German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says. “On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhriyeh-Kashan…
Deputy Iranian oil minister said a daily average of 2.83 million barrels of crude oil and gas condensate were exported in the previous Iranian calendar month (ended December 20, 2016). On the latest status of crude and gas condensate exports, Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said the average figure for…
Germany has reportedly agreed to provide Iran with a €1.2 billion ($1.27 billion) credit line to help finance a key rail project in what is seen as the biggest foreign financing the country has been able to secure after the removal of sanctions. Bloomberg has quoted an unnamed official from the Central Bank of Iran…
Germany and Iran have signed a range of business deals in what is expected to take economic relations between the two countries to a new level. The German Economy Ministry announced in a statement that several Mittelstand firms, the small-to-medium-sized companies that form the backbone of the economy, had signed the deals with their Iranian…
