Pakistani minister: Iran gas pipeline best option
Pakistani Minister for Petroleum and Natural Resources Khaqan Abbasi has said that Iran gas pipeline project remains the best option for Pakistan. Mr. Abbasi and Energy Minister Khawaja Mohammed Asif on Tuesday inaugurated a two-day seminar in Washington, highlighting business opportunities in the clean energy sector in Pakistan, according to…
Iran boosts recovery from Reshadat oilfield
Iran’s Offshore Oil Company (IOOC) has boosted extraction of crude oil from Reshadat oilfield by 4,500 bpd. The boost has come after downhole operations at four of the field’s wells were finalized, said Abbas Rajab Khani, an IOOC official responsible for the field. He said launching the CR-10 development well…
Croatian oil firm welcomes Iran new approach to foreign investment
Representative of the Croatian oil firm INA said convention of the Iran Petroleum Contract (IPC) Conference in Tehran on November 28-29 was a new and positive move by the National Iranian Oil Company (NIOC) toward international companies. “My feeling is that the conference is desirable progress and demonstrates the new…
Official: Iran offers land to Lebanese investors to build hotel
Head of Trade Development Organization of Iran (TDOI) Valiollah Afkhamirad said that Lebanon has made good progresses in the field of tourism, hotel building and travel services, adding that Iran is ready to offer necessary lands to Lebanese investors to build hotel at Tehran International Fairground. He made the remarks…
India expresses interest in preferential trade agreement with Iran
India has evinced interest in signing a preferential trade agreement with Iran once international sanctions on the Persian Gulf nation are lifted. This will be India’s first trade agreement with a country in West Asia and offer it a foothold to tap other markets in the region, reports the Economic…
IPC conference wraps up
Representatives from 137 petroleum firms attended the Iran Petroleum Conference (IPC) in Tehran from November 28-29. The participants were introduced with the outlines of a new model of contracts that the Islamic Republic will be offering after the removal of Western sanctions. Iran pitched 52 oil and gas development projects…
Dutch firm to organize IPC review workshop in Europe
The Amsterdam-based Philip Sidney company said it is planning to hold a workshop in Europe on reviewing Iran’s new oil and gas contracts models for interested parties in Europe. Talking to Shana on the sidelines of the Iran Petroleum Contract (IPC) Conference in Tehran, the firm’s representative Gert Demmink said…
Iran-Hungary economic commission to convene after 12 years
Minister of Industry, Mines and Trade, Mohammad-Reza Nematzadeh said on Monday that the first Iran-Hungary economic commission will convene after 12 years of halt. He made the remarks on the sidelines of his meeting with visiting Hungarian Foreign Minister and Commerce, Peter Szijjarto. Speaking to reporters, he said Iran-Hungary joint…
Small German firms hold edge in Iran
Despite the international sanctions that have choked off much of Iran’s foreign trade, many German companies have continued to do business here—legally—in recent years. Now those companies are likely to be among the first to benefit from the country’s expected reopening, after a U.S.-led deal in July to ease the…
Belarus keen to increase ties with Iran: Envoy
Belarus keen to increase ties with Iran, Belarusian Ambassador to Iran Victor Ribak said on Monday. He made the remarks in a meeting with the Mayor of Tabriz Sadegh Najafi. The envoy added that Belarus and Iran relations are developing. Volume of two countries’ joint investment has been more than…
