May 10, 2017

China’s Sinosure signs co-op MOU with Iran’s CBI

TEHRAN- China Export & Credit Insurance Corporation (commonly known as Sinosure) signed a cooperation MOU with the Central Bank of Iran (CBI), IRIB news reported.
May 10, 2017

Iran to Sign $80bn Oil Deals in 2 Years

Iran plans to strike $80 billion worth of oil contracts over coming two years as the country is set to implement newly-developed IPC contracts, a deputy head of National Iranian Oil Company (NIOC) said on Monday. “After signing $80 billion worth of contracts over the next two years, a labor market valued at around $50 […]
May 10, 2017

MTN makes $295m Investment in Iran’s Telecoms Market

MTN has reached an agreement with Iran whereby the South African telecommunications company would invest more than $295 million in the Islamic Republic’s Net, a report said. “This investment, should it be completed, represents an opportunity to capitalize on the continued strong growth expected in the Iranian broadband market, with an initial focus on eight […]
May 10, 2017

Siemens to Resume Transformer Supply to Iran

Germany’s Siemens plans to resume providing power transformers to Iran, the commercial director of its licensed production company says, attributing the development to Iran’s nuclear deal with six world powers. “Thanks to the entry into force of the JCPOA (the official acronym for the nuclear agreement), representatives of Germany’s Siemens travelled to Iran to set […]
May 10, 2017

NIOC Finalizing Deal with OMV

The National Iranian Oil Company (NIOC) is in the final phase of talks with OMV to sign a contract to sell 40,000 barrels of oil per day to the Austrian oil and gas company, the NIOC chief said. “The prospective agreement will help Tehran pay its outstanding debt to OMV,” Ali Kardor was quoted as […]
May 10, 2017

Iranol, Petronas Sign Coop Deal

Iran’s Iranol Company and Malaysia’s Petronas signed a cooperation deal on engine oil and industrial lubricants production. From Iranol, Isa Eshaqi, managing director of the company, signed the deal. “Based on the deal, Petronas has agreed to help Iranol with technology transfer for production of different industrial lubricants that comply with international standards,” he said. […]
May 9, 2017

Pininfarina announces Deal with Iran Khodro

Italian design firm Pininfarina S.p.A has announced the closing of a commercial agreement with Iran Khodro (IKCO). The agreement foresees that Pininfarina will develop a modular automotive platform, able to house at least four different vehicles, and the first passenger car of the medium segment of the  market. Activities will span from the definition of […]
May 9, 2017

EGFI agrees Political Risk Insurance for Iraqi Power Plant

The Export Guarantee Fund of Iran (EGFI) has announced that it is to provide political risk insurance (PRI) to Iran’s MAPNA Group for its Rumaila power plant project in Iraq. Rumaila, a natural gas combined cycle power plant with 12 gas and 6 steam turbines, is to be implemented at a cost of $2.5 billion […]
May 9, 2017

Mitsubishi Eyes Broader Work in Iran

Japan’s Mitsubishi is making efforts to broaden its activities in Iran, a top official with the company said. Kiyoshi Kiyokawa of Mitsubishi Chemicals said the Japanese firm would also enhance its interaction with its present customers in Iran. He said his company was attending Iran’s ongoing oil show in order to broaden its activities in […]
May 9, 2017

NISOC Desalting Capacity Set to Rise

The desalting capacity of the National Iranian South Oil Company (NISOC) is set to increase, the company’s chief said. “The desalting capacity of areas operated by this company will increase by 220,000 b/d,” Bijan Alipour, CEO of NISOC, told reporters on the sidelines of Iran Oil Show in Tehran. He said that NISOC was determined […]
May 9, 2017

PNOC inks MoU to Study Iran Oilfields

The Philippines, through the Philippine National Oil Company (PNOC), a government-owned and controlled corporation, signed a document on Monday to carry out studies on oilfields in Iran. PNOC’s exploration offshoot cemented a memorandum of understanding with the National Iranian Oil Company (NIOC) to carry out studies over Pazanan and Darkhowin oilfields in Iran. During the […]
May 9, 2017

NISOC Output to Fall if No New Investment Made

A senior Iranian parliamentarian has warned that oil fields run by National Iranian South Oil Company (NISOC) would see their production decline in case no fresh investment is made. “In case the current trend continues we will witness production fall in oil-rich areas in the south,” Gholam-Reza Tajgardoun, who chairs the planning and budgeting committee […]
May 9, 2017

NIOC in talks with OMV for selling 40,000 bpd of crude oil

TEHRAN – National Iranian Oil Company (NIOC) is in talks with Austrian OMV for selling 40,000 barrels per day of crude oil to the company, Tasnim reported on Tuesday citing Argus Media.
May 9, 2017

Europeans see huge potential in Iran’s energy market

TEHRAN- European exhibitors participating in the 22nd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2017) believe that there is huge potential for business in Iran’s oil, gas and petrochemical sectors.
May 9, 2017

What’s Going on in MENA’s E-Commerce Scene?

The MENA region is a fertile soil for tech companies, and the e-commerce scene in this region is rapidly escalating. In this article we’ll go through the activities of some of the e-commerce players in this region.

The post What’s Going on in MENA’s E-Commerce Scene? appeared first on TechRasa.

May 9, 2017

Picking tea leaves in north of Iran

Farmers are picking tea leaves in Lahijan, a city in the northern province of Gilan, May 8, 2017. Tea is cultivated on around 6,800 hectares of land in Lahijan and farmers harvest some 20,000 tons of green tea leaves per annum.  HJ
May 9, 2017

Iran’s trade balance on positive trajectory

TEHRAN- Trade balance has been reported positive for the first month of the new Iranian calendar year 1396, Farvardin, (March 22- April 23, 2017), ISNA reported on Monday.
May 9, 2017

Iran-Austria business forum held in Tehran

TEHRAN- Iran-Austria Business Forum was held in Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) on Monday, IRIB news reported.
May 9, 2017

1st ATR airplane will join Iranian air fleet in a week

TEHRAN- Iran’s national flag-carrier airline Iran Air signed a contract for purchasing 20 turboprop passenger planes from the French-Italian aircraft manufacturer ATR on April 15 and the first of the kind will be delivered to the country in a week, Mehr news agency reported on Monday quoting Iran Air Managing Director Farhad Parvaresh.
May 9, 2017

Philippines signs MOU in Iran to study 2 oilfields

TEHRAN – National Iranian Oil Company (NIOC) and Philippine’s PNOC Exploration Corporation (PNOC EC) signed a memorandum of understanding (MOU) on Monday based on which PNOC EC was awarded the study of two Iranian oil fields.