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…
The 8th Iran Air Show aiming at presenting aviation and aerospace industries capabilities and introducing the latest aviation achievements and technologies started work on Nov 16 in the Persian Gulf Kish Island. The opening ceremony of the event was held in the presence of Iran’s Defense Minister Brigadier General Hossein Dehqan, Head of Civil Aviation…
IOEC managing director has reported on Iran’s plans to take part in offshore oil projects in Europe and Africa. Managing director of the Iranian Offshore Engineering and Construction Company (IOEC) Abolghasem Rahmani touched upon partnership with foreign firms for exports of technical and engineering services adding “Iran’s unique and precious experiences in offshore oil projects…
Iran took the fourth place at the Asian Water Polo Championship — the 10th Asian Swimming Championships — in Japan. The Iranian squad failed to beat China on penalties after the two teams snatched a 7-7 draw in regular time of the meet’s third-place playoff match at the Tokyo Metropolitan Gymnasium indoor pool on Sunday,…
