Iran is making rapid forays into the European crude oil market and selling its parcels to countries such as France, Italy, Greece and Spain, UK-based global shipping consultancy, VesselsValue said. “Following the removal of sanctions, new players have emerged in the mix,” VesselsValue said in a report. Iran’s crude oil shipments have been delivered to…
A top-ranking Slovakian commerce delegation will visit Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on March 07. Headed by Deputy Prime Minister for Investment of Slovakia Peter Pellegrini, the delegation of the central European country is slated to make a visit to TCCIMA on March 07. The session will be also attended by…
PMO head said the volume activities in Shahid Rajaee Port Complex has increased by 35 per cent in the past 11 months. Mohammad Saeidnejad, Managing Director of Iran’s Ports and Maritime Organization (PMO), said implementation of the Joint Comprehensive Plan of Action (JCPOA) paved the path for purchasing required port equipment as reasonable prices and…
A railroad linking the northern Iranian city of Astara to Azerbaijan Republic’s Astara will be operational in coming months, announced Minister of Communications and Information Technology Mahmoud Vaezi. The incumbent Iranian administration has sought to facilitate the activities of merchants from the two countries, Vaezi told the Iran-Azerbaijan Business Forum in the northwestern Iranian city…
IOTC managing director said storage duration in Iranian crude oil terminals has climbed to 15 days. Managing Director of Iran Oil Terminals Company (IOTC) Seyed Pirouz Mousavi said oil can now be stored for as long as 15 days without the need for exports. “Iran’s oil storage capacity has currently reached global standards with implementation…
The second naphtha cargo produced at Setareh Khalij Fars Refinery has been shipped to Japan. Following exports of the first naphtha cargo to the United Arab Emirates by OPEC Affairs Department of the Ministry of Petroleum, a second package, with a volume of 280 thousand barrels, has been deployed to Japan. The second shipped cargo…
Iran has zipped past the likes of Venezuela and Nigeria to become India’s third largest oil supplier as easing western sanctions enabled Indian companies to increase purchases from that country. Saudi Arabia and Iraq continue to be ahead of Iran, which was sixth biggest supplier of crude oil to India in 2015-16, PTI reported on…
“The Islamic Republic of Iran was one of the first countries to recognise Moldova’s independence, establishing friendly ties with the country,” said President Rouhani on Sunday in a meeting with the President of Moldova, Igor Dodon. At the meeting that was held in Tehran, Dr Rouhani also said: “All opportunities and potentials must be tapped…
Swedish Prime Minister Stefan Löfven arrived in Tehran on Friday night 10 February 2017 and was welcomed by Iranian Minister of Industries, Mines and Trade Mohammadreza Nematzadeh. President Rouhani officially welcomes Swedish PM President Rouhani officially welcomed Swedish Prime Minister Stefan Löfven at Sa’dabad Palace on Saturday 11 February 2017. There are ample opportunities to…
Iran expects to sign its biggest oil refining contracts worth $8.6 billion with a number of Japanese, Chinese and South Korean companies this month or later, an official said on Wednesday. The biggest deal is reserved for Japan’s Marubeni, Chiyoda and Mitsui companies to upgrade Isfahan refinery, Deputy Oil Minister Abbas Kazemi told reporters in…
