For full coverage of business developments in Iran and the Middle East, see MEED. The end of nuclear-related sanctions, which could happen by the end of 2015, will have a short-term impact on oil prices but a long-term impact on…
Month: November 2015
Putin to meet Khamenei during Tehran visit
For full coverage of business developments in Iran and the Middle East, see MEED. Russia’s President Putin will meet Iran’s supreme leader Ayatollah Ali Khamenei during a visit to Tehran on Monday, Putin’s senior foreign policy aide Yury Ushakov said…
Iran aims for free market exchange rate policy
For full coverage of business developments in Iran and the Middle East, see MEED. Iran plans deregulate the rial exchange rate around six months after the relaxation of nuclear-related sanctions, which could take place by the end of the year,…
EIA says Libyan oil industry in crisis
For full coverage of business developments in Middle East, see MEED. The oil industry of Libya, Africa’s largest oil producer before 2011, is in crisis and its crude production remains little more than one-third of the level recorded five years…
Iran wants Sukhoi Superjets; agrees Russian aerospace and military deals
An Iranian customer is interested in buying 100 Sukhoi Superjet 100 regional aircraft made by Russia’s United Aircraft Corporation, Russia’s deputy prime minister Dmitryi Rogozin was quoted as saying yesterday. “…One of (Iran’s) flagship companies was negotiating…about the delivery within…
Jebel Ali Free Zone gets positive outlook from Fitch Ratings
For full coverage of business developments in the Middle East, see MEED. Fitch Ratings has revised Jebel Ali Free Zone’s (JAFZ’s) outlook to positive from stable and affirmed its long-term Issuer Default Rating (IDR) at BBB-. Fitch has also affirmed…
Foreign firms should be vigilant even after end of sanctions: Herbert Smith Freehills
Companies planning to do business in Iran after the relaxation of international sanctions, expected by the end of this year, should continue to check they are compliant with the law, Herbert Smith Freehills says in the Iran investment guide published…
Putin pivotal for oil and Syria
Russian President Putin, who met Saudi Arabia’s King Salman on Monday and is due visit Tehran next week, is poised to play a pivotal role in developing a coherent international approach to ending the Syrian war and defusing a looming…
Iran Petroleum Contract ready for launch
Iran’s Ministry of Petroleum today published the new oil and gas contracts framework which will be presented formally to foreign companies in Tehran next week. The Iran Petroleum Contract (IPC) has been published on the website of the ministry’s Shana…
Khesht field production to start by March
Crude oil production at Khesht field will start by the end of the Iranian financial year in March 2016, operator to the field’s development projects said today. Managing director of South Zagros Oil & Gas Production Company Gholamhussein Montazeri said output will be 20,000…