TEHRAN – Iran has become resourceful in production of thermally modified wood, thermowood, thanks to the efforts made by Mazand Choob Aria (MCA) Co. With an initial investment of $14 million, the company has made strides in acquiring thermowood production technology from Finland. On the sidelines of a visit of a Finnish delegation to the […]

TEHRAN – Iran has exported 1.2 billion cubic meters of gas to Iraq since late June, Shana reported quoting the managing director for the Iranian Gas Transmission Company, Saeed Tavakoli, as saying on Saturday. According to Tavakoli, Iran has agreed to export up to 25 million cubic meters of gas to Baghdad on a daily […]

TEHRAN- Imports of EU during the first nine months of 2017 from Iran hit €7.25 billion, European Union’s statistics agency Eurostat reported. In comparison with the same period in the preceding year, the figure witnessed 107 percent rise, the same report confirmed. Iran-EU trade from January to September 2017 increased 62 percent from its previous […]

Reports recount that after contracts have been concluded by Iran, Belgian, and Norwegian companies, Iranian produced LNG will be streamed to the world LNG market by early 2019. The first export-bound cargo of Iranian liquefied natural gas (LNG) will be exported at the end of 2018, BMI Research said, after a joint venture between Iran’s […]

Energy scholar at the Middle East Institute, Rauf Mammadov believe Global economy will benefit from economic integration of Iran, Russia and Azerbaijan in the important region located on crossroads of China’s One Road, One Belt Policy. Tripartite meeting of the Iran, Russia and the Republic of Azerbaijan’s leaders was held in Tehran on Nov 2. […]

TEHRAN  – Iranian Oil Minister Bijan Namdar Zanganeh said the French energy giant Total can leave a multi-billion dollar gas deal with the Islamic Republic only if the United Nations Security Council imposes international sanctions against Tehran. Speaking to reporters after his meeting with Deputy Prime Minister of the Republic of Uzbekistan Alisher Sultanov on […]

TEHRAN – The spokesman for the Iranian parliament’ presiding board made assurances that France’s energy giant Total will never leave its major gas deal with Tehran. In remarks released on Saturday, Behrouz Nemati said the agreement with Total has been signed and its implementation process is underway according to Iranian Oil Minister Bijan Namdar Zanganeh. […]

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. “We are reinventing the car,” chief executive Matthias Mueller said after a meeting of the group’s supervisory board. […]

Things are rarely simple in the EU’s complex bureaucracy, but the procedure for choosing new host cities for two London-based regulatory agencies after Brexit is one of its most fiendish inventions yet. European affairs ministers will decide the new locations of the European Medical Agency (EMA) and the European Banking Authority (EBA) in a secret […]

TEHRAN – Bank Sepah of Iran denied a report by an Israeli paper that Germany has imposed a credit ban on its branch in Frankfurt, saying the Iranian bank, by contrast, is enhancing its activities in Germany. In comments on Saturday, head of the international affairs department of Bank Sepah, Amir Hosseini, dismissed reports about […]