Purchasing €2.9 billion of goods from Iran, Italy was the biggest importer of Iranian products in 2018, Tasnim news agency reported on Saturday, citing the data released by European Union’s statistics agency Eurostat. The country’s imports from Iran in 2018 was 31 percent of the total of European countries’ imports from Iran. However, the figure…
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 is participating in the 51st Berlin International Tourism Fair (ITB) which began on March 8. The inaugural ceremony of the fair in the German capital was attended by the Head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization Zahra Ahmadipour. Iran has set up 24 pavilions and tourism offices in the expo to introduce…
Deputy Iranian oil minister said a daily average of 2.83 million barrels of crude oil and gas condensate were exported in the previous Iranian calendar month (ended December 20, 2016). On the latest status of crude and gas condensate exports, Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said the average figure for…
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…
Germany‘s Medio Energy Invest and Iran signed a memorandum of understanding worth approximately $104 million for the construction of two power plants — wind and solar — in the south of Iran. According to Mehr News Agency, Mahmoud Dashtbozorg, director general of Khuzestan Regional Electricity Company elaborated on the agreement with Medio Energy and said,…
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…
Germany has reportedly agreed to provide Iran with a €1.2 billion ($1.27 billion) credit line to help finance a key rail project in what is seen as the biggest foreign financing the country has been able to secure after the removal of sanctions. Bloomberg has quoted an unnamed official from the Central Bank of Iran…
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Germany’s Berliner Handels- und Frankfurter Bank (BHF-Bank) have called for resumption of long-term bilateral cooperation. The Governor of BHF-Bank Hans- Günter Wiesenack said several opportunities exist for collaborations and the German bank seeks to strengthen monetary ties with Iran. He recalled barriers to deepening…
An official has reported on an agreement with Germany‘s Hermes Insurance Company to provide insurance coverage for investment projects in Iranian petrochemical industries. Speaking at a press conference, Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad described the most major plans for attraction of investment to the country’s petrochemical industry saying “a contract…
