Iran-Total deal in petchem to reap $2bn investment
Deputy Minister of Petroleum Marzieh Shahdaie says agreement with French Total Company in the petrochemical sector will result in $2 billion investment. Ministry of Petroleum on Tuesday quoted Shahdaie as saying, “In case of a final agreement, Total will invest up to two billion dollars in Iran’s petrochemical industries.” Outlining…
Three Iranian banks to open branches in Munich
Three Iranian banks have told Bavaria’s economy minister that they plan to open branches in Munich to help stimulate more business ties with German firms, the Muenchner Merkur newspaper reported on Sunday. Middle East Bank, Parsian Bank and Sina Bank have received approval from Iran’s central bank to set up…
