Energy

The Oil Minister at the Parliament

The Minister of Oil, Bijan Zangeneh which had visited the parliament to answer the questions of a number of representatives, called the objection of some representatives towards increased cooperation with foreign companies a mistake and […]

Energy

Iran carries oil to India at no cost

Abrar Eqtesadi writes that by offering incentives to Indian refineries, Iran plans to increase its share of the Indian oil market. Four Indian refineries can receive their deliveries free of charge at the coast. Indian […]

Financial Sector

Social Security Organization sells its businesses

Shargh writes that most did not expect the Social Security Organization to act on its decision to limit business operation so soon. The Social Security Investment Co. (SSIC) is transferring 130 of its subsidiaries and […]

Banking

India invests in Iran using Rupees

The Iranian President’s visit to India was among the most important events of the week. India reversed a law which had previously only benefited investors in Bhutan and Nepal, allowing Indian investors to use rupees […]

Energy

Armed forces must pull out of energy business

Armed forces and the largest state pension fund must withdraw their holdings and sell their businesses, announces the President Rouhani as the only way to save the country’s economy, repots Bloomberg. The divestment will start […]

Energy

Obstacles in the oil industry

Domestic and international opposition, blocking branding of gas stations and lack of hiring of elite specialists in the oil industry are the reasons that the Ministry of Oil has stated for the lack of development […]