France’s imports from Iran in the first nine months of 2016 show a staggering 34-fold rise compared to the corresponding period last year, thanks to resumption of oil imports after coming into force of the Iran’s nuclear deal with world powers, known as the Joint Comprehensive Plan of Action (JCPOA). Iran-France trade has tripled since…
Deputy oil minister said Iran and China will jointly launch a three-billion-dollar oil project today to develop and optimize Abadan Refinery. Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi, while expounding on the first major agreement between Iran and China in the post-JCPOA era, said “following months of negotiations between…
Iran-New Zealand trade meeting held in Tehran attended by visiting New Zealand Minister of Trade Todd McClay and the Deputy President of Iran’s Chamber of Commerce Pedram Soltani on Dec 3, 2016. Iran-New Zealand to boost two-way trade, Trade Minister Todd McClay led New Zealand’s first trade mission to Tehran in 12 years , in…
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…
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…
By: Maryam Azish/ Iran’s petroleum industry is considered as the main generator for national economy following the implementation of Iran’s nuclear agreement with 5+1, known as the Joint Comprehensive Plan of Action (JCPOA). Energy plays a pivotal role to provide financial resources for Iranian public services and the industrial sector and the deal has paved…
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…
President Hassan Rouhani launched the first phase production at three fields in the oil-rich Khuzestan Province, bringing its total crude output closer to pre-sanctions levels. “Oil production west of Karun must reach one million barrels per day,” Rouhani said on Sunday, referring to the North Azadegan, Yadavaran and North Yaran fields. “This is a realistic…
The Golden Eagle Luxury Trains, a prestigious European operator of exclusive, long-distance rail tours, is scheduled to run new rounds of its services that offers extensive excursions throughout Iran. Passengers from several countries including the UK, Spain, the U.S., Australia, Canada, and South Africa will aboard the opening southbound train that is scheduled to depart…
Pres. Rouhani said the policies of the Islamic Republic are only influenced by the will and wishes of Iranian people and will not change according to changes in foreign countries. Iranian President Hassan Rouhani made the remarks in Wednesday’s cabinet meeting, adding “the success of the US in the eyes of the international community and…
