Zangeneh: Foreign investors interested in Iran’s oil contracts
Iranian Oil Minister Bijan Namdar Zangeneh announced that the international oil companies have voiced their satisfaction in new oil contracts presented by Iran. Zangeneh arrived in Vienna earlier today (on Thursday) to attend the 168th meeting of the Organization of Petroleum Exporting Countries (OPEC). ‘We believe that the reaction of…
Zangeneh: Iran to raise oil production after lifting of sanctions
Iranian Oil Minister Bijan Namdar Zangeneh announced here Thursday that Tehran will add 500,000 barrels of oil per day to its current production by January after lifting of the anti-Iran sanctions. ‘Following the latest report of Director General of the International Atomic Energy Agency Yukiya Amano on Iran’s nuclear activities,…
Iran mulls investment in giant titanium reserves
Iran needs more than $4.2 billion of investment over the next five years to bring a massive titanium mine in the country’s southeast fully online, an official says. The deposits in Fanuj can yield 30 million tonnes of titanium ore a year over a period of 400-500 years, head of…
Iran biggest investment attraction in decades
Global financial services firm Morgan Stanley in a report has described Iran as the next biggest investment attraction for international corporations after the fall of the Berlin Wall. Morgan Stanley in its report has emphasized that Iran’s vast fossil fuel resources have specifically added to its numerous advantages as a…
India seeks preferential trade deal with Iran
India says it is interested in signing a preferential trade agreement with Iran when sanctions are lifted against Tehran, a press report says. “We have a good relationship with Iran. It is a good market for us in the long term,” the Economic Times newspaper quoted a “senior” commerce department…
Iran, Ecuador to expand direct trade ties
Deputy Foreign Minister for Euro-American Affairs Majid Takht-Ravanchi and Minister of Foreign Trade for Ecuador Diego Aulestia Valencia on Wednesday called for further expansion of bilateral cooperation after lifting of the “unjust” sanctions against Iran. “Formerly, the trade was possible through a third party, making it costlier; however, after removal…
Majority of OPEC members agree with Iran on output cut: Official
Majority of member states of the Organization of Petroleum Exporting Countries (OPEC) agree on a reduction in the crude oil production to keep up prices with an exception of Saudi Arabia and Persian Gulf Arab countries, said director general of OPEC and energy forums in the Iranian Ministry of Petroleum….
SACE to offer unlimited coverage to Iranian projects
Iran says Italian insurance agency Servizi Assicurativi del Commercio Estero (SACE) is ready to cover Tehran-Rome deals up to an unlimited ceiling. “The company [SACE] will return to Iran as Italy’s biggest export credit agency and is ready to insure deals in Iran to an unlimited ceiling,” said Iranian Deputy…
German investors to set up solar power plant in Kerman
German investors are planning to establish a solar power plant in Kerman and have chosen two sites for the purpose. A member of Iran Chamber of Commerce, Industries, Mines and Agriculture, Ali Shams Ardakani said during a meeting between German investing delegation and Kerman governor general that the team is…
Iran new oil contracts require foreign investor with Iranian Partner
Chairman of Oil Contracts Revision Committee in the Iranian Ministry of Petroleum said the new oil contracts lay down that foreign investors shall cooperate with a local partner in projects for development of oil and gas fields. “They will provide a great chance for the private sector in Iran,” said…
