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Iran opens talks with Siemens, Rolls-Royce on energy investment

Iran is stepping up the search for overseas investment in its energy infrastructure after talks with Siemens and Rolls-Royce that point to the gradual opening of the country’s economy following the lifting of international sanctions. Hamid Chitchian, Iran’s energy minister, met representatives of both companies in London last week to…

Total explores investment in Iran’s Parsian energy zone

TEHRAN – Representatives of the French oil giant Total visited Parsian Energy Intensive Industrial Special Economic Zone in Iran’s southern province of Hormozgan to explore investment capacities, Shana reported on Saturday. In a meeting, Hassan Shahrokhi, director of the zone, and the French company’s envoys discussed the projects with the…

Iran plans first tender to draw $12 billion green investment

Iran is planning its first tender for utility-scale renewable-energy projects by year end as it begins a green power build out that could draw $12 billion of investment by the time it’s complete. The nation wants to install 5 gigawatts of renewable energy in the next five years and an…

Greece, Iran consider oil, LNG, renewable projects

Greek Environment and Energy Minister Panos Skourletis and Iranian Deputy Foreign Minister for Europe and America Majid Takht-Ravanchi agreed to expand energy cooperation between the two countries, noting the big potential in this area, the Greek ministry said in a press release. At a meeting that also included Iran’s ambassador…

British association to construct 1,000 MW solar plant in Iran

TEHRAN- The British Photovoltaic Association (BPVA) will construct a €1.5-billion solar plant with the capacity of 1,000 megawatts in Iran, the association’s chairman of the board Reza Sheibani announced, Shana news agency reported on Friday. BPVA is the National Trade Association of the UK solar photovoltaic industry. It is a…

Iran, German central bank presidents meet in Frankfurt

Iran’s Central Bank Chief Valiollah Seif discussed issues of mutual interest with President of the Deutsche Bank Jens Weidmann on Wednesday. The two officials discussed ways to enhance banking cooperation during their meeting in Frankfurt. Seif also had a meeting with presidents of AKA Bank and DZ Bank. He is…

Tehran, Athens underscore developing cooperation

Promotion of Iran-Greece economic cooperation was discussed in a meeting on Tuesday by visiting Deputy Foreign Minister of Iran Majid Takht-Ravanchi and Greek Minister of Economy, Development and Tourism Giorgos Stathakis. Takht-Ravanchi is currently in Athens for an official visit upon an invitation by Stathakis. Addressing a meeting of the…

Hammond: London to host a meeting to regulate banking ties with Iran

British Foreign Secretary Phillip Hammond said on Tuesday that a meeting will be held in London later in the day to regulate banking ties with Iran. Hammond made the remarks in his statement to the House of Commons. Hammond said that representatives from Central Bank of Iran (CBI), the US…

British credit agency to finance Iranian water, power projects

TEHRAN- Iran’s Ministry of Energy and UK Export Finance (UKEF) signed a memorandum of understanding (MOU) in London over financing Iranian water and electricity projects, IRNA reported on Wednesday. The MOU was penned on Tuesday by Director General of Health, Safety and Environment Department of the Iranian Energy Ministry Bahram…

Iran welcomes sharing scientific, research studies with Bulgaria

Head of Atomic Energy Organization Ali Akbar Salehi said on Tuesday that Tehran welcomes sharing scientific and research studies with Bulgaria. Zarif made the remarks in a meeting with visiting Bulgarian Prime Minister Tomislav Donchev and Bulgarian Energy Minister Temenuzhka Petkova. Salehi said that Iran’s Atomic Energy Organization has broadened…