10 new planes to be added to Iran’s air fleet in weeks: Official
An Iranian aviation official said the country plans to import 10 new passenger planes to add them to its air fleet by the end of the current Iranian year (March 19, 2016). Speaking to reporters on Saturday, Mohammad Khodakarami, deputy head of Iran’s Civil Aviation Organization (CAO), highlighted the increasing…
Iran signs oil deal with European refiner as sanctions end
Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in what may be the Persian Gulf producer’s first such deal with a European company since the removal of sanctions this month. Deliveries will begin immediately, Hellenic Petroleum said in an e-mailed statement on…
Switzerland releases Iran’s frozen cash
Switzerland freed up money from Iran that was frozen in Swiss bank accounts after sanctions imposed against the Islamic Republic were lifted. A sum of $11.8 million had been stopped from leaving Switzerland after being frozen between 2007 and 2012, as part of a sanctions programme against Iran to attempt…
Iran signs oil deal with Russia’s Lukoil
Russia’s Lukoil has sealed a deal with Iran to look for hydrocarbon reserves in southern Iran. Iran says it has signed a deal with Russia’s Lukoil over two exploration projects in the country’s southwestern oil-rich Khouzestan province, reported Press TV. Hormoz Qalavand, the director for exploration affairs of the National…
Peugeot likely to finalize Iran deal Wednesday
Iran Khodro and Peugeot will likely finalize an initial deal for €500 million in joint investment in Iran during President Hassan Rouhani’s visit to France on Wednesday, a report said. Under the 50-50 joint venture, the two carmakers will produce Peugeot 2008 crossover, 208 super and 301 compact, Tasnim News…
Russia, Iran to negotiate joint venture investment in food trade
Iran is ready to cooperate with Russia on joint venture investment in seafood industry and trade. The Federal Agency for Fishery (Rosrybolovstvo) said that Russian Minister of Agriculture of the Russian Federation Alexander Tkachev in his talks with Iranian Minister of Agricultural Jihad in Tehran reviewed ways to develop joint…
OPEC output falls in December
The latest Platts survey of OPEC and oil industry officials and analysts show that oil production from the Organization of the Petroleum Exporting Countries and certain OPEC members fell in December, while Iran’s output was on the rise. Platts survey said oil production from the Organization of the Petroleum Exporting…
Poland envoy calls for expansion of economic cooperation with Iran
Polish Ambassador to Tehran Juliusz Gojlo on Sunday called for expansion of economic and trade cooperation with Iran. He made the remarks in a meeting between Polish economic and trade delegation with Alborz province Chamber of Commerce. Gojlo said that Poland has economic capabilities, especially in the field of small…
