Iran could sign first IPC-based contract in March or April: official
TEHRAN – Iran could sign the first development deal within the framework of its new model of oil contracts in March or April, Ali Kardor, deputy director of investment and financing at the National Iranian Oil Company said. Iran introduced its long-awaited new model of oil contracts, known as the…
Iran lures foreign investors with new oil contracts
TEHRAN – Iran unveiled a new model of oil contracts Saturday aimed at attracting foreign investment once sanctions are lifted under a landmark nuclear deal reached earlier this year, and said US companies would be welcome to participate. The new Iran Petroleum Contract replaces a previous buyback model, in which…
Iran, Italy ink trade co-op deals
The Iran and Italy inked four tourism and trade cooperation agreements here on Sunday. The agreements were inked by the Iranian and visiting Italian officials on the sidelines of Iran and Italy trade conference in Tehran. As per the agreements the two sides are obliged to foster relations in technical…
Italian official calls for cooperation on small industries
Head of international committee of Confederation of Italian Industry Leica Matiuli said on Sunday that 90 percent of Iran’s industrial structures are combined by small and medium size companies, calling for cooperation in the field of small industries. She made the remarks to a Conference on Iran-Italy Trade. She said…
Iran’s mines can generate more money than crude: Bloomberg
Iran can generate more money by developing its mineral reserves than selling crude oil, a new Bloomberg reports says. A new report says Iran can earn more revenue from its mineral reserves than crude oil sales, if it takes appropriate measures to develop those reserves. The report, which appeared on…
Fiat in talks for car manufacturing in Iran
Fiat and its subsidiaries halted sales to Iran in 2012. An Iranian car manufacturer is in talks with Italian automaker Fiat SpA to produce cars in Iran which is billed as the Middle East’s biggest auto market, a minister says. “Fiat has announced its readiness for cooperation with the Iranian…
Iran reveals framework for oil and gas contracts
Iran has revealed the framework of oil and gas contracts to lure back international oil companies, offering more flexible terms on oil price fluctuations and investment risks to make the sector financially attractive. During the two-day Tehran Conference, oil executives from European and Asian companies including France’s Total Group, Norway’s…
Isfahan hosting 14th Int’l Agriculture Exhibition
The 14th International Agriculture Exhibition opened in Isfahan International Fairground Saturday and will work until December 1. The ongoing event is attended by companies from the Iranian provinces of Isfahan, Tehran, Khorasan Razavi, Fars Qom, Golestan, Mazandaran, Hamedan and Yazd as well as representatives from China and Italy. The companies…
Shafei: oil, gas sector to have 9.4 pc share in 8 pc economic growth in 6th 5-year plan
Deputy Head of the Management and Planning Organization Gholam-Reza Shafeie said on Saturday that sixth Five-Year Economic Development Plan envisaged eight percent economic growth which included 9.4 perccent growth for oil and gas. Shafei told the International Seminar to Introduce the New Model of Iran Petroleum Ccontracts that in the…
Italian Ambrosetti planning to hold 1st economic confab in Iran
The European House Ambrosetti is planning to organize the political-economic conference for the first time in Iran. Ambrosetti is one of the most important political and economic groups in the world which organizes a seminar in north Italy each year with the heads of state, European high representatives, ministers and…
