Posts Tagged “JCPOA”

Iran oil exports hit new record in April 2018

Iran oil exports hit new record in April 2018

Iran’s crude oil exports hit 2,617 mbd in April 2018, a new record since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016. The record was gained amid US President Donald Trump’s threats to pull out of the deal that was struck between Tehran and the P5+1 group of countries to…

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Report: Iran’s petrochemicals export increases by 6.5%

Report: Iran’s petrochemicals export increases by 6.5%

Director General for export development department of Trade Promotion Organization Masoud Kamali Ardakani said on Saturday that petrochemicals and minerals export in year 1396 (2017-2018) increased 6.5 percent with amount of around 47 billion dollars. According to the Customs statistics, petrochemicals export with exclusion of gas condensates had 8 percent decrease with amount of around…

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Iran to receive 2 more ATR planes

Iran to receive 2 more ATR planes

Iran will receive 2 more ATR airplanes on Friday, bringing the number of ATR72 delivered to Iran by the western company to 8, a source in Iran Air told Mehr News Agency on Friday. Iran Air will take delivery of two ATR 72-600s at Tehran’s Mehrabad Airport on Friday. Two ATR72-600 aircrafts will be shipped…

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Iran signs deals with Danish, Austrian banks

Iran signs deals with Danish, Austrian banks

Iran broke the 15-year spell of not obtaining any finance from European banks by signing major deals with Austrian and Danish banks to secure funding for its development projects. The contracts were signed in the Austrian capital of Vienna by an Iranian banking delegation which included representatives of 14 domestic banks headed by Mohammad Khazaei,…

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Iran planning to $100b investment in oil industry

Iran planning to $100b investment in oil industry

Farhad Daneshvar: President Hassan Rouhani in an addressing to the parliament on August 20, said that drawing $100 billion in foreign investment to develop Iran’s oil industry is among the oil minister’s main tasks in his second term. “There is bad news and good news,” believes Chris Cook, a strategic market consultant, who also formerly…

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Iran’s oil exports to Europe reached 1m bpd

Iran’s oil exports to Europe reached 1m bpd

Iran’s crude oil and condensate exports to Europe has reached one million barrels per day. Iran sells crude oil to European companies within the framework of long-term deals and spot cargo, however the volume of spot cargo is higher, an informed source told Fars News Agency. Iran still encounters problems in receiving payments due to…

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Report: What Total’s $5b investment means for Iran

Report: What Total’s $5b investment means for Iran

By Karen Gilchrist: Iran signed a $5-billion deal with a consortium led by French oil company Total on Monday to develop the giant South Pars Gas Field — the world’s largest natural gas field. The deal is the Islamic Republic’s first with a European oil company in more than a decade, marking a major milestone…

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Iran signs $5b gas deal with Total+Photo-Video

Iran signs $5b gas deal with Total+Photo-Video

Iran signed a multibillion dollar deal on Monday with French oil giant Total and Chinese state oil company CNPC to further develop the country’s giant South Pars Gas Field in cooperation with Iran’s Petropars. The first major Western energy investment since sanctions against Tehran were lifted will cost up to $5 billion, with production expected…

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Iranian airlines to buy over 80 planes from Airbus & Boeing

Iranian airlines to buy over 80 planes from Airbus & Boeing

Iranian airlines will buy over 80 planes from European aviation giant Airbus and its US rival Boeing. Only a day after two Iranian airlines announced deals to purchase planes from Airbus, another Iranian carrier said it has sealed a third deal to buy advanced aircraft from US plane-maker Boeing, Press TV reported. The head of…

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Iran’s Aseman airline inks final deal with Boeing

Iran’s Aseman airline inks final deal with Boeing

The contract to buy 60 Boeing 737 Max planes within two 30-jet batches was finalized between Boeing and Iran Aseman Airlines on Saturday in Tehran. At the presence of Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei, the contract was inked between Iran’s third largest airline, Aseman Airlines and the American plane maker…

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