Doosan Heavy Industries lands $186m desalination deal in Iran
South Korea’s Doosan Heavy Industries & Construction Co. won a 220 billion won ($185.9 million) worth order from Iran-based Sazeh Sazan Co., to build a seawater reverse osmosis desalination (SWRO) plant in the Middle East country. The company said Monday that the deal marks the first SWRO procurement a foreign…
Ban-free Iran smashes regional equations
Ever since the victory of the Iranian Revolution in 1979, Tehran’s regional rivals, which happen to be seeking to dominate the global oil market, never relented to tense up their siege of Iran by targeting Iran’s export routs and energy links with the world; but the nuclear deal smashed all…
Iran expects economic growth of over 5% in 2016
Iran expects economic growth of more than 5 percent in 2016, the Central Bank governor said on Saturday, after lifting of international sanctions over its nuclear program. The major oil producer’s economy is still struggling and growth is close to zero but many investors are betting that restoring Iran’s links…
EU, US firms lining up to join Iran petchem projects: CEO
A deputy petroleum minister says American firms have joined their European rivals to wade into Iran’s petrochemical industry now that sanctions have been lifted. Marziyeh Shahdaei, a deputy petroleum minister in petrochemical affairs, told a meeting with senior petrochemical executives from Persian Gulf Holding Company on Monday that following the…
Taiwan to increase oil imports from Iran
Taiwan’s refiners will increase crude imports from Iran this year, paving the way for the sanctions-hit OPEC producer to regain its market share in Asia, company spokesmen said on Monday. The companies are likely to be among the first in Asia to restart trade relations with Iran after the lifting…
India can resume normal trading ties with Iran: Indian paper
India is now free to resume normal trading ties with Iran that were disrupted by US and EU sanctions related to Tehran’s nuclear program that were lifted on Saturday. India will also be able to release payments its state-owned refineries owed to Tehran for crude oil purchases that were held…
EU energy officials to visit Iran in February
The European Commission will undertake a first ‘technical assessment mission’ in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and Energy Commissioner Miguel Arias Canete said on Sunday. Late on Saturday, the European Union, the United Nations and the United States lifted sanctions…
Iran, US hold talks on direct flights
Farhad Parvaresh, Chairman and Managing Director of Iran Air, referred to the resumption of refueling at airports in Western Europe following the lifting of international sanctions. He maintained “previously, Iran Air was forced to load enough fuel to cover the outbound as well as part of the inbound sector of…
Iran, France cooperate on pharmaceutical industry
Managing Director of French Pharmaceutical Companies Association (LEEM) Pierre Sarute said on Wednesday that Tehran and Paris have already begun cooperation on pharmaceutical industry. Pierre Sarute said that Iran and France enjoyed satisfactory relations over the past two years in light of their sustainable beneficial ties in remote past. He…
