Iran opens four new phases in South Pars gas field, exceeds Qatar’s production

The four new phases at the Iranian side of the largest world gas reserve will hugely increase Iran’s gas production, exceeding that of Qatar.

French Renault could come back to Iran ’in future’

Renault could get back to business in Iran in 2020 should democrats win presidential elections and re-enter the US into the 2015 nuclear deal and remove sanctions. However, it’s hard to predict how the new US political scene will unfold next year.

Iranian carmaker SIAPA restarts production line in Syria

The Iranian carmaker has restarted its production in the Arab country as Damascus is looking to stand on its feet again following years of a devastating war. The resumption is part of Iran’s economic activities as Syria opens new chapter.

Iran to register INSTEX mirror company soon, calls it STFI

The announcement comes after a visit to Iran by INSTEX president Per Fischer to work out details of the payment channel. Negotiations have been going on in various levels so that the channel starts work soon.

Iran closes airspace to Boeing Max 737

The ban follows decisions by dozens of world countries to either ground the aircraft or close their airspace. The two last fatal crashes, involving this model, took place soon after takeoff.

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New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

Iran-India joint business forum

Indian Ambassador to Iran Gaddam Dharmendra, UCO Bank Chief Representative in Iran Sabeer Nazeem, Indian and Iranian tradesmen and women attend a joint Iran-India business forum, presided by Mohammad Reza Karbasi, Deputy Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in international affairs.

Indian SPV with Iran running since 6 months ago: Envoy

New Delhi says it knew that US President Donald Trump Administration would withdraw from the nuclear deal and reimpose sanctions. So, it started to put in place a Special Purpose Vehicle (SPV) to make sure its trade ties with Iran are secured.

INSTEX president in Iran to work out details

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran in a bid to iron out the details of the financial scheme.

Baghdad invites Iranian private sector to invest in infrastructure, industry

Head of the Iraqi government says there are good opportunities for Iranian private sector investors to develop infrastructure and industrial projects. The remark came on day one of Iranian president Rouhani visit to the neighbouring country.