Iran has launched the first phase of a strategic southeastern port which it expects to open a multi-modal trade corridor connecting India to Central Asia. The first phase of Shahid Beheshti International Port in Chabahar, Sistan-Baluchestan Province, was inaugurated by President Hassan Rouhani during a ceremony also attended by officials and dignitaries from 17 countries….
Iran, the world’s biggest gas reserve holder (33.5 trillion cubic meters, 18 percent of the total) has increased its gas output significantly and is targeting an output of 1 bcm/d by March 20, 2018. Iran prefers to export liquefied natural gas (LNG) to distant markets including the EU, but no agreement has yet been reached…
Iran broke the 15-year spell of not obtaining any finance from European banks by signing major deals with Austrian and Danish banks to secure funding for its development projects. The contracts were signed in the Austrian capital of Vienna by an Iranian banking delegation which included representatives of 14 domestic banks headed by Mohammad Khazaei,…
National Iranian Oil Company (NIOC) announced that negotiations with Denmark‘s Maersk Group over the development of South Pars oil production project is underway. “Parallel talks have started with other multinationals to undertake the megaproject,” said Karim Zobeidi, the head of a special department at NIOC that oversees the performance of reservoirs, ISNA reported. Pointing to…
An NPC official said that Iran’s petrochemical industry experienced a six percent uplift in production over five months and a 12- percent rise in exports over four months since beginning of the current Iranian year (began March 21). Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh pointed to five-month statistics for…
German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says. “On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhriyeh-Kashan…
Uber has chosen Expedia boss Dara Khosrowshahi to be its chief executive, ending months of speculation in the firm’s search for a new leader. The decision was made by Uber’s board late on Sunday, a source told the BBC, but the company has made no official announcement. Mr Khosrowshahi would replace Travis Kalanick, who resigned…
Iran says a host of European giants are bidding for the development of its South Azadegan oil field – which was once considered as the world’s biggest oil find after it was discovered over 15 years ago. Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, told the domestic media…
Farhad Daneshvar: President Hassan Rouhani in an addressing to the parliament on August 20, said that drawing $100 billion in foreign investment to develop Iran’s oil industry is among the oil minister’s main tasks in his second term. “There is bad news and good news,” believes Chris Cook, a strategic market consultant, who also formerly…
The head of Iran National Carpet Center (INCC) said a total of 730 domestic companies are expected to take part in the 26th edition of the world’s largest handmade carpet expo which is scheduled to open in Tehran on August 23. Hamid Kargar added the Iranian capital will play host to the 26th Iran Handmade…
