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…
Lukoil, Total negotiating with Iran for development of oil fields
Managing Director of National Iranian Oil Company Rokneddin Javadi said on Saturday that Russian Lukoil and French Total are involved in negotiations with NIOC on development of certain oil fields. ‘China is strategic partner of Iran to develop oil field and after sanctions, NIOC will continue cooperation with Chinese companies,’…
Commander: Iran Navy guarantees maritime security, economy
Navy Commander Rear-Admiral Habibollah Sayyari said on Saturday that Navy guarantees maritime security and economy security for merchant ships in line with the International Law of Sea. He said that the Navy of the Islamic Republic of Iran is present in the international seas serving safety of sea transportation from…
New Iran oil contracts unveiled in presence of 137 int’l companies
Some 137 companies from various countries attended an international conference in which new Iranian oil contracts were unveiled at the Oil Ministry on Saturday. The conference which was held in Saturday in Tehran received the broad attention of the international oil and gas companies to an extent that some major…
Stability, Security areadvantages of investment in Iran oil industry
Head of Majlis Energy Committee Ali Marvi said on Saturday that stability and security of Islamic Iran are the advantage of foreign investment in Iranian oil industry. He made the remarks in his statement to the Seminar on Introducing new IPC oil contract. Marvi said the basic conditions for oil…
