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Highest education rate in region

Low Costs

Cheap and abundant raw materials, energy and transportation


High rate of Internet penetration and access to online shopping (74%)

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

Iranian, German carmakers to jointly produce cars

Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have been taken to launch the joint production line for the new car.

Salehi-Nia added that no agreement has been inked so far regarding the issue, but once the deal signed between representatives of the two sides, the agreement could be considered as one of the achievements made by the Islamic Republic following the nuclear deal and implementation of the landmark international agreement, also known as the Joint Comprehensive Plan of Action (JCPOA).

On July 4, Volkswagen announced that the company will begin the sale of vehicles in Iran in August.

Initially, Volkswagen’s Tiguan and Passat models are to be imported under a contract concluded with the Iranian automotive company Mammut Khodro.

The Volkswagen brand will thus again have a presence in the Iranian market after more than 17 years, and is systematically developing further worldwide market potential.

‘By returning to Iran, the Volkswagen brand is filling in another blank spot on the global automotive map. We are thus strengthening our international presence still further. At the same time, we are taking our very latest models with premium features to our Iranian customers’, Anders Sundt Jensen, project manager for the Iranian market at Volkswagen, said.

Turk investors pay for 5,000 megawatts electricity generation in Iran

He made the remarks on the sidelines of foreign investment meeting of Yazd Investment Services Center.

Sajdei said currently two sites to generate 2,000 megawatts electricity in the cities of Saveh and Zahedan handed over to Turkish company and other related affairs are underway.

He also acknowledged about signing memorandum of understanding (MoU) with three companies from South Korea, Japan and France to generate 3500 megawatts electricity and said that the MoU have been signed with the three companies and negotiations to sign contract is underway.

Sajdei said that time period for guaranteed purchase electricity from foreign investors is determined in the contracts and upon agreement and contract, the investors may sell their generated electricity in free market or sell their power plant to the government after expiration of the period.

Yazd province in attracting foreign investors and preparing necessary infrastructures to absorb investment, especially in the fields of solar energy and generating electricity is among flag-bearers provinces of Iran.

Total returns with 4.8-billion-dollar investment to Iran

Being the first to be signed in the new format of Iran’s oil contracts which lead to technology transfer to Iran, the Total deal is considered a turning-point to start a new era in the Iranian oil industry.

The deal is to be signed by Iranian Minister of Petroleum Bijan Zangeneh, the Total and other beneficiary managers.

The primary agreement to develop South Pars 11 project was signed on November 8, 2016 between the NIOC and the mentioned consortium, including the Total, the Chinese National Petroleum Corporation (CNPC), Petropars, with the presence of Zangeneh, President Middle-East and North Africa of Total Exploration and Production Stephane Michel, and CEO of CNPC Middle East Zhu Junfeng.

The deal is the biggest natural gas contract Iran has signed after the January 2016 nuclear deal with G6 to lift the sanctions on Iran.

IDB to finance 125m euro loan for Tehran WWTP project

Jalali Amin further told reporters that the credit will be spent on the project for establishment of a tunnel for transfer of sewage in the western part of the capital city (the Western Tehran Wastewater Treatment Plant (WWTP) and on sewage treatment center in Southwestern part of the city.

The official said the IDB has thus far paid portion of the cash and the rest will be provided gradually as the project advances.

Iran-Total deal in petchem to reap $2bn investment

Ministry of Petroleum on Tuesday quoted Shahdaie as saying, “In case of a final agreement, Total will invest up to two billion dollars in Iran’s petrochemical industries.”

Outlining talks between National Petrochemical Company (NPC) of Iran and French Total Company for establishment of new petchem facilities in Iran, Shahdaie said based on the latest talks, the petrochemical facilities will operate with the capacity to yield about 2.2 million tons of petrochemical and polymer products annually.

She announced that for the time being, agreement has been reached for establishment of two facilities for production of a special grade of polyethylene, each facility running with 500,000 tons annual production capacity.

Shahdaie added that furthermore, agreement has been reached for construction of a cracker ethane facility to turn ethane into ethylene – 1,200,000 tons a year production capacity.

The NPC top official said the most important specification of contract with Total and its likely partnership in petrochemical projects is transfer technology for production of a special kind of polyethylene in Iran.

Iran’s annual petrochemical production capacity stands at 62 million tons and by the end of this year (March 20, 2018), the figure will reach 72 million tons when six new projects come into stream. The total value of net sale of the products will rise up to $17 billion.

National Iranian Oil Company (NIOC) and an international consortium, led by French Total company, signed Iran’s new oil contract in the post-sanction era for development of the phase 11 of South Pars.

Under the $4.8 billion gas deal, 56 million cubic meters of gas will be added to Iran’s capacity to extract gas from South Pars gas field common with Qatar.

500% increase in Iran’s exports to Europe

According to the Statistical Office of the European Communities (Eurostat), the comparison also shows 127% increase in commercial exchange between Iran and EU countries, reaching from € 2.9b to € 6.55b.

Europe’s exports to Iran also show a 44% increase, reaching € 3.15b. It was € 2.17b in the first four months of 2016.

The changes are due to termination of oil sanctions and Europe’s restarting to buy oil from Iran.

Zarif: Iran can be reliable trade partner for Germany

“Iran can be a trustworthy partner in joint production of goods and exporting them to the regional countries, especially Central Asia,” Zarif said in a meeting with German Economy Minister Brigitte Zypries in Berlin on Tuesday.

He said that the Iranian businessmen and Germany’s commercial society have mutual trust in each other.

“The time is now ripe for Iran and Germany to broaden their economic cooperation and naturally banking cooperation paves the way for increasing the economic and trade relations between the two countries,” Foreign Minister Zarif said.

The German economy minister, for her part, pointed to the age-old relations between the two countries, and said, “Iran-Germany relations are at a satisfactory level and a large number of Germans visit Iran every year.”

She said that Germany’s export insurance known as Hermes is interested to guarantee investment projects in Iran, especially in the sectors such as energy and electricity.

Khuzestan electricity company signs MoU with French investor

He said in direction of expanding usage of renewable energies technologies, clean energy and absorbing foreign investment, the MoU was signed by Green Coast Solution to design, finance and execute projects to build renewable power plants.

Dasht-e-Bozorg said that investment capacity to build more than 2,000 megawatts of different renewable power plants, photo voltaic, solar, thermal, wind, waste-to-energy plant exist in Khuzestan and Kohgiloyeh va Boyer Ahmad provinces.

These two provinces are operational field of KREC.

Iran, Germany to broaden banking cooperation

The two ministers met on the sidelines of the annual meeting of European Council on Foreign Relations (ECFR).

Schäuble, underlining the JCPOA implementation, welcomed banking cooperation between Tehran and Berlin.

He said German banks are ready to upgrade cooperation with Iran.
Zarif arrived in Berlin on Monday morning.

He is to meet President of Germany Frank-Walter Steinmeier and Foreign Minister Sigmar Gabriel later.

Iran, Azerbaijan Republic boost 75% of their non-oil exchanges

He made the remarks in meeting with East Azarbaijan Province Governor General Esmaeil Jabbarzadeh here on Tuesday.

Huseynov said while our trade exchanges with Iran increased, it was reduced by other neighboring states.

The ambassador said that Azeri people trust Iranian physicians and medicine and around one million Azeri tourists visit Iran each month.

Over past years, 5,000 trucks transit goods between the two countries, now it reaches to 15,000, Huseynov said.

He underlined the rise in economic exchanges between the two countries and said that Tabriz Bazaar is historical and world famous market and our country is ready to increase economic and commercial relations with Tabriz businessmen and set up Tabriz Bazaar in Baku.

He said by launching railways between the two countries, the possibility to export Iranian goods to Europe through the Republic of Azerbaijan Republic will be prepared.

Concerning several visits of presidents of the two countries in the past four years, Huseynov said the results of the meetings were activation of the private sectors.

Iran’s Shamkhani, Syrian PM meet in Tehran

Tehran (ISNA) - Secretary of Iran’s Supreme National Security Council Ali Shamkhani met with Syrian Prime Minister Imad Khamis in Tehran on Sunday, discussing the latest development in the region and bilateral relation.

Referring to the continuation of an all-out effort to liberate the occupied territories of terrorists in order to restore security and peace to Syria, Shamkhani stressed on the pursuit of the intra-Syrian talks simultaneously in order to reaching a national consensus.

“Instead of fighting terrorist elements, Western countries and the US take suspicious measures in line with strengthening terrorism and worsening insecurity in the region,” Shamkhani said, warning that the harmful effects of such moves “will lead to the spread of terrorism in the world.”

The Iranian official further emphasized that peace will be restored to the region and consequently the European countries, shortly after the West ends its financial, technical and weaponry support for terrorists.

Iran's top security official says US airstrikes on Syria’s northern province of Raqqah using banned weapons amount to genocide in the war-stricken Arab country.

Referring to high civilian death toll in Raqqah, Shamkhani said the US air raids amounted to genocide as American warplanes used banned weapons and ammunition in their attacks.

Shamkhani emphasized that the Islamic Republic will continue to stand by Syria and keep up its support for the nation until the crisis is over in the Middle Eastern state.

The Syrian premier, for his part, briefed Shamkhani on his country's latest developments and achievements in the battle against terrorism and for the political settlement of the conflict.

He also thanked Tehran for backing the Syrian people and government, adding that the restoration of security to Syria depended on some countries stopping their support for terrorists.

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Selection process for Mustafa Prize Nominee reaches to final stage

Tehran (ISNA) – The seventh meeting of policy-making council of the Mustafa(pbuh) Prize aimed at finalizing the selection of second round laureates was held in Tehran.

Seventh meeting of policy-making council of the Mustafa(pbuh) Prize was held with the participation of the Chairman of the council Prof. Sorena Sattari, Secretary of the Mustafa(pbuh) Prize's Policy Making Council Mahdi Saffarinia, and other individual and legal members.

Coordinator General of Standing Committee on Scientific and Technological Cooperation of the OIC (COMSTECH) Prof. Shaukat Hameed Khan, and vice-chancellor of the University of Karachi, Pakistan Prof. Muhammad Ajmal Khan also attended the meeting through video conferencing as the other member of this council.

In this meeting which aimed at finalizing the selection of the 2017 laureates, Sattari said, “A great work under the name of the Mustafa(pbuh) Prize is running now and whole amount of this prize is being financed by nongovernmental resources”.

Meanwhile the head of the Mustafa(pbuh) Prize scientific committee Hassan Zohoor presented a report on the committee performance about how the works have been reviewed and selected in primary and final stages.

 “while primary assessment was done in February 2017, final selection was accomplished in May and extended until end of June. In this period 241 works from 34 countries were received by the Science and Technology Foundation (MSTF) office and were assessed,” Zohoor added.

Presenting a report on evaluating submitted works, Prof. Saeed Sarkar, the head of the group in all areas of science and technology said, “Ones who are not Muslim but citizen of OIC member countries can also be nominated for the Prize. Currently we have received lots of works by the scientists and researchers; but in selection process we ultimately select individuals who had an outstanding work along with a best résumé”.

During the meeting, the heads of scientific groups of the Mustafa(pbuh) Prize, also presented their reports on the process of evaluating received works and criteria used to select the appropriate ones, as the laureates.

As presenting a report on the performance of the MSTF, since the first round,  Saffari Nia said that the call for the Mustafa(pbuh) Prize has been widely announced worldwide to more than 1622 scientists of outstanding scientific and technological levels in 30 countries, 363 university and research centers.

President of MSTF mentioned that the strategy and the road map of the MSTF have already been prepared which will be announced at the next meeting after the approval of charter.

“Through consultation and collaboration, we are trying to registration of branch offices of MSTF in different countries,” he added.

Referring Noor Student Competition as one of the MSTF events, Saffari Nia also said, “The ceremony of the first round of the competition was held on Tehran's Howzeh Honari last year. Of the 1600 submitted science movies, awards ceremony honored 200 students for their significant achievements. Yet the second round of Noor Student Competition; Recognition of Prof. Jackie Ying will also be held on September first, 2017, coinciding with the anniversary of Eid al-Adha.”

Noting to the MSTF project to involve university students, President of MSTF said, “we are on the verge of creating new club which will be called Safir Al-Mustafa(pbuh) and a scientific competition- under the title of KANS (Knowledge Application and Notion for Society). Similarly, in order to enhance cooperation between Muslim scientists across the world, MSTF has made a plan called Science and Technology Exchange Program (STEP) in Islamic Countries, which will be held annually in one of the Islamic countries”.

“Introduction of the Mustafa(pbuh) Prize at several scientific conferences, the membership of the ECOSF in the Mustafa(pbuh) Prize Investment and Endowments Fund (MPIEF), membership of Chairman of The Research Council of Oman in the International Advisory Board of the MSTF, production of more than 300 news and reflecting them by more than 400 media around the world, the production of 65 multimedia content and  inquiring registration of the award winning prize in WIPO and other activities were some of the activities of MATF during this time,” he continued.

It is worth noting that second round of the Mustafa(pbuh) Prize will be awarded on December 3rd 2017 in Vahdat Hall, Tehran and the name of the laureates will be formally announced before the ceremony through a especial program.

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“Oxidan” to release in screens abroad

فیلم اکسیدان

Tehran (ISNA) – The international screen of the Iranian film "Oxidan" will be begun from August 13.

Directed by Hamed Mohammadi, "Oxidan" will be screened as of August 13 on the cinema screens in North America and Canada. Its first screen in Canada will be in the city of Toronto.

This film tells the life of two young people who would like to get married but the girl loves to settle abroad so she illegally immigrates to a foreign country and her fiancé does something weird to bring her back to Iran.

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Iran wins 4th place in International Army Games 2017

Tehran (ISNA) - Al-Mahdi Airborne Brigade of Special Forces who represented Iran in the International Army Games 2017 won the 4th place at the end of the competitions.

The International Army Games 2017, which will end on August 12, comprises 28 events held in Russia, China, Azerbaijan, Belarus and Kazakhstan.

In the Chinese portion of the event held in Guangshui, Hubei province, Al-Mahdi Airborne Brigade of Special Forces, from the Armed Forces of the Islamic Republic of Iran, won the 4th place.

In the field of Suvorov attack each team used its infantry fighting vehicles to cross obstacles that engaged firing targets and finishing three rounds of individual and relay races.

China, Russia, Angola, Iran, Zimbabwe, and Venezuela vied in the competition.

In the field of Clear Sky the competition focused on man-portable air-defense system (MANPAD). Each team used their MANPADS to fire at flying targets.

China, Russia, Belarus, Uzbekistan, Egypt, Iran, and Venezuela vied in the competition. All participants used Chinese military equipment.

In the field of Safe Environment which was a competition on nuclear, biological, and chemical reconnaissance, each team searched for radioactive sources and conducted decontamination.

China, Russia, Belarus, Egypt, and Iran were the participants in the field.

Gunsmith Master was the field of competition in the maintenance section. Each team competed in the area of dismantling and repairing multiple guns. China, Russia, Kazakhstan, Uzbekistan, and Iran were the participants in the field.

While these four fields were competed in Korla, Xinjiang Uygur Autonomous Region, the Airborne Platoon was held in Guangsui.

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Italian FM to visit Tehran

ظریف و معاون وزیر خارجه ایتالیا

Tehran (ISNA) - In a Sunday meeting with Iran’s foreign minister Mohammad Javad Zarif, Italian undersecretary of State for Foreign Affairs Vincenzo Amendola expressed his pleasure of being in Iran.

The Italian official also announced that his country’s foreign minister is going to travel to Iran.

Italian deputy foreign minister further noted that Italian companies and investors are ready to work with Iran.

Zarif, for his part, referred to the economic projects underway in Iran, and said there is a good potential for the development of activities of Italian firms in Iran.

The two sides also exchanged views on the implementation of the JCPOA, regional issues, in particular Syria and the Astana talks, and the fight against terrorism, especially ISIS.

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<div>Iran's red gold exports increase</div>

Tehran (ISNA) - The export of Iranian saffron has increased 25 percent in the first four months of the Iranian year (started on March 21) compared to the same date last year.

During the period, Iran exported more than 58 tons of saffron to 50 countries around the world with a value of over $78 million which shows an increase of 25.30 percent in weight and 22.91 percent in value.

Spain, Australia, South Africa, Afghanistan, Germany, United Arab Emirates, Great Britain, United States, Italy, Bahrain, Belgium, Bangladesh, Pakistan, Taiwan, Turkey, Czech Republic, South Korea, China, Japan, Singapore, Sweden, Switzerland, Iraq, Oman, France, Philippines, Qatar, Canada, Kuwait, Lebanon, Malaysia, Nepal, New Zealand, Netherlands, Hong Kong and Greece were the customers of Iranian saffron during the period.

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Iran’s oil exports to China to rise

Tehran (ISNA) - Iran’s oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said.

Crude and condensate exports from Iran to China are set to hit 733,000 barrels per day (bpd) in August, the highest since September, driven by an 11 per cent rise in crude volumes month-on-month, one of the sources with knowledge of the tanker loadings said.

Iran may continue to win Chinese market share in the second half of 2017 as production cuts by the Organization of the Petroleum Exporting Countries (Opec) and falling Latin American output have tightened heavy crude supplies.

Chinese buyers are also importing more Middle East crude as the Dubai price benchmark has weakened against Brent, a second source said.

To attract buyers, Iran cut the official selling prices of heavier grades Iranian Heavy and Forozan Blend in the third quarter by 2 cents a barrel from the previous three months, Reuters calculations showed.

However, overall Iranian crude exports in August for Asia are set to fall to 1.3 million barrels per day (bpd), down 0.3 per cent from July, the first source said.

Iran’s global combined crude oil and condensate exports may total 2.37 million bpd this month, down 4 per cent from a year earlier, the source said, which would mark the first year-on-year decline in four months.

Crude and condensate exports to Asia are rising 5 per cent from July to almost 1.65 million bpd while those to Europe will fall 15 per cent from the previous month to 613,000 bpd. Exports to the Middle East are staying little changed at 111,000 bpd.

Loadings to India will drop by 25 per cent from July to 310,000 bpd this month, the lowest since February 2016, in a possible retaliation for Tehran not awarding a gas field development to Indian companies.

Iran plans to raise oil output by about 200,000 bpd to around 4 million bpd by the end of 2017.

South Korea in August will pass India as the second-biggest lifter of Iranian crude for the first time since January 2016, taking nearly 380,000 bpd, the source said.

Taiwan is lifting Iranian oil this month for the first time since April, totalling 2 million barrels, said the source.

Other Asian lifters include Japan at 157,000 bpd, up 6 per cent from July.

In Europe, Turkey will take 258,000 bpd, up 7 per cent from July, while Italy will take 129,000 bpd, steady from last month.

In the Middle East, the United Arab Emirates will take 111,000 bpd, up 3 per cent from July.

In addition to this month’s exports, Iran is also putting 2 million barrels into its offshore storage, according to the source.

End Item

Iran, Russia agree to boost military cooperation

دیدار معاون نخست وزیر روسیه با وزیر دفاع ایران

Tehran (ISNA) – Iran and Russia have agreed to strengthen military and technological cooperation as the Russian Deputy PM visited Iran following the latest round of US sanctions, RT reported.

Russian Deputy Prime Minister Dmitry Rogozin has met Iranian government officials during his visit to the country on Saturday. Rogozin leads the Russian delegation invited to the inauguration ceremony of Iranian President Hassan Rouhani, who was reelected in May.

Rogozin held talks with Iranian defense minister Brigadier General Hossein Dehqan. The officials reportedly discussed new supplies of Russian arms to Iran. They agreed upon the implementation of deals boosting military and technological cooperation.

Both parties have reached a tentative agreement to increase military and technical and technological cooperation after both countries have been included to the sanctions list.

Last week, the US Congress approved a bill on new sanctions against Iran, North Korea and Russia and news emerged that Trump intended to sign it. The US president approved the sanctions bill last Wednesday.

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Iran, South Korea sign deal on upgrading Tabriz Refinery

Tehran (ISNA) – Iran and South Korea has signed a €1.6 billion ($1.88 billion) deal on financing and implementing a project to upgrade Tabriz Refinery in East Azerbaijan Province.

Tabriz Oil Refining Company signed a €1.6 billion ($1.88 billion) deal with SK E&C Company of South Korea and Oil Design and Construction Company of Iran on financing and implementing a project to upgrade Tabriz Refinery in East Azerbaijan Province.

SK E&C Company of South Korea and Oil Design and Construction Company of Iran aim to cut the refinery’s mazut production to less than 2% from the current 20% in four years, Financial Tribune reported.

The optimization will help Tabriz Refinery produce fuels with higher value-added, such as Euro-5 quality gasoline and diesel.

The signing ceremony in uptown Tehran was overseen by government officials of both countries.

SK E&C Company Ltd. provides civil, transportation, telecommunications infrastructure and building construction services to customers in the Middle East, Southeast Asia and Latin America. It offers services in the areas of planning, feasibility studies, sale, design, engineering, construction, operation, maintenance and installation for chemical and power plant projects.

The South Korean-Iranian consortium will be in charge of design, engineering, procurement and installation of equipment, with the Export-Import Bank of Korea or Korea Eximbank to finance the venture.

On the sidelines of the signing ceremony, Abbas Kazemi, Iranian deputy oil minister, referred to bilateral cooperation with South Korean companies, such as Daelim Corporation and Hyundai, hoping that the SK E&C will expand its operations in Iran.  

Asian companies have actively sought downstream projects in Iran's emerging petroleum industry after the easing of international sanctions in January of last year. As per the terms of the contract, at least 51% of equipment and services for refurbishing Tabriz refinery should be provided by Iranian companies.

Tabriz refinery project is part of efforts to raise the output of high-quality gasoline and meet the increasing demand for the fuel at home.

"Gasoline production in the Persian Gulf Star Refinery in the city of Bandar Abbas [Hormozgan Province] stands at 7 million liters per day," Kazemi said, adding that the output level reaches 11 ml/d in the next few months as more units of the Middle East's largest gas condensate refinery go on stream.

End Item

<div>President Rouhani's endorsement ceremony</div>

Tehran (ISNA) - The endorsement ceremony of president-elect Hassan Rouhani started at Imam Khomeini Hussainia in Tehran.

Supreme Leader of the Islamic Revolution, heads of the three branches, Head of Assembly of Experts, senior military and political officials, clerics and academics, and ambassadors and representatives of foreign countries are taking part in the ceremony.

The Leader of the Islamic Republic of Iran, Ayatollah Sayyid Ali Khamenei validated the outcome of the popular vote, approving Hassan Rouhani into office.

The full text of the Leader's letter of appointment is as follows:

In the Name of Allah, the Beneficent, the Merciful

I thank Allah the Exalted for making the great people of Iran proud during yet another notable political and social test, and for turning their auspicious presence –in one of the most fundamental national movements– into a lofty step towards protecting the dignity and security of the country and the magnificence of the holy Islamic Republic.

The enthusiastic elections, the long line of voters throughout the country, the high turnout of participants in electing the President, and also the overwhelming votes that the President-elect won, are all clear signs of the Islamic government's success in strengthening and establishing the Islamic Republic and the people-based characteristic of this revolutionary government. It is one of the most important and fundamental capabilities of our dear Islamic country –one of its countless capabilities– which makes the achievement of lofty revolutionary ideals possible, a harbinger of a bright future for the country and for the nation.

With the guidance and blessings of God, in the shade of the Great Imam of the Age's (may our souls be sacrificed for his sake) attention and benevolence; and by following the people of Iran's lead, I hereby endorse their votes, appointing the honorable scholar, Hujjatul-Islam Hassan Rouhani, as the President of the Islamic Republic of Iran. I consider this occasion as a good sign, because it coincides with the days leading to the birth anniversary of Hazrat Abi al-Hassan ar-Ridha (thousands of greetings and compliments be upon him).

I pray for his success; furthermore, I strongly recommend that he use this sensitive position as a tool for gaining divine satisfaction and as a provision for the time he meets with God. He should focus his efforts on administering justice, advocating for the underprivileged classes, enforcing the rules of original Islam, strengthening national unity and dignity, attending to the massive capabilities and capacities of the country, and being outspoken in highlighting the values and principles of the Islamic Revolution. He should be confident that the valorous and courageous people of Iran will not leave the servants of the country alone, in times of difficulty or while confronting the aggression and greed of arrogance.

I once more deem it necessary to stress the importance of implementing the economy of resistance, paying special attention to the issue of employment and domestic production. I would like to reiterate that the vote of the people and their "endorsement" depends upon preserving and observing one's commitment towards the straight path of Islam and the Revolution.

Finally, I would like to commemorate our dear late Imam; I send my greetings to his immaculate soul and to the souls of martyrs on this path.

Greetings be upon God's righteous servants.

Sayyid Ali Khamenei

End Item

Iran seeks enhanced cooperation with world

TEHRAN, August 5, YJC - Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has formally endorsed Hassan Rouhani as president, paving the way for him to take office for a second term as the head of Iran’s 12th administration. During the Thursday ceremony, the Leader and Rouhani expressed the importance of expanding cooperation with other countries.

TEHRAN, Young Journalists Club (YJC) - Press TV has asked Foad Izadi, a professor at the University of Tehran, and Michael Lane, president of the American Institute for Foreign Policy from Washington, to give their views on Iran’s enthusiasm to boost ties with other international players.

At the ceremony, Ayatollah Khamenei called for “extensive interactions with the world as well as broad relations with nations and governments.”

“Iran is open for business” and “is able and willing to cooperate” in international arena, Izadi said on Friday night.

“Being able to function in a proper manner internationally is one of the goals Mr. Rouhani has and this was emphasized by the country’s Leader,” because “Iran’s foreign policy is directed towards cooperation with other countries,” the academic explained.

He further said the fact that so many countries are sending representatives to take part in Rouhani’s second term swearing-in ceremony signals their readiness to cooperate with Iran.

In May, Rouhani won re-election in a landslide victory after securing 57 percent of the votes. Under Iran’s election law, the president-elect is required to gain the Leader’s official approval before being sworn in before the Parliament (Majlis).

Elsewhere, Izadi pointed to US-Iran relations during Rouhani’s second term in office, saying that US President Donald Trump does not like the nuclear deal between Iran and six world powers; so, he is trying to find ways to blame Tehran for his own decision to get out from the international agreement.

“Optimism that President Rouhani had in his first four years [in office] about improving relations with the United States is all but gone,” because Washington has not stopped hostile policies against Tehran, he argued.

Lane, the other guest on the show, said the Iranian Leader and president are willing to enhance international cooperation.

“There was a remarkable degree of similarity between the Leader and President Rouhani’s addresses yesterday (Thursday), including the other things they are desired to expand relations with the world,” he noted.

The analyst also said that the presence of foreign officials in President Rouhani’s swearing-in ceremony is “an opportunity for the government of Iran to perhaps set a slightly different course than has been set.”

Iran and the United States have experienced a tense relationship since the victory of the Islamic Revolution in 1979, when the Iranian people succeeded in overthrowing a staunch ally of Washington and establishing the Islamic Republic.

Source: Press TV

Shell closer to major Iranian oil awards

TEHRAN, August 4, YJC - Iran said it has received proposals from the global energy giant Royal Dutch Shell for the development of two major oil fields.

Shell closer to major Iranian oil awardsTEHRAN, Young Journalists Club (YJC) - Shana – the news agency of Iran’s Ministry of Petroleum – reported that Shell had on Wednesday submitted the results of its feasibility studies over the fields – South Azadegan and Yadavaran - to the National Iranian Oil Company (NIOC).

Both are located in Iran’s oil-rich southwestern province of Khouzestan. Shell had signed a basic agreement with the NIOC in December 2016 to study the investment potentials in South Azadegan and Yadavaran as well as Kish gas field.

South Azadegan was discovered in 2001 and was described at the time as the world’s biggest oil find in decades. It has recoverable reserves of about 2 billion barrels. Located in a former theater of Iran-Iraq war (1980-88), South Azadegan is believed to be connected with Iraq’s supergiant Majnoon oil field which has recoverable reserves of 13 billion barrels which was also being developed by Shell and is now producing 200,000 barrels per day (bpd) of oil for Iraq.

Yadavaran – which was once described as the crown jewel of Iran’s oil projects – has recoverable reserves of 3 billion barrels.

South Azadegan and Yadavaran are located in Iran’s southwestern oil-rich province of Khouzestan and already have an early production of 40,000 bpd and 85,000 bpd, respectively. Both are expected to boost Iran’s oil production capacity by above 600,000 bpd significantly once fully developed within the next three years.

Kish gas field is located in the Persian Gulf island of Kish and is considered as the country’s second biggest gas field after South Pars. With a reservoir of 70 trillion cubic feet, Iran plans to use Kish output to feed a pipeline to Oman where a section of the supplies will be turned into liquefied natural gas (LNG) for exports to international markets.

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There are currently very few countries in the world with Irans conditions and opportunities for investment. After decades of sanctions and separation from international markets, Iran is now ready to take advantage of these opportunities.

These days the top story of some of the worlds most important news media states, Now that a general agreement has been reached on the nuclear issue between Iran and the P5+1, international investors are lining up behind Irans closed doors, ready to enter this countrys market. Once Irans doors open to international financial activities millions, or maybe billions of dollars will flow into the country Economic players in Iran are waiting with open arms for international investors.How to invest in iran Blog is proud to present you with information about Iran and its investment opportunities, standing by your side as a consultant, and a strategic partner, creating the groundwork for a satisfactory experience in Iran.

Welcome to Iran, an investment paradise for years

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