Economic News Titles

Official: Agreement with Shell to be finalized soon

Official: Agreement with Shell to be finalized soon

Tehran, May 29, IRNA -- Managing Director of Maroon Petrochemical Company (MPC) Rahim Sharif Mousavi said on Monday that engineering agreement with Shell Company will be finalized in coming weeks.

NIOC, PNOC ink MoU on oil exploration

NIOC, PNOC ink MoU on oil exploration

Tehran, May 29, IRNA – National Iranian Oil Company (NIOC) and Philippine National Oil Company (PNOC) signed memorandum of understanding (MoU) on oil exploration.

Iran most affordable tourist destination: WEF

Iran most affordable tourist destination: WEF

Kuala Lumpur, May 29, IRNA – World Economic Forum (WEF) announced on Monday that Iran is the least expensive and one of the safest tourist destinations in the world for foreign visitors.

Petroleum Minister: Azadegan oil field tender underway

Petroleum Minister: Azadegan oil field tender underway

Tehran, May 29, IRNA – The international tender for the Azadegan oil field development is already underway, Minister of Petroleum said on Monday.

Kuwait broadens economic cooperation with Iran

Kuwait broadens economic cooperation with Iran

Tehran, May 28, IRNA – Kuwaiti government is to facilitate five important ports in the country to bolster economic cooperation with the Islamic Republic of Iran and Iraq, Kuwaiti minister said on Sunday.

Official Stresses strategic role of Chabahr Port in exports

Official Stresses strategic role of Chabahr Port in exports

Chabahar, May 28, IRNA -- Chabahar Port, as a logistic, oceanic and important highway of east corridor development, has a crucial role in exporting petrochemical products and steel, Director General of Sistan and Baluchestan Ports and Maritime Behrooz Aqaee said.

Iran ready to help Bolivia with water management

Iran ready to help Bolivia with water management

Madrid, May 28, IRNA – Iranian ambassador to Bolivia said in a meeting with Bolivian Minister of Development Planning Mariana Prado Noya on Friday that Tehran is ready to help Bolivia with its water management.

Hyundai Motor Company after stronger presence in Iran market: Official

Hyundai Motor Company after stronger presence in Iran market: Official

Tehran, May 28, IRNA – The managing director of Kerman Motor Company said here on Sunday that the South Korean Hyundai Motor Group is looking for safeguarding a stronger presence in Iran’s auto market.

Iran, Pakistan consider ways to boost trade ties

Iran, Pakistan consider ways to boost trade ties

Karachi, May 27, IRNA – Iran’s Consul General in Karachi Ahmad Mohammadi met with Head of the Federation of Pakistan Chambers of Commerce and Industries Zubair Tufail and a number of trade activists of Pakistan and considered ways to develop and boost trade cooperation between the two countries.

Total to finalize South Pars deal by summer

Total to finalize South Pars deal by summer

Tehran, May 27, IRNA -- Total is going to finalize its contract on South Pars 11 gas field development with Iran before this summer, said the Chief Executive Officer of the French oil giant.

Over 200,000 foreign tourists visit Isfahan in 2 months: Official

Over 200,000 foreign tourists visit Isfahan in 2 months: Official

Isfahan, May 27, IRNA – During the first two months of the current Iranian year (March 20 to May 21, 2017) 208,810 foreign tourists have visited Isfahan, said on Saturday the Managing Director of Cultural Heritage, Handicrafts and Tourism Organization (ICHTO) of Isfahan.

13% cut in Iran’s natural gas price to Turkey: Minister

13% cut in Iran’s natural gas price to Turkey: Minister

Tehran, May 27, IRNA – Iranian Petroleum Minister Bijan Zangeneh said that Turkey wanted 62.5 percent discount on Iran's natural gas price but the International Court of Arbitration approved of only 13 percent.

Petroleum minister hails OPEC Meeting

Petroleum minister hails OPEC Meeting

Tehran, May 27, IRNA – Petroleum Minister Bijan Zangeneh said that the recent OPEC Meeting in Vienna was smooth compared to those held over the past three years and there was consensus among the members.

Gas import from Turkmenistan conditional: NIGC chief

Gas import from Turkmenistan conditional: NIGC chief

Tehran, May 26, IRNA – Import of natural gas from Turkmenistan is conditional and Iran is going to continue buying the commodity from the country if it decreases the price, Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said on Friday.

OPEC members agree on 9 month oil cuts extension

OPEC members agree on 9 month oil cuts extension

Tehran, May 26, IRNA – OPEC (Organization of the Petroleum Exporting Countries) member states in their 172nd meeting in Vienna on Thursday agreed to extend production cuts for nine months.

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