For full coverage of Middle East business, see MEED Managing Director of Iran Ship Building & Offshore Industries Complex Company (ISOICO) Hamid Rezayian Asl said Iran is ready to cooperate with Oman in developing its oil and gas projects. “The Southern…
Category: Iran
Iran has got $3bn not $55bn in frozen assets
John Kerry during his May visit to London in which he met non-US banks Only $3bn of $55bn of Iran’s frozen assets have been returned so far and European and Asian banks continue to be reluctant to deal with Iranian counterparts,…
Tanker company to resume Iran oil shipments
The National Iranian Tanker Company (NITC) will resume shipments of oil to Europe soon, an NITC official was quoted today as saying by Fars New Agency. NITC’s Ramin Rajaei said the NITC tanker fleet remained fit for purpose despite sanctions.…
Iran oil output to approach 4m b/d soon
Iran’s deputy oil minister Roknodin Javad Iran’s total oil production will come close to 4m b/d during the summer on soaring exports, comments made today by the Islamic republic’s deputy oil minister Roknodin Javad suggest. He said Iran’s oil export capacity…
Chahabar port deal signed with India, Afghanistan
Iran, India and Afghanistan today signed an agreement in Tehran to establish a transit and transportation corridor which centres on Chabahar port in the south-west of the Islamic republic. The Chabahar Trilateral Agreement was signed in the presence of Iran’s…
India to settle debts due to Iran
India’s Prime Minister Narenda Modi meets Iran’s President Rouhani during visit to Tehran on 22-23 May Iran’s deputy foreign minister Ebrahim Rahimpour has said that India will pay the remaining part of $6.4bn it owes the Islamic republic for crude oil…
Shell in talks with Petropars
Petropars is negotiating with Royal Dutch Shell about feasibility studies about major oil and gas projects, the company’s managing director Javad Shams was reported as saying on 23 May. “We have already signed a cooperation document with a German company…
Iran to finalise massive plane order
Iran Air (Homa) managing director Farhad Parvaresh said on 22 May that Iran aims to finalise the contract for Airbus and ATR aircraft within the next 45 days. “Negotiations for the two contracts are lengthy, but we hope to finalize…
Accor plans Iran joint stock company
Accor Hotels’ Ibis and Novotel in Imam Khomeini International Airport was opened in 2015 Accor Hotels of France is planning to set up a joint stock company in Iran to manage its Iranian hospitality business, the 12th annual Arabian Hotel…
Iran says no to output restraint
Iran’s Oil Minister Zanganeh (centre) with Qatar’s Energy Minister Sada (left) For full coverage of Middle East business, see MEED Iran said on Wednesday it would resist any plan to restrain its oil output as part of a deal between…