/23/2016 - India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) says it has paid $1.4 billion to Iran in outstanding debts for previous oil purchases. ...
Over $6b Oil Revenues Slated for National Development Fund
3/8/2016 - Next year’s draft budget bill has allocated a 20-percent share from export of oil and gas condensates or 6.54 billion dollars for the National Development Fund. ...
Shell Starts Process to Pay Iran $2bn in Oil Debt
2/20/2016 - Global oil giant Shell has announced plans to repay its $2-billion oil debt to Iran, which it says it had been so far barred from paying due to western sanctions imposed against the country. ...
Zarif Says Sanctions on Iran Will Be Lifted on Next Saturday
1/16/2016 - International sanctions on Iran will be lifted on Saturday when the International Atomic Energy Agency (IAEA) issues its final report on Tehran's disputed nuclear programme, Foreign Minister Mohammad ...
Total Ready to Tech Transfer, Finance Iran Post-Sanction Oil Projects
10/20/2015 - The President Middle East and North Africa of Total Exploration and Production said France’s energy giant is ready for financing Iran’s oil projects as well as for transferring of technology following...
Iran Reports Surprise Rise in Oil Output
8/23/2015 - Iran has reported a surprise surge in its oil output capacity after a multiple year plunge that was prompted as a result of sanctions against investments in its key energy industries. ...
Iran Oil Revenues Cut to $24b
6/14/2015 - The spokesman for the Iranian government has said that the country’s revenue from selling oil has sharply fallen to $24 billion. ...
Oil Price to Vary from $60 to $70
5/9/2015 - A senior Iranian petroleum ministry official has predicted that oil prices would vary from $60 to $70 this year. ...
Iran & Algeria to Broaden Economic Ties
5/6/2015 - Iran and Algeria have agreed to expand economic cooperation, the head of Iran Chamber of Commerce said. ...
Sanctions Reduced Reliance on Oil Dollars
5/3/2015 - The Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said without the sanctions the country would have developed more rapidly in certain areas, however “this was also probable that w...
$7 billion of Iran Oil Money Not Paid
4/25/2015 - Sanctions have left $7 billion of Iran’s money from crude oil sales stranded abroad, Minister of Economic Affairs and Finance Ali Tayyebnia said. ...
Price War Has No Winner
1/9/2015 - OPEC members are not the only countries that the falling oil prices will inflict damage on their economies but the U.S and European countries are expected to have hard days ahead as well. ...
Instability Originates from Dependency on Oil Revenue
1/5/2015 - Iran’s economy has remained unstable mainly due to its dependency on oil revenues, so the country should find a way to ride out the volatility, former Minister of Economic Affairs and Finance and the ...
Iran-Venezuela Oil Ministers Meet
12/8/2014 - Iran’s Petroleum Minister Bijan Namdar Zanganeh met with Venezuela’s Oil Minister Asdrubal Chavez in Tehran to discuss expansion of economic and financial ties. ...
Gov’t to Set Budget on $70 Oil
12/5/2014 - The Iranian government is to draft its annual budget bill for next fiscal year (starting in March) based on $70 oil price, the head of Tehran Chamber of Commerce said. ...

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