India to raise oil imports from Iran after removal of sanctions
An economic Iranian official said here Monday that India is to increase its oil imports from Iran as soon as the anti-Iran sanctions are lifted. India is ready to import Iran’s oil as much as it was in the pre-sanctions era, Marziye Riahi, head of Iran’s energy working group delegation…
Envoy: Oman to cooperate with Qeshm Island on oil, gas swap, tourism
Oman Ambassador to Tehran Saud bin Ahmed Khalid al-Birwani said on Sunday that Omani government is willing to develop economic cooperation with Hormuzgan province on oil and gas swap and tourism. He made the remarks in a meeting with managing director and senior officials of Qeshm Free Zone Organization. The…
Iran gets $5bn credit line from Hermes Euler
The German Euler Hermes credit institution has agreed to establish a $5 billion credit line for Iran, Mohammad Khazai deputy minister of economy said Saturday. The credit is to be granted over 2-3 years. Hermes had previously guaranteed some loans for Iran but the country was unable to meet its…
Golden age of gas on the horizon
Iran is endowed with 18 percent of the most easily accessible world natural gas reserves, which is the answer to the sustainable energy for the 21st century, replacing coal and oil. Today’s low energy, mineral and other commodity prices are expected to stay stagnant until the end of the decade….
Iran, India can double economic exchanges
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…
Standard discount in post-sanction oil prices
Oil Minister Bijan Namdar Zangeneh said that the Iranian oil sector in the post-sanctions era will offer routine discount as others do. In an exclusive interview with IRNA here on Sunday, he made the remarks in response to a question about the claim of “attractive discounts” Iran is said to…
NITC poised to grab post-sanctions opportunities
The head of National Iranian Tanker Company (NITC) says the company will revive its presence in high seas once the US-led sanctions on Tehran’s nuclear program are lifted. Speaking at an international conference on maritime industries and shipping in Kish Island, south of Iran, on Thursday, Ali Akbar Safaei said…
Iran expecting big rise in foreign arrivals
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….
