India in talks with Iran on Farzad-B gas field
Indian Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday that India is in talks with Iran on the development of Farzad-B gas field. Pradhan said removal of anti-Iran sanctions has provided a suitable opportunity for Iran-India cooperation in energy domain. A consortium of Indian companies, comprising Indian Oil…
$70b projects carried out under sanctions
Iranian companies carried out as many as 350 petrochemical projects worth over 70 billion dollars under the sanctions over the course of the recent years, said a senior Iranian petrochemical official. Addressing a specialized panel meeting of the 12th Iran Petrochemical Forum (IPF2015), Marziyeh Shah-daei, director of projects at Iran’s…
Iran achieves self-sufficiency in overhauling offshore drilling rigs
The Iranian experts have managed to end monopoly of UK and US over in the Persian Gulf, an official said on Tuesday. Talking to IRNA, the managing director of the Bahr Gostaresh Hormoz Company, Abbas Raeisi, said the Iranian experts have attained self-sufficiency in overhauling offshore drilling rigs. ‘Since two…
Iran’s low price petchem feedstock lures European firms
The 12th Iran Petrochemical Forum was held in the Iranian capital city of Tehran, December 13-14, to introduce existing capacities of the country’s petrochemical industry to domestic and foreign investors. The forum was attended by representatives of 97 foreign companies from 25 countries as well as 368 Iranian companies. What…
80% growth in IME trading
Up to 10th of December 557 KT of commodities worth more than $150 million were traded on spot and secondary markets of Iran Mercantile Exchange (IME), indicating 80 percent growth in volume and 24 percent growth is value. According to the report from IME International Affairs and PR office, last…
Iran gov’t support needed for country’s petchem growth: SACE
Representative of Italy’s major export credit agency SACE at IPF2015 says public funds must be injected into petrochemical development projects in Iran to accelerate the industry’s growth. Giulio Dal Magro, head of heavy industries division of SACE SpA, said his company is prepared to return to Iran’s petrochemical industry after…
Post-Sanctions Iran key player in 2016 petchem market
Editorial Director of the Business Year journal said an Iran relieved of sanctions will be a major player in the regional petrochemical market in 2016. Addressing a specialized panel at the 12th Iran Petrochemical Forum here in Tehran on Monday, Christopher Copper spoke about investing in Iran’s petrochemical Industry in…
SACE to open office in Iran after sanctions lifting
Director and Head of Heavy Industries Department at SACE Giulio Del Magro said on Monday that the Italian insurance company will open up its representative office in Tehran after removal of sanctions. Talking to IRNA on the sidelines of the 12th annual International Iran Petrochemical Forum (IPF 2015), Magro said,…
Iran, South Africa to enhance cooperation in fields of agriculture, maritime industries
South African Ambassador to Tehran William Max Whitehead underlining development of economic, trade and cultural relations between Iran and South Africa and hoped bilateral cooperation would expand in different fields of maritime industries, agriculture and tourism. He made the remarks in a meeting with Deputy Governor General of Khuzestan Province…
Strong presence of foreign countries in research achievement exhibition
Foreign researchers have a strong presence in the 16th Exhibition on Research & Technological Achievements and Technology Market, says Iran’s deputy science minister for research and technology. ‘In this year’s research week, we emphasized on the presence of foreign countries for both presentation of technical products and investment, said Vahid…
