Iran to hold 17th Int’l Maritime Industries & Navigation Exhibit
Kish Island in southern Iran will be hosting 17th International Maritime Industries and Navigation Exhibit due to be held on December 22-25. Speaking to IRNA, Peyman Masoudzadeh, a member of the Association of Iran’s Marine Industries Engineering, said that some 200 domestic and foreign companies have so far registered to…
Iran, Italy sign oil MoU
National Iranian Drilling Company (NIDC) has signed a memorandum of understanding with the subsidiaries of the Italian Company ENI which will be implemented following removal of sanctions. NIDC Vice-President Mohammad-Reza Takayedi said Saturday on the sidelines of a Home-Made Oil Equipment Exhibition that the company should drill 40 wells in…
500,000 barrels of oil to be added to national oil production capacity
Karoon Oil & Gas Production Co. (KOGPC) Managing Director, Mohsen Dehanzadeh, said on Saturday that within less than one day, 500,000 barrels of oil will be added to the country’s daily oil production capacity. Dehanzadeh told reporters that increase in the output will follow successful operations to raise production of…
Dy FM: Iran welcomes foreign investments in major industries
Deputy Foreign Minister for Euro-American Affairs Majid Takht-e-Ravanchi welcoming foreign investments in Iran said that inking contracts between foreign companies with Iranian sides in the fields of energy, petrochemical, pharmaceutical and steel industry, agriculture and car manufacturing is important. According to a report by Foreign Ministry Media Department on Saturday,…
Iran underlines removal of hindrances to Tehran-Berlin ties
Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh called for removal of obstacles to way of Tehran-Berlin activities. Nematzadeh made the remarks during a meeting with his German counterpart. The meeting was held on the sidelines of the tenth World Trade Organization (WTO) Ministerial Conference in Kenya on December…
Austria ready to help Iran develop petrochem sector
Director of Austria’s Project Managers Company expressed his company’s readiness to help contribute to develop different industries in Iran, especially the petrochemical sector. Tim Busch told IRNA that his company can help Iran developing related infrastructures which is an important issue regarding attraction of foreign investment. Austrian company can help…
Iran ends monopoly of hot tapping system production
Iran put an end to the monopoly exercised by the US, Spain and Britain in producing hot tapping systems, according to an official here Saturday. Managing Director of East Azarbaijan Gas Company Valiollah Dini made the remarks while talking to IRNA. Having acheived this, he said, Iran has become world’s…
Housing market future?
The housing market is likely to pick up in the spring of 2016 after parliamentary elections, Head of Tehran Association of Realtors said. It is, however, expected to remain stable up until the end of the current fiscal year (ends March 20, 2016) as homebuyers await a semblance of “social…
CBI calls for Islamic banking roadmap
Developing a roadmap for Islamic banking is a necessity due to the challenges facing the country’s banking sector, said Valiollah Seif, governor of the Central Bank of Iran. The plan can also help boost the country’s role in Islamic banking and financing in the international arena, he said addressing a…
Russia says ready to meet for talks with OPEC
Russia, the world’s top oil producer, is ready to meet for talks with OPEC and has been awaiting an invitation, Russian Energy Minister Alexander Novak told reporters on Thursday. ‘We are ready to meet and have confirmed such a possibility… But the question is in other countries… if they agree…
