Iran Economy News

India IOC says paying for Iran oil through Turkey bank

Reuters: India's top state-run refiner , Indian Oil Corp Ltd, said on Wednesday it had begun paying its debt to Iran for oil imports...

Iran discovers $133 bln gas field

AFP: Gas- and oil-rich Iran has discovered another gas field with reserves of 495 billion cubic metres valued at $133 billion, the oil ministry's...

Iran gets 1 bln euros of India oil cash

Reuters: Iran has received 1 billion euros ($1.4 billion) from India in the last 10 days for long overdue oil debts, indicating the likely...

Kuwait denies joint oil development with Iran

AFP: The oil ministry in OPEC member Kuwait on Monday denied that it has started a joint oil development with neighbouring Iran. ...

Iran’s new oil minister seeks $40 bln to develop shared fields

Reuters: Iran will need some $40 billion this year to spur the development of oil and gas fields it shares with neighbouring countries, Oil...

Iran’s oil minister: Replace foreign oil companies

AP: Iran's new oil minister says he wants the Revolutionary Guard's economic conglomerate to replace foreign gas and oil companies, the official IRNA news...

OPEC to consult if oil prices fall more: Iran

AFP: OPEC ministers will hold consultations if the price of crude oil continues to fall but it is too soon to call for an...

Italy ups Iran crude oil imports in May-industry

Reuters: Italy's imports of crude oil from Iran, one of its main suppliers, spiked in May helping to offset a lack of crude from...

Latest news

Iran’s Regime Executes Two More Protesters from the January Uprising

This morning, two more protesters were executed by Iran's regime. Mizan, the state-run news agency affiliated with the judiciary of...

The Collapse of Iran’s Economic Resilience

The latest international reports show that the Iranian regime’s economy ranks near the bottom among 130 global economies. This...

Iranian Nurses Protest Unpaid Outstanding Claims

On May 30, a group of nurses in Yazd Province held a protest rally outside the Governor-General's Office, demanding...

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Netblocks: Iran’s Internet Faces Heavy Filtering Despite Restored Connectivity

NetBlocks, the global internet monitoring organization, says that Iran’s...

Iranian Media Report Approval of Resolution to Restore International Internet Access

Iranian media reported that a resolution to restore international...

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Rice says Iran referral to UN “only a matter of time”

Iran Focus: London, Dec. 17 – United States Secretary...