Iran’s petrochemical industry was privatized more than a decade ago. Today, the government is only paving the ground for the development of petrochemical sector. During years of international sanctions on Iran, the government was of great help to the private sector in its transactions. The signature of a historic nuclear deal between Iran and six…
Luxembourg’s Deputy Prime Minister Etienne Schneider, who is in Tehran with a big business delegation, expressed the European country’s willingness to invest in Iran, which he described as a gateway to the Asian markets. With a turnover of €3.5 trillion, Luxembourg’s Investment Fund is willing to collaborate with Iran In a meeting with Iran’s minister…
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…
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…
