France is determined to preserve the 2015 nuclear agreement in the face of a hardened U.S. position as President Emmanuel Macron considers a potential trip to Iran. “Everything that’s possible” should be done to save the Iran nuclear deal, Defense Minister Florence Parly told CNews in a televised interview Sunday. That’s in keeping with comments […]
Flexible office space provider Regus has opened its first location in the Iranian capital of Tehran in partnership with Edge Business Group. The office, located on the top floor of Sayeh Tower on Valiasr Avenue, is situated in one of the city’s main commercial centres. Regus says local amenities include five-star hotels, restaurants, banks and […]
LONDON (ICIS)–Poland’s CIECH Group said on Thursday it has started importing and selling Iranian polyolefins. Through the company’s Ciech Trading subsidiary, polyethylene (PE) and polypropylene (PP) products would be sourced from three Tehran-based producers, namely Jam Petrochemical Company (JPC), Jam Polypropylene Company (JPPC) and Persian Gulf Petrochemial Industry Commercial Company (PGPICC). “Our strategy is to create a global chemical […]
For the first time since last year’s lifting of sanctions against Iran, two European banks have announced the signing of financing deals with Iranian banks, and more are ready to follow. Austria’s Oberbank and Denmark’s Danske Bank each entered into framework agreements with a number of Iranian banks on Thursday, under which they will provide […]
OPEC’s no.3 producer Iran will continue to export oil and aim to boost its global crude sales, as it is “not worried” that growing tensions with the U.S. over the nuclear deal would affect its oil flows to Asia and Europe, Saeed Khoshrou, Director of International Affairs at the National Iranian Oil Company (NIOC), has said […]
Bijan Namdar Zanganeh, the most experienced minister in the Islamic Republic of Iran, has yet again been entrusted with one of the most challenging portfolios in the Hassan Rouhani administration: the Ministry of Petroleum (MoP). Experts agree that in the past four years, Zanganeh and his team have managed to rehabilitate the petroleum sector after […]
LONDON/PARIS (Reuters) – While most London-based bankers are brushing up on their German to prepare for a move to Frankfurt post-Brexit, senior staff at French investment banks expect to say “Oui” to government pressure to bring jobs home to Paris. Most international banks in London have declared where they will move their European business in […]
Iran has shipped more than 500,000 b/d of ultra-light crude to the Far East so far in 2017 and that flow is expected to remain strong for the rest of the year as South Korea steps up its purchasing plans and other Asian end-users eye naphtha-rich South Pars condensate for its competitive price. South Korea […]
Less than two years after it returned to the international oil markets, Iran is quick to embrace the alternative of oil: renewable energy sources. The country’s Deputy Energy Minister, Houshang Fallahatian, told media that Tehran plans to add 1,000 MW of new renewable power capacity every year over the next five years. Revenues from renewables […]
Anglo-Dutch major Shell submitted the result of its survey on Iran’s second major gas field, Kish, to the National Iranian Oil Company September 12, according to Shana. The report gave no further information, but last December Shell signed a memorandum of understanding to survey the 1.
LONDON (Reuters) – Germany’s Mercedes-Benz Trucks signed a contract on Tuesday with Tehran-based automaker Iran Khodro, parent company Daimler AG (DAIGn.DE) told Reuters, laying the foundation for resuming distribution of its trucks in Iran.
Sept 10 (Reuters) – Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years, Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), said Sunday according to the oil ministry news site SHANA. Iran has been producing around 3.8 million bpd in recent months. Iranian […]
UNITED NATIONS (Reuters) – France made a new plea on Monday for the United States to preserve the 2015 Iran nuclear deal and suggested its provisions expiring after a decade could be strengthened, as U.S. President Donald Trump again criticized the agreement as “deeply flawed.”
The Europe-Iran Forum (EIF) was established four years ago to help support business diplomacy between Iran and the West. Many of the complex challenges facing Iran involve both political and economic considerations, and so they cannot be solved by policymakers or business leaders working separately. Cooperation is needed among the full range of stakeholders, and […]
VIENNA (Reuters) – Oberbank (OBER.VI) on Thursday said it had signed a deal with Iran, enabling it to finance new ventures there and making it one of the first European banks to do so since sanctions were eased.
NEW YORK/BERLIN (Reuters) – Germany will do all it can to persuade the United States not to abandon the Iranian nuclear agreement, whatever the outcome of German elections on Sunday, Foreign Minister Sigmar Gabriel said on Thursday.
A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran’s central bank president said Saturday. The contract was signed in Beijing between China’s CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif. The Iran Daily said the funds would finance water, energy […]
OSLO (Reuters) – Norway’s Scatec Solar is in talks to build its first solar power plants in Iran, its chief executive told Reuters, joining a wave of foreign energy firms looking to invest in the oil major.
Tensions between the US and UK over whether to tear up the Iran nuclear deal were exposed on Thursday when the secretary of state, Rex Tillerson, said the US viewed Iran as being in default of the deal’s expectations but the British foreign secretary, Boris Johnson, urged the world to have faith in its potential […]
Iran’s crude and condensate exports rose slightly in August as lower deliveries from key competitors like Saudi Arabia and Iraq meant there was more demand for crude from some of Iran’s main buyers.
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As Donald Trump escalates his offensive against Iran, its leaders are being bolstered by billions of dollars flowing from the east. It was the turn of the Chinese last week, as a group of Iranian banks secured $10 billion in loans from Citic Group, and Iran signed preliminary agreements worth about $15 billion with China […]