Minister of Petroleum Bijan Zangeneh said on Thursday as of next year, 10 billion dollars will be added to Iran’s oil income. In a televised interview, Zangeneh outlined Iranian oil diplomacy achievements, which excluded Iran from OPEC output freeze plan. Iran’s output will be 3.797 million barrels per day per an agreement reached in the…
Head of Civil Aviation Organization has said four European countries have been commissioned to finance Iran’s possible plane purchases from world air industry giants. Ali Abedzadeh told Mehr News on Thursday that Germany would be the most probable candidate to finance through credits Iran’s prospective plane purchase agreements, with Italy, Ireland, and France possibly as…
Iran and the Netherlands have signed an MoU on expanding cooperation in the fields of agriculture, fisheries, management, livestock, dairy, sanitation and health. The memorandum of understanding was signed by Iran’s Minister of Agriculture Mahmoud Hojjati and Netherlands Minister of Economic Affairs Henk Kamp in Amsterdam on Friday. Hojjati heading a delegation of his deputies…
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…
Iran says imports of cars from the United States are authorized as long as they are produced by non-American brands. Farhad Ehteshamzadeh, the president of Automobile Importers Union of Iran, was quoted by the domestic media as saying that he had made an inquiry to the same effect from the Ministry of Industry, Mine, and…
Global energy giant British Petroleum (BP) has reportedly started a serious push to look into the prospects for making post-sanctions investments in Iran’s oil industry. Reuters said in a report that BP has formed a special task force to study Iran’s oil industry investment potentials in what could be a fresh sign of the growing…
An IOOC official said volume of Iran’s crude oil production capacity in the Persian Gulf has risen by 10 thousand barrels. Describing new plans to boost crude output in the Persian Gulf, Technical Director of Iranian Offshore Oil Company (IOOC) Manoochehr Davoodi said given the overhaul of a number of offshore wells in Ilam platform…
Slovenian counterpart Borut Pahor was officially welcomed by Iranian President Hassan Rouhani on a snowy Tuesday in Tehran. Pahor’s visit seeks to hold a number of economic and political meetings with Iranian high-ranking officials. In the official ceremony, after the national anthems of both countries being played, the two presidents reviewed the honour guards and…
Russia’s luxurious train dubbed “Golden Eagle” arrived in Iranian holy city, Mashhad on Sunday morning. The train left Moscow for Tehran with 40 tourists from Britain, US, Australia, Spain, Canada and South Africa. Golden Eagle had already passed Kazakhstan, Uzbekistan, and Turkmenistan in 18 days to get to the city. Iran has become a destination…
A top Iranian trade official says the volume of foreign investments in the country is expected to increase by six times until next March to reach around $12 billion. Feriyal Mostofi, a member of Tehran Chamber of Commerce, told reporters that foreign investments in Iran for each Persian calendar year (starting 21 March) stood at…
