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Iran publishes terms for joint venture investment in oil industry

On November 14, 2015, Posted by , In News, With No Comments

Iran published terms for joint venture investment in oil industry, according to the Oil Ministry news website, Shana. Oil Ministry official in charge of devising the new model, Mehdi Hosseini, told Shana that more than 85 sophisticated programs including seminars, expert sessions and lectures were arranged with top experts for…

Iran to unveil 4 Caspian oil development projects: CEO

On November 7, 2015, Posted by , In News, With 1 Comment

Iran is going to unveil four projects related to oil fields in its Caspian Sea waters, said the managing director of the Khazar Exploration and Production Company (KEPCO). “Four exploration, production, and development projects including development of Sardar Jangal field will be introduced to participants of the upcoming Iran Petroleum…

Italy willing to invest 4b euros in Iran

On November 4, 2015, Posted by , In News, With No Comments

Iranian Mines and Industries Development and Renovation Organization (IMIDRO) announced on Wednesday managers of Italian firms Denali and Fata have presented plans for 4 billion euros investments in Iranian steel and aluminum industries. Managers of the two Italian firms have made their investment proposals in separate meetings with Iranian Minister…

Italian forums on post-sanctions Iran Trade matchmaking in Rome, Milan

On November 3, 2015, Posted by , In News, With 3 Comments

Rome and Milan hosted economic forums aimed at introducing Iran’s trade potential and opportunities to Italian entrepreneurs and companies in the post-sanctions era on October 28 and 30. The forums were sponsored by the Italian committee of the International Chamber of Commerce and the commerce chambers of the two countries….

Western businesses ready to invest in Iran: British businessman

On November 3, 2015, Posted by , In News, With No Comments

Press & PR Manager at Worlds’ Travel Market exhibition Paul Nelson welcomed the increase in Irans’ participation at the exhibition this year and also said western businesses ready to invest in Iran. Following is the full text of interview with Paul Nelson with IRNA: Q. What has been the fruit…

Economy minister underlines need for foreign investment in Iran

On November 3, 2015, Posted by , In News, With No Comments

Minister of Economic Affairs and Finance Ali Tayyebnia said Tuesday that Iran needs foreign investments to reach a proper economic growth. Tayyebnia was speaking during a gathering of Iranian ambassadors to foreign countries and envoys to international organizations in Tehran. ‘We expect Iranian ambassadors to introduce Iran’s investment capacities to…

Central Bank: Recession of Iranian economy over

On November 3, 2015, Posted by , In News, With No Comments

Central Bank of Iran said on Monday that the recession of Iranian economy was over in the year 2014 when the negative economic growth turned into positive. According to the CBI, the official economic growth of the four seasons of the country in the Iranian year 1393 (March 20, 2013…

German Firms Ready for Resumption of Iran Ties

On November 3, 2015, Posted by , In News, With No Comments

Deputy Minister-President of the German state of Bavaria and Minister for Economic Affairs, Media, Energy and Technology Ilse Aigner said the German firms including Bavarian companies will not miss the opportunity to resume their ties with Iran as soon as the sanctions are lifted. “We are after restarting the relations…

Iran prepares to open up to foreign oil companies

On November 3, 2015, Posted by , In News, With No Comments

Iran is expected to outline the terms of new oil contracts this month that will allow foreign companies to take stakes in one of the last cheap and accessible oil and gas reserves in the world. Mehdi Hosseini, who heads Iran’s oil contracts revision committee, said Iran will welcome feedback…