Petroleum ministry plans to attract $200bn investment
A senior official with the Ministry of Petroleum says that the ministry plans to attract $200 billion capital for investment in its projects. Speaking on the sidelines of the 12th International Energy Exhibition, titled KISH ENEX 2016, Afkham Zarvani said that the sum will be obtained in five years out…
Iran sees golden opportunity in trade with Russia
Ali Akbar Mirchegini in a press conference on Friday announced the holding of Iran’s first specialized exhibition in Moscow. He said: “Having omitted Turkey and European countries from their markets, Russians are now showing keen interest for joint cooperation with Iran, and for this reason, we now have a golden…
‘No change in crude production increase’
A senior oil official said Iran does not intend changes in its plans to increase oil exports in post-sanctions era. Talking to IRNA on Saturday, Director General of Oil Ministry for OPEC and Oil Forums Mehdi Asali said Iran intends to increase crude production and exports by 500,000 barrels per…
Improvements in tourist industry
The removal of sanctions will mark a new chapter in Iran’s tourism industry by drawing the attention of more tourists to the country’s rich cultural and historical attractions. According to Tehran-based English newspaper, Iran Daily, in addition to bringing substantial earnings to the country – which contribute to flourishing domestic…
Franco-Japanese auto giant keen on Iran expansion
The head of Renault-Nissan alliance has expressed the major car manufacturer’s readiness to expand its market in Iran upon the removal of sanctions against the country. Renault-Nissan chief Carlos Ghosn said Monday that “Iran is a very promising market,” according to AFP. “Today it’s more than one million cars, it…
Market inclined to low prices: Iran
A senior Iranian oil official said predicting the changes in global crude prices is ‘quite difficult’. ‘This is despite the fact that market indices, including supply and demand, speak of a bearish market in the coming months,’ Mohsen Qamsari, head of international affairs of the National Iranian Oil Company (NIOC),…
Mahan Air flight to Moscow
Iranian private airline Mahan Air will launch direct flights to Moscow from next week, Iran’s Ambassador to Russia Mehdi Sanaei said. On January 21 Mahan Air will launch direct flights between Moscow and Tehran with a frequency of one flight per week, Sanaei said in a Russian-language blog post on…
Iraqis expect Iran to become an economic superpower
Head of Iraqi Chambers of Commerce Syndicate said here on Saturday that nuclear agreement was result of efforts and resistance of Iranian nation and government as well as Supreme Leader’s wisdom as Iraqis expect Iran to become an economic superpower. In an interview with IRNA on the sidelines a conference…
Call for expansion of Iran airlines in post sanction era
Minister of Roads and Urban Development Abbas Akhundi here on Saturday urged Iranian airlines to expand their fleet during post sanction era. Akhundi made the remarks in a meeting attended by several Iranian officials of aviation industry. He also expressed hope that after implementation of the Joint Comprehensive Plan of…
Iran, Germany ink deal to boost agricultural cooperation
High-Ranking officials from Iran and Germany signed a memorandum of understanding (MoU) to develop cooperation between the two countries in various areas of agriculture. In a meeting in the German capital of Berlin on Saturday, Iranian Agricultural Jihad Minister Mahmoud Hojjati and German Agriculture Minister Christian Schmidt signed the MoU…
