ROME/ANKARA (Reuters) – China is financing billions of dollars worth of Chinese-led projects in Iran, making deep inroads into the economy while European competitors struggle to find banks willing to fund their ambitions, Iranian government and industry officials said. Freed from crippling nuclear sanctions two years ago, Iran is drawing unprecedented Chinese funding for everything […]
America’s politics are mired in dysfunction and division. Much of the focus is on economic questions, and much of the heat is generated by the culture wars; but real wars—and America’s role in them—are part of the debate too. While this debate preoccupies America, the world is changing, and rapidly. We have entered a new […]
Washington (CNN) Some of the US’s closest allies, the UK, Germany and France, who have been growing increasingly frustrated after months of lobbying to keep the Iran nuclear deal intact, have formed a united front. Without being invited, they’ve organized a joint team to travel to Washington this week, setting up their own meetings to ramp […]
Iranian steel billet has been quietly gaining acceptance in the global market because of its attractive prices compared to material from other suppliers. In the first half of the current Iranian year (March 21-September 22, 2017), billet shipments from the country rose 25% year on year to 1.60 million tonnes, according to the Iranian Steel […]
SEOUL, Nov. 21 (Yonhap) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience store operator. The launch of the store in Tehran came about four months after the company signed an agreement […]
Muscat: Ithraa, Oman’s inward investment and export promotion agency, held a one-day workshop at the Public Authority for Civil Aviation (PACA) Training Centre, to explore the opportunities and challenges Omani exporters face with doing business in Iran. Iran remains an attractive target for Omani businesses, with highly favourable cross-sector opportunities. Home to a burgeoning middle […]
The aim is to turn the war-scarred plant into a producer of quality fuel so Iran doesn’t have to rely on imports At the Middle East’s oldest oil refinery, giant, yellow-brick silos that stored Iranian crude and fuel products are mottled by bullet marks from the war with Iraq in the 1980s. One has a […]
BEIRUT (Reuters) – Iran does not have a problem obtaining financing for its aircraft deals and the delivery of purchased aircraft is on track, its deputy transport minister Asghar Fakhrieh Kashan said on Saturday, according to state media. The state news item noted that an Iranian media outlet, which it did not name, had reported […]
German firm ABO Wind has started constructing a 1.3MW solar PV project at Saidabad, Semnan province, in northern Iran. The project will use more than 4,100 PV modules and is due to come online by the end of the month. “We are well on schedule with our first Iranian project,” said Florian Lüders, ABO Wind’s […]
In an unusual move, Total’s press office issued a series of tweets on Tuesday in order to correct an apparent mischaracterization of the company’s position on its planned USD 4.8 billion gas deal in Iran. A piece published by CNN Money on Tuesday, and later echoed by Reuters, suggested that Total was “rethinking” its comittment to Iran in light of […]
Global shifts in the energy system Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services-oriented economy and a cleaner energy mix in China, and the resilience […]
VIENNA (Reuters) – Iran has remained within the main limits on its nuclear activity set by its 2015 deal with six world powers, the U.N. atomic watchdog said in its first report since U.S. President Donald Trump decertified Iranian compliance with the terms. Iran undertook to curb its uranium enrichment programme in return for relief […]
Iran’s Arvandan Shipbuilding Company and Netherlands’ Damen Shipyards signed a memorandum of understanding (MoU) for cooperation in shipbuilding industry, reports Trend News Agency. The deal envisages cooperation in manufacturing advanced offshore vessels in Iran, the Iranian company announced in a statement. The cooperation will include technology and the transfer of know-how to Iran while employing […]
SAMARKAND, Uzbekistan (Reuters) – Senior officials from the European Union and Iran spoke up on Friday in defense of the agreement limiting Tehran’s nuclear program, as the pact comes under heavy pressure from U.S. President Donald Trump. The nuclear deal was “a major achievement of European and international multilateral diplomacy”, EU foreign policy chief Federica […]
The rising issuance of various Islamic sukuk and, in particular, Islamic Treasury bills in the past three years in Iran is seen as evidence of the success and allure of the Iranian debt market. However, it should be noted that widespread sales of Islamic Treasury bills on Iran’s nascent bond market come at a price. Perhaps the most important factor contributing […]
Indonesia’s state-run Pertamina will start discussions with National Iranian Oil Company, or NIOC, this week for the renewal of their term LPG import contract for 2018 supplies, a source familiar with the matter said Wednesday. They will review volumes as well as price levels. Pertamina has had a contract since May last year with NIOC […]
Iran is showing no signs of slowing its drive to grow its petrochemical industry, with a senior decision-maker stating that plans are underway to increase the country’s petrochemical production capacity up to 120 million tonnes per year by 2021. This would mean Iran’s petrochemical production capacity gaining ground against the GCC region, which produces over […]
DUBAI (Reuters) – Russian gas giant Gazprom signed an initial agreement with Iranian state-run investment fund IDRO to cooperate in unspecified oil, gas and energy projects, Iran’s state news agency IRNA reported on Sunday. “The Industrial Development and Renovation Organization of Iran (IDRO) is fully ready to cooperate with Gazprom … and this memorandum of […]
MELBOURNE (Reuters) – Iran is seeking $50 billion in investment for its mining industries out to 2022 and has signed agreements with several European and Asian banks in the past few months, the country’s deputy mining minister said on Wednesday. “We are in need of $50 billion for investment in the mining and mining industries […]