Zangeneh: Petrochem sector needs $50b investment
Minister of Petroleum Bijan Zangeneh said that Iran’s petrochemical industry needs over 50 billion dollars in new investment. Zangeneh made the remarks at the board meeting of the National Petrochemical Company (NPC). Zangeneh anticipated that the value of produced petrochemical products would hit 18 billion dollars by end of current…
Iran trade delegation off to Germany
A 60-member trade delegation from Tehran Chamber of Commerce is to travel to Germany today. The Iranian delegation is to visit Germany at the invitation of economic activists in German state of Bavaria. Located in southeast of Germany, Bavaria is the largest state in that country. Tehran’s German visit is…
Iran, Italy sign euro 1bn petrochemical MOU
Iran and Italy on Sunday signed a memorandum of understanding (MOU) worth one billion euros for cooperation in petrochemical industries. After the termination of anti-Iranian sanctions many international companies had announced readiness for presence in Iranian petrochemical industries and held talks with concerned Iranian officials, which are leading to signing…
Iran, Germany to develop cooperation on print industry
Director General of Culture and Islamic Guidance Ministry’s Department for Printing and Publishing and German Cultural attaché in Tehran Justus Kemper on Sunday discussed cooperation on print industry. Mahmoud Reza Barazesh referred to the significance of the print industry, saying that the industry enjoys high importance across the world going…
US insurer says got White House okay to cover Iranian oil cargo
A US-based insurer to the global shipping industry said it got the White House authorization to cover non-American companies shipping oil from Iran. The Office of Foreign Assets Control on February 5 “prospectively removed” the restriction that previously prevented the American Club from providing cover for Iranian cargoes, the New…
Iran issues 30-day visas for tourists from 180 countries
Foreign Ministry offices in provinces, and especially country’s international airports are directed to issue 30-day visas for nationals of 180 countries, deputy foreign minister for legal and international affairs Abbas Araqchi said on Saturday. Araqchi made the remarks in a meeting of Isfahan Governor General, mayor, head of Chamber of…
Invest in Tourism Services Integrated system (Opportunity in IRAN)
Iran Tourism Market International tourism has been increasing at about 15% each year for the last 2 years in Iran, bringing the total number of visitors just above 5 million per year and the number is expected to be increasing 25%+ annually as the sanctions have just been lifted and…
Post-sanctions Iran set to develop oil, gas industry
Deputy Petroleum Minister for International Affairs and Commerce Amir-Hossein Zamani-Nia said Iran is determined to develop its oil and gas industry because the country’s production is not proportionate with its hydrocarbon reservoirs. “Iran’s oil industry needs investment, technology and management transfer in the industry’s various sectors in the post-sanctions era,”…
Iran says Russia has unique opportunity to invest in tourism, agriculture
The recent lifting of the sanctions imposed by world powers against Tehran and its reemergence on to the global market provides a great opportunity for Moscow to invest in Iranian industries, including tourism and agriculture, the adviser to the president of the Organization for Investment and Economic and Technical Assistance…
Russian expert: Don’t miss Iran’s market
The director of a Russian company urged Russian companies to try hard not to miss Iranian post-sanctions market. Speaking in a conference called ‘post-sanctions Iran and its prospects for Russian economic circles’, Kril Gromov said that Russian companies should get a share in Iran’s market in 6-9 months. Meanwhile, Olga…
