Iran, Russia underline development of economic cooperation

Chairman of of Iran-Russia Joint Economic Commission Mahmoud Vaezi and Minister of Energy of the Russian Federation Alexander Novak agreed to continue consultations for development of mutual economic cooperation. Vaezi who also serves as Iran’s Minister of Communications and Information Technology, is in the Russian cultural capital to attend the…

Foreign companies welcome investment in NIOTC

Managing Director of National Iranian Tankers Company (NITC) Seyed Pirouz Moussavi said on Thursday that foreign companies have welcomed investment in the NITC. Moussavi said new oil contracts will cause development of Iranian giant oil industry. The official said once the new oil contracts have been enforced, the National Iranian…