Iran Economy News

Iran, Turkmenistan inaugurate gas pipeline

AFP: Iran's President Mahmoud Ahmadinejad and his Turkmen counterpart Gurbanguly Berdymukhamedov inaugurated on Sunday the last section of a pipeline to export Turkmen gas...

ENI sees Iranian crude deal running for 3 more years

Reuters: Italy's energy major Eni will continue to receive Iranian crude for at least another three years as Tehran still owes the company about...

Iran again delays phasing out fuel subsidy-agency

Reuters: Iran will continue to provide motorists with rationed gasoline for another month, again delaying a risky fuel subsidy cut feared to ignite street...

Iran explores layer of 34 bln barrels -ministry

Reuters: Iran has explored a layer of 34 billion barrels of crude under an offshore gas field in the Gulf, the Oil Ministry's website...

Credit hurdles remain hindrance to Iran oil trade

Reuters: Oil trade with Iran remains more difficult following tougher sanctions against the Islamic Republic, industry sources said, despite a message from the European...

UK Rhum gas field shuts due to EU sanctions on Iran

Reuters: BP has suspended production at Britain's North Sea Rhum gas field due to European Union (EU) sanction against Iran, the operator said on...

Iran says oil at $100 would not hurt world economy

AFP: Iran said on Sunday that the world economy is in a position to absorb an oil price of 100 dollars a barrel even...

Iran’s Entekhab buys Daewoo Electronics unit: reports

AFP: Iran's Entekhab Industrial Group has signed a contract sealing its acquisition of South Korea's Daewoo Electronics for 518 million dollars, reports and officials...

Latest news

Iranian Political Prisoners Mark 61st Anniversary of PMOI Resistance

As the People’s Mojahedin Organization of Iran (PMOI/MEK) approaches the 61st anniversary of its founding on September 6, a...

Iran’s Rial in Freefall, Putting Strain on People’s Livelihoods

The U.S. dollar exchange rate in Iran's free market has surpassed 2.8 million rials, while the official rate remains...

Iran’s Regime Rejects Retrial Request by Protester Sentenced to Death

On Wednesday, September 2, human rights media outlets reported the continued detention and interrogation of opponents of Iran's regime,...

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Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms...

Price of Cement in Iran Rises 90% in Six Months

The head of the Association of Building Materials Sellers...

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Reuters: European oil companies that are owed oil by...

After Coronavirus, Iran’s Regime Kills People Through Starvation

Multiple protests have recently erupted in various cities across...

BP North Sea venture with Iran hit by US ban

Daily Telegraph: The US has imposed sanctions on an...