Industry

Oil Accord Sealed with S. Korea’s SK Energy

The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.

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.

Boeing-Airbus Rivalry for Iranian Market

An aviation official outlines the intense competition between Boeing and Airbus as a barrier to the purchase of aircraft from the European company.

Economic Agreements Worth $1.2bn Signed with Finland and Poland

Iran has struck a number of economic agreements worth some $1.2bn during an Iranian delegation’s trip to Poland and Finland, says an official.

Iran Plans to Open 10 New Petchem Complexes This Year

Iran plans to inaugurate 10 new petrochemical complexes by the end of this Iranian calendar year (March 20, 2017), Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei said.

German Carmakers Resume Cooperation with Iran: Minister

Iranian Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh, who is in Berlin, said major German automakers have determined to resume their activities and investment in Iran’s market.

Iran Makes Its Largest Investment to Date in Kurdish Regions

Iran has bankrolled $800m for the development of Sanandaj and Mahabad petrochemical plants, both located in the country's Kurdish regions, thus making Iran’s biggest state investment in the region's history.

Salar Salt Mine in Western Garmsar Mountains

Salar salt mine is located in Garmsar, a city in Semnan province. It sits in a unique geographical location, between Firouzkooh and Damavand in...

InterCity Group to build hotels in Iran

The head of the Cultural Heritage Organization discussed the prospects of building hotels in Iran with InterCity Hotels Group, a German chain hotel giant.

SAIPA Signs $1bn Finance Deal with South Koran Company

Hassan Baghaei, the Deputy Commercial Manager of SAIPA auto-making group, said on Saturday May 28 that the group has inked a $1bn finance deal with South Korean company SK Networks.

Ukrainian FM Due in Tehran for Strengthening Ties

Pavlo Klimkin, the Foreign Minister of Ukraine, will arrive in Tehran on Sunday May 29 for a two-day visit packed with various meetings with Iranian officials related to boosting bilateral relations and discussing regional issues.

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.

Iran Climbs World Nanotech Ranking to 6th, Exceeding Japan

Saeid Sarkar announced that the country’s scientific ranking has improved this year to 6th, overtaking Japan, and now places Iran behind China, the US, India, S Korea and Germany.

46 Countries to Attend Iran Int’l Agriculture and Food Expo

46 countries are going to take part in Iran’s international agriculture and foodstuff exhibition.

Iran’s Petropars in Investment Talks with Royal Dutch Shell: Official

Iran’s Pertropars Company and the global energy giant Royal Dutch Shell are in talks to boost their investment strategies in the country's growing energy sector, following the removal of anti-Tehran sanctions, an Iranian official said.

Preparations Being Made for Foreign Companies to Open R&D Offices in Iran

Vahid Ahmadi, a Deputy Minister of Science, Research, and Technology, announced that Iran is trying to pave the way for other countries to increase...

Chabahar Deal: Afghan President in Tehran

Ashraf Ghani, President of Afghanistan, has arrived in Tehran to ink a momentous trilateral MoU with Iran and India regarding Chabahar Port.

Iranian Cars to Enter North African Market

The Islamic Republic of Iran and the People's Democratic Republic of Algeria have signed over a dozen memorandums of understanding (MoUs) on the production of Iranian vehicles in the North African state.

Norwegian Envoy Calls for Developing Economic Ties with Iran

In a meeting with Mohammad Khazaei, Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance of Iran, the Norwegian ambassador to Iran called for developing economic cooperation and removing obstacles.

Iran to Increase Oil Swap Capacity in Caspian Sea Region

Iran plans to increase its oil swap capacity in the Caspian Sea and other regions, Deputy Petroleum Minister for International Affairs Amir Hossein Zamani Nia said. He made the remarks at the first international conference on “Rail-Ports and Rail-Oil” in Tehran.

UNIDO Ready to Promote Hamedan Leather Industry

Mohammad Babaei, a representative of the United Nations Industrial Development Organization, said on Tuesday May 10 that UNIDO is ready to cooperate with Hamedan Province to help promote its leather industry.

Iran’s First Nano Cargo Exported to South Korea

Vice-President for Science and Technology Sorena Sattari said Iran has exported a cargo of nanotechnology to South Korea, marking the first such shipment since the removal of sanctions on Jan 16.

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.

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.

PRTC Signs Cooperation Deal with SPEC

The Petrochemical Research and Technology Company (PTRC) and the Supplying Petrochemical Industries Parts, Equipment & Chemicals Engineering Company (SPEC) have signed an agreement to...

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