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…

Iranian trade delegation to embark for S. Africa on Monday

TEHRAN- Trade Promotion Organization of Iran will dispatch a trade-marketing delegation to South Africa on September 12 to discuss opportunities for bilateral economic cooperation. According to the portal of the organization, members of the delegation include representatives of economic enterprises and companies active in the fields of exports of technical…

Iran to implement carmaking contracts with German companies soon

Minister of Industry, Mine and Trade Mohammad Reza Ne’matzadeh said on Tuesday that the contracts signed with German companies in the sector of automobile will be carried out soon. Ne’matzadeh made the remarks in meeting with Deputy Prime Minister and Minister of Economy of Bavaria State in Germany Ilse Aigner….

Iran, South Korea to develop IT cooperation

Iran and South Korea have signed a memorandum of understanding to develop cooperation on information technology and communication. The MoU was signed by South Korean Minister of Science, ICT and Future Planning Choi Yang-hee and Iranian Minister of Communication and Information Technology Mahmoud Vaezi on Wednesday. The two countries signed…

Iran’s finance ministry, Exim Bank of China sign MOU

TEHRAN – The Iranian finance ministry and the Export-Import Bank of China (Exim Bank) inked a memorandum of understanding on financing economic and infrastructure projects and expanding bilateral cooperation as well. The penned accord embraces roads, ports, transportation, power plants, telecommunications, industrial estates, oil and gas, healthcare, agriculture and tourism…

Call for expansion of South Korea-Iran economic ties

South Korean businessmen are keen on expanding economic relations with Iran thanks to Iran’s huge industrial and mineral capacities, South Korean Ambassador to Tehran Kim Sung-ho said in this western province on Tuesday. Speaking in a local gathering, the diplomat added Iran is considered as a reliable country for South…