‘Following the implementation of the JCPOA Iran can regain its position as the main regional player in the energy sector,’ Mohammad-Reza Moghadam told the fifth international conference on Emerging Trends in Energy Conservation– ETEC 2016 – on Monday.
‘We should use the post-sanctions era to bring in new technologies,’ Moghaddam added.
He said that Iran currently employs ordinary methods to extract oil and gas from its reserves which caused lowest co-efficiency.
We should employ more sophisticated methods for optimum level of production from our energy reserves, he said.
The 5th International Conference on “Emerging Trends in Energy Conservation – ETEC 2016” is co-organized by Iranian Fuel Conservation Organization and the Tehran-based Economic Cooperation Organization.
Started today, the international conference will work for two days.

Sassan Qorbani further remarked that during the two events four letters of understanding for cooperation between Iranian spare parts manufacturers and spare parts associations of Turkey, France, Britain and India will be signed.
Also, he added, during the conference the Renault Company will hold a session with the Iranian spare parts manufacturers for developmental planning of its products.
He said during the conference speakers from Volvo, Scania, Renault, Daimler and Sichuan will deliver speeches while companies such as Isuzu, Nissan, Toyota and Volkswagen will be present at managerial level.
Qorbani referred to the upcoming 2016 Geneva Auto Show, the third biggest show in the world, presence of different auto manufacturers from Iran is considered a success.
He said in addition to the two major domestic auto manufacturing companies, six more companies will attend the Geneva Auto Show and are likely to sign letters of understanding.

Talking to IRNA, Ralph Giese who is an advisor to Germany’s Kowotest Company said that given the improving industrial situation in Iran, he was keen for growing trade exchanges with Iran.

He made the remarks on the sidelines of the third international conference on non-destructive testing which is generally referred to as NDT.

His company is located in the city of Langenfeld in Germany.

He also said that Iran really needed better equipment and machinery.

The one-day event was held as a joint program by Iran’s center for NDT inspections, Ministry of Petroleum and a number of universities.

‘Iran’s share in exporting such goods as chemical and mining products, fuel, tar, heavy machines and automobiles, too, is very insignificant,’ Abbas Khaleqitabar told IRNA.

He added that the existence of a large market as Russia to the north of Iran provides a golden opportunity for the Iranian goods, especially for exports of agricultural products and foodstuff.

The Business Training Center’s top official said that the growing Iran-Russia relations, halting of Turkey’s exports to Russia and termination of the anti-Iranian sanctions have joined hands to provide a good opportunity for Iran to export a variety of goods to Russia.

Khaleqitabar, meanwhile, said that easing the customs’
procedures aimed at boosting the bilateral trade with Russia is a dire need of today and therefore the concerned officials are helping to provide for the establishment of a green corridor for this purpose.

‘We welcome Iranian companies’ participation in the Iraqi market,’ al-Daraji replied to IRNA during a joint press conference with Nematzadeh in Baghad on Thursday.
The Iraqi minister was upbeat over outcome of the negotiations with Nematzadeh and said Iran’s assistance to reconstruction of Iraq’s industrial units was discussed during the talks.
The Iranian minister echoed al-Daraji’s statement and said it was agreed that two countries will exchange delegations to follow up implementation of the agreements.
‘We are ready to provide Iraq with our industrial experiences. During the meetings, the needs were reviewed. We encourage the private sectors in Iran and Iraq to joint investment projects,’ Nematzadeh added.
Prior to the press conference, he met Iraqi Prime Minister Haider al-Abadi in which deepening of bilateral cooperation in industrial, commercial, and joint investment projects was stressed.
The Iranian minister, who arrived in Baghdad on Wednesday to promote bilateral relations, met Chairman of Iraq’s Supreme Islamic Council of Iraq Seyed Ammar Hakim earlier on Thursday.
He also met governor of Iraq’s National Bank, and his Iraqi counterpart on Thursday and visited industrial projects including a factory assembling Iranian automobiles.

British expert in legal affairs Guy Martin in an article published in Friday edition of the Financial times which began with the above statement finds fault with the British government’s lack of the required vigor for securing the British nation’s interests in Iran at least as good as the French, the Italian and a handful of other European countries’ governments.
A priority for the FCO must be the negotiation of a Bilateral Investment Treaty (BIT) — a crucial mechanism affording legal protection to investors should they encounter difficulties.
France, Italy and Germany have all concluded BITs with Iran. Second, nearly six months after reopening, the British Embassy in Tehran still does not have a visa office. Iranian businesspeople have to fly first to Istanbul to obtain a visa to enter the UK, providing a further obstacle to encouraging trade ties.
A final point: there needs to be positive and coordinated messages from both the FCO and the Treasury on Iran. While the FCO is in theory giving the green light, the Treasury’s advice is a maze of technicality that British businesses may struggle to comprehend without specialist legal advice.

Hassan Shamshiri said a delegation from the company is to visit Iran to explore a joint venture with an Iranian gas refinery.

He said the refinery also used to collaborate with Siemens in designing and equipping its units but had to postpone cooperation due to sanctions.

With the removal of sanctions, he added, these two companies are planning to return to the country.

He also said the refinery is going to work with a Russian company which is an expert in construction of gas sweetening units using latest technologies.

The official made the remarks when accompanying reporters in a visit to Jam Gas Refinery which is located in the Persian Gulf province of Bushehr.

Its eight units have the capacity of processing 125 million cubic meters of gas per day.

Simoneli said that GE has activities in many important industrial fields such as oil, gas, electricity, road construction, airplane and hospital equipment.
Komeijani said that Iran welcomes joint venture investment in oil, gas, mines industries, manufacturing sector and services for domestic consumption and possibility to export to regional markets.
He said that Iran’s new government and the Central Bank of Iran are obliged to observe monetary and financial discipline in a bid to reduce inflation and increase growth rate of the national economy.
The Iranian official said that there is bright prospects for Iran’s economy in year 2016 and that the International Monetary Fund (IMF) and the World Bank have anticipated growth around 5.5 percent.
Meanwhile, directors of foreign exchange department of CBI presented a report about foreign investment regulations and role of banking system to facilitate the joint venture investment.
The London-based GE Oil & Gas firm is originally an American company active in production of drilling equipment and oil refinery as well as manufacturing under-sea pumps.
During the sanctions, General Electric could receive authorization from US government to sell medical equipment to Iran.

Japanese delegation led by Mr. Katsuyuki Kawai, Special Advisor to the Prime Minister Shinzo Abe is visiting Iran and has opened a special credit line for Iran. Ali Tayebnia, Iran’s Minister of Economy announced the news of a $10bn credit line on Tuesday after talks with Japanese delegation.
He promised the agreements would be immediately presented to Parliament and the Cabinet for further addressing, MNA said. He also invested much hope that with Iranian banking system resuming connection to international SWIFT exchange system, Iran and Japan would accelerate the pace of economic cooperation.
Tuesday meeting addressed mainly Iran’s development projects financing by Japanese side. Tayebnia reportedly welcomed Japanese superior technology and investments coming to Iran especially the public welcome to Japanese products in auto-making industry and special attraction Japanese car brands had for Iranian market. “Naturally, the first priority for us is to enable domestic firms to work and manufacture jointly with foreign prestigious companies,” Tayebnia told reporters.
Mr. Katsuyuki Kawai for his part, addressed the meeting where he welcomed rapid improvements in economic ties with Iran; “Japan’s public and private sector hails participation in Iranian projects of railroad and road transport, environment, agriculture, finance, research and laboratory, power plant and petrochemical projects, and industrial manufacturing,” he added.
“A visit by Mr. Tayebnia to Tokyo earlier this month was historic since it secured a credit line which is unprecedented in Japans promises to any foreign country; I am pleased to visit Mr. Tayebnia within two weeks. Tokyo is serious in implementation of the agreements in shortest of time, and recent visit by Mr. Shinzo Abe the Prime Minister will also seek this objectives,” he said.

He was speaking during the opening ceremony of a meeting in Oslo to explore cooperation opportunities between Iran and Norway.

Norway boasts very good capacities in different industries, including maritime industry, oil and gas, nuclear safety and renewable energies, Takht-Ravanchi said, adding that Tehran welcomes the presence of Norwegian companies in Iran that he said can open a gate to the regional market.

He said that presence of representatives from Iranian state-owned and private companies in his accompanying delegation indicates the eagerness on the Iranian side to cooperate with Norwegian companies.

The meeting was attended by representatives from 150 Iranian and Norwegian companies.