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 – 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...

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...

Exports via railway jump 55% in 11 months[stm_post_details] TEHRAN- Exports of goods via railway increased 55% in Iran during the first 11 months of the current Iranian calendar year (March 20, 2016-Februray 18, 2017), compared to the same period of time in the previous year, IRNA quoted a railway official, Hossein Ashouri. As he said,...

Tehran, Paris sign MOU on railway co-op[stm_post_details] TEHRAN - Islamic Republic of Iran Railways (IRIR) and French National Railway Company SNCF signed a memorandum of understanding (MOU) on Sunday for enhancement of railway cooperation, IRIB reported. According to the IRIR’s office of public relations, based on the MOU six task forces will be formed to...

Iran-Greece Joint Chamber of Commerce set up[stm_post_details] TEHRAN-Iran-Greece Joint Chamber of Commerce was established, Tasnim news agency reported citing Public Relations Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA). Mehdi Jahangiri, the chairman of Iran-Greece Joint Chamber of Commerce, mentioned Greece one of the significant trade partners of Iran and stressed the...