by Sam Razi | Apr 19, 2009 | Business
For the first time since the 1979 Islamic Revolution, Iran is set to allow foreign banks to establish branches in the country and engage in normal banking operations. Article 44 of the Iranian Constitution Law had heretofore placed banking activities exclusively in...
by Sam Razi | Apr 14, 2009 | Business
Iran has discovered a new offshore oil field in the Persian Gulf with reserves of 1 billion barrels of heavy crude, says a top oil official. Click here to read the full article in Press...
by Sam Razi | Apr 13, 2009 | Business
TEHRAN (Reuters) – Iran’s OPEC governor said if oil demand continued to drop the group may decide to further cut its oil output, the Iranian newspaper Hamshahri on Monday quoted him as saying. “If the demand continues to decrease until the next OPEC...
by Sam Razi | Apr 11, 2009 | Business
By Tarek Halim April 10 (Bloomberg) — Morocco will continue to import oil from Iran, which supplied more than a fourth of its crude in 2008, even after cutting diplomatic ties with the Islamic republic, the head of the country’s sole oil refiner said. “We...
by Sam Razi | Apr 10, 2009 | Business, General
ran, the world’s fourth largest oil producer, unveils an economic plan to privatize its oil refineries in line with its privatization scheme. The Oil Ministry and the Iran Privatization Organization (IPO) are in talks to reach an agreement on transferring the...
