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