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Pakistan ready with last part of LNG pipeline link to Iran

Chairman of Pakistan’s Oil and Gas Development Company said that his country is ready to complete the short final pipeline spur that would enable it to import natural gas from Iran once sanctions are lifted. “In the very near future we expect delegations from the two countries to meet,” the…

Post-sanctions Iran ready to attract petchem investments

Iran’s petrochemical industry is ready to attract new domestic and foreign investments in a bid to boost completion of its development projects, said a board member of the National Petrochemical Company (NPC). “The current setting in Iran’s petrochemical industry has created a promising prospect for investment which is a precious…

Airbus says in contacts with Iran

Airbus says it has made contacts with Iran to re-enter the country’s aircraft market which has a potential order list for 500 commercial planes. “We have made some contacts, yes,” the Financial Times quoted head of Airbus’s passenger jet unit Fabrice Bregier as saying. Iran has been on the radar…

French, Swiss cement factories keen on cooperation with Iran

Deputy Head of Employers Association of Cement Industry Morteza Lotfi said on Wednesday the French and Swiss companies are willing to come to Iranian cement market and sign contracts with Iranian partners. Lotfi said that Holcim Company from Switzerland and Lafarge from France have expressed readiness for cooperation in cement…

Electricity technology export alternative to oil, gas revenues

Export of technical-engineering services in electricity sector stand at $30 billion a year an alternative for the oil and gas revenues, Deputy Energy Minister Hooshang Falahatian said on Wednesday. Speaking to reporters on the sidelines of the 12th International Energy Exhibition, Falahatian said that Iran’s exports of technical-engineering services in…

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…

CBI governor: Iran’s frozen assets to be released next week

Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that Iran has $30 billion of frozen assets outside the country that will be unblocked next week immediately after the removal of anti-Iran sanctions following the implementation of Iran nuclear deal. Noting that good news is to…

500 truck-loads of Iranian food and fruits exported to Russia last week

Head of Tehran Chamber of Commerce Masoud Khansari said on Tuesday that 500 truck-loads of Iranian food products and fruits were exported to Russia over the past week. The Ministry of Agricultural Jihad has proved that it is working with the private sector to clear hurdles before expansion of relations…

Iran, Slovenia to enhance cooperation in oil industry technology

The Iranian Ministry of Petroleum will support expansion of technical cooperation with Slovenia, said a deputy minister. This is to facilitate transfer of technology to Iran, Hossein Zamani-Nia told Shana after his meeting with the Slovenian Economy Minister Zdravko Počivalšek in Tehran. “In this meeting, we discussed increasing cooperation in…

Agriculture minister urges expansion of Iran-Slovenia agricultural cooperation

Minister of Agricultural Jihad Mahmoud Hojjati underlined expansion of agricultural cooperation between Iran and Slovenia and said considering geographical location of the country, it can facilitate trade between Iran and Europe. He made the remarks in a meeting with visiting Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek here…