Industry

Views and reports from various sectors of Iran’s domestic resource extractors, producers and service providers

Iran and Norway Ink Oil Industry Cooperation MoU

Iran’s Research Institute of Petroleum Industry and the Norway's International Aker Solutions Company inked a Memorandum of Understanding to cooperate in the field of oil and gas, an official said on May 9.

Iran Strikes Major Petchem Deal with ADKL

Germany's Abels Decker Kuhfuß Lenzen (ADKL) won a €2bn contract for developing a major petrochemical project in Iran's southwestern city of Masjed Soleyman.
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13 Luxury Cars Smuggled into Iran to Be Crushed in Coming Days

An Iranian official announced that 13 luxury cars, which had been illegally smuggled into the country, will be crushed within a few days in an effort to combat smuggling.DF

Transfer of Technology Knowhow, a Prerequisite to New Contracts: First VP

Iranian Vice-President Eshaq Jahangiri underlined the significance of transfer of technology knowhow in foreign contracts, and described it as a necessity within the frameworks of Resistance Economy.

IME trading grows by 124%

415,000 MT of commodities worth over $157 million were traded in Iran Mercantile Exchange (IME) early April, the value and volume of trading experienced a growth of 99% and 124% respectively.
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Hand-Made Lamborghini with Buick Engine Displayed in Tehran Auto Show

A hand-made yellow Lamborghini with an 8-cyllynder Buick engine has been put on display in the ongoing international car exhibition in Tehran.

Germany’s Auto Supplier Bosch to Open Office in Tehran

A senior official with German car parts maker Robert Bosch said it plans to open an office in the Iranian capital, Tehran, by the end of this year, following the removal of anti-Tehran sanctions.
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Republican Members of US Congress Vow to Fight Iran’s Deal with Boeing

Republican members of the US Congress are vowing to fight a $16.6 billion deal between Boeing and Iran after the air giant announced Sunday it had agreed to sell 80 aircraft to Iran Air.
Yeke zare Iran Khodro

Iran Khodro says it seeks to design a new car in partnership with a...

Iran Khodro, the leading Iranian carmaker, says it has entered talks with a German designer to set the stage for the production of a joint car in four years.
Iran LPG

Iran LPG, Sulphur Exports Up

The Managing Director of the National Iranian Gas Company says Iran has raised its liquefied petroleum gas (LPG) and sulphur exports, which has been caused by eased restrictions on shipments.

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