The deal was signed on the sidelines of a joint meeting between Iranian and Italian businesses in Tehran to discuss joint ventures and cooperation in a ban-free Iran.
Accordingly, the two sides agreed to educate manpower and form petroleum research centers in Iran and the neighboring countries.
The MoU stresses partnership with renowned Iranian companies in formation of the factories, Shana reported.
This was the second meeting of Iranian and Italian industrialists.
During the meeting Deputy Petroleum Minister for International Affairs and Commerce Amir-Hossein Zamani-Nia said that Iran’s objectives for participation of Italian firms in its oil industry are attraction of capital as well as transfer of technology and management knowledge.
He referred to the recent visit of President Hassan Rouhani to Italy and France and said that it was significant and meaningful since it followed implementation of the nuclear Joint Comprehensive Plan of Action (JCPOA).
“Italian and Iranian firms and business people in the field of oil, gas and energy optimization are scheduled to meet on Wednesday,” he added, “Iran now has the right to select its partners in the oil projects.”
Italian ambassador to Tehran, for his part, said that President Hassan Rouhani’s visit to Rome was a success adding that Italy wants to establish a regional hub of oil industry equipment through Iran’s cooperation.
“Italian firms want to have an effective presence in the oil markets of Iran and the region and to establish a kind of oil equipment hub here to gain the regional market,” Mauro Conciatori told participants of the joint meeting.
“Today, some 300 economic activists representing 200 established Italian companies are present in the second meeting of the two countries’ economic activists,” he said.

Delrio made the remarks on the sidelines of Iran-Italy Economic Commission in Tehran.
He told reporters that one-way export is not on the agenda of Italy and that the Italian industrialists are looking for joint venture production.
Delrio said that bilateral cooperation level is high and excellent in light of different dimensions of economic ties.
He said that upon schedules the two countries will cooperate in the sectors of roads construction, railway, airport and ports.
The Italian minister said that many bilateral agreements will be signed with Iran and the figure is expected to reach several billion euro.
A 310-member Italian business delegation from 197 companies arrived in Tehran on Monday.

“To develop the joint fields and enhance recovery of oil reservoirs as well as secure development targets, we need investment totaling 200 billion dollars,” he told reporters on Tuesday in a press conference to mark the 37th anniversary of the victory of Islamic Revolution in Iran.
“The new oil contract models were devised with the objective of materializing this target by signing of new contracts,” he added in a Shana report.
He divided the required investment in the upstream sector of the oil industry to 130 billion dollars and for the downstream sector including in the petrochemical, renovation and construction of new refineries at 70 billion dollars.
“To develop our oil industry, our domestic resources are not sufficient,” Zangeneh said, “Therefore, we have to think to provide it through foreign resources and be after acquiring of technology.”
The minister also said that the 1979 Islamic Revolution was a divine grace when nobody could imagine that Iran can be an independent nation that can decide on its fate.

Greek Newspaper ‘Ethnos’ wrote on Saturday edition that Tsipras will meet with senior Iranian officials to discuss bilateral, regional and international issues during his 2-day visit.
Ethnos wrote that the two civilized nations of Iran and Greece have always maintained their friendly relations and have presented valuable cultural and scientific services to the world.
One of important element which makes development of strategic relations necessary between the two countries is the longstanding reciprocal respect between the two nations, the daily said.
The Greek daily said that Greece tried to develop Greek relations with Cyprus and Egypt and now intends to expand its strategic ties with Iran, which is an influential and powerful country in the region.
Ethnos said that during Tsipras visit to Tehran agreements on housing and road construction, food products, agricultural products, tourism, medicine and pharmaceutical industry, trade and foreign exchange and banking ties and cultural relations development will be signed.
Minister of Foreign Affairs Nikos Kotzias, Minister of Environment and Energy Panos Skourletis, Minister of Economy, Development and Tourism Giorgos Stathakis and Deputy Foreign Minister Dimitris Mardas as well as 50 Greek industrialists, businessmen are accompanying the premier to Tehran.

In a meeting with the head of Fars province Industry, Mines and Trade Department, Ali Hemmati, he referred to his visits to industrial units of Fars Special Economic Zone, industrial townships and the global heritage of Persepolis, saying that Fars province has numerous commonalities with Barcelona and there are a lot of areas for cooperation.

Hemmati, for his part said that grounds are prepared for the Spanish companies to invest in the solar energy sector in Iran, including Fars province.

He further noted that investment in joint brand and package technology and joint market of Iranian and Spanish companies in Fars province will pave the way for boosting of bilateral economic and commercial ties.

Referring to Fars province’s capacities in industrial, mineral and agricultural fields, he said that the province is prepared to meet the needs of Spain for pistachio, nuts, saffron, pomegranate and fig.

Hemmati further noted that Fars province despite its suitable capacities, needs to modernizie its technology and machinery.
Port of Barcelona, the second-most populated city in Spain, is considered among the most significant ports in the Mediterranean Sea.

Head of Mashad Hand-Woven Carpets Union Hadi Makhmali expressed hope that the ground could be properly paved for exporting more carpets in the future.

Pointing to the removal of sanctions against Iran, he said some measures are underway for facilitating the process of exporting carpets abroad.

Meanwhile, the first consignment of Iranian carpets has found its way into the US market in Los Angeles after Iran and the P5+1 group of countries started implementation of their nuclear agreement.

According to a report published by the Los Angeles Times on Friday, the consignment was discharged from US Customs last week putting an end to years of waiting by carpet dealers in the United States to get their hands on Iranian masterpieces.

According to the dealer, the rugs are being sold for between USD 10,000 for a smaller rug and USD 100,000 for a fine, large one.

Najafi told IRNA that a project on construction of a big park in west of Tabriz in this northwestern Iranian province is among the important projects cooperated by the foreign investors.

To attract foreign investment is among the priorities of the Tabriz Municipality, he said.

The Organization of Islamic Cooperation (OIC) has elected Tabriz as OIC City of Tourism for 2018 .

Masoud Shirin Kalam, who is in charge of tourism, economy and arts affairs in Iran’s Chamber of Commerce, told IRNA on Saturday that officials working in related areas are holding constant sessions to discuss the issue.

He noted that those who are planned to visit Iran as tourist guides based on international conventions will act as good envoys to promote Iranian culture in a bid to absorb tourists.

Noting that the sixth development plan pays special attention to tourism both in private and government sectors, he hoped for removal of restrictions facing promotion of tourism industry.

Speaking to Iran Daily, Majid Namjou said his society is the founder of renewable energies in Iran.

“The society was set up 22 years ago. Since then, it has implemented a large number of projects in the field of renewable energies none of which have been complementary to each other or pursued a common goal.”

He, who will also head the conference, added by holding the event, the society mainly aims to compile a roadmap for developing the country’s renewable energy sector.

“We seek to identify all those who are involved in this sector in Iran and assign them a constructive, positive and parallel role in this framework of the roadmap.”

Namjou said by this, the society intends to create synergy among the sector’s players and help them work collaboratively and harmoniously towards making maximum use of the country’s clean and renewable energies.

The roadmap will help orchestrate and organize scattered efforts and sundry measures, he stressed.

“Another goal of the conference is to promote the culture of using renewable energies among Iranians. All Iranian households are required to be able to use solar energy at their place of residence.”

The society’s head noted among the other objectives of the conference is to identify the sector’s strengths, weaknesses and opportunities as well as the threats it is [or will be] faced with.

“We have done our best to have the consultation of academics and all those involved in Iran’s public and private renewable energy sectors.

He listed the conference’s four main axes as making new policies in the sector, encouraging investment in domestic renewable projects, promote the use of renewable energies in industrial and construction sectors and reducing carbon sequestration.

Namjou invited domestic experts and academics to submit the abstract of their articles that are related to the event’s axes, to the secretariat of the conference.

“A scientific committee will select top articles to be presented at the conference. Authors of the chosen articles will be provided with facilities for taking part in the event. In addition, top articles will receive awards at the end of the confab. We expect the articles to help us resolve problems faced by the country’s renewable energy sector and promote the use of these energies.”

He stressed that this conference will mark a beginning for holding other similar events in the coming years. The next edition of the conference, to be held in the year to mid-March 2017, will turn into an international event in which foreign experts and their articles will have greater participation and will be given a more significant role.”

Higher number of domestic firms, involved in the sector, will take part in the next edition of the conference, Namjou said.

“In the light of Iran’s improved condition in the post-sanctions era, we are required to attach greater value to the country’s enormous capacities in the field of renewables, particularly solar energy.”

He said given that Iran enjoys favorable sunshine almost 300 days per annum, each Iranian household can regularly use solar energy at home during the year.

Following a 3-day visit of President Hassan Rouhani to Italy on January 25 and signing of several cooperation agreements between Tehran and Rome, the delegation is to visit Iran.
Delrio in an interview with AGI news agency on the eve of his visit to Tehran said that Iran’s strategic and geographical situation is an important gate to Afghanistan, Pakistan, Caucasus and all Central Asian states and Italy is also a gate to Europe in the Mediterranean area.
Delrio added that the visit is of great importance because following negotiations and signing of cooperation MoUs between the two countries, the time has come to take more steps in direction of cooperation between Iranian and Italian companies.
‘We have prepared a series of files concerning infrastructure sector where Iran intends to invest a lot.’
Iran wants to strengthen its infrastructures including constructio of 10,000 kilometers of railways and thousands of kilometers of highways, bridges and airports.