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…
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…
Iran signed a multibillion dollar deal on Monday with French oil giant Total and Chinese state oil company CNPC to further develop the country’s giant South Pars Gas Field in cooperation with Iran’s Petropars. The first major Western energy investment since sanctions against Tehran were lifted will cost up to $5 billion, with production expected…
Iran announced that several major European and Asian financiers have announced their readiness to fund the purchases of planes from global aviation giants Airbus and Boeing. Deputy Minister of Roads and Urban Development for International Affairs Asghar Fakhrieh Kashan was quoted by Press TV as saying that nine financial institutions from Norway, Denmark, Ireland, Britain,…
Iran expects to sign its biggest oil refining contracts worth $8.6 billion with a number of Japanese, Chinese and South Korean companies this month or later, an official said on Wednesday. The biggest deal is reserved for Japan’s Marubeni, Chiyoda and Mitsui companies to upgrade Isfahan refinery, Deputy Oil Minister Abbas Kazemi told reporters in…
Iran has learnt its opponents in Pool A of the 11th Asian Girls’ U-18 Volleyball Championship. The tournament will be held in Chongqing, China during March 5-13, Tasnim News Agency reported. It is the Asian qualification round for the 2017 FIVB Volleyball Girls’ U-18 World Championship in Argentina. A total of 12 teams have confirmed…
Iran ‘s NIOC deputy head, while disavowing claims on disqualification of Russian oil giants, said the Iranian company will soon publish a second list of authorized applicants for investment. Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri said “a list recently published by National Iranian Oil Company was relevant to applicants from…
Iran has managed to attract 7.2 billion dollars in finance from three foreign banks, the vice governor of the Central Bank of Iran (CBI) announced on Saturday. Gholamali Kamyab said attracting $10 billion of foreign finance has been defined as a project for the CBI in the area of Resistance Economy, Tasnim News Agency reported….
China‘s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between three million to four million barrels more Iranian oil each quarter in 2017…
A Chinese company is to invest $2 billion in Sarakhs Special Economic Zone (SPEZ), announced the zone’s managing director on Sunday. Ahmad Sadeqi Golmakani told IRNA that a Chinese state-owned company has inked a memorandum of understanding (MoU) worth $2 billion with the Iranian side to invest in SPEZ. He said the MoU is considered…
