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…
Iran is the leading county in producing biotechnology drugs across the region, secretary of biotech development headquarters said Monday. Mostafa Ghanei, secretary of Iran’s biotech development headquarters, said Monday that the number of biotech medicines in the world market is currently 146, of which 20 drugs are available in the Iranian market. He went on…
An oil official said once production volume at South Azadegan reaches 160 thousand barrels per day (bpd), West Karun joint fields will bring a revenue of 2.5 million dollars. Majid Najarian, deputy project director for development of South Azadegan oilfield, said 565 million dollars were invested over three years to increase output of North Azadegan…
Iran announced that several major European and Asian financiers have announced their readiness to fund the purchases of planes from global aviation giants Airbus and Boeing. Deputy Minister of Roads and Urban Development for International Affairs Asghar Fakhrieh Kashan was quoted by Press TV as saying that nine financial institutions from Norway, Denmark, Ireland, Britain,…
KEPCO managing director said Norwegian companies had voiced readiness to take part in drilling and exploration of oil fields in the Caspian Sea. Addressing a press conference on Tuesday on the sidelines of Iran Oil Show (2017), Managing Director of Khazar Exploration and Production Company (KEPCO) Mohsen Delaviz said his company was in talks with…
Executive Director of Iranian Offshore Oil Company Hamid Bovard announced that the oil extraction from the joint Iran-Saudi Arabia oilfield will be increased by at least 12,000 barrels per day. “The Iranian Offshore Oil company, other than its role to produce crude oil, establishes the presence of the Islamic Republic of Iran in the Persian…
The European Union’s energy commissioner headed to Iran to strengthen ties following a growth in trade ties in response to the easing of sanctions. EU Commissioner for Climate Action and Energy Miguel Arias Cañete left Friday for Tehran for the inaugural bilateral business forum on sustainable energy, UPI reported. The commission said the forum aims…
NPC Head Marzieh Shah-Daei said Memoranda of Understanding (MoUs) have been signed with four international companies following implementation of the Joint Comprehensive Plan of Action (JCPOA). Director of National Petrochemical Company (NPC) made the remarks on the sidelines of the 13th International Iran Petrochemical Forum (IPF 2017) on Saturday morning in Tehran. “The Iranian petchem…
Iran and Portugal have signed a document on abolition of visas for those holding political or service passports in a meeting in Tehran on Saturday. The document was signed at the end of a meeting between Iran’s Deputy Foreign Minister for Consular, Parliamentary and Iranian Affairs Hassan Ghashghavi and Portugal’s Secretary of State for Internationalization,…
Oil Minister Zanganeh said negotiations with the Danish business conglomerate, Maersk Group, were being pursued over development of South Pars Oil Layer (SPOL). Bijan Zangaeh, while pointing to continuation of talks with Maersk Group, voiced optimism that final agreements will be reached in near future. “What’s more, Pars Oil and Gas Company Ltd. has been…
