Iran calls on investors to join petchem projects
Managing director of Iran’s National Petrochemical Company (NPC) called on investors to join petrochemical projects and welcome partnership in the projects for promotion of the industry in Iran. Abbas Shari-Moqaddam told Shana that capital plays a key role in the petrochemical industry but the capital is not one that can…
S. Korea welcomes chance to diversify oil supply with U.S., Iran crude
South Korea is eager to increase the diversity of its oil suppliers by looking at U.S. and Iranian supplies as more exports from those countries become available, the South Korean Ministry of Trade, Industry and Energy said on Wednesday. The country welcomed the recent repeal of the 40-year-old crude export…
World Bank: Iran’s foreign debt decreases by $1.5b
According to a recently published World Bank report Iran’s total foreign debts at the end of 2014 reached $5.495 billion, showing a decrease of $1.5 billion compared to the preceding year. World Bank recently published a report on debts of world countries in years 2000 to 2014. The report shows…
Iran inks deal with neighbors to boost electricity cooperation
Tehran signed an agreement with Yerevan, Tbilisi and Moscow to synchronize power grid until 2019. The deal was signed during visit by Iranian Energy Minister Hamid Chitchian to the Armenian capital with his counterparts from the three countries. Once fully implemented, the agreement will make it possible for Iran to…
‘Iran will buy 450 Boeing, Airbus planes’
With the prospects for the removal of sanctions against Iran already looming, speculations are already rising that the country will need a much larger aviation fleet to better address what is seen to be a wider flight demand in the near future. Airways News website reported in an article that…
US a candidate for heavy water deal
Iran is considering the US as a candidate for a deal to sell its excess store of heavy water or swap it for raw uranium, the head of the Atomic Energy Organization of Iran said. ‘We have produced over 160 tons of heavy water, out of which about 130 tons…
Iran-Baltic Sea countries to develop joint cooperation in the field of agriculture
Director General of International Affairs and Specialized Organizations Department of Agricultural Jihad Ministry said that upon 11th government program development of grounds for joint cooperation in agriculture with Baltic Sea countries are on the agenda. Homan Fathi made the remarks in a meeting with LithuanianAmbassador to Tehran here on Wednesday….
Iran, Russia sign two MoUs on joint investment
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….
How will the Federal Reserve’s decision to raise interest rates affect Iran’s economy?
The US Federal Reserve has recently decided to raise interest rates by a quarter of a percent. How will that decision affect Iran’s economy has yet to be seen, but economists are warning the Iranian government about its possible ramifications. Khabaronline.ir’s Khatereh Vatankhah has filed a report that focuses on…
Koreans, Indians plan to boost Iran imports
South Korea and India are counting on an imminent termination of sanctions on Iran to resume oil imports. ‘If the sanctions on Iran are lifted, refiners expect to hike their Iranian crude imports to the level seen before the sanctions,’ South Korean Ministry of Trade, Industry and Energy said on…
