TEHRAN- Indian government plans to set up a panel of secretaries on development of the Iranian southeastern port of Chabahar. The panel will look into issues related to easing of financial terms and other contractual issues, in order to make the project more lucrative for private investors which New Delhi plans to attract for assisting […]

TEHRAN – Hamid Baeidinejad, Iran’s ambassador in London, said British companies are interested in Iran’s market and call for expansion of economic ties with the country, IRNA reported. The Iranian envoy made the remarks after the British-Iranian Chamber of Commerce, Industries, and Mines (BICCIM) annual reception and dinner at the House of Commons in London […]

TEHRAN- Iranian Transport Minister Abbas Akhoundi and Russian Energy Minister Alexander Novak discussed the ways to expand cooperation between the two countries in economic, industrial and energy sectors, IRNA reported. In a meeting with Akhoundi in Moscow on Friday, Novak, who is the Russian head of Iran-Russia Joint Economic Committee, emphasized the importance of boosting […]

TEHRAN – Iranian and Russian companies are mulling over cooperation for development of 10 oil and gas fields in Iran, IRNA reported on Saturday, quoting a National Iranian Oil Company (NIOC) official. According to Seyed Saleh Hendi, the director for exploration in NIOC, the company has signed multiple memorandums of understanding (MOUs) with Russian companies […]

TEHRAN – Some renowned Russian companies are discussing cooperation for joint implementation of oil and gas projects worth $1.5 billion in Iran, Reuters reported quoting a Russian oil official. According to Roman Panov, Rosgeologia’s chief executive officer, the State-owned company is in talks with Zarubezhneft, Gazprom Neft and Lukoil on joint investment in Iranian projects. […]

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian and Azerbaijani Economy Minister Shahin Mustafayev discussed the ways to boost economic cooperation between the two countries in different sectors. In a joint press conference after their meeting in Baku on October 26, Karbasian said: “Fields of cooperation between Iran and Azerbaijan have fortunately increased and […]

TEHRAN- Iranian Transport and Urban Development Minister Abbas Akhoundi and Russian Minister of Construction Housing and Utilities Sector Mikhail Men signed an MOU on construction of houses on Thursday. The two sides, in Moscow, agreed on exchange of experience in housing sector and construction of houses in major cities, IRNA reported. According to the Russian […]

TEHRAN- Iran’s crude oil exports for October are set to stand at 2.09 million barrels per day (bpd), Reuters reported quoting a person with knowledge of the country’s tanker loading schedule. As reported, the country’s crude exports are set to fall 480,000 bpd from 2.57 million bpd in September. However exports to Japan are set […]

TEHRAN- Iran is ready to supply 1000-3000 megawatts of electricity to Pakistan if Islamabad signs an agreement with Tehran, according to Iranian Ambassador to Pakistan Mehdi Honardoost. He made the remarks on Thursday when visiting Islamabad Chamber of Commerce and Industry (ICCI), The Nation reported. The Iranian envoy said Iran’s gas pipeline (IP) project could […]

TEHRAN  – Iran’s total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, a source said. Crude and condensate exports for October will be 2.09 million bpd, the lowest since March 2016, down from 2.57 million bpd in September dented by production […]