Business

The deal for construction of first petrochemical power plant in Mehran was signed on Tuesday between the executor company of Petrosaman Faragostar and Chinese Company CNTIC.

The European Union's Foreign Policy Chief Federica Mogherini announced on a recent visit to Tehran that the EU plans to open a permanent office in the Iranian capital in the near future. This move by the European bloc can be described as a great development for Iran. Asr-e Iran news website explains why the upcoming opening of an EU office in Iran is a good piece of news for a nation after the end of Western-imposed sanctions, as per the recent nuclear deal between Tehran and world powers.

An NIOC official has announced that Iran's sales of crude oil will reach 2mn barrels per day (bpd) in the current year.

Deputy Transport Minister Ali Abedzadeh said Iran and France have agreed to jointly launch aviation training schemes in Iran, including pilot and personnel training programs.

An Iranian energy official says a US company seeks to purchase petrochemical products from Abadan’s Petrochemical Co.

Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member "Iran has never had a role in the market instability".

Iranian Foreign Minister Mohammad Javad Zarif underlined that Tehran sees no obstacle in the way to establish normal and healthy economic relations with Washington.

The head of the Iranian Investment Organization, Mohammad-Khazaie, joined the UN Conference on Financing for Development in New York.

Iranian Ministry of Industry has approved of importing cars produced at Germany’s Opel Automobile manufacturer company.

A Russian deputy minister said that the legal barriers for Moscow’s key state loan to Tehran have been lifted.

The Veresk bridge, located in Veresk district of Savadkuh County in Mazandaran province, was mostly constructed by Austrians before World War II, under the leadership of an engineer named Walter Aigner.

An Iranian official has announced the plan to deploy human resources to Turkey, Germany, Australia, Denmark and Ireland.

Iran is likely to build a petrochemical hub in Austria for gaining a better access to target markets in Eastern Europe, a senior Iranian petrochemical official said.

The Italian company of Carlo Maresca S.p.A. is to build a 50-megawatt solar power plant on the southern Iranian island of Qeshm due to its signed agreement with the Qeshm Free Zone Organization, ISNA reported on Sunday.

Central Bank of Iran has rejected the claim by San Francisco-based Paymentwall that it has integrated its payment services into Shetab - Iran’s local payment system.

The first Air France plane has landed in the capital, Tehran, after a hiatus of eight years.

An economic delegation from Czech Republic arrived in this northeastern Iranian province on Monday.

South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said on Sunday.

Iran has been exporting melamine crystals to European countries such as Germany and Spain since Jan. 2016, Commercial head of Khorasan Petrochemical Complex said Monday.

Hossein Kazempour Ardebili, Iran’s OPEC (Organization of the Petroleum Exporting Countries) governor, will represent the country’s Oil Ministry in an upcoming meeting on crude output of fellow OPEC members plus Russia in the Qatari capital.

Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.

Head of Marketing Department at Amir Kabir Petrochemical Company Diako Abbasi said plans are underway to open new petrochemical offices in Africa.

Iran and the EU signed a Memorandum of Understanding (MoU) to cooperate in energy, as the EU Foreign Policy Chief Federica Mogherini visited Iran on Saturday

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi announced that Tehran and the European Union have held good discussions on nuclear cooperation and are now able to launch joint venture at Fordo uranium enrichment plant in Central Iran.

Central Bank of Iran (CBI) Chief Valiollah Seif stressed that the country has no intention to cap its crude production, adding that OPEC (Organization of the Petroleum Exporting Countries) members are to blame for the tumbling oil prices.