Tehran will host a 590-member economic delegation from Russia which is to fly to Iran on Sunday. The visit will be a major step towards implementing the decisions taken by the presidents of the two countries to expand bilateral ties, IRNA reported. The delegation is headed by Russia‘s Minister of Energy Alexander Novak. The 13th…
France’s imports from Iran in the first nine months of 2016 show a staggering 34-fold rise compared to the corresponding period last year, thanks to resumption of oil imports after coming into force of the Iran’s nuclear deal with world powers, known as the Joint Comprehensive Plan of Action (JCPOA). Iran-France trade has tripled since…
According to a contract signed with Islamic Republic of Iran Shipping Line (IRISL), South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will build mega-container vessels as well as tankers for carrying petroleum products for Iran, IRNA reported on Friday. The contracts were the first of their kinds that Iran has signed after the removal of…
Deputy oil minister said Iran and China will jointly launch a three-billion-dollar oil project today to develop and optimize Abadan Refinery. Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi, while expounding on the first major agreement between Iran and China in the post-JCPOA era, said “following months of negotiations between…
National Iranian Oil Company (NIOC) will sign into three accords with France’s Total and Royal Dutch Shell over development of three oil and gas fields of Iran. Following the signing of an Agreement in Principle (AiP) with France’s Total S.A. company on development of South Pars Phase 11, the French firm will seal two more…
A new round of cooperation has kicked off between Iran and Germany’s Lurgi GmbH in the Iranian petrochemical industries. Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh expounded on new collaborations with the German company of Lurgi GmbH saying “aiming to complete its value chain, Iran’s NPC has developed careful plans…
Iran’s transit potentials have been limited due to sanctions. However, in the post-sanctions era, Iran has made attempts to tap its potentials in the transit sector. Located in western Asia, Iran links West and East Asia together. Covering an area of some 1.6 million square kilometers, Iran is the world’s 18th-biggest country. Its northern neighbors…
Iran-New Zealand trade meeting held in Tehran attended by visiting New Zealand Minister of Trade Todd McClay and the Deputy President of Iran’s Chamber of Commerce Pedram Soltani on Dec 3, 2016. Iran-New Zealand to boost two-way trade, Trade Minister Todd McClay led New Zealand’s first trade mission to Tehran in 12 years , in…
Lukoil is interested in participating in the projects in Iran if it gets the right to manage a part of oil, but would not agree to exclusively service, said Lukoil’s Vice President Leonid Fedun in an interview with TASS on Saturday. “I am aware, they have drafts of a new oil contract, which is a…
Hyundai Heavy Industries Co., a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships. Under the expected contract, valued at $650 million, with the Islamic Republic of Iran Shipping Lines (IRISL), Hyundai will build four 14,400 TEU container ships and six 50,000 DWT product tankers, TradeWins, a…
