Iran Economy News

Iran gas firm, bank sign $4 bln refinery deal -TV

Reuters: Iran's national gas company and one of its state banks signed a contract worth $4 billion on Monday to provide the funding for...

Iran stops making gasoline in petrochemical plants

Bloomberg: Iran stopped making gasoline at petrochemical plants after the government’s reduction in fuel subsidies last month caused prices to quadruple and consumption to...

Iran offers small oil, gas fields to Turkey

Reuters: Iran may offer Turkey four or five small oil and gas fields to develop, for which the Turkish government will seek private-sector investment,...

Iran’s NITC to add 22 very large crude carriers to tanker fleet by 2013

Bloomberg: NITC of Iran will become the world’s third-biggest oil-tanker company by 2013 when it takes delivery of 22 very large crude carriers, or...

China renews Iran crude deal with steady volume-sources

Reuters: China has renewed crude import pacts with Iran for 2011 by keeping the total supply amount almost the same as last year at...

ANALYSIS-Higher oil price empowers Iran, blunts sanctions

Reuters: Oil's ascent towards $100 a barrel, which OPEC blames on western financial speculators, has handed Iran a windfall to help contain domestic discontent...

Syria, Iran sign gas pipeline deal

AFP: Syria and Iran signed on Wednesday a deal to build a pipeline that would carry Iranian gas to Syria through Iraq, state news...

India may finalise Iran oil payment route soon-secretary

Reuters: India may finalise routing of funds as payment towards Iran oil imports in the next few days, Oil Secretary S. Sundareshan said on...

Latest news

Iran’s Regime Uses War to Legitimize the Gallows

As the world's attention remains fixed on the drums of war echoing across the Middle East, the Iranian regime...

Rising Inflation in Iran and Uncertainty Over Workers’ Livelihoods

The livelihoods of workers and retirees have faced unprecedented challenges in recent months. Point-to-point inflation has reached 96%, and...

Reuters Exposes $4 Billion Iran-Linked Gambling Network  

A Reuters special investigation shows that one of the world's largest illegal gambling networks has become part of the...

Must read

Iran’s Statistical Center: Point-To-Point Inflation in July Reached Nearly 88%

Amid Iran's deepening economic crisis and mounting pressure on...

Retirees Keep the Flame of Civil Protest Alive in Iran

Retirees in Iran are now forced to take to...

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Four Iranian pilgrims on bus among five killed in Iraq bomb

AFP: A car bomb killed four Iranian Shiite pilgrims...

Iran uses “an army of merchants” to infiltrate Iraq

Iran Focus: London, Sep. 05 – Iran is using...