India seeks preferential trade deal with Iran
India says it is interested in signing a preferential trade agreement with Iran when sanctions are lifted against Tehran, a press report says. “We have a good relationship with Iran. It is a good market for us in the long term,” the Economic Times newspaper quoted a “senior” commerce department…
Iran, Ecuador to expand direct trade ties
Deputy Foreign Minister for Euro-American Affairs Majid Takht-Ravanchi and Minister of Foreign Trade for Ecuador Diego Aulestia Valencia on Wednesday called for further expansion of bilateral cooperation after lifting of the “unjust” sanctions against Iran. “Formerly, the trade was possible through a third party, making it costlier; however, after removal…
Majority of OPEC members agree with Iran on output cut: Official
Majority of member states of the Organization of Petroleum Exporting Countries (OPEC) agree on a reduction in the crude oil production to keep up prices with an exception of Saudi Arabia and Persian Gulf Arab countries, said director general of OPEC and energy forums in the Iranian Ministry of Petroleum….
SACE to offer unlimited coverage to Iranian projects
Iran says Italian insurance agency Servizi Assicurativi del Commercio Estero (SACE) is ready to cover Tehran-Rome deals up to an unlimited ceiling. “The company [SACE] will return to Iran as Italy’s biggest export credit agency and is ready to insure deals in Iran to an unlimited ceiling,” said Iranian Deputy…
German investors to set up solar power plant in Kerman
German investors are planning to establish a solar power plant in Kerman and have chosen two sites for the purpose. A member of Iran Chamber of Commerce, Industries, Mines and Agriculture, Ali Shams Ardakani said during a meeting between German investing delegation and Kerman governor general that the team is…
Iran new oil contracts require foreign investor with Iranian Partner
Chairman of Oil Contracts Revision Committee in the Iranian Ministry of Petroleum said the new oil contracts lay down that foreign investors shall cooperate with a local partner in projects for development of oil and gas fields. “They will provide a great chance for the private sector in Iran,” said…
Iran Petroleum Contracts to bring more revenue than buy-back: CEO
Managing Director of the Iranian Offshore Oil Company (IOOC) Saeid Hafezi said Iran’s new contract models for investment in development of oil and gas fields can generate higher revenues compared to buy-back contracts. “The Iran Petroleum Contract (IPC) Conference was successful in achieving the objectives of introduction of contracts, potentials,…
Norwegian firm welcomes Tehran IPC conference
The representative of Kvaerner ASA, Norwegian engineering and construction services company, said the wide welcome of the Tehran IPC Conference heralds a bright future for Iran’s petroleum industry. Speaking with Shana on the sidelines of the two-day conference which was mounted by Iranian Ministry of Petroleum to introduce the terms…
Turkish investors ready to build $6bn petchem project in Iran
Managing Director of Maku Free Trade Zone said Turkish companies have expressed their interest to construct a $6bn petrochemical project in the Iranian northwestern city of Maku. ‘The Turkish investors have voiced their preparedness to fully construct the project which is estimated to cost 6 billion dollars for its construction,’…
Iran to host IPF conference in two weeks
Iran is set to host an international forum on investment in its petrochemical sector in the middle of December. “The conference will be held to introduce opportunities for investment in Iran’s petrochemical industry and to discuss available grounds for the attraction of foreign direct investment after sanctions imposed on Iran…
