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…
Iranian airlines will buy over 80 planes from European aviation giant Airbus and its US rival Boeing. Only a day after two Iranian airlines announced deals to purchase planes from Airbus, another Iranian carrier said it has sealed a third deal to buy advanced aircraft from US plane-maker Boeing, Press TV reported. The head of…
The contract to buy 60 Boeing 737 Max planes within two 30-jet batches was finalized between Boeing and Iran Aseman Airlines on Saturday in Tehran. At the presence of Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei, the contract was inked between Iran’s third largest airline, Aseman Airlines and the American plane maker…
NPC Head Marzieh Shah-Daei said Memoranda of Understanding (MoUs) have been signed with four international companies following implementation of the Joint Comprehensive Plan of Action (JCPOA). Director of National Petrochemical Company (NPC) made the remarks on the sidelines of the 13th International Iran Petrochemical Forum (IPF 2017) on Saturday morning in Tehran. “The Iranian petchem…
International port and shipping sector is looking to Iran as one of the most interesting growth opportunities in years and volume growth is imminent. The January 2016 lifting of the nuclear-related sanctions provided a boost to Iran’s economy, but for the recovery to be sustained, longstanding structural reforms are required. Container and bulk volumes above…
Iran’s Aseman Airlines on Tuesday signed a deal to purchase dozens of passenger planes from US aviation giant Boeing. Under the agreement, the airlines will buy 30 Boeing 737 MAX airplanes worth $3 billion. The deal also gives Aseman the right to purchase another 30 of the Boeing’s twinjet narrow-body passenger planes. IRNA said that…
An Airbus A330 aircraft arrived in Tehran on Saturday, the second of 200 Western-built passenger jets ordered by the national carrier Iran Air following the lifting of sanctions. The long-haul aircraft, with Iran Air Chairman Farhad Parvaresh and other officials onboard, took off from the French city of Toulouse on Saturday and landed at Tehran’s…
An NIORDC official has reported on talks between Iran and Japan over implementation of a two-billion-euro project for upgrading Abadan Oil Refinery. Managing Director of Abadan Oil Refinery Company Esfandiar Daemolzekr informed reportes about the latest development status of and the plan to reduce fuel oil production in the oldest oil refinery of the Middle…
PMO head said the volume activities in Shahid Rajaee Port Complex has increased by 35 per cent in the past 11 months. Mohammad Saeidnejad, Managing Director of Iran’s Ports and Maritime Organization (PMO), said implementation of the Joint Comprehensive Plan of Action (JCPOA) paved the path for purchasing required port equipment as reasonable prices and…
Swedish Prime Minister Stefan Löfven arrived in Tehran on Friday night 10 February 2017 and was welcomed by Iranian Minister of Industries, Mines and Trade Mohammadreza Nematzadeh. President Rouhani officially welcomes Swedish PM President Rouhani officially welcomed Swedish Prime Minister Stefan Löfven at Sa’dabad Palace on Saturday 11 February 2017. There are ample opportunities to…
