Iran Economy News

Pakistan, Iran sign major gas pipeline agreement

AFP: Pakistan and Iran on Friday signed a "sovereign guarantee" agreement paving the way for the completion of a 7.5-billion-dollar gas pipeline project within...

ANALYSIS-Iran’s Ahmadinejad takes gamble on subsidy cuts

Reuters: A ragged and torn one-thousand Iranian rial note is worth around $0.10 and can buy you a couple of bus rides across Tehran,...

Iran aims to become gasoline exporter – official

Reuters: Iran seeks to become self-sufficient in gasoline in two years' time and then to start exporting the fuel, an official said on Sunday,...

Shell trims exposure to Iran crude – sources

Reuters: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making ...

Oil trade with Iran thrives, discreetly

Wall Street Journal: An oil tanker named Front Page, chartered by Royal Dutch Shell PLC, left this port on March 17 and reported...

Money well spent?

Iran Focus: Tehran, May 15 – Iran Focus has carried out an investigation into Iran's annual budget and has learnt that huge sums of...

Boeing, Exxon say new Iran sanctions would hurt global sales

Bloomberg: Boeing Co.  and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say may cost $25...

Iran may be storing 38 million barrels of oil at sea, IEA Says

Bloomberg: Iran, holder of the world’s second largest oil reserves, may be storing as much as 38 million barrels of crude at sea...

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Iranian regime president Ebrahim Raisi killed in a helicopter crash

Iranian regime president Ebrahim Raisi and his eight-member delegation, including Foreign Minister Hossein Amir-Abdollahian, were killed in a helicopter...

Iran’s Regime Cuts Government Aid to Thousands of Disabled People

Behrooz Morovati, an activist for disability rights and the director of the 19 May Disabilities Campaign, announced that "this...

International Energy Agency: Iran Producing 3.3mn Barrels of Oil Per Day

According to the latest monthly report by the International Energy Agency, Iran's daily oil production in the month of...

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Iran’s Regime Cuts Government Aid to Thousands of Disabled People

Behrooz Morovati, an activist for disability rights and the...

Parliamentary Election Rejected by 92% of Eligible Voters in Tehran

The second round of the twelfth parliamentary elections of...

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Iran loses $133 million a day on embargo as oil buoys Obama

Bloomberg: U.S.-led sanctions against Iran are costing OPEC’s third-largest...

Nordic countries make joint appeal over Iran execution

AFP: Five Nordic countries issued a joint appeal to...

India, Pakistan at odds with Iran over gas price

Reuters: Differences persist between India and Iran over the...