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…
Month: May 2016
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…
GE in forging and casting JV with Aramco
GE chief executive Jeffrey Immelt said in a statement today that GE is working on a $400 million forging and casting venture with Saudi Aramco that would supply materials to the marine and energy industries and other projects. The facture…
Saudi Arabia plans dollar bond
Saudi Arabia has invited banks to participate in a possible dollar bond that might be floated later this year, Reuters has reported. The kingdom signed a $10bn five-year bank loan earlier in May. JP Morgan, HSBC and Bank of Tokyo-Mitsubishi…