Iran ranked as South Korea’s second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No.2 spot for a quarter. South Korea’s March imports from Iran more than doubled from a year…

TEHRAN – The second edition of Iran Green Trade Fair (IGTF 2017) is hosting five domestic exhibitors and 48 foreign companies, IRIB reported. The exhibitors from countries including the Netherlands, Germany, India, Italy, France and Japan are showcasing their latest achievements and products in the three-day event which kicked off at the Tehran Permanent International…

TEHRAN – President Hassan Rouhani officially inaugurated 10 major oil, gas, and petrochemical projects worth $20 billion in the southern energy-rich Assalouyeh region on Sunday. Five phases of the South Pars gas field, four petrochemical projects, as well as the South Pars’ oil layer came on stream, Shana reported. South Pars is part of a…

Iran, Pakistan ink MOU on banking co-op[stm_post_details] TEHRAN – The Central Bank of Iran (CBI) and the State Bank of Pakistan (SBP) signed an agreement on Banking and Payment Arrangement (BPA) aiming to strengthen banking ties between the two countries. The document was signed in Tehran on Friday by Gholamali Kamyab, the vice governor of...

Companies from 18 countries to attend 9th ICM in Tehran[stm_post_details] TEHRAN – More than 40 companies from 18 countries are going to attend the 9th International Course on Islamic Capital Markets (ICM 2017) which is due to be held in Tehran on April 18-20.. Iran’s Securities and Exchange Organization (SEO) and Islamic Development Bank (IDB)...

Iran to receive 4 ATR airplanes by late April.[stm_post_details] TEHRAN- Iran’s national flag-carrier airline Iran Air has signed a contract to buy 20 ATR 72-600 from the French-Italian aircraft manufacturer and four planes of the kind will be delivered to the country in 15 days, Deputy Transport Minister Asghar Fakhrieh Kashan announced on Monday.. As...

Germany enters Iran’s auto parts market[stm_post_details] TEHRAN - Germany’s Continental Automotive Group and Iranian auto parts manufacturer Crouse Company have signed an agreement to establish a joint venture in Iran. According to Tasnim news agency, Continental, which is the world’s third biggest automotive replacement parts manufacturer, and Crouse founded a new company called “CCAC” after...

Iran ready to sell oil to South Africa, buy refinery shares[stm_post_details] TEHRAN – Iran is ready to sell South Africa 100,000 barrels per day (bpd) of oil and also to buy shares in the African country’s oil refineries, Oil Minister Bijan Namdar Zanganeh said on Saturday. He made the remarks on the sidelines of a...

Iran exports 24m barrels of gas condensate in January[stm_post_details] TEHRAN – Iran exported 24 million barrels of gas condensate to European and Asian destinations in January, Shana reported on Saturday. Asian countries have always been top buyers of Iranian gas condensate but recently Europe too has joined Iran’s gas condensate customers as BP received its...

Intl. real estate, property expo opens in Tehran[stm_post_details] TEHRAN – The fourth International Exhibition of Real Estate and Property kicked off in Tehran on Sunday, IRIB reported. The four-day event will be hosting 107 domestic companies as well as 23 exhibitors from foreign countries including Britain, Italy, Oman, Turkey, France, Greece, Georgia, Cyprus and Kazakhstan....