even major Iranian steel production units exported as much as $850.428 million worth steel products in the first half of the current Iranian year (started on March 20). The export made 24 percent growth in value in the first half of this year compared to the figure in the preceding period. Iranian Mines & Mining…
Time has been ticking for South Pars 19th phase since the construction phase and now it would contribute to national gas production a hefty amount of 14 million cubic meters daily. Pars Oil and Gas Co. public relations office informed Mehr News on Tuesday that only days had to be elapsed so that the 19th…
Iran and Germany have maintained close commercial ties for decades. However, with the imposition of anti-Iran sanctions, China and several other countries to overtook Germany in the Iranian market. The lifting of sanctions in January 2016 which followed last year’s nuclear deal between Tehran and the major world powers provided a much-needed fillip for the…
The head of Germany-Iran Chamber reported the signing of an automanufacturing contract between Germany and Iran to develop export hub in the region. Omid Yaraghi touched upon coming of large German companies to Iran, saying a number of major German companies have begun talks with Iran. “The initial studies were done and so far large…
Iran Oil minister has said contractor companies would only receive agreed amounts if they increase the recovery rate in Iranian oil fields. Bijan Namdar Zanganeh told the press on Tuesday morning that at least $100bn in investment were required to revive the industry to fresh conditions where Iran’s excavation companies would provide services to other…
A total of ten documents and agreements for joint cooperation were signed between Iran and Germany on Monday in Tehran. The deals were sealed during the fifth Iran-Germany Joint Commission on Economic Cooperation on October 03 in the presence of German Vice Chancellor and Economy Minister Sigmar Gabriel and Iranian Minister of Economic Affairs Ali…
A handful of mostly European hotel groups are looking to steal a march on their US competitors by moving into the Iranian hospitality market while US companies still face regulatory uncertainty. Most international sanctions related to Iran’s nuclear program were lifted at the start of this year. That sparked widespread interest among international companies in…
Iran says it will offer a tax break of 13 years to hoteliers in what appears to be part of a policy devised to promote the country’s tourism industry. “All economic activities related to… tourism will enjoy 100 percent tax holidays between five to 13 years depending on the region,” AFP quoted Iran’s Deputy Economy…
Iran says Germany is preparing to implement an action plan to invest €3 billion in different industries of the Islamic Republic. Ali Majedi, Iran’s ambassador to Germany, said the investments will be made through a consortium comprising six German banks. Majedi emphasized that the related agreements for this will be signed during the visit to…
An official at NIOC said Iran has begun crude sales to British companies as the first one-million-barrel shipment was delivered to British Petroleum. Seyyed Mohsen Ghamsari touched upon resumption of oil exports to British firms in the post-JCPOA era saying “so far, two crude oil and gas condensate cargos have been sold to two companies…
