Steel, power projects costing $115m inaugurated in central Iran


A coke (fuel) production plant and two power stations were inaugurated in Iran’s central province of Isfahan, costing $115 million.

ECO Bank finances €4m water project in Iran


The Economic Cooperation Organization Trade and Development Bank (ECO Bank) has allocated €4 million to a land irrigation project in western Iran, IRIB reported. Some 20,000 hectares area of lands in the region will be irrigated.

China just went through a 'lost decade': Entrepreneurs


After Japan's "lost decade" and worries that Europe could suffer one too, you might be surprised to hear that some Chinese entrepreneurs are suggesting that China has just come out of its own "lost decade". Especially surprising given that China has been the world's fastest growing economy since 2001, excluding countries with populations under 10 million.

Iran, China’s CNPC terminate contract in South Pars


Iran and China National Petroleum Corp. (CNPC) have come to terms for terminating a contract for developing the phase 11 of the South Pars gas field, located in the Persian Gulf, the Mehr News Agency reported.

ran’s daily electricity exports stand at 1.74GW


Iran exported 1.448 gigawatts (GW) of electricity to its neighboring countries on Friday, IRNA reported.

India eager to join Iran-Pakistan gas pipeline: Iran official


Iran Oil Ministry spokesman says New Delhi is in talks with Tehran to join the multi-billion-dollar pipeline which Iran is building to export natural gas to the neighboring Pakistan.

Shell to settle $2b oil debt to Iran soon


Oil major Royal Dutch Shell will pay its multi-billion-dollar debt to Iran in the near future, Iranian Oil Minister Rostam Qasemi announced on Saturday.

Glencore CEO: Russia a great investment opportunity


Russia is a prime investment location because of its massive natural resources and its location next to the China, Ivan Glasenberg, the CEO of commodity trader Glencore said on Thursday.