According to the Managing Director of Iran Power and Water Equipment and Services Export Company (SUNIR) Bahman Salehi, the firm has also agreed to form a joint working group with Kazakhstan’s Exploration Company.

In a meeting with the Chairman of Kazakhstan’s National Geological Company Galym Nurzhanov, the two sides agreed on joint ventures in mines sectors.

Noting that Kazakhstan is the biggest economy in the Central Asia, Nurzhanov said his country enjoyed coal, manganese, chrome, lead, zinc, copper and many other kinds of mineral resources.

He also underlined establishment of a joint company for extraction operations in mines.

Salehi told IRNA after the meeting that the two sides are to announce their capabilities and capacities for mining cooperation in a few days.

A member of Iran’s Chamber of Commerce, Industries, Mines and Agriculture Naser Riyahi said on Tuesday that four Austrian banks have voiced readiness to enter into the Iranian market.
Oesterreichische Kontroll Bank (OKB) is to insure the activities of Austrian investors in Iran, he said.

He told IRNA that the agreement was signed in the presence of the presidents of both countries and the company headquarters would be established in Anzali Port Special Economic Zone.
Other branches of the company would be in Kazakh Port of Aktau, border terminal of Inche Boroun in Iran and Bandar Abbas port city in south Iran to facilitate export and import of goods between Central Asian countries and Kazakhstan.
Saeedi underlined that development of cooperation in the field of land, sea and rail transportation is of great importance to Iran.
He underlined that Kazakhstan is located in the golden route of world trade and economy and such cooperation may help Kazakhstan gain to access free waters, Persian Gulf and Oman Sea in order to export its mineral products to other countries of the world.

During Renzi’s two-day visit to Tehran, Iran and Italy will ink various strategic agreements and witness a new chapter in their oil cooperation.

Renzi’s Tehran visit is taking place at the invitation of Iranian President Hassan Rouhani.

The 250-member delegation that will accompany Renzi in Tehran travel include some representatives from Italian oil, gas and petrochemical corporations.

Some Italian companies have been active in Iran’s oil projects, including South Pars and Darkhovin oil fields, since last year.

Under sanctions, Iran and Italy witnessed halt in their relations, while after removal of anti-Iran sanctions on January 16 the two countries have opportunities for resumption of bilateral ties.

He made the remarks in a meeting with Minister of Agricultural Jihad Mahmoud Hojjati here on Sunday.
Schmidt said that unions and companies of the two countries may can joint meetings and exchange their experiences in a bid to prepare the ground for scientific investment.
He added that in different working meetings issues related to sustainable development of agriculture sector, seeds, food processing and security will be discussed.
Considering Orumiyeh Lake situation, Schmidt expressed hope that there would be more cooperation between the two countries in the field of preserving water resources.
A memorandum of understanding on cooperation in livestock sanitation and veterinary was signed in the presence of the two agriculture ministers of Iran and Germany.

Managing director of Company hoped that the ground for the project would be broken in May.
Referring to his talks with a German company producing solar cells and panels, he said that the first phase of the project with a credit of 170 million euros will be undertaken in a 200-hectare area in Special Economic Zone.
During the meeting, the special zone’s potentials and regulations were also reviewed, he said.
he noted that the firm has so far engaged in similar projects in Germany, India, Nigeria, Tunisia, South Korea and Bangladesh.
This Special Economic Zone is located in the vicinity of International Airport.

He made the remarks after a meeting with his Iranian counterpart Bijan Zangeneh.
He also announced his country’s programs to invest in other Iranian industrial projects.
‘India is prepared to contribute to the development of Chabahar and I will travel to the Chabahar Free Zone on Sunday to survey the situation,’ Pradhan said.
Iran-India cooperation is currently in several strategic fields and it is no longer restricted to oil imports, he said.
He further noted that he has held fruitful talks with governor of Central Bank of Iran Saturday and Indian oil debts to the country will soon be paid off.
He expressed pleasure with his talks with Zangeneh, saying that they reached agreement on cooperation in various projects such as Farzad B Gas Field development plan.
In times of sanctions on Iran, India imported 20 percent of oil needs from Iran to stand second client for Iran’s crude oil.

The Federation of Indian Chambers of Commerce and Industry (FICCI) in a statement said a strong private sector presence is being ensured by FICCI under the leadership of Y.K. Modi, Past President FICCI and Executive Chairman, GEECL and private sector players like the Essar Group, Reliance Industries Ltd, L&T, John Energy and Deepak Nitrite.
To re-energise trade in the Oil, Gas & Petrochemicals sector between India & Iran, a high-powered delegation will be visiting Iran on April 9-11, it said.
‘His visit is in sync with our energy security imperatives and is extremely important from the perspective of foreseeable growth in India’s economic activity and crude oil & gas import requirements,’ read the FICCI statement.
The three-day visit would primarily focus upon ‘re-engaging with the resource-rich Iranian upstream, downstream & petrochemicals companies, to fuel India’s vast energy requirements’.
‘We are hopeful that the discussions will enable the two regions to revive the economic relationship that has been disrupted in the last two years due, compelling India to break the traditional economic ties. This re-engagement with an old ally in a geopolitically sensitive area will not only counter-balance our strategic interests in the area but also help in ensuring Energy Security,’ the statement added.
Due to abundant oil & gas endowment and geographic proximity, Iranian oil & gas sector is bound to act as a catalyst to boost the bilateral trade between the two regions. Iran will be equally interested to lock in Asian energy market on a long-term basis as the Western countries have successfully reduced their imports, through unconventional energy sources such as shale gas and strengthening renewable, it said.

He made the remark in a meeting with Deputy Minister of Industry, Mine and Commerce and Head of Iran Trade Promotion Organization Valiolah Afkhami-rad in Tehran on Friday.
An Italian economic delegation is to visit Iran on April 12 to clinch a number of economic deals with Iranian companies in various sectors, he said.
Italy is to give a clear message to the world that they have entered into executive phase of joint economic cooperation with Iran, he said.
Representatives from Italian insurance companies and banking sectors will visit Iran and have full command on current projects in Iran, he said.
Italy impatiently waits to start business cooperation with the Iranian companies, he said.
Afkhami for his part said the Trade Promotion Organization spares no effort to broaden economic cooperation between Iran and Italy.
Iran’s Chamber of Commerce, Industries and Mines can play a very positive role in establishing economic relations with Italian companies during their presence in Iran, he said.
Iran backs the active role of the private sectors in broadening economic cooperation inside the country, he said.