Bulgaria Signs Deal to Invest in Iran’s Solar Energy Projects

On December 14, 2017, Posted by , In News, By , , With No Comments

Bulgaria Signs Deal to Invest in Iran’s Solar Energy Projects A Bulgarian company signed a Memorandum of Understanding (MoU) with Iran to develop solar photovoltaic infrastructure in the Iranian central city of Jahrom, Xinhua reported. “The first investment agreement in the Jahrom Special Economic Zone has been signed with Solar & Benefit…

Iran: €3 billion credit line by Siemens on the way

German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says. “On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for…

Iran-Renault joint product will enter market next year: IDRO official

A sum of 300,000 Renault cars will be built in a five-year term and first products will enter the market in the final months of the next Iranian calendar year (started March 21, 2018), senior IDRO official said. Head of Iran’s Industrial Development and Revolution Organization (IDRO) Mansour Moazami made…

Renault, IDRO deal historical: Senior French official

Senior Renault official called the contract with Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh a remarkable deal in one of the most strategic countries of the world. Executive Vice President and Chief Competitive Officer in Renault Group Thierry Bolloré elaborated the details of contract in…

Iranian, German carmakers to jointly produce cars

Germany’s Volkswagen and Iran’s car manufacturer Mammut Khodro are planning to launch a new joint production line to make cars in the near future. Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have…

Turk investors pay for 5,000 megawatts electricity generation in Iran

Director for monitoring group on investment contracts of Thermal Electric Generation Specialized Company Jamshid Sajdei said on Thursday that contracts to generate 5,000 megawatts electricity have been convened with investors and companies from Turkey. He made the remarks on the sidelines of foreign investment meeting of Yazd Investment Services Center….

Total returns with 4.8-billion-dollar investment to Iran

Countdown to the signing of the $4.8 billion oil contract between Iran and the international consortium led by Total has started. Being the first to be signed in the new format of Iran’s oil contracts which lead to technology transfer to Iran, the Total deal is considered a turning-point to…

IDB to finance 125m euro loan for Tehran WWTP project

Deputy Head of Tehran Sewage Treatment Company for Engineering and Development Affairs Farhad Jalali Amin says Islamic Development Bank will meet 125 million euro of the credit needed for Tehran sewage treatment projects. Jalali Amin further told reporters that the credit will be spent on the project for establishment of…

Iran-Total deal in petchem to reap $2bn investment

Deputy Minister of Petroleum Marzieh Shahdaie says agreement with French Total Company in the petrochemical sector will result in $2 billion investment. Ministry of Petroleum on Tuesday quoted Shahdaie as saying, “In case of a final agreement, Total will invest up to two billion dollars in Iran’s petrochemical industries.” Outlining…

500% increase in Iran’s exports to Europe

 Iran’s exports to European Union have increased 500% to reach € 3.4b in the first 4 months of 2017 compared to the same period in 2016. According to the Statistical Office of the European Communities (Eurostat), the comparison also shows 127% increase in commercial exchange between Iran and EU countries,…