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Day 30 1395
January 19 2017
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PHOTOS: Iran's president test-drives electric car on National Clean Air Day

- On the sidelines of a cabinet session on Wednesday, Rouhani took a tour by some of his ministers to check the products of three knowledge-based companies manufacturing electric cars and motorcycles. The Iranian president was briefed on the capabilities and quality of the products, including the two-seat electric car Yooz, produced by the Islamic Azad University of Qazvin, as well as two electric motorcycles manufactured by two other research centers. - 1/19/17

Iranian Fashion Startup Breaks the Online Shopping Mistrust Through Events

- An Iranian online marketplace for fashion goods is organizing local events to showcase the works of Iranian designers and international brands. With these events, this startup aims to overcome the challenge with offline to online conversion and building trust and credibility for their customers. -Techrasa - 1/19/17

President Rouhani: JCPOA belied allegations against Iran

- Iranian President Hassan Rouhani says the historic deal over Iran's nuclear program and its implementation belied claims about the country seeking weapons of mass destruction and demonstrated the honesty and sincerity of the Islamic Republic. Rouhani made the remarks in a press conference attended by some 200 Iranian and foreign reporters in Tehran on Tuesday on the first anniversary of the implementation of the country's nuclear agreement with the P5+1 group of countries, known as the Joint Comprehensive Plan of Action (JCPOA). - 1/18/17

Iran, Germany sign agreement on expanding transport co-op

- Iran and Germany inked an agreement on the expansion of cooperation in rail, air and sea transportation. Based on the agreement, which was signed in Tehran at Monday night by Iranian Transport Minister Abbas Akhoundi and the visiting German Federal Minister of Transport and Digital Infrastructure Alexander Dobrindt, the two sides agreed to set up a taskforce to develop mutual cooperation in different transportation areas. - 1/18/17

Russia gets multi-billion dollar Iran projects

- Under an agreement signed between the two sides, the Russians will improve efficiency at the Ramin power plant in Khuzestan province to 50-55% from 36% now, Alireza Daemi told the Mehr news agency on Wednesday. Another Russian company will build a 1,400-megawatt power plant in the Iranian city of Bandar Abbas in Hormuzgan province, he added. - 1/18/17

Iranian President Scrambles To Sell Nuclear Deal As A Win For Tehran

- Iranian President Hassan Rohani was riding a wave of optimism one year ago. The long-negotiated nuclear deal with world powers he had sold to Iranians as an end to their economic woes was finally being implemented. But as the first anniversary of implementation day approaches on January 16, Rohani has been saddled by the high expectations he set, as Iran's economy continues to struggle and the great boost in foreign investment and other benefits he envisioned has so far failed to materialize. -Frud Bezhan - 1/16/17

President Obama Renews Non-Nuclear Sanctions Against Iran For One Year

- In an executive order late January 13, Obama renewed the non-nuclear sanctions but affirmed the lifting of nuclear-related sanctions that occurred a year ago, saying Iran's 2015 nuclear accord with world powers has been successful. - 1/14/17

Could the world's most expensive spice help farmers in Vermont?

- Small farmers in the US state of Vermont are concerned traditional business won't sustain their farms, but see potential in an unlikely and very expensive spice. The snow-covered plains of Vermont are one of the last places you'd think saffron would grow. -Shirin Jaafari, BBC - 1/14/17

PHOTOS: 'Historic Day' as Iran's first Airbus jet lands in Tehran

- The first of 100 planes that Iran is expected to receive through a landmark deal with the European aviation giant Airbus has landed in the country's capital Tehran. The arrival of the plane - Iran's first new aircraft in about four decades - was marked by a special ceremony to celebrate what is seen as a historic day in the country's aviation industry. - 1/13/17

The Bride's Side

- Separate celebrations for women and men mean twice the business for Iran's growing wedding industry. -Tacita Vero, Slate - 1/13/17

World Bank Forecasts 5.2 Percent GDP Growth For Iran In 2017

- The World Bank, in its recent report titled Global Economic Prospects, forecasted a 5.2 percent gross domestic product (GDP) growth for Iran in 2017. The report put the country's GDP growth at 4.6 percent in 2016, while it predicted 4.8 percent and 4.5 percent growth for the country in 2018 and 2019, respectively. - 1/12/17

IranAir Takes Delivery Of First Airbus Passenger Jet

- The head of IranAir has taken delivery in France of the first Western airliner under an international sanctions deal. The 189-seat A321 was handed over in a January 11 ceremony at Airbus headquarters in Toulouse, France. "It's a new, magnificent chapter and a great day" for ties between Iran and Europe, IranAir Chief Executive Officer Farhad Parvaresh said. - 1/12/17

UN To Discuss Iranian Complaints About U.S. Non-Nuclear Sanctions

- Five global powers that are permanent members of the United Nations Security Council will meet on January to review Iranian complaints that the United States has reneged on the sanctions relief promised under the Iran nuclear deal. - 1/10/17

Oil Prices Plummet On Fear OPEC-Russia Output Cuts Will Unravel in 2017

- World oil prices have plummeted over concerns that a deal to curb production reached between OPEC, Russia, and other producers will not hold for much longer. - 1/10/17

US, Italian firms to save Iran's troubled appliance brands Arj and Azmayesh: Report

- Iran says it has started talks with major American and Italian companies to form partnerships with some of its oldest brands of household appliances in what appears to be a policy to prevent their demise. The announcement was made by Abbas Hashemi, the director general for household devices affairs of the Ministry of Industry, Mine, and Trade. - 1/9/17

Iran Accepts First Airbus Passenger Jet

- Iran has accepted its first new Airbus passenger jet, and the A321 aircraft is expected to be delivered within a few days. Iran has ordered some 200 commercial airliners, including 80 from U.S. producer Boeing, since the sanctions were eased in exchange for restrictions on Iran's controversial nuclear program. - 1/8/17

Iran cashing in on OPEC oil output cut: Report

- Reports suggest that Iran has managed to sell nearly half of oil that it had long held on tankers at sea as it capitalizes on OPEC oil cut to sell millions of barrels, courting new customers around the globe. Tehran has sold more than 13 million barrels of the crude it had held in floating storage. - 1/7/17

Rohani Corruption Spat Could Herald Rough-And-Tumble Iranian Presidential Campaign

- President Hassan Rohani has traded barbs with hard-line officials from Iran's judiciary in a highly public spat in which each side appears determined to tar the other with accusations of corruption in an election year. The feud appears to have been smoldering since the president's rise to power in 2013 on calls for reform and the arrest of one of Iran's wealthiest men, Babak Zanjani, months after Rohani took office. Golnaz Esfandiari - 1/6/17

Iranian Startups: Maman Paz delivers 200,000 orders of "mom-made" food in Tehran

- Shanbe magazine talks to Tabassom Latifi who has employed housewives and launched Maman Paz, a startup that delivers home foods to people (in Tehran, Iran) who are not at home most of the time or don't want to cook. - 1/5/17

Vitol, World's Largest Oil Trader, loans One Billion Dollars To Iran

- The world's largest independent oil trader Vitol has signed a deal to provide Iran with a major loan worth $1 billion - a landmark move that can help expedite the country's crucial plans to boost its production of crude oil. - 1/5/17

Iran Says Japan's Inpex Tipped To Win Azadegan Oil Field Contract

- Japan's largest oil and gas exploration and production company is reportedly trying to win a contract over the development of a major oil project in Iran that it abandoned in 2010. Kyodo news agency quoted an Iranian official as saying that Inpex had started intense talks with the National Iranian Oil Company (NIOC) to develop the Azadegan oil field in Iran's southwestern oil-rich province of Khouzestan. - 1/5/17

Meet An Entrepreneur Iranian Woman: Carpet Weaving Expert Nahid Hosseini

- Nahid Hosseini, 49, is a carpet weaving instructor who exports hand-woven carpets made by her trainees to European countries. Hosseini learned carpet weaving in her childhood from her father, Seifoddin Hosseini, who himself was an exemplary carpet producer and a top carpet weaving instructor. -Mojtaba Heidari - 1/4/17

Iranian MPs vote to end "Mehr" housing project

- Iran's media on Tuesday cheered as the Parliament voted to end a hefty housing project that President Hassan Rouhani had previously blamed for shooting up inflation to above 40 percent over the past years. The Parliamentarians in their debates over Iran's Sixth Five-Year National Development Plan (2020-2025) voted to have Maskan Bank allocate the required funds for completing the remaining phases of 'Mehr' (kindness in Persian) housing project which was a main brainchild of former president Mahmoud Ahmadinejad (2005-2013). - 1/3/17

Iran Approves European, Asian Companies For Oil, Gas Projects

- Iran has issued a list of 29 companies from Europe and Asia that have the government's approval to bid for oil- and gas-development projects in the energy-rich country. The Iranian Oil Ministry said on January 3 that the National Iranian Oil Company will soon hold tenders for energy exploration and production, something made possible due to Tehran's signing of a nuclear deal with six world powers in 2015. - 1/3/17

World Bank reports major drop in Iran's debts

- A report by the World Bank titled "International Debt Statistics 2017" showed that Iran's debts for 2015 stood at $6.32 billion. The figure was slightly higher than 2014 but was nonetheless around 64 percent lower than the debts in 2011 ($17.34 billion). - 1/3/17

Turkmen Cutoff Of Iran Leaves Dwindling Gas Options For Ashgabat

- It looks like Turkmenistan might be left with just one customer for its natural gas. The National Iranian Gas Company (NIGC) said in a statement on January 1 that Turkmen state company Turkmengaz "suddenly and...in an illogical manner, contrary to the agreement, halted gas deliveries to Iran this morning..." -Bruce Pannier, RFE - 1/2/17

Rohani Reassures Iranians Amid Currency's Drop

- President Hassan Rohani says that the exchange rates of the rial against foreign currencies "will not remain at current levels." President Hassan Rohani has told Iranians the government will work to protect the country's market stability amid a downfall in the Iranian currency to record lows. - 1/2/17

China Finances 5 Iranian Petrochemical Projects

- Marzieh Shah-Daei, Director of the National Petrochemical Company (NPC) of Iran, announced that five ongoing petrochemical projects, which are being implemented in Mahshahr, Asaluyeh and other regions, have received Chinese financing. - 1/2/17

New project will study development of Iran's economy

- Stanford's Iranian Studies Program launched the Stanford Iran 2040 Project about eight months ago to conduct interdisciplinary research on economic and technical matters related to the country's long-term, sustainable development and evaluate their possible implications in a global context. The project is called Iran 2040 because of its forward-looking nature and focus on long-term analysis. - 1/2/17

Iran's car output rises over 39%

- The number of automobiles manufactured in Iran during the first nine months of the current Iranian calendar year (ending December 20) registered a 39.1 percent increase compared to the same period last year, Tasnim news agency reported. - 1/1/17

Asalouyeh featuring Iran's petrochemical progress

- Iranian port of Asalouyeh demonstrated some of its new changes to a group of reporters and journalists who visited the area during a two-day media tour organized by the National Petrochemical Company (NPC). - 1/1/17

ATR to deliver 5 aircraft to Iran within months

- Deputy roads minister said an airplane purchase contract will be inked with ATR aircraft manufacturer in a few days and Iran will receive five passenger planes in three months. The official underlined that the deal with ATR would be worth 400 million dollars and covers purchasing of twenty ATR 72 aircraft which has 70-passenger configuration. - 1/1/17

PHOTOS: Father of Turquoise Mine

- Seyyed Hassan Afkhami is a lovely old man who has been working in Neishabour Turquoise Mine since he was 12 years old. Majority of local people here have been engaged in extracting the precious stone from the world's largest turquoise mine located near Neishabour in Khorasan Razavi province (map) that has a long history dating back to 3,000 b.c. - 12/30/16

South Korea's Daewoo wins deal to build shipyard for Iran

- South Korea's Daewoo Shipbuilding and Marine Engineering Company (DSME) - the world's second biggest shipbuilding companies - has announced a major deal to develop an construction yard in Iran. The joint venture company will engineer and build the types of ships needed by Iran, the DSME said. - 12/30/16

Why Iran's 'green gold' is set to rebound

- While Iran may be known for its massive oil and natural gas reserves to many people around the world, it is also known to some for its top-quality pistachios. Production of the nut in Iran dates to the fifth century B.C. -Maysam Bizaer, Al Monitor - 12/30/16

Sweden's Prime Minister to lead trade delegation to Iran

- Swedish Prime Minister Stefan Lofven, leading a trade delegation, is due to visit Tehran in February 2017, Sweden's ambassador in Iran, Helena Sangeland, said on Tuesday. In a meeting in Tehran with the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Gholam-Hossein Shafeie, the Swedish envoy expressed her country's willingness to expand mutual cooperation with Iran, saying, "Sweden puts great importance on ties between the two countries." - 12/29/16

South Korea's Daelim wins major Iran refinery deal

- South Korea's construction giant Daelim Industrial Company says it has won a major deal from Iran to expand a central oil refinery. Daelim announced in a statement as quoted by the media in Seoul that the project involves improving and optimizing facilities at Isfahan Oil Refinery. It added that the value of the deal is $1.9 billion. - 12/29/16

Iran 'main bidder' for stake in Russia's Makhachkala port

- Iran has emerged as the main bidder for a stake in the Caspian port of Makhachkala, aiming to expand shipping and trade links with Russia and other countries, a report says. The port in the Russian republic of Dagestan has been put out for bidding by international investors, with China, Iran, Turkey, Azerbaijan and Vietnam vying for a share. - 12/28/16

Asia imports of Iranian oil more than doubled

- India and South Korea have raised oil imports from Iran more than four times in a month which saw four major Asian buyers more than double their purchases from a year ago. China, India, South Korea and Japan imported 1.94 million barrels per day (bpd) last month, up 117 percent on a year earlier, government and ship-tracking data cited by Reuters showed. - 12/28/16

Iranian Currency's Sharp Fall Sparks Concerns, Criticism

- Iran's currency fell to an unofficial record low against the U.S. dollar on December 26, extending a dramatic drop in the rial's value in recent months that has prompted concerns about the country's economy. The street value of the rial reportedly hit 41,500 to the dollar on December 26, compared to 35,570 in September and beating the previous low of around 40,000 recorded in 2012. - 12/27/16

High dollar rates spark criticisms in Iran

- The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions. - 12/27/16

Iran's exports rise outpacing imports

- The latest official figures show that Iran's exports of non-oil commodities over a period of nine months starting 21 March 2016 increased by around 10 percent - another indication which shows that the country's trade is improving after the removal of multiple years of sanctions. - 12/27/16

Do Project Cancellations Indicate Declining US Interest in South Caucasus?

- US President-elect Donald Trump has canceled his real estate projects in Georgia and Azerbaijan. The moves suggest that the US role in the South Caucasus may decline during Trump's administration. -Michael Hikari Cecire, LobeLog - 12/27/16

Iran resumes carpet exports to U.S. in post-sanctions era

- Head of the Iranian National Carpet Center has announced the resumption of Iran's hand-woven carpet export to the US during post-sanctions era. Hamid Karegar, speaking in a meeting with Qazvin Governor General Fereidoun Hemmati on Sunday, said that Iran resumed carpet exports to the US in the wake of the Joint Comprehensive Plan of Action (JCPOA). - 12/26/16

Iran Says It Will Pay Half Price For Boeing Planes

- Iran has said it will only pay half of the price announced for 80 new planes from U.S. firm Boeing. Iran's official IRNA news agency quoted Deputy Transport Minister Asghar Fakhrieh Kashan as saying the country will only pay half of the $16.6 billion deal because of reduced purchasing options. - 12/26/16

Iran's currency hits record low as Trump worries deter fund inflows

- Iran's rial hit a record low against the U.S. dollar on Monday in a sign of concern about the country's ability to attract foreign money after U.S. president-elect Donald Trump takes office. -Reuters - 12/26/16

Iranian banks authorized to sell dollars at free rates

- The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate - a move which is expected to help control the rising rates of the dollar. Persian-language newspaper Jomhouri-ye Eslami criticized CBI's move and said it would only deteriorate the situation of the Rial against the dollar in Iran's foreign currency market. - 12/25/16

US allows more Iran exports, training Iranians

- The US Treasury Department has loosened exports of authorized medical devices as well as agricultural goods to Iran as well as the training of Iranian health professionals by Americans. The US Treasury Department says it has amended transactions restrictions on Iran to allow the exports of authorized medical devices and agricultural commodities to the country. - 12/23/16

Iran Air Finalizes Purchase Of 100 Airbus Planes Worth $18 Billion

- Airbus and Iran Air have finalized a deal for 100 planes worth $18 billion in a boost for an Iranian economy hobbled by years of sanctions. Airbus said on December 22 that deliveries will begin early next year. The contract includes single-aisle A320 and A330 jets and wide-body A350 XWB planes. - 12/23/16

Iran seeks closer ties with Eurasian states: President Rouhani

- Iranian President Hassan Rouhani has underlined Tehran's determination to establish closer relations with the Eurasian Economic Union (EAEU). Rouhani made the remarks at a Friday joint press conference with his Kyrgyz counterpart Almazbek Atambayev in Kyrgyzstan's capital city of Bishkek. - 12/23/16

Iran inks deals as President Rouhani visits Kazakhstan

- Iran and Kazakhstan have signed five agreements for cooperation on the second leg of Iranian President Hassan Rouhani's tour of the Central Asia. Rouhani and his Kazakh counterpart Nursultan Nazarbayev oversaw the signing of the accords in the capital Astana on Thursday, aimed at expanding economic relations. - 12/22/16

Iran sends first condensate cargo to Europe

- Iran says it has sent its first cargo of gas condensate to Europe in a sign that shows the country is already expanding the market for its ultra light oil. Managing Director of South Pars Gas Complex Masoud Hassani was quoted by the domestic media as saying that the cargo comprises one million barrels of condensate which can be used to make both fuel and plastic. - 12/22/16

Iran Floating Oil Storage Builds Up: Report

- Iran currently has 28.95 million barrels of oil and condensate in floating storage, a rise of 2.1 percent over the past week, the Fars news agency says. Citing shipping data and sources which track tanker movements, the news agency said on Wednesday that 38 tankers with stored oil were parked in sea lanes close to terminals in four Iranian ports. - 12/21/16

OFAC 101: Iran Sanctions (U.S. Department of the Treasury)

- OFAC provides readily available copies of statutes, executive orders, rules, and regulations relating to Iran on its website. Both due to - and also despite - this abundance of language, there is often confusion surrounding what is and is not permitted in U.S.-Iran business operations under the new agreement. Hence, this article seeks to clarify some of these guidelines. Imagine this as "OFAC 101." -Kriyana Reddy, AIC - 12/21/16

IMF expects 6.6% economic growth for Iran

- The International Monetary Fund (IMF) says it expects Iran's economic growth to reach as high as 6.6 percent for the Persian calendar year that started in March 2016. The IMF announced in a statement that higher oil production and exports would be particularly instrumental in boosting Iran's economic growth that was in recession last year. - 12/20/16

Iran Expects First Airbus Jet In Mid-January

- Iran expects to receive its first jet next month under a multibillion-dollar deal with Airbus for 100 planes, a senior Iranian official said. Deputy Iranian Roads and Urban Development Minister Asghar Fakhrieh Kashan told Reuters in an interview that the negotiations with Airbus have been finalized and that the deal is expected the be signed on December 20 or 21. - 12/20/16

Renault's 11-month sales to Iran up 146% year over year

- French carmaker Renault's sales of automobiles to Iran increased by 146 percent from January to November 2016 compared to the same period in 2015, according to the French company's recent sales report, Tasnim news agency reported on Sunday. - 12/19/16

Iran finalizes deal with Airbus to buy 100 planes

- The Iranian flag carrier, Iran Air, says it has finalized a much-awaited contract with the European aviation giant Airbus to purchase 100 aircraft. Iran Air will receive seven or eight planes from Airbus in 2017, Farhad Parvaresh, the managing director of the airline told reporters on Sunday. - 12/18/16

Iran Claims U.S. Violated Nuclear Deal, Requests EU Review

- Reports from Tehran say Iran has requested a meeting of a commission that oversees the implementation of its 2015 nuclear deal with world powers in response to Tehran's claims that the United States has violated the agreement. - 12/18/16

Is Tillerson a Timely Choice?

- The announcement of Rex Tillerson as Trump's pick for secretary of state has led many to ask whether an oil executive is capable of advancing America's foreign policy interests. Although the Trump transition team didn't likely foresee the full potential of the appointment, Tillerson may offer a timely change of profile for the role of secretary of state-if we prioritize a long overlooked challenge facing American diplomacy. -Esfandyar Batmanghelidj - 12/18/16

TEDxTehran 2016: "Good Morning Tehran"

- Our lives in Tehran and worldwide is in constant motion. Time is always in transition. This was a reflection of TEDxTehran theme the past three years. We began with our city, Tehran En Route, heading towards an inflection point, The Verge of a Breakthrough that gave way to A New Paradigm. So what comes right after this journey to a New Paradigm? - 12/16/16

Iran's Aseman Airlines to get Airbus planes

- Iran's Aseman Airlines says it is working on a plan to renovate its fleet by procuring a series of planes from the world's largest aerospace corporation Boeing, European aviation giant Airbus and even Russia's Sukhoi aircraft builder. - 12/16/16

U.S. Charges Man With $1 Billion Conspiracy To Evade Iran Sanctions

- The U.S. Justice Department said on December 15 that it has charged a U.S. citizen with money laundering and evading sanctions on Iran. The department charged that Kenneth Zong along with four unindicted co-conspirators -- another American and three Iranians -- engaged in fraudulent transactions intended to unlawfully withdraw Iranian-owned funds worth approximately $1 billion from South Korean banks. - 12/16/16

Law Allowing U.S. Sanctions Against Iran Extended Without Obama Signature

- In a surprise move, U.S. President Barack Obama declined to sign a 10-year extension of legislation governing sanctions against Iran but allowed it to become law anyway. Obama faced a deadline of midnight on December 14 to sign the bill extending the Iran Sanctions Act, which allows the United States to impose sanctions on companies for doing business with Iran. - 12/15/16

Revolutionary Guard faces new foe in Iran's opening economy

- Iran's Revolutionary Guard faces a new enemy: the gradual opening of the country's economy after the nuclear deal with world powers. Though better known for its hard-line fervor as an elite force created to defend Iran's cleric-led system, the Guard holds vast business interests both public and hidden across the Islamic Republic. -AP - 12/15/16

President Rouhani: Iran-Indonesia ties will benefit Islamic world

- President Hassan Rouhani said on Wednesday that that strong relationship between Iran and Indonesia ties is beneficial to both countries and the larger Islamic world. In a joint press conference with Indonesian President Joko Widodo in Tehran, Rouhani said Iran attaches great importance to relations with Indonesia as an important Islamic state in East Asia. - 12/14/16

Tehran, Moscow open new page in energy, industry ties

- Iran and Russia signed 11 memoranda of understanding (MOUs) on energy and industry cooperation in Tehran on Tuesday. Ten of the MOUs were penned during the 13th session of the Russian-Iranian Intergovernmental Commission on Trade and Economic Cooperation co-chaired by Iranian Communications and Information Technology Minister Mahmoud Vaezi and Russian Energy Minister Alexander Novak, Mehr news agency reported. - 12/14/16

Iran and the US elections: Observations from a trip to Iran

- Iran has entered uncharted territory following the landmark nuclear deal between Tehran and six world powers. I recently came back from a six-week trip to Iran where I had the opportunity to observe first-hand the changes, developments, and uncertainty in the country. The widespread optimism that initially surrounded the deal, and the expectations that it would bring an economic windfall, have been significantly diminished since... -Payam Mohseni, Bulletin of the Atomic Scientists - 12/14/16

Iran Sanctions Cost U.S. Economy up to $272 Billion: Report

- U.S. sanctions on Iran have carried a significant cost to the U.S. economy, a new report published by the National Iranian American Council today finds. Losing More Billions - The Cost of Iran Sanctions to the U.S. Economy reveals that between 1995 and 2014, the U.S. sacrificed at least $203 billion and as much as $272 billion in potential export revenue to Iran. - 12/13/16

Iran Signs Oil Deal With Gazprom Neft

- Iran has signed a preliminary agreement with state-controlled Russian energy giant Gazprom Neft to develop two oil fields. The National Iranian Oil Company and Gazprom signed the memorandum of understanding at a December 13 ceremony in Tehran attended by Russian Energy Minister Aleksandr Novak. - 12/13/16

Iran celebrates wheat production self-sufficiency

- Iran has marked what is celebrated at home as a landmark achievement to attain self-sufficiency in production of wheat. Iran's President Hassan Rouhani on Monday participated in a ceremony to celebrate the success of domestic producers to hit a record wheat production level of 11.5 million tons in a year. - 12/13/16

Iran Air, Boeing sign $16.6b deal for 80 planes

- Iran Air signed a $16.6 billion deal to buy 80 passenger planes from U.S. aircraft maker Boeing, IRNA quoted Farhad Parvaresh, the managing director of the Iranian flag carrier as saying on Sunday. The deal, penned in the presence of Iran's Transport Minister Abbas Akhoundi, includes purchase of 50 narrow-bodied 737 planes and 30 long-range 777s, according to Parvaresh. - 12/11/16

Iran's President Rohani Says OPEC Cooperation Key To Boosting Oil Prices

- Iranian President Hassan Rohani says cooperation among the Organization of the Petroleum Exporting Countries (OPEC) is key to implementing a deal reached last week to cut production in a bid to boost slumping global prices, Iranian state TV reported. - 12/9/16

Hyundai inks major Iran ship building deals

- Iran says it has signed contracts with South Korea's shipyard Hyundai Heavy Industries Company to build at least eight Ultra Large Container Vessels (ULCVs) as well as medium-range tankers for carrying petroleum products. - 12/9/16

Shell Signs Deal To Explore Oil Development In Iran

- Iran and Shell signed a deal on December 7 to explore the development of three of Iran's biggest oil and gas fields, undeterred by U.S. President-elect Donald Trump's vow to undo last year's nuclear deal that enabled Western companies to resume business with Iran. - 12/8/16



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