OPEC, IEF general secretaries due in Tehran to attend GECF summit
OPEC Secretary General Abdullah Salem al-Badri is to visit Tehran to take part in the Third Gas Exporting Countries Forum (GECF) summit meeting. Secretary General of the International Energy Forum (IEF) Aldo Flores-Quiroga is also scheduled to arrive in Tehran for the upcoming event. The 17th Ministerial Meeting of GECF…
Zangeneh: Foreign firms can take part in Iran’s energy projects
Oil Minister Bijan Namdar Zangeneh underlined that the foreign companies can take part in energy explorations. ‘The foreign companies based on the new contracts that have been approved by the cabinet can participate in discoveries of oil and gas resources,’ Zangeneh said in a television interview with the television. Zangeneh…
Iran launches 1st South Pars gas platform
Iran has installed the first natural gas production platform in its South Pars gas field, says the operator of Phase 19 development. ‘With the launch of the sea structure, Iran is expected to extract 500 million square feet of natural gas from the gas field it shares with Qatar in…
Largest Korean IT company after capturing Iranian market
The most famous and largest South Koran information technology and communication (ITC) company POSCO voiced enthusiasm to have a broad share in Iranian market during post-sanctions era. POSCO officials said on Wednesday that keeping in mind the highly competitive IT market, precise planning for ensuring a durable presence in the…
Frankfurt hosts Iran investment confab
A high-profile conference has started in Germany’s Frankfurt to look into the prospects for investments in the Iranian economy. Dubbed ‘Business Forum Iran-Europe’, the two-day conference is to explore business opportunities in post-sanction Iran. High-ranking delegations, comprised of senior Iranian government officials such as the head of the Central Bank…
50 Portuguese firms eying investment in Iran
Fifty Portuguese firms are seeking investment opportunities in Iran, said Paulo Nunes de Almeida, the president of Associacao Empresarial de Portugal (Portuguese Entrepreneurial Association). If involvement of 50 Portuguese firms with the Iranian market turns out to be successful and profitable, strengthened trade between the two countries will be expected,…
Iran: Economy to surge by 6% after sanctions are lifted, as IIF estimates bigger growth than China
The Iranian economy will surge by 6% when sanctions are lifted, the Institute of International Finance (IIF) has estimated. The growth means the country will outperform many other states in the region. At the moment, the Iranian economy is weighed down by severe sanctions because of the country’s nuclear programme,…
Iran lines up 25 billion Dollar energy investment
Iran has put together a package for $25 billion of investment in its booming power industry which is key to the country’s economic recovery, head of Iran Power Transmission, Generation and Distribution Company (Tavanir) says. “Iran’s power industry is facing an average growth of 5% (in energy demands) a year…
Now Microsoft Preparing to Invest in Iran
Officials in Tehran said on Wednesday that Microsoft as well as several other leading US tech enterprises are preparing to enter the Iranian market in the near future. The announcement was made by Rouhollah Estiri, the director general for international business affairs of the Directorate for Science and Technology Affairs…
Tehran investment opportunity seminar starts
First International Seminar on Introducing the Economic Development and Investment Opportunities of Tehran Province started work here Monday. President of Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaee and a number of economic officials are present in today Tehran seminar. Forty great economic projects are to be…
