Saudi Aramco CEO Amin Nasser delivered a robustly comprehensive defence of his company’s claim to foreign investment and capacity to maintain production despite the September oil asset attacks at the Oil & Money conference in London this morning. But investors…
Tag: Iran
Turning point for Saudi Arabia
There’s plenty that’s attracted criticism of Saudi Arabian policy since King Salman succeeded to the kingdom’s throne almost five years ago and made his son Mohammed Bin Salman, now crown prince, a cabinet minister. There’s the war in Yemen and…
Trump needs Saudi Arabia more than it needs him
It tells you something when an American president talks openly about his unsuccessful attempts to persuade another country to do what he wishes. But that’s what happened yesterday during President Trump’s unscripted speech to supporters in Mississippi. Trump referred to…
Trump to preserve JCPOA
President Trump will keep the Joint Comprehensive Plan of Action (JCPOA) and target the Islamic Revolutionary Guards Corps (IRGC) in a new White House policy announced today. The announcement will please allies concerned that the president would pull the US…
Russia Syria plan calls for divided state
Syria would be divided into informal zones of regional power influence and Bashar al-Assad would remain president for at least a few years according to an outline deal between Russia, Turkey and Iran reached earlier this month. Reuters reported today…
Iran hotel investment conference planned for February
The inaugural Iran Hotel & Tourism Investment Conference (IHTIC) organised by Bench Events is to be held in Tehran on 7-8 February 2017 to identify opportunities for investors, developers and service providers in one of the world’s most exciting hospitality…
Hyundai poised to win $650m Iran ship deal
Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea’s Hyundai Heavy Industries Company are holding the final talks about a $650m deal of providing 10 ships for Iran. The contract calls for Hyundai to build four 14,400 TEU container…
Iran invites bids for 50 oil and gas projects
The National Iranian Oil Company (NIOC) has given international companies a month to submit prequalification bids for 50 oil and gas contracts. This is the biggest opportunity for foreign firms to bid for Iranian oil projects since sanctions against the…
Iran invites bids for energy projects
Iran will begin taking applications today for an unspecified number of energy projects, the oil ministry’s news agency SHANA reported on Sunday. National Iranian Oil Company (NIOC) said “reputable and eligible companies” should fill the applications for upstream oil and gas…
IMF says Iran GDP growth to be 4.5 per cent this year
The IMF said in a statement released today at the end of annual Article IV talks with Iran that the Islamic republic’s economy will expand robustly this year, inflation is moderating and the government is implementing major reforms to accelerate growth.…