Energy

Oil production at West Karoun doubles

More than 305 thousand barrels of oil was produced per day at West Karoun oilfields in southwest of Iran over the month of Dey, i.e. late December to late January; nearly double as much as […]

Companies

Parsian Oil & Gas Development Group Co.

Parsian Oil and Gas Development Group, in 2007 was initially registered as a private equity company, Ghadir Alvand Development Company . Four years later in 2011, the company changed name to Parsian Oil and Gas […]

Financial Sector

Parliament rejects the budget bill

For the first time in nearly four decades, outline of the budget bill was rejected by the Parliament on Sunday, reports Bloomberg. Although the budget bill was partially revised by Parliament’s budget committee, however its […]

Banking

Chinese banks’ share acquired by Iranians

Akhbar Sannat newspaper quotes the Head of the Iran and China Chamber of Commerce, Asadollah Asgaroladi, announcing the Central Bank of China’s agreement and issuing of licenses for the Iranian private sector to purchase up […]

Financial Sector

Tehran Subway needs 2000 new cars

Line 7 of Tehran Metro which began operations in April, right before the presidential elections; ceased operations in November on orders from Tehran’s new Mayor due to incomplete safety systems. In an interview with Ali […]

National News Review

Iran improves its ranking at OECD

The Organization for Economic Co-operation and Development (OECD) has upgraded Iran from high-risk to moderate-risk for trade. Taadol newspaper writes that this upgrade can entail an increased ceiling in financing and reduced fees for insurance […]