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…
Iran announced that several major European and Asian financiers have announced their readiness to fund the purchases of planes from global aviation giants Airbus and Boeing. Deputy Minister of Roads and Urban Development for International Affairs Asghar Fakhrieh Kashan was quoted by Press TV as saying that nine financial institutions from Norway, Denmark, Ireland, Britain,…
KEPCO managing director said Norwegian companies had voiced readiness to take part in drilling and exploration of oil fields in the Caspian Sea. Addressing a press conference on Tuesday on the sidelines of Iran Oil Show (2017), Managing Director of Khazar Exploration and Production Company (KEPCO) Mohsen Delaviz said his company was in talks with…
A large portion of Iran’s shipping fleet has regained Protection & Indemnity (P&I) insurance from Steamship Mutual. Jonathan Andrews, Director & Head of Eastern Underwriting in Steamship Mutual, said a considerable number of Iranian vessels have taken out insurance form our company and “we are pleased to observe return of Iranian directors to the board…
Iran-Daily: Western insurers are slowly reaching deals with Iran as they seek to reenter a multibillion-dollar market 10 months after the lifting of international sanctions in January. Iran is now in more active talks with insurers to provide cover in a market valued at $9 billion overall last year and potentially double that in the…
IRAN and Norway have signed 3 MoUs in opening credit lines for both sides, with Norway pledging a credit line of €1bn for Tehran to promote trade. Foreign Minister of Norway, Børge Brende is in a tour of Iran and met with his Iranian counterpart Javad Zarif earlier on Wednesday. They discussed bilateral trade, where…
