Iran’s FM Zarif in response to Donald Trump’s winning the US presidential election early this morning said the new president has a duty to stay committed to US obligations under the nuclear deal. “We do not interfere in the internal affairs of other countries,” Iranian Foreign Minister Mohammad Javad Zarif who is on a tour…
Iran signed a deal with France‘s Total on Tuesday to develop a major offshore gas field — its first big contract with a Western energy firm since sanctions were lifted in January. [Photo Report] Total will lead a consortium, which will also include China National Petroleum Corporation (CNPC) and Iran’s Petropars, to develop Phase 11…
Iran Customs Administration (IRICA) has announced that the country’s volume of non-oil exports to China has experienced a 52 per cent upswing since 2013. On the basis of a report published by Iran Customs Administration (IRICA), the volume of Iran’s non-oil exports to China from 2009 to 2013 stood at 18.767 billion dollars while the…
Iran and an international consortium led by the French energy giant Total SA has signed the agreement in principle to develop phase 11 of the giant South Pars gas field. The 4.8 billion-dollar deal signed under the Islamic Republic’s new oil-contract framework is the first major agreement reached between Tehran and foreign energy companies following…
Iran says it expects to finalize the much-awaited plane purchase deals with global aviation giants Boeing and Airbus in the near future. Iran’s Minister of Roads and Urban Development Abbas Akhoundi told the domestic media that the representatives of the two companies are making frequent visits to Tehran to put the last touches on the…
Managing Director of Iran’s Ports and Maritime Organization Mohammad Saeednejad said foreign firms are expected to make nearly $1 billion of investment in the country’s port and shipping industry. Since the removal of Iran sanctions, various foreign delegations have travelled to Iran and expressed willingness to invest in the country’s port and maritime projects, Saeednejad…
Deputy Head of the Commercial Development Section of the Italian Embassy in Tehran, Tony Giardini, said that Italians are ready to invest in Iran’s petrochemical industry. He said since the implementation of the Iran nuclear deal in January, tens of Italian economic activists have visited Iran to explore investment opportunities in the country, IRNA reported….
South Korea’s imports of oil from Iran more than doubled in the first nine months of this year from a year earlier following the removal of international sanctions on the country in January, industry data showed on Sunday. According to the data, imports of Iranian crude oil and condensates reached 78 million barrels during January-September…
An NPC official said Iran’s petrochemical exports to Europe experienced a twofold increase in the first seven months of the current Iranian year as compared with the same period last year. Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh expressed satisfaction towards production volume of Iranian petrochemicals in the first seven…
Deputy oil minister, while pointing to record high exports of 25 million liters of gas oil per day, said Europe has also begun importing the Iranian petroleum product. On the latest status of oil products exports, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said “for the first time in…
