Japan refiners, banks resume Iran trade
Japanese oil refiners have started oil payments to Iran through the Asian country’s largest lender, the Bank of Tokyo-Mitsubishi UFJ (BTMU) which has resumed transactions with Iranian banks, a report says. Tokyo lifted sanctions against Iran last month after a landmark nuclear deal with the Islamic Republic went into effect….
What Iran achieved through recent contracts with European companies?
Trade and working agreements that were signed between Iran and a host of European companies during a recent European tour of Italy and France by Iranian President Hassan Rouhani have important strategic achievements, which have been missed in most media analyses. Some critics, who have described such contracts as a…
Iran, Russia sign investment protocol on economic projects
Iranian Deputy Economy Minister Mohammad Khazaei and his Russian counterpart Sergei Storechak in a meeting here on Tuesday signed an investment protocol on joint economic projects between Iran and Russia. The 15-clause protocol anticipates opening of governmental export credit for economic and industrial projects. The Iranian and Russian deputy economy…
Japan keen on making investment in South Azadegan oil field
A senior Iranian official said here on Monday that Japan’s Marubeni Company is keen on making investment in South Azadegan Oil Field. Talking to IRNA, Managing Director of the Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji Hossein-Nejad said the Japanese company also has held several negotiations with Iranian officials…
Italian market open to Iranian products
President of the Italian Trade Agency Riccardo Monti said on Tuesday that Italian market is open to Iranian products. He added that reopening of the Iranian market is a unique opportunity for business, which will be beneficial to both nations. Monti said that 57 Italian oil and gas companies active…
Iran exports $400m machine-made carpet in the year to March 2016
Deputy minister of industry, mines and trade said on Wednesday that the exports of machine-made carpets will hit $400 million in the year to March 20, 2016. On the sidelines of inauguration of five industrial projects in Kermanshah, Mojtaba Khosrotaj put the value of machine-made carpet exports in the past…
Italian company to help Iran develop railway network
Italy’s state-run company known as Ferrovie dello Stato (FS) in a statement announced that it has signed an agreement with its Iranian counterpart to develop Iran’s railway system. The agreement was signed by Abbas Akhoundi, Iran’s minister of transport, and Graziano Delrio, Italy’s minister of infrastructure, during a four-day visit…
Iran offers ‘huge opportunity’ for Irish exporters: Irish Examiner
Irish exporters are missing out on a “huge opportunity” to take advantage of the newly-open economy in Iran, the head of the country’s export association has claimed. A slow response from government agencies to the lifting of economic sanctions last month has allowed others to steal a march on tapping…
Official: Tehran, Moscow set to promote economic ties
Visiting Deputy Economy Minister Mohammad Khazaei said the ground is properly prepared for expansion of economic relations between Iran and Russia. Talking to IRNA, Khazaei reiterated that he had discussed the ways for expansion of relations with Russian officials during the past two days. Pointing to his meeting with his…
Envoy: India deems Chabahar port as important
Indian Ambassador to Tehran underlined the importance of Iran’s Sistan and Balouchestan province, especially Chabahar port city, for his country. ‘Sistan and Balouchestan province, particularly Chabahar port city, is of special importance for India and it is an important linking path,’ Saurabh Kumar said. Kumar said that Chabahar has suitable…
