Gov’t supports private sector in all economic fields
First Vice-President Eshaq Jahangiri underlined that President Hassan Rouhani’s government supports the country’s private sector in all economic domains. ‘The government supports the presence of the private sectors in all economic areas, specially tourism sector,’ Jahangiri said, addressing the opening ceremony of five-star Espinas Palace Hotel in northwestern Tehran. He…
Iran, Canada launch into 1st oil coop.
An IOOC official said a Canadian company has been put in charge of studying the economic justifiability and feasibility to implement the development project of Binaloud oilfield. Head of Technology and Research at Iranian Offshore Oil Company (IOOC) Javad Rostami said IOOC has placed studying over this field on agenda…
India to raise oil imports from Iran after removal of sanctions
An economic Iranian official said here Monday that India is to increase its oil imports from Iran as soon as the anti-Iran sanctions are lifted. India is ready to import Iran’s oil as much as it was in the pre-sanctions era, Marziye Riahi, head of Iran’s energy working group delegation…
Envoy: Oman to cooperate with Qeshm Island on oil, gas swap, tourism
Oman Ambassador to Tehran Saud bin Ahmed Khalid al-Birwani said on Sunday that Omani government is willing to develop economic cooperation with Hormuzgan province on oil and gas swap and tourism. He made the remarks in a meeting with managing director and senior officials of Qeshm Free Zone Organization. The…
Iran gets $5bn credit line from Hermes Euler
The German Euler Hermes credit institution has agreed to establish a $5 billion credit line for Iran, Mohammad Khazai deputy minister of economy said Saturday. The credit is to be granted over 2-3 years. Hermes had previously guaranteed some loans for Iran but the country was unable to meet its…
Golden age of gas on the horizon
Iran is endowed with 18 percent of the most easily accessible world natural gas reserves, which is the answer to the sustainable energy for the 21st century, replacing coal and oil. Today’s low energy, mineral and other commodity prices are expected to stay stagnant until the end of the decade….
Iran, India can double economic exchanges
Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia said here that Tehran and New Delhi have enough capacity to double the current volume of economic exchanges. The remarks were made on Sunday evening at a banquet in honor of the visiting Iranian finance minister. Formation of economic cooperation councils…
Standard discount in post-sanction oil prices
Oil Minister Bijan Namdar Zangeneh said that the Iranian oil sector in the post-sanctions era will offer routine discount as others do. In an exclusive interview with IRNA here on Sunday, he made the remarks in response to a question about the claim of “attractive discounts” Iran is said to…
