Iran will host 306 tour leaders from 45 countries at the 17th ‘WFTGA Convention: Iran’ which is scheduled for February. According to Arash Nouraqaei, who heads the Iranian Guild of Tour Leaders, the event will be the biggest of its kind in 2017. He added that the gathering provides the best opportunity for Iran to…
Japan‘s Inpex Corp. has initiated intense negotiations with National Iranian Oil Company (NIOC) to develop Azadegan oilfield in southwestern Iran and is a strong candidate for the contract, said a high-ranking Iranian official. Managing Director of Iran‘s Petroleum Engineering and Development Company Noureddin Shahnazizadeh said that Inpex signed a memorandum of understanding on the project…
TPO deputy chief said volume of Iran’s non-oil exports rose from $4.2 billion in 2000 to $42.5 billion in 2016 indicating a one thousand per cent growth. Deputy Trade Promotion Organization Chief for Commercial Aids Mohammadreza Modudi made the remarks saying “in non-oil export field, the country enjoys a positive balance of trade growth.” “Although…
An NIOC official announced that new shale gas reserves have been discovered in west Iran exploration blocks. Over the past four years, the market for shale oil and shale gas has taken off across the globe to the extent that the US has begun shale production which is an unconventional oil produced from oil shale…
National Iranian Oil Company (NIOC) has affirmed adequacy of 29 international oil and gas companies willing to put in tenders for Iran’s upstream oil sector. NIOC intends to invite several rounds of tenders for a number of oil exploration & production (E&P) projects; accordingly, credible and qualified foreign E&P firms were asked to participate in…
The World Bank says Iran’s foreign debts rose slightly in 2015 but were still significantly lower than 2011 when the country faced a series of US-led sanctions. A report by the World Bank titled “International Debt Statistics 2017” showed that Iran’s debts for 2015 stood at $6.32 billion. The figure was slightly higher than 2014…
Despite the Iranian government’s policy to stop exporting raw materials, customs statistics show a sharp increase in iron ore exports in the nine months to December 20, 2016. According to a timetable published by Ministry of Industry, Mine and Trade, a five-percent export duty will be imposed on iron ore export once approved by the…
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) and the Industrial Development and Renovation Organization of Iran (IDRO) have signed an outline agreement to cooperate on developing Iran’s shipbuilding industry. Based on the deal with IDRO, Daewoo shipbuilding will construct a shipyard and related facilities in Iran, according to Yonhap News Agency….
Iran has increased its sales of crude oil as well as gas condensates to global energy giants Shell and BP. Director for International Affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari was quoted by Press TV as saying that Shell and BP had purchased two to three consignments of oil from Iran over…
Prime Minister of Sweden Stefan Löfven is scheduled to visit Tehran in February 2017 heading a high-ranking economic delegation. Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafei and Swedish Ambassador to Tehran Helena Sångeland met and discussed development of economic relations as well as removal of barriers to mutual cooperation…
