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 […]

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 […]

Industries

Iranian insurance share of Oil business

An Iranian oil tanker had an accident in the China Sea, killing 32 and destroying its 60 million dollar cargo, Ebtekar writes. Abdolnaser Hemmati, Director of Central Insurance says that this oil tanker was operated […]

Energy

Naphtha demand might increase

Following the collision of the Iranian oil tanker with the Chinese ship, one million barrels of condensate, a hydrocarbon liquid used to make petrochemicals, were lost; apart from 32 missing crew members. Bloomberg reports about […]