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Iran to invest in oil refinery in Spain

Deputy Petroleum Minister and Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said on Saturday that Iran is to invest in construction of an oil refinery in Spain with the capacity of refining 200,000 barrels of oil per day. Kazemi told IRNA that the project…

VWP can impact Iran tourism

Iran Daily interviewed Naser Rezaei, a leading expert from Tourism Research Center affiliated to Iran’s Cultural Heritage, Handicrafts and Tourism Organization, to learn more about the impacts of the US law on the number of tourists visiting Iran. The law has changed the Visa Waiver Program (VWP), which normally allows…

Some regional countries disturb int’l oil market notoriously

Deputy Petroleum Minister for International and Commercial Affairs said on Sunday current problems in oil market are due to notorious acts of some regional countries, which is their reaction to Iran’s regional and international successes. Speaking on Iran’s production quota in post-sanctions era, Amir-Hossein Zamani said that relying on proper…

IRAN’S PETROCHEMICAL COMMERCIAL COMPANY considers sales offices in Europe, America

Iran’s Petrochemical Commercial Company is considering plans to open sales offices in Brazil, Switzerland, Germany and the UK after the removal of western sanctions on its civilian nuclear program, the company’s chief executive said on Saturday. ‘PCC has nine offices worldwide, including in India, Germany, Singapore, the UK and South…

Call for establishing Caspian energy network

Iran can establish an energy trade zone in the Caspian Sea region to export electricity to regional countries instead of natural gas, an energy analyst said. ‘We can import natural gas from Caspian Sea [littoral states] to generate and export electric power,’ Mahmoud Khaqani, a member of the Iranian Association…

Iran, Slovenia to carry joint venture water, electricity project

Visiting Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek conferred on Sunday with Minister of Energy Hamid Chitchian on ways to carry out joint venture projects in the energy sector. Chitchian invited the Slovenian companies to cooperate in financing the water and electricity projects in the Islamic Republic of…

Iranian automakers to produce 3 mn cars a year within next 10 years

Minister of Industry, Mines and Trade Mohammad-Reza Nematzadeh said on Sunday that Iranian automakers have planned to produce three million cars a year within the next 10 years. He made the remarks in a meeting with visiting Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek. Nematzadeh said that Iran…

Iran, Italy to augment trade ties from current level of $7b a year

Iran and Italy decided to augment trade from the current level of seven billion dollars a year, Managing Director of the Islamic Republic of Iran International Fairs Joint Stock Company Hossein Esfahbodi said on Sunday. He made the remarks on the sidelines of inauguration of the Second International Italy Exclusive…

Iran to provide internet services to Afghanistan

Afghanistan Ministry of Communication and Information Technology Spokesman, Yasin Samim said that an agreement has been reached for buying Internet services from Iran. Speaking in an exclusive interview with IRNA Samim said that we signed a contract to pay $105,000 for each 10 Gigabyte. Currently Afghanistan is paying $250,000 for…

US media: Iran to receive major economic windfall as nuclear deal begins

A US online newspaper predicted huge blossoming for the Iranian economy in the wake of removal of sanctions. The Washington Free Beacon wrote “Iran’s economy is set to receive a substantial boost in the next two years as a result of billions in sanctions relief from the nuclear deal, according…