Iran to Drill 500 new Oil Wells in 5 Years

Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official said on Saturday. Iran’s daily output in January was close to 3.9 million barrels. “We were due to […]


Iran to Sue Total if Gas Field Data was Leaked

Iran’s Oil Minister Bijan Namdar Zanganeh said the country will definitely sue Total if the French energy giant is proved to have leaked secret information about Iran’s South Pars gas field to Qatar. Speaking at a television talk show on Tuesday night, Zanganeh said Iran has given information to Total about only two out of […]


Tehran Stock Exchange Overview

TSE Future Outlook Increasing the number of listed companies, improving market liquidity Enhancing TSE brand and promoting the transparency as the company’s image Further development of technology infrastructures to enhance market surveillance Developing financial knowledge and improving investment and shareholding culture in Iran by  educational programs and use of mass media to reduce investment risks […]


Japan Donates $6.9m to Iranian Projects

The Government of Japan has allocated $6.9 million to five projects in Iran. The assistance, aimed at building a “tolerant and stable society” in the region, will go to the following projects over the next five years: United Nations Development Programme (UNDP): $1 million towards the restoration of Lake Urmia “via local community participation in […]


The Structure of Tehran Stock Exchange

Legal Structure The new Securities Act which is more comprehensive and advanced than the previous one was passed on November 16, 2005 by the Iranian parliament to support investors’ rights and aimed at organizing, preserving and developing a transparent, fair and effective market. Under the new Act, the Securities & Exchange High Council (Council) and […]