Minister calls for enhanced cooperation with Sweden on IT
Minister of Communications and Information Technology Mahmoud Vaezi said on Sunday that opening up credit lines and finance by Sweden would serve to develop economic cooperation with Iran, particularly on the area of information and communication technology. Vaezi made the remarks after a meeting in Tehran with visiting Sweden’s Minister…
Italy eying triple rise in Iran exports
Italy says it expects to triple its exports to the Islamic Republic of Iran once the Western-imposed sanctions on the country are removed. ‘Iran will be the good news of 2016 for Italy,’ Carlo Calenda, Deputy Minister of Economic Development told the Italian online news agency Agenzia Giornalistica Italia (AGI)….
Zangeneh: Iran, Sweden to work together in petchem, energy sectors
Minister of Petroleum Bijan Zangeneh said Iran and Sweden are to cooperate in such areas as energy consumption, petrochemical projects and making machinery and equipment. In a meeting with Sweden’s Minister for Enterprise and Innovation Mikael Damberg here on Sunday, Zangeneh expressed hope that the removal of unjust sanctions against…
NPC, BASF in talks over Mega joint venture
An official from Iran’s National Petrochemical Company (NPC) has said his company is in talks with the major German chemical producer BASF for a giant joint investment project. According to SHANA, Vice-President of the company Mohammad Hassan Peyvandi said, “In the negotiations with foreign firms, we stress on joint production…
Iran can attract $70bn in petrochemical projects: Wood Mackenzie
A new report released by a global research and consultancy group says Iran is capable of attracting USD 70 billion of investment in its petrochemical projects. According to Wood Mackenzie, a global energy, metals and mining research and consultancy group based in Edinburgh, Scotland, the Islamic Republic is bent on…
Iran finalizing plans to build oil refineries in Europe
Negotiations to build oil refineries in Europe with Iranian investment to process the country’s crude are on verge of finalization, a news agency says. The two sides have decided to process the Iranian oil and use it in the countries in which the refineries are to be built, the Fars…
Report: Iran poised to hit new oil reserves
Iran is poised to strike a new oil gusher in an offshore field which the country shares with the UAE in the Persian Gulf, an official says. New discovery drillings in the Salman field have led Iranian prospectors to a new hydrocarbon-bearing formation which most probably contains oil reserves, an…
Iran renews oil deals with China
Iran is taking steps to ramp up oil exports ahead of an end to US-led sanctions, extending crude contracts with its top two Chinese buyers into 2016 and starting talks with other potential buyers there, Reuters reported on Thursday. Sinopec Corp, Asia’s largest refiner, and Chinese state trader Zhuhai Zhenrong…
Solar energy can meet whole electricity demand in Iran: official
Solar resources have the capacity to cover for Iran’s total electricity demand, according to Akbar Adibfar, the managing director of Renewable Energies Company, a subsidiary of Iran’s MAPNA Group. Adibfar said: “As of now, there have been a few investments to exploit renewable energies, especially the solar energy, because the…
Turkish trade delegation to visit Iran
A Turkish trade delegation representing Ankara Chamber of Industry – Ankara Sanayi Odasi (ASO) – is to pay a two-day visit to Tehran beginning from December 6, the ISNA news agency reported. Nurettin Ozdebir, the chairman of ASO, will lead the delegation which is scheduled to visit Tehran Chamber of…
