Market inclined to low prices: Iran

A senior Iranian oil official said predicting the changes in global crude prices is ‘quite difficult’. ‘This is despite the fact that market indices, including supply and demand, speak of a bearish market in the coming months,’ Mohsen Qamsari, head of international affairs of the National Iranian Oil Company (NIOC),…

Mahan Air flight to Moscow

Iranian private airline Mahan Air will launch direct flights to Moscow from next week, Iran’s Ambassador to Russia Mehdi Sanaei said. On January 21 Mahan Air will launch direct flights between Moscow and Tehran with a frequency of one flight per week, Sanaei said in a Russian-language blog post on…

Iraqis expect Iran to become an economic superpower

Head of Iraqi Chambers of Commerce Syndicate said here on Saturday that nuclear agreement was result of efforts and resistance of Iranian nation and government as well as Supreme Leader’s wisdom as Iraqis expect Iran to become an economic superpower. In an interview with IRNA on the sidelines a conference…

Call for expansion of Iran airlines in post sanction era

Minister of Roads and Urban Development Abbas Akhundi here on Saturday urged Iranian airlines to expand their fleet during post sanction era. Akhundi made the remarks in a meeting attended by several Iranian officials of aviation industry. He also expressed hope that after implementation of the Joint Comprehensive Plan of…

Iran, Germany ink deal to boost agricultural cooperation

High-Ranking officials from Iran and Germany signed a memorandum of understanding (MoU) to develop cooperation between the two countries in various areas of agriculture. In a meeting in the German capital of Berlin on Saturday, Iranian Agricultural Jihad Minister Mahmoud Hojjati and German Agriculture Minister Christian Schmidt signed the MoU…

BMI, Int’l Persia Bank to resume activities in Britain

The London-based daily Times in its Monday edition wrote that Bank Melli of Iran (BMI) and International Persia Bank have been issued license from the Bank of England in post-JCPOA era and will soon begin banking functions. The BMI and the International Persia Bank are now negotiating with the HM…

China is Iran’s strategic partner: Minister

Minister of Economic Affairs and Finance Ali Tayyebnia said China is not only a normal trade partner of Iran but also Iran’s strategic partner. Tayyebnia made the remarks during an exclusive interview with the China Central Television (CCTV). The state visit to Iran by Chinese President Xi Jinping was a…

Iran, Airbus to start talks on new passenger jets

Airbus confirmed on Monday that it was poised to begin negotiations with Iran for the sale of dozens of new commercial aircraft. The New York Times reported from London that the deal is part of a raft of international business that is expected to flow toward Tehran since economic sanctions…

Tehran, Athens to sign energy MOU during Greek PM’s Iran visit

Deputy Petroleum Minister for International and Commercial Affairs Amir-Hossein Zamani-nia said that Iran and Greece will sign an energy memorandum of understanding (MOU) during Greek Prime Minister Alexis Tsipras’ next month visit to Iran. Announcing a two-day visit of a delegation of the Iranian Petroleum Ministry’s delegation to Greece, Zamani-nia…

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…