Australia to open economic agency in Tehran
Australian Ambassador to Tehran Paul Foley said the country’s Minister for Trade and Investment would lead a delegation of senior company managers active in mining, trade, and industry to Iran. According to the schedule, the visit will take place in May 2016. The ambassador made the statement in a meeting…
China, Iran discussing currency swaps
The mechanism envisages payments in yuan to suppliers of commodities and services to Iran in return for the oil that Beijing purchases from Tehran, Iran’s media reported on Sunday. Majid-Reza Hariri, the deputy head of Iran-China Joint Chamber of Commerce, has been quoted by the media as saying that the…
Iran now says it needs 600 planes
Iranian officials said on Sunday that the country needs about 600 planes within the next 10 years, raising earlier estimates by around 150. “In order for the materialization of the targets set in 2026 Perspective Plan, Iran will need at least 581 planes,” said Maqsood Samani, the secretary of the…
German trade official eyes double-digit Iran export growth
A top German trade official expects a double-digit growth of exports to Iran this year, German Press Agency dpa reported Sunday. According to the head of the foreign trade department of Germany’s chambers of trade and commerce (DIHK), Volker Treier, there was a potential for a double-digit increase in German…
Iran set conditions for international oil deals
The deputy petroleum minister set five conditions for ceding development of gas and oil fields to international companies, saying that boosting Iranian industrialists’ share in the implementation of oil projects is one of expectations of the National Iranian Oil Company from foreign sides. According to Petroleum Ministry, Rokneddin Javadi added…
Korean experts to cooperate in rebuilding Iran’s telecommunication network
Iran’s Telecommunication Network Spokesman Davoud Zareian said that some of the required equipment to develop the network has been purchased and Korean experts would help Iran rebuild it. Zareian told IRNA on Monday that some of the equipment purchased in tender has been used in Razavi Khorasan, Fars and Azerbaijan…
Banks told to prepare for sanctions removal
As Iran is moving toward the much-awaited removal of international sanctions, the government has ordered bankers to be ready for the imminent opening up to the international economy. Valiollah Seif, the governor of the Central Bank of Iran (CBI), in a meeting with top bankers on Saturday emphasized that they…
Iran to develop export terminals
Secretary of the Supreme Council of Iran’s Free Trade, Industrial, and Special Economic Zones, Akbar Torkan announced that the government policy is to develop export platforms and terminals and to select free zones based on export approaches. On the sidelines of the first export transportation conference on Sunday, Torkan said…
New plan for Iran gas exports to Caucasus region
Iran is planning to export its gas to Armenian border, then Georgia will receive Iran’s gas there, managing director of National Iranian Gas Company (NIGC) said. Ali Reza Kameli told IRNA that the plan will be implemented according to talks between Iranian and Georgian officials. However, exports of gas to…
