Oil, petcham products trading volume witnesses 21% growth
During weekdays ending up to 3rd of December volume and value of trading oil and petrochemical products experienced 21% and 6% of growth, respectively. According to the report from Iran Mercantile Exchange (IME) International Affairs and PR, on the domestic and export oil and petrochemical pit of IME, approximately 249,820…
Economic resilience and ‘snapback sanctions’
With the implementation of the July-14 nuclear deal with the P5+1, sanctions on Iran’s crude oil export transactions are likely to be suspended, as will embargoes on key sectors of the Iranian economy including upstream energy investment and energy-related technology transfers, auto, petrochemicals, and shipping, as well as trade in…
Iran and the European Union spent an important part of their long meeting on Sunday on reviewing the draft resolution to be tabled by the P5+1 group of world powers before the International Atomic Energy Agency (IAEA), a top Iranian diplomat told IRNA. [Iran, EU discuss draft IAEA resolution] ‘There were decisions made so that everything will move in the direction of implementation of the (nuclear) Joint Comprehensive Plan of Action (JCPOA),’ Deputy Foreign Minister Abbas Araqchi who is also chairman of the JCPOA Follow-up Headquarters said after meeting EU Deputy Foreign Policy Chief Helga Schmidt in Vienna. ‘The meeting took two and half hours,’ said Araqchi who participated in the negotiations also attended by Majid Takht-Ravanchi, deputy foreign minister for Europe and America. To a question suggesting that the new report by IAEA chief has ambiguities which can leave Iran’s Past Military Dimension (PMD) case open, he replied, ‘The (resolution of) Board of Governors (of IAEA) will decide whether to close the case or not.’ ‘Although the IAEA report has failed in making a final assessment in certain sections, its assessment is very clear. It says Iran’s activities did not go beyond research.’ ‘The IAEA’s admitting that Iran did not move beyond research level rejected the claims which have been heard in the last 12 years.’ Iran and 5+1 are scheduled to meet on Monday in Vienna.
Iran and the European Union spent an important part of their long meeting on Sunday on reviewing the draft resolution to be tabled by the P5+1 group of world powers before the International Atomic Energy Agency (IAEA), a top Iranian diplomat told IRNA. ‘There were decisions made so that everything…
MasterCard preparing to set foot in Iran
Global payment operator MasterCard Incorporation is preparing to penetrate into the Iranian market as soon as the sanctions against Iran are lifted, the country’s media reported on Saturday. Tasnim news agency reported that MasterCard has launched a channel in instant messaging app Telegram through which it sends posts in Persian…
Sweden ready for cooperation with Iran: Minister
Sweden Minister of Enterprise and Innovation Mikael Damberg on Sunday voiced his country’s readiness for further cooperation with Iran in various fields such as mines, trade, telecommunications and modern technologies. He made the remarks in a meeting with Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh. He said…
Minister calls for enhanced cooperation with Sweden on IT
Minister of Communications and Information Technology Mahmoud Vaezi said on Sunday that opening up credit lines and finance by Sweden would serve to develop economic cooperation with Iran, particularly on the area of information and communication technology. Vaezi made the remarks after a meeting in Tehran with visiting Sweden’s Minister…
Italy eying triple rise in Iran exports
Italy says it expects to triple its exports to the Islamic Republic of Iran once the Western-imposed sanctions on the country are removed. ‘Iran will be the good news of 2016 for Italy,’ Carlo Calenda, Deputy Minister of Economic Development told the Italian online news agency Agenzia Giornalistica Italia (AGI)….
Zangeneh: Iran, Sweden to work together in petchem, energy sectors
Minister of Petroleum Bijan Zangeneh said Iran and Sweden are to cooperate in such areas as energy consumption, petrochemical projects and making machinery and equipment. In a meeting with Sweden’s Minister for Enterprise and Innovation Mikael Damberg here on Sunday, Zangeneh expressed hope that the removal of unjust sanctions against…
NPC, BASF in talks over Mega joint venture
An official from Iran’s National Petrochemical Company (NPC) has said his company is in talks with the major German chemical producer BASF for a giant joint investment project. According to SHANA, Vice-President of the company Mohammad Hassan Peyvandi said, “In the negotiations with foreign firms, we stress on joint production…
Iran can attract $70bn in petrochemical projects: Wood Mackenzie
A new report released by a global research and consultancy group says Iran is capable of attracting USD 70 billion of investment in its petrochemical projects. According to Wood Mackenzie, a global energy, metals and mining research and consultancy group based in Edinburgh, Scotland, the Islamic Republic is bent on…
