2015 energy recap

A mixed bag for the global and domestic energy industry, 2015 was marred by a Saudi Arabia determined to take oil price to its lowest level and marked by a turning point in Iran’s political and economic relations with the world following the nuclear deal halfway through the year. Oil…

Iran nominated for Energy Globe Award 2015

Tehran’s sewerage project has been nominated for the Energy Globe Award 2015, which is one of the most prestigious environmental awards, the Energy Globe website reported. Eligible for participation are projects with a focus on saving resources, improving air, soil, or water quality, increasing energy efficiency, using renewables, as well…

Iran’s tourism industry a ‘hidden treasure’ for investors: tourism chief

On December 30, 2015, Posted by , In News, By , , With No Comments

The booming industry of tourism in Iran is a hidden treasure for investors, Iran’s tourism chief Masoud Soltanifar said on the sidelines of a ceremony for inaugurating Tehran’s Espinas Palace Hotel on Monday. The 500-room hotel in northwestern Sa’adatabad neighborhood was used to housing high-ranking officials during the summit of…

Iran, Algeria to elevate relations in 2015

On December 30, 2015, Posted by , In News, By , , With No Comments

Year 2015 will be a turning point in Iran-Algeria relations for boosting the political, economic and cultural cooperation. The two countries’ Joint Supreme Commission held from December 15 to 17 had very tangible outcomes; the most important one can be highly improving the level of bilateral political ties. The relative…

Iran, India sign comprehensive economic cooperation agreement

Document for comprehensive economic cooperation agreement between Iran and India was signed on Monday evening by Minister of Finance and Economy Ali Tayyebnia and Minister of External Affairs of India Sushma Swaraj. The two sides agreed on cooperation in the fields of energy, infra-structure, banking, consular services, trade and tourism….

Iran, Canada launch into 1st oil coop.

On December 30, 2015, Posted by , In News, By , , With No Comments

An IOOC official said a Canadian company has been put in charge of studying the economic justifiability and feasibility to implement the development project of Binaloud oilfield. Head of Technology and Research at Iranian Offshore Oil Company (IOOC) Javad Rostami said IOOC has placed studying over this field on agenda…

Iran, India can double economic exchanges

On December 29, 2015, Posted by , In News, By , , With No Comments

Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia said here that Tehran and New Delhi have enough capacity to double the current volume of economic exchanges. The remarks were made on Sunday evening at a banquet in honor of the visiting Iranian finance minister. Formation of economic cooperation councils…

Iran expecting big rise in foreign arrivals

On December 28, 2015, Posted by , In News, By , , With No Comments

Recent editions of many international tourism journals, including National Geographic, have referred to Iran as a top emerging tourism destination, which can contribute to rise in the number of foreign tourist arrivals to the country, said Morteza Rahmani Movahed, the deputy head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization….

Iran, buyers agree on post-sanctions oil deals: CEO

On December 27, 2015, Posted by , In News, By , , With No Comments

Managing Director of National Iranian Oil Company (NIOC) said Tehran has reached agreements with buyers of its crude oil over signing of contracts after removal of sanctions adding that continued drop in oil prices will not hamper Iran’s exports. “Iran will win back its global market quota in the post-sanctions…

Iran, Russia sign two MoUs on joint investment

On December 24, 2015, Posted by , In News, By , , With No Comments

Iran and Russia signed two memorandum of understandings on Sunday on veterinary cooperation and support for mutual investment. The documents were signed by officials of the two countries in a ceremony attended by Minister of Communications and Information Technology Mahmoud Vaezi and Igor Shuvalov, the Russian first deputy prime minister….