Iran’s Oil Minister Bijan Zanganeh told a press conference in Tehran today that his ministry is planning to export liquefied natural gas (LNG) to Europe rather than pumping gas via pipelines. “LNG has a considerable advantage as it can be…
Category: Iran
Iran to supply up to 35 million cm/d of gas to Basra
Iran is to supply Basra in Iraq with up to 35 million cubic metres a day (cmd) of gas under a six-year deal signed last week. It calls for the daily volume to start at 7 million cubic metres and to…
Iran has $29bn mining plan
Iran has plans to invest $29bn in its mining industry, about half of it coming from foreign investors, deputy industry, mine and trade minister Mehdi Karabasian has said. Karbasian is also President of the Iranian Mines & Mining Industries Development…
Putin to visit Tehran next week
Russia’s President Putin plans to visit Tehran to attend the Gas Exporting Countries Forum in the Iranian capital next week, a senior Russian government official has said. “We are preparing to take part in the third Gas Exporting Countries Forum…
Iran aims to cut inflation to under 10 per cent
Inflation fell to 10.8 per cent in the year ending October 2015 and the government aims to reduce it to single figures, President Rouhani’s senior economic adviser Masoud Nili said on 15 November. ‘There are worries that, parallel with the…
Iran sanctions on track for relaxation by end of 2015
International Atomic Energy Agency (IAEA) director general Yukio Amano has reaffirmed that he is on track to deliver the final report on Iran’s compliance with the Joint Comprehensive Plan of Action (JCPOA) by 15 December, raising hopes that US, UN…
Senate poised to back Iran nuclear deal
US senator Barbara Mikulski of Maryland announced today that she would support the Iran nuclear deal, providing the White House the votes it needs to prevent Republicans from scuttling the agreement. The announcement means that at least 34 senators — the…
UAE economy to be lifted by 1 per cent by end of Iran sanctions
The UAE will be the principal Middle East beneficiary of the lifting of international sanctions on Iran as part of the Joint Comprehensive Plan of Action agreed between the Islamic republic and the US, China, Russia, the France, the UK…
Qatar backs nuclear deal
Qatar signalled last night that it backed the nuclear deal between the US, Russia, China, the UK, France and Germany. “This was the best option amongst other options in order to try to come up with a solution for the…
Iran Khodro says Mercedes-Benz to sign production deal
Iran Khodro and German automobile-maker Daimler will sign a deal soon for the production of cars and commercial vehicles, Iran Khodro managing director Hashem Yekezareh has said. The announcement follows reports that Peugeot, France’s largest car-maker, is seeking to revive…