Automakers from six countries to enter Iranian market
The spokesman for Iran’s Auto Policy-Making Council, a regulatory body under the Ministry of Industries, Mines and Trade, told reporters on Monday that companies from Austria, France, Germany, Italy, Japan and Turkey will be present in Iran’s auto market, Fars News Agency reported. The official added that companies from Japan…
Iran energy sector requires massive foreign investment
Although Iran ranks first in the world in terms of energy reserves and potentials, to tap and develop them it requires multi-billion-dollar investments. “Currently, in the absence of such an investment, we have to make optimum use of the resources,” said Mansour Moazzemi, the head of the Energy Committee of…
Iran exports electricity to Oman via undersea cable
Deputy Energy Minister for Electricity and Energy Affairs Hoshang Falahatian said on Tuesday that exporting electricity to Sultanate of Oman is planned by the Ministry and it will be transmitted via undersea cable. He told reporters that Iranian national grid has been connected to neighboring countries with common borders with…
Iran, Danish entrepreneurs sign Mou to broaden economic cooperation
Iranian and Danish entrepreneurs signed on Tuesday a Memorandum of Understanding (MoU) to broaden economic cooperation between the two countries. The MoU was signed between Deputy Chairman of Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in charge of international Affairs Mohammad Reza Bakhtiari and Danish director general for…
Afghanistan seeks annual import of 1.2 mt of oil products from Iran
Petroleum Minister Bijan Zangeneh said that Afghanistan is ready to purchase one million tons of gasoil and 200,000 tons of LPG from Iran each year. Talking to reporters after a meeting with Afghan Trade and Industries Minister Humayun Rasa, he added that negotiations over prices of the products are still…
Declining oil price is a golden opportunity: Vice Speaker
Majlis Vice-Speaker Mohammad-Hassan Abutorabifard said on Wednesday that the current downward trend in the price of crude oil is a golden opportunity for Iran’s economy not a threat. Speaking at a conference on resistive economy here he said, “A country which was run by 100-dollar oil price per barrel is…
Japan’s Cosmo Oil eyes increased Iranian crude imports
Japanese refiner Cosmo Oil is looking at the possibility of buying more crude from Iran once sanctions on the Islamic republic are lifted and is also ‘actively’ looking into crude imports from the US, company president Hisashi Kobayashi told Platts in an interview Tuesday. Speaking on the sidelines of a…
Iran not to offer further oil discounts: Official
Iran would not offer further discounts to draw customers into its oil market, Mohsen Qamsari, director general for international affairs of the National Iranian Oil Company (NIOC) told Reuters by telephone on Tuesday. He also said, ‘We will be more subtle in our approach and may gradually increase output. We…
Indian ambassador calls for boosting ties with Iran
Indian Ambassador to Iran Saurabh kumar said on Wednesday that post-sanctions era is an unparalleled opportunity for promoting Iran-India ties. Talking to IRNA on the sidelines of India-Iran Friendship Association, he called on Tehran and New Delhi to take practical step in line with further development of relations. Iran-India Friendship…
Afghan chief executive arrives in Chabahar
Chief Executive Officer of Islamic Republic of Afghanistan, Abdollah Abdollah arrived in Chabahar, the capital of Sistan-Baluchestan Province. Abdullah was welcomed on his arrival in Chabahar airport by Sistan and Baluchestan governor, officials, Ulema and local seniors. Chabahar is a free port (Free Trade Zone) on the coast of the…
