India’s 2015 Iran oil imports over 208,000 bpd
India’s imports in December surged nearly 70 percent from the previous month to 233,100 barrels per day (bpd), but were still down by a third from a year ago, according to the data and a report compiled by Thomson Reuters Oil Research and Forecasts. India’s December oil imports from Iran…
Iran says it has found substitutes for trade with UAE
Yahya Al-e Eshaq, a key current member and the former head of Iran Chamber of Commerce, was quoted by the media as saying that the country has already conducted a comprehensive study on its trade relations with the UAE as well as the mechanisms to switch to a new trade…
Siemens seals railroad deals with Iran
A deal specifically concerns the electrification of Tehran-Mashhad railroad. Accordingly, the German company will provide the signaling equipment, the electric locomotives, passenger train coaches as well as the related maintenance services for the railroad, IRNA reported on Friday. A second deal concerns the construction of Tehran-Isfahan high-speed railway and a…
Iran to switch from gas to power exports
As Iran is preparing for the removal of sanctions and the openings that it will create in various sectors, fresh debates are emerging in the country over the need to devise more efficient energy policies – what is expected to help the country’s economic growth. Kamal Kharrazi, a former foreign…
Iran eyes ambitious gas exports
Iran says that it has set eyes on the removal of the US-led sanctions to bring in the technology it requires to produce more natural gas for exports to as far as India, China and Europe. Azizollah Ramezani, the director for international affairs of the National Iranian Gas Company (NIGC),…
Iran urged to review China import plans
Concerns are rising in Iran that the falling value of the Chinese yuan could make imports from the country more expensive. Morteza Allahdad, an Iranian economist, has been quoted by the media as saying that the government should revise its plans over imports of goods from China in light of…
World Bank expects Iran’s economic growth to hit 5.8% in 2016
The World Bank says Iran’s economic growth in 2016 will reach 5.8 percent, stressing that the figure will be the highest in the Middle East and North Africa. The World Bank has forecast a major growth rate of 5.8 percent for the Iranian economy in 2016 as the country starts…
Iran offers Denmark to invest in infra-structure and transport sectors
Minister of Roads and Urban Development Abbas Akhundi in a meeting with Danish Foreign Minister Kristian Jensen on Wednesday called for Denmark partnership in profitable investments in Iranian infra-structure and transport sectors. Concerning maritime transportation Akhundi said that Iran has a major role in the peace and security of the…
Foreign investors keen on S. Khorasan’s projects
A large number of foreign delegations have visited Iran over the past few months to explore investment opportunities and negotiate participation in Iranian projects. During this period, Iran held numerous conferences to present the country’s investment opportunities and economic projects. In the meantime, Iranian provinces with considerable economic potentials, such…
Iran to minimize oil on water storage
The Operating Director of Kharg Oil Terminal at Iranian Oil Terminals Company (IOTC) Kumars Karami Moghadam said “the overhaul of strategic reservoirs at Kharg oil terminal, as the largest oil export terminal in the Persian Gulf, is carried out on a regular basis to prepare them for emergencies.” “Considering the…
