TEHRAN  – European aviation giant Airbus has voiced readiness to fund the country’s purchases of passenger planes, Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh said. Airbus, the French-Italian aircraft manufacturer ATR, and American aviation giant Boeing have already approached Iran to fund the purchases, Abedzadeh said on Sunday. He added that talks to […]

Iran says the United States is trying to confiscate the payments for purchases of planes thus indicating that Washington may be already drawing closer to killing an ambitious plan to rejuvenate its dilapidated aviation fleet.     Iran’s Deputy Minister of Roads and Urban Development Asghar Fakhrieh Kashan was quoted by the domestic media as saying […]

Iran says several leading oil and gas players have submitted the results of their studies over the development of one of its biggest oil prospects – Azadegan oil field.  Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), was quoted by the domestic media as saying that the companies included Total, Royal/Dutch […]

The amount of foreign investment absorbed in Iranian projects after the implementation of Iran nuclear deal in 2016 stands at $3.672 billion, CEO of the Social Security Investment Company (Shasta) said Saturday. According to Morteza Lotfi, managing director of the Social Security Investment Company (Shasta), Turkey, the UAE and Saudi Arabia were ranked first to third in […]

TEHRAN- Iran will reach a stable status in gasoline production once the second phase of Persian Gulf Star Refinery comes on stream, Oil Minister Bijan Namdar Zanganeh told IRNA on Saturday. He said the second phase is scheduled to be inaugurated by the end of current Iranian calendar year (March 20, 2018). The average daily […]

TEHRAN– Chinese energy giant CNPC could take over Total’s stake in a major Iranian gas project if the French company is forced to leave Iran over any new US sanctions, media reported. Total signed the $1 billion deal to develop the South Pars gas field this year. According to the company, the project will produce […]

TEHRAN – Iran’s largest auto manufacturer, Iran Khodro Industrial Group (IKCO), has opened production line for two new vehicles on Saturday. The Iranian Parliament Speaker Ali Larijani and the Minister of Industry, Mines and Trade Mohammad Shariatmadari visited Iran Khodro Industrial Group in order to give speeches at the inauguration ceremony for the manufacture of […]

TEHRAN – Iranian 1st Vice-President Es’hagh Jahanigiri said on Sat. that the country needs the experiences of other countries across the world if it wants to improve its economic conditions. Speaking at the second Iran’s Economy Conference currently underway in Tehran, Es’hagh Jahanigiri said that “whenever the enemies of the Iranian nation want to threaten Iran, […]

TEHRAN – The Trump administration is devising a new scheme to block planned sales by Boeing Co. and Airbus SE to Iran, a US source said. A State Department official, who asked not to be identified, said the administration would not issue export licenses for sales to Iran “unless they are convinced the aircraft will […]

TEHRAN- According to OPEC’s latest monthly report published on December 12, oil production in Iran stood at 3.818 million barrels per day (bpd) in November, falling 2000 bpd from 3.820 million bpd in October, based on secondary sources. The OPEC’s report also announced Iran’s oil output based on direct communication. It said the country’s oil […]