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…
Tag: Iran
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…
Why Saudi Arabia didn’t need a Doha deal
Saudi Arabia’s Oil Minister Ali al-Naimi The failure of the OPEC/non-OPEC producers’ meeting in Doha was principally because Saudi Arabia is winning the market share war and didn’t need a deal. World oil prices fell sharply after the meeting…
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…
New Iran fund aims to raise $200m
Turquoise Partners chief executive Ramin Rabii For full coverage of business events in Iran, see MEED Turquoise Partners, the Tehran-based services group, has announced it is launching an Iran-focused private equity fund in partnership with REYL Finance (MEA) Ltd, REYL…
EIA says Iran oil to rise 400,000 b/d
For full coverage of Middle East business, see MEED The US’ Energy Information Administration (EIA) said in a report issued on 22 January that Iran’s crude oil production is expected to reach 3.3m b/d at the end of 2016 and 3.7m…
IMF says Iran makes progress
For full coverage of Middle East events, see MEED The Islamic Republic of Iran has made progress in improving macroeconomic conditions in a difficult economic environment but challenges continue to lie ahead for the country in light of the recent…
In the Gulf game of nations, Iran and Saudi Arabia are well matched
Iran and Saudi Arabia are longstanding rivals — like Barcelona and Real Madrid — but they are now playing according to new rules policed by the great powers. Iran, freed from most international sanctions on 16 January, and Saudi Arabia,…