Austria Signs Major Finance Deal with Iran
TEHRAN (Tasnim) – Austria's Oberbank signed a credit deal with Tehran to boost exports to Iran, the first European lender to do so since anti-Tehran sanctions were lifted following the 2015 nuclear deal between the Islamic Republic and world powers.
Iran Says $50bln Investment Needed to Develop Oil Production
TEHRAN (Tasnim) – Iran’s oil minister said there is need for about $50 billion in investment to develop the country’s oil output.
Iran Eager to Work with German Entrepreneurs
TEHRAN (Tasnim) – An Iranian minister expressed the country’s willingness to develop a close partnership with German entrepreneurs and industry leaders.
Iran’s Crude Oil Output to Hit 4mln bpd in Coming Months: Official
TEHRAN (Tasnim) – CEO of the National Iranian Oil Company (NIOC) Ali Kardor said the country’s oil production would reach 4 million barrels per day (bpd) by the end of the current Iranian year (March 20, 2018).
Iran Offers Help for Bolivia in Developing Gas Industry
TEHRAN (Tasnim) – Iran’s president highlighted the great potential for cooperation with Bolivia in the gas industry, saying Iranian experts are ready to carry out various gas exploration and production projects in the Latin American country.
No Problem in China’s Payment for Iran Petrochemicals: Official
TEHRAN (Tasnim) – An Iranian deputy oil minister said minor issues impeding the payments Iran receives from China for the export of petrochemicals have been resolved.
Iran’s Crude Exports to S Korea Rise by 40% in August: Report
TEHRAN (Tasnim) – South Korea’s imports of Iranian crude oil rose by 40.2 percent in August compared to the same period last year, a report said.
Iran Begins Exporting Handicrafts to US, Europe, Official Says
TEHRAN (Tasnim) – Iran has recently begun exporting handicrafts to some western countries, including the United States and Britain, an official with the country’s Cultural Heritage, Handicrafts and Tourism Organization (ICHTO) announced on Saturday.
Iran’s Petchem Firm Eyes Exporting Polyethylene to Southeast Asia
TEHRAN (Tasnim) – A senior official with Iran’s Amir Kabir Petrochemical Company (AKPC) said the firm aims to export 5,000-8,000 mt/month of polyethylene to Southeast Asia in 2018 with Vietnam expected to be the main target market.
Iran Inaugurates Hydroelectric Power Plant in Western Province
TEHRAN (Tasnim) – Iran inaugurated the first unit of a new hydroelectric power plant in the western province of Kermanshah that increased the country’s nominal capacity to produce electricity to more than 77,100 megawatts (MW).
Norway's Energy Firm Says in Talks to Build Solar Power Plants in Iran
TEHRAN (Tasnim) – The CEO of Norway’s Scatec Solar said the company is in negotiations to build its first solar power plants in Iran.
Iran, China Ink $10bln Finance Deal
TEHRAN (Tasnim) – The CITIC Trust, a major Chinese investment company, signed an agreement with five Iranian banks to open a $10bln line of credit to support construction projects in the Islamic Republic.
US Ban on Aircraft Sales to Iran Breach of JCPOA: Velayati
TEHRAN (Tasnim) – Ali Akbar Velayati, an international adviser to the Leader of the Islamic Revolution, described a recent decision by the US to block sales of commercial aircraft to Iran as a clear violation of the 2015 nuclear deal between Tehran and world powers.
Iran, Venezuela Discuss OPEC Output Cut, Global Oil Market
TEHRAN (Tasnim) – Oil ministers of Iran and Venezuela met in Tehran to discuss the implementation of an OPEC agreement to reduce output and the current circumstances in the global oil market.
Iran Signs MoU to Repair Syria’s Power Grid
TEHRAN (Tasnim) – Iran has signed a memorandum of understanding (MoU) with Syria to repair the Arab country’s power grid, a report said.
Ukraine’s Imports from Iran Up 30%: Official
TEHRAN (Tasnim) – The president of the Chamber of Commerce and Industry of Ukraine said the Eastern European country’s imports from Iran increased by 30 percent in 2016 compared to a year earlier.
Iran Khodro, Germany’s Mercedes-Benz Ink Contract to Launch Joint Venture
TEHRAN (Tasnim) – Representatives of Iranian automobile manufacturer Iran Khodro Company (IKCO) and the German automaker Mercedes-Benz signed a contract to launch a joint venture.
Ukraine Eyes Boosting Agricultural Trade with Iran
TEHRAN (Tasnim) – A Ukrainian official said the country’s Agrarian Policy and Food Ministry expects the volume of Kiev’s agricultural trade with Tehran to increase to $1 billion by the end of 2017.
Iran’s Oil Exports to Europe, China Grow in August: Report
TEHRAN (Tasnim) – Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said.
