Foreign Firms Scramble to Fix Iran's Refineries Once Sanctions End
International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran's oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives. Officials from Iran's oil refining company NIORDC…
Foreign Firms Queue to Fix Iran's Refineries
Iran seeks to upgrade derelict refining, petchem sector; Oil services executives visit Iran on tour of sites. International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran's oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives.
Rouhani Urges End to Iran's Isolation
Iranian President Hassan Rouhani called for curbs on the state's involvement in business and an end to Tehran's international isolation on Sunday to help rescue an economy hurt by sanctions, corruption and mismanagement. His appeal in a speech to 1,500 economists appeared to be critical of…
Iranian President Calls For More Open, Better-Informed Nuclear Debate
President Hassan Rouhani said on Sunday he wanted Iran to do a better job of explaining its nuclear programme to prevent "evil-minded" people misleading world opinion, two days before Tehran resumes talks with world powers on its disputed atomic activity. Iran and the United States, France…
Gasoline Prices Up In Iran on Subsidies Cut
Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state subsidies were cut, a risky move that President Hassan Rouhani hopes will improve an economy battered by Western sanctions. The price hikes will test Rouhani's support among a population fed up with the high…
Iranians Face Fuel Price Surge as Subsidies Cut
Iranians have rushed to gas stations to fill their cars before a price surge expected at midnight on Thursday, as President Hassan Rouhani pushes ahead with a policy to cut fuel subsidies. The new prices of subsidised petrol, diesel and compressed natural gas (CNG) have not been announced…
Iran to Cut Gasoline Subsidy this Week
Iran will start cutting gasoline subsidies this week, an official said on Monday, a move that will test President Hassan Rouhani's public support as higher petrol prices add to inflation in a country already squeezed by economic sanctions. The amount of the subsidy cut - and the corresponding rise in fuel prices - has yet to be announced…
Iran Cuts Sensitive Nuclear Stockpile
Iran has acted to cut its most sensitive nuclear stockpile by nearly 75 percent in implementing a landmark pact with world powers, but a planned facility it will need to fulfil the six-month deal has been delayed, a U.N. report showed on Thursday. The monthly update by the International Atomic Energy Agency (IAEA)…
