China is Iran’s strategic partner: Minister

Minister of Economic Affairs and Finance Ali Tayyebnia said China is not only a normal trade partner of Iran but also Iran’s strategic partner. Tayyebnia made the remarks during an exclusive interview with the China Central Television (CCTV). The state visit to Iran by Chinese President Xi Jinping was a…

Iran in oil talks with Norwegian, Swiss-German firms on oil reserves

Head of Reservoir Studies and Field Development Department of the Research Institute of Petroleum Industry (RIPI) said on Sunday that talks were held with Norwegian and Swiss and German companies to smartify oil wells and horizontal drilling in thin, low permeable layers. Mohammad Karamati said that strengthening cooperation with major…

Russia sees possibilities for Russia-Iran cooperation in energy, agriculture, defense

Removing sanctions against Iran can contribute to the development of the Russian-Iranian cooperation in a number of areas, including energy, agriculture and the military-industrial complex, an official with Russia’s Central Bank told TASS. ‘Lifting the sanctions against Iran, on the one hand, it may contribute to the development of Russian-Iranian…

Cooperation with Czech Republic will accelerate economic growth

East Azarbaijan Governor General Esmaeil Jabbarzadeh said on Tuesday that cooperation with Czech Republic will help fulfillment of economic objectives. Jabbarzadeh made the remarks in a meeting with Czech Minister of Industry and Trade Jan Mladek. He said that East Azarbaijan province’s capacities are widescale and that many efforts were…

Petronas to resume cooperation with Iran

Malaysia’s fully integrated petroleum corporation, Petronas, on Wednesday announced that it will purchase oil from Iran after three years of gap in cooperation with the country. Petronas President & CEO, Wan Zulkiflee Wan Ariffin, said on Wednesday that each barrel of oil can be sold for about 30 dollars on…