Armenia has moved one step closer to an ambitious plan to buy natural gas from Iran and sell it to Georgia. In a statement, Armenia’s Ministry of Energy, Infrastructure and Natural Resources said a memorandum of understanding (MoU) was signed recently to increase gas imports from Iran. The statement said that the MoU was signed…
Iran is set to increase its total petrochemical capacity from 59 million tons to 180 million tons within the next 10 years, said an executive from US consultancy firm Frost and Sullivan on Thursday on the sidelines of the Fourth CMRI Petrochemical Conference in Seoul. The increased petrochemical volumes will include a wide variety of…
Iran says it has exported above $300 million worth of medicinal herbs since January. Peyman Yousefi Azar, the director of Medicinal Herbs Department of Iran’s Ministry of Agriculture Jihad, told the domestic media that saffron comprised almost two thirds of the exports. The Damask rose comprised a third of the exports, Yousefi Azar said adding…
The Italian power engineering company, Ansaldo Energia, has offered utilizing its technology to reduce environmental impacts of energy projects in Iran, SHANA news agency reported on Wednesday. In a meeting between Iran Power and Water Equipment and Service Export Company (Sunir) CEO Mohammad Kafshkanan and Ansaldo Energia CEO Giuseppe Zampini, the two sides discussed the…
The historic Kandovan village located in northwest Iran is filled with scenic troglodyte homes in the shape of stony ice-cream cones which are still inhabited. The village, situated near the city of Osku in East Azarbaijan Province, epitomizes genuine manmade dwellings that have been carved out of substantially eroded rocks. As to its shape and…
eputy minister of industry, mine and trade announced that 60 deals have been signed between Iran and the foreign countries after the Joint Comprehensive Plan of Action (JCPOA) in July, 2015. Half of those 60 deals on the fields of industry, mine and trade have been finalized, Ali Yazdani told IRNA Tuesday after a local…
A top official with National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that Iran’s oil exports to Europe has risen to 700,000 b/d. Iranian oil exports to European countries had nearly stopped during sanctions. After the implementation of the Joint Comprehensive Plan of Action (JCPOA) in January, the European countries resumed oil imports…
Germany’s flagship carrier Lufthansa announced that the number of its weekly flights to Iran has almost quadrupled. Lufthansa’s flights to Iran have increased from seven to 27 every week in the post-sanctions era “Lufthansa’s flights to Iran have increased from seven to 27 every week in the post-sanctions era,” Executive Vice President of Sales for…
Britain says it is witnessing signs of growing trade with Iran, emphasizing that it has serious plans to boost economic relations with the Islamic Republic to a new level. International Trade Secretary Liam Fox was quoted by the media as telling an Iran-UK trade forum in London that relations between the two countries had specifically…
Gas extraction capacity from South Pars Gas Field will increase by five billion cubic feet per day once 10 platforms of the field become operational, announced the managing director of South Pars Oil and Gas Company (POGC). Mohammad Meshkinfam further said that such an output will bring in $25 million for the country, Shana reported….
