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There is no doubt, Iran has a lot of potential. It is a country that boasts a domestic market of 70 million people, 11% of the world’s proven oil reserves, 15% of the world’s proven gas reserves, 11 petrochemical complexes, 3 major steel plants and much more.

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Based on the client requirement, different investment plans suits and fulfill your business and invest requirement.

Education

Highest education rate in region

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Cheap and abundant raw materials, energy and transportation

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

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

Citroën re-enters Iran after 39 years

سایپا سیتروئن

Tehran (ISNA) – After 39 years of absence, Citroën Company re-entered Iran and officially started its activities in the country.

Jean Christophe Quémard, Executive Vice-President of Middle East and Africa at Peugeot S.A. along with senior director of Citroën Company met with CEO and other executives of SAIPA Group and discussed continuation of cooperation.

Following the meeting, Kashan SAIPA Company’s board changed to SAIPA Citroën Company and the French multinational manufacturer of automobiles and motorcycles officially started its work in Iran after 39 years.

During the meeting, the two sides agreed to accelerate the cooperation to launch joint automotive production line and start to manufacture productions in Kashan SAIPA.

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Saudi officials’ reckless words have negative consequences

Tehran (ISNA) – Iran didn’t seek to increase tensions with Saudi Arabia, Iranian foreign ministry spokesman Bahram Ghasemi stressed.

“We don’t seek to increase tensions with Saudi Arabia and as I said before we are ready to negotiate with Riyadh. We hope they realize their mistakes and to act in order to compensate for past mistakes,” he said.

“Dialogue and mutual understanding with each country doesn’t constitute endorsement of its behaviors or attitudes. Saudi Arabia has made strategic mistakes in the region and should compensate them,” Ghasemi added.

“Turkish officials informed us about their idea. The wall will be built in Turkey’s territory not in border’s zero point. We welcome any action that can preserve stability and security of borders,” he said about Turkey’s decision to build a wall along Iran border.

Over Iran’s foreign policy, Ghasemi said: “Iran advocates peace, security and fighting against terrorism. We have spared no efforts to tackle terrorism over the past years and other countries that claim fighting against terrorism should follow Iran’s policy to prove their honesty”.

“We have repeatedly stressed that Saudi officials’ reckless words are not effective and will have negative consequences,” the spokesman emphasized.

Ghasemi congratulated Emmanuel Macron on his election as the new president of France and expressed hope that Tehran-Paris long-standing ties be developed and deepened more than before.

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Iran, Iraq tendency to expand economic ties

Tehran (ISNA) - A high-ranking delegation from IME traveled to Iraq aimed at talking with Iraqi officials to investigate solutions to strengthen economic ties between the two countries over the platform of Iran Mercantile Exchange.

According to a report by IME international affairs and PR, after long time of meticulous investigation and promoting IME's plans in this regard on the media, IME finally sent a delegation of senior managers to Iraq in order to evaluate the situation on the ground while visiting markets in important cities of the country like Baghdad, Kerbela and Najaf.

Decision-makers in IME are of the opinion that the company will rekindle trade of Iranian commodities in Iraq by establishing an office there and play a vital role in continuous provision of Iranian goods, preparing the groundwork for Iranian companies to appear more actively in the strategic market of Iraq. On the one hand, the promising future of some commodities like bitumen and iron ore in Iraq and on the other the potentials of IME for supplying such commodities for export creates an optimistic attitude towards the whole project. Yet, the trades are to still be operated on IME and goods delivered to Iraq via gateways.

During the visit, IME senior officials, along with visiting warehouses and cold storages, paid an official visit as well to Iran's ambassador in Iraq and Iran's commercial counselor of Iran in Iraq and elaborated on the business models and mechanisms practiced in IME.

"As a vast country with a population of 34 million, Iraq has 12 border customs with Iran, which makes it an ideal business goal for us", stated Masjed Jame'ie, insisted to the fact that to enter Iraq's market they will be in need of investment, long-term presence in Iraq, introducing Iranian goods and good publicity.

“Iran's embassy in Iraq will do whatever it takes to support IME's business actives in Iraq as he believes a powerful and advanced Iraq is more preferred. With rivals like Turkey, Saudi Arabia, Jordan, UAE and even Egypt, Iranian merchants and investors have no other choice but to strive for winning its fair share of Iraq's market,” he mentioned.

As the meeting went on, Ebrahim Mohammad Reza Zade, Iran's commercial counselor in Iraq, appreciated IME's plans for playing an active role in Iraq's market and pointing to the vigorous spirit of enterprise among Iraqi businessmen.

“IME's mechanism to  guarantee the quality of purchased products and its capacity for continuous offering of commodities  will pave the way for more effective presence of Iran's export commodities in Iraq if the issues pertinent to pricing are taken into consideration as too, as competitive pricing models carry lot of weight in this market,” he said.

At the end of the meeting, he added, “there have new windows opening to the banking system of Iran after lifting of sanctions, which makes the transaction with Iraqi banks carried out more smoothly adding to the potentials of Iran's presence in Iraq's market”.

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U.S doesn’t know much about Iran’s military capabilities

Tehran (ISNA) – U.S. information about Iran’s actual military capabilities was so limited, Iranian senior spokesman for armed forces Brigadier General Massoud Jazayeri emphasized.

“US reports on Iran’s defense power shows the country’s limited information on our actual military capabilities,” he said.

“Iran has allowed a short glimpse into its defense power for hostile countries particularly US, to confuse its enemies and prevent any potential invasion,” Jazayeri went on to say.

“Currently, the deterrence power of the Islamic Republic of Iran is based on active deterrence in a way that any aggressor is reduced to annihilation and surrender,” he added.

“It has been years since the threat of war and military aggression against our country has moved away due to our active deterrence power, but this does not mean that we will stop our progress in various defense fields,” the spokesman stressed.

“Stability and peace in West Asia region depends on removing the outside powers from this vast and strategic territory. All instances of war and bloodshed in the region are the result of wrong policies of the US and Israeli regime, as well as all corrupted and reactive governments. Yet, even if the Americans spend ten times more expenses of what they already have for dominating the region, they will never be able to achieve their sinister goals,” Jazayeri maintained.

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$70 million exports in Chabahar during last year

چابهار

Tehran (ISNA) – the worth of exports made in Chabahar Free Trade Zone during the previous year (March 21, 2016 to March 20, 2017) was near $70 million, Director General of the zone Abdolrahim Kordi announced.

“Moreover, the Chabahar Free Trade Zone is expecting to receive $2.5 billion foreign investments in coming months,” he said.

“$2 billion of the investments is related to an accord with South Koreans which should be approved by the department of environment and another $500 million is related to a joint investment with Chinese in petrochemical field,” Kordi added.

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Iran obtains self-sufficiency in water, electricity industries

TEHRAN, May 16, YJC - Iranian Deputy Minister of Energy for International Affairs Alireza Daemi said that the ministry has obtained self-sufficiency over 95 percent in water and electricity production.

Iran obtains self-sufficiency in water, electricity industries

TEHRAN, Young Journalists Club (YJC) - "Speaking of water and electricity production, the Energy Ministry has obtained 95 percent in this industry. It also stands first in the country in terms of technical and engineering services,” he said.

He also said that the ministry has managed to implement 90 mega projects in neighboring countries in building power plants, gas turbines and other equipment.

Daemi further continued that a considerable amount of equipment of the industry is made locally.


Iran, Turkey to jointly invest in medicine

TEHRAN, May 16, YJC - Iran and Turkey are after mutual cooperation in pharmaceutical industry, said Director General of Iran-Turkey Chamber of Commerce Jalal Ebrahimi.

Iran, Turkey to jointly invest in medicine

TEHRAN, Young Journalists Club (YJC) - He said that an Iranian pharmaceutical company named 'Biotechnologic' wants to establish an industrial medicine town in Turkey for exports to Europe.

Foreigners and specially Turks have increased investment in Iran, he said, adding Turkish Unit International has announced that it would soon make $3.5 billion investment in Iran jointly with South Korea.

According to Ebrahimi, the Iranian company aims to open the way of exports to Europe and Mediterranean Sea through Turkey. The Iranian company’s investment in Turkey reaches over $100 million.


Life is better for Jews in Iran than in Europe: Jewish MP

TEHRAN, May 16, YJC -A Jewish lawmaker at the Iranian Parliament (Majlis) says Jews can freely practice their religion in Iran and have always enjoyed better living conditions in the Islamic Republic than in Europe.

TEHRAN, Young Journalists Club (YJC) -"Generally speaking, the Jews’ condition in Iran has always been better than in Europe. In our country’s history, there was never a time when all Iranians had the same religion, race, or language, so there is a high degree of tolerance,” Siamak Moreh Sedgh said in an interview with Germany’s Deutsche Welle (DW), which was published on Monday.

"Jews are a recognized minority here, so we can practice our religion freely. We have more than 20 working synagogues in Tehran and at least five kosher butcheries,” he said.

The Iranian MP said that Jews and Muslims respected each other despite differences.

He said the Jewish community and other religious groups in Iran were not separated from one another, adding that Jews have economic relations with Muslims.

Moreh Sedgh, who also serves as the director of the Tehran Jewish Committee and the Dr. Sapir Hospital in the Iranian capital, said his closest friends were Muslims.

"The hospital I work in is a Jewish hospital, for example, but more than 95 percent of both our personnel and patients are Muslim,” he added.

Elsewhere in his comments, the lawmaker pointed out that Jewish children, who go to Iranian public schools, are allowed to stay at home on Saturday if they want to observe the Sabbath, the holy Jewish day.

Moreover, Moreh Sedgh drew a difference between being a Jew and a Zionist, saying some Jews were critical of the behavior of the Israeli regime and army.

"Invading other countries and killing innocent people are not Moses’ teachings,” he said.

About 9,000 Jews are said to be living in Iran.

Source:Press TV

Ghalibaf-Raesi election coalition

TEHRAN, May 19, YJC - Raeisi, a candidate of Iran’s 12th presidential election, says he will benefit from Ghalibaf’s capabilities in “Work and Dignity Government”.

TEHRAN, Young Journalists Club (YJC) - Asked about his campaign shcedual for the cumming days with respect to his coalition with Ghalibaf, Seyyed Ebrahim Raesi said that Mr. Ghalibaf’s advocates are ready to work in "Work and Dignity Government” election staff.

"Mr. Ghalibaf’s abilities, social characteristics, and management approach are good potentials and we are to make use of these potentials to constitute Work and Dignity Government”, He added.

Hojjatoleslam Raesi also asserted that Ghalibaf’s social and economic views as well as his alignment to remove unemployment and poverty in society are in line with those of Work and Dignity Government goals.
Hojjatoleslam Raesi also told about his speech before a large gathering of people in Emam Khomeni Great Mosalla, Tehran on Tuesday.

In a statement issued on Monday, Ghalibaf announced his official withdrawal from 2017 presidential elections and asked his supporters to apply all their efforts for the success of Seyed Ebrahim Raeisi’s Work and Dignity Government.

Iran candidates campaign 3 days before election

TEHRAN, May 16, YJC -Iranian presidential candidates continue electioneering three days before the vote.

Iran candidates campaign 3 days before electionTEHRAN, Young Journalists Club (YJC) -First Vice President Is’haq Jahangiri, who has been campaigning as a close associate of President Hassan Rouhani, said in a televised interview on Monday that the priority of the next administration would be to speed up tangible economic growth and a fight against corruption that would be bound by no red lines.

He said there were up to three million unemployed people in Iran and 950,000 jobs were needed each year as per the government's economic plans. He said an economic growth rate of eight percent, if achieved, would hugely contribute to job creation.

Jahangiri, who is expected to drop out of the race in favor of Rouhani, himself rerunning for office, also promised continued "powerful diplomacy and interaction” with the world toward improving the country’s economic situation.

As many as 3,000 science-based companies have been created under the current government, he said.

Raeisi seeks to cash ‘the Iran deal check’

Ebrahim Raeisi, another candidate, who has served in different capacities at the Iranian Judiciary, addressed crowds of supporters in the city of Isfahan. There, he said that the Islamic Republic’s 2015 nuclear deal with world countries — negotiated by and considered a landmark legacy of President Rouhani’s administration — had not been used to as much advantage as it could have.

He said a "revolutionary administration” was needed to cash the "check of the deal.”

Turning to the economy, he said, "The situation should neither return to how it used to be, nor should it be tolerated as it is.”

Separately, he said "a favorable attitude” toward foreign governments was wrongful but added that his potential government would engage in "interaction with all countries, especially neighbors, while retaining its authority and status.”

Aqa-Mirsalim vows govt. of the youth

Mostafa Aqa-Mirsalim, a member of Iran’s Expediency Council running for presidency, said his potential administration would be full of "strong, experienced, and vibrant” youths.

He also vowed the provision of affordable housing for young couples, saying that such affordability should not be mistaken for low quality, and that the government had to offer free land for housing operations benefiting the youths.

Two other candidates, namely Tehran Mayor Mohammad Baqer Qalibaf and former vice president Mostafa Hashemi-Taba, have effectively stood down in favor of, respectively, Raeisi and President Rouhani.

Qalibaf has asked his supporters to shift their backing to Raeisi but has not explicitly indicated an official withdrawal from the race. Hashemi-Taba has likewise said he would himself vote for President Rouhani but would not quit the race.

Source:Press TV

<div>China stresses Iran's role in Silk Road initiative</div>

TEHRAN, May 16, YJC - Iranian and Chinese ministers of economy and finance met on the sidelines of ‘New Silk Road’ summit in Beijing to stress resolve for expanding economic cooperation and removing potential obstacles ahead.

TEHRAN, Young Journalists Club (YJC) - Iran’s Economy Minister Ali Tayebnia, who was in Beijing to take part in the ‘New Silk Road’ summit, held talks with Chinese Minister of Finance Xiao Jie on Monday, where the two sides conferred on ways to further expand bilateral cooperation.

During the meeting, the two sides discussed Chinese banks’ financing of Iran’s infrastructure projects as introduced to them by the Iranian side.

The Chinese side also noted Iran’s role in the execution of the ‘New Silk Road’ plan formally known as the ‘Belt and Road Initiative’, welcoming Tehran’s participation in various related projects as well as the Islamic Republic's assistance with the implementation of the project in other countries.

Xiao Jie further highlighted his country’s firm resolve for closer cooperation with Iran and making more attempts to remove any obstacle to the increase of trade transactions between the two countries, including some international rules and regulations that could hamper Iran-China’s economic ties.

The two-day ‘New Silk Road’ summit wrapped up on Monday in Beijing, with 1,500 representatives including 850 guests from 130 countries and 70 international organizations in attendance.

Source: MNA

Official: 48 foreign airlines working in Iran

TEHRAN, May 15, YJC - 48 foreign airlines are working in Iran in planned and urgent ways, said Head of Iran's Civil Aviation Organization Public Relations Office Reza Jafarzadeh.

Official: 48 foreign airlines working in Iran

TEHRAN, Young Journalists Club (YJC) - "Over last two days, the number of foreign airlines demands for presence in Iranian market has been on the rise, and 18 companies have been added to that number, reaching 48,” he said.

Jafarzadeh added different transport delegations from foreign countries have embarked establishing flights to Iran over the last two years and following creating appropriate relations with among countries.

He said that various Iranian cities are enjoying many tourist attractions in terms of privilege, historical and cultural centers which make large number of foreign passengers welcome visiting Iran.

He said that British Airways and Air France are among 18 companies added to Iran’s foreign airlines over last 2 years.

Iran hosting int’l rail transport expo

TEHRAN, May 15, YJC - The 5th International Exhibition of Rail Transportation and Related Industries Equipment has started on Monday.

Iran hosting int’l rail transport expoTEHRAN, Young Journalists Club (YJC) - Over 300 Iranian and foreign companies are attending the expo underway in Tehran.

6 railroad of foreign countries and 5 rail industries associations of them are joining the exhibition which closes on May 18.

120 foreign companies from Sweden, Switzerland, Belgium, France, India, Ukraine, Turkey, Turkey, New Zealand, Italy, Latvia, Spain, Russia, Czech, China, Germany and Serbia are also participants as well.

Rail associations of Germany, Spain, Italy and Latvia are also participating.

Iranian companies are going to present their new business programs in the expo.

Rail equipment and services including types of carriages, wagons propulsion, feed wagons and electric and diesel locomotives.

French Carmakers Seeking Stronger Foothold in Iran’s Market: Report

-- 3,754 price_dollar (0.02%) 1 4,173 price_eur (-0.04%) -2 4,861 price_gbp -- 1,035 price_aed (0.08%) 10,000 11,770,000 sekeb (-0.01%) -1,500 12,141,000 sekee (-0.08%) -5,000 6,560,000 nim (-0.13%) -5,000 3,730,000 rob (-0.19%) -5,000 2,590,000 gerami (0.02%) 240 1,140,020 geram18 (0.02%) 310 1,520,010 geram24 (0.02%) 1,000 4,938,000 mesghal (0.05%) 60 1,237.10 ons (0.11%) 100 942.00 platinum (0.53%) 9 16.87 silver

European, Asian Firms Ready to Fund Iran’s Plane Purchases: Deputy Minister

-- 3,754 price_dollar (0.02%) 1 4,173 price_eur (-0.04%) -2 4,861 price_gbp -- 1,035 price_aed (0.08%) 10,000 11,770,000 sekeb (-0.01%) -1,500 12,141,000 sekee (-0.08%) -5,000 6,560,000 nim (-0.13%) -5,000 3,730,000 rob (-0.19%) -5,000 2,590,000 gerami (0.02%) 240 1,140,020 geram18 (0.02%) 310 1,520,010 geram24 (0.02%) 1,000 4,938,000 mesghal (0.05%) 60 1,237.10 ons (0.11%) 100 942.00 platinum (0.53%) 9 16.87 silver

Iran Rail Expo 2017 Kicks Off in Tehran

-- 3,754 price_dollar (0.02%) 1 4,173 price_eur (-0.04%) -2 4,861 price_gbp -- 1,035 price_aed (0.08%) 10,000 11,770,000 sekeb (-0.01%) -1,500 12,141,000 sekee (-0.08%) -5,000 6,560,000 nim (-0.13%) -5,000 3,730,000 rob (-0.19%) -5,000 2,590,000 gerami (0.02%) 240 1,140,020 geram18 (0.02%) 310 1,520,010 geram24 (0.02%) 1,000 4,938,000 mesghal (0.05%) 60 1,237.10 ons (0.11%) 100 942.00 platinum (0.53%) 9 16.87 silver

Iran-LatAm trade volume nearly $4bn

Iran-LatAm trade volume nearly $4bn - Mehr News Agency latin america TEHRAN, May 16 (MNA) – The current volume of trade transactions between Iran and Latin American countries stands at nearly $4 billion, but there is more capacity for cooperation, head of the Americas at Iran's Foreign Ministry said.

Director General for the Americas at Iran's Foreign Ministry, Mohammad Keshavarz-Zadeh, made the remarks on Monday during a review session of opportunities for cooperation between Iran and Latin American countries. He stressed that there is no obstacle to expansion of ties with Latin America and there is a strong political will on the Iranian side for developing relations with that side of the world.

In addition to cooperation in mine and mining industries, Iran welcomes expansion of cooperation in the fields of heavy industries, aerospace, biotechnology, and nanotechnology, he added.

He stressed that Foreign Ministry will support all Iranian companies wishing to have an active presence in Latin America.

According to Keshavarz-zadeh, many problems currently hampering the expansion of relations between Iran and the Latin American countries is due to a lack of knowledge of the existing opportunities and capacities.

He added the visits of Foreign Minister Zarif and President Rouhani to various Latin American countries in the past two years indicates Iran’s keen interest in developing ties with these nations.

The volume of foreign trade of the Islamic Republic of Iran excluding oil exports in 2016 reached nearly $90 billion, with $43.9 billion in exports and $43.6 in imports. 

MS/IRN82530844

IME trades 404,000 tons of commodities in mid-May

IME trades 404,000 tons of commodities in mid-May - Mehr News Agency Iran Mercantile Exchange TEHRAN, May 15 (MNA) – During the week ending up to May 11, Iran Mercantile Exchange was the host for trading of more than 404,997 of various commodities worth over 247 million USD in spot and side markets.

According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of IME, 151,750 MT of various products worth close to 115 million USD were traded.

On this trading floor, 145,440 MT of steel products, 5,370 MT of copper, 760 MT of aluminum, 120 MT of molybdenum concentrates as well as 60 MT of zinc were traded.

The report declares that on domestic and export oil and petrochemical trading floors of IME, 229,567 MT of different commodities with the total value of 119 million USD were traded.

On this trading floor, more than 87,243 MT of bitumen, 52,765 MT of polymer products, 34,300 MT of VB feed stock as well as 19,800 MT of lube-cut oil, 23,091 MT of chemical products, 11,400 MT of sulfur, 350 MT of insulation and 621 MT of base oil and slack wax oil were traded.

Moreover, on the agricultural trading floor of IME, 21,870 MT of various commodities worth over 12 million USD were traded. On this trading floor, 9,500 MT of wheat, 11,125 MT of sugar, 900 MT of crude vegetable oil and 345 MT of maize were traded by customers.

It is worth noting that during the last week the side market of IME witnessed trading of 1,807 MT of potash (potassium chloride), coconut powder as well as scrap metal, sesame and phosphate concentrate.

HA/PR

Iranian firms to build wide-body ships

Iranian firms to build wide-body ships - Mehr News Agency نعمت زاده TEHRAN, May 15 (MNA) – Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Lines (IRISL), and National Iranian Tanker Company (NITC) have signed a contract to build and repair ships.

Speaking at the contract-signing ceremony, Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh pointed to the significance of establishing a joint firm for building and repairing ships asserting “the partnership holds importance in view of production and design capabilities of Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) as well as that the two domestic customers are NITC and IRISL.”

The official, while describing the cooperation as a win-win deal as it fulfills interests of both manufacturer and consumer, expressed hope that the agreement will mark a model for further collaborations.

“ISOICO and SADRA Iran Marine Industrial Company were inactive when the incumbent government took office but now the barriers to their activity have been removed thanks to collective effort of officials,” Nematzadeh underlined.

Later, Managing Director of Industrial Development and Renovation Organization of Iran (IDRO) Mansour Moazemi voiced satisfaction with the turn from spirit of confrontation to that of engagement saying “on the one hand, the partnership can be viewed as a trilateral one since IDRO, IRISL and NITC are involved in the contract and on the other hand, two foreign companies are also shareholders in the project aiming to strengthen domestic capabilities.”

Also, Managing Director of Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeidi said the deal had to be signed two decades earlier and, presently, the Iranian nation are no longer after importing industries and technologies from abroad.

He also urged the industry to be enabled and active stressing that academic centers and knowledge-based firms need to form the foundation of shipbuilding industry.

Managing Director of the National Iranian Tanker Company (NITC) Sirus Kian Ersi, for his part, said the country was moving towards self-sufficiency and increased job creation expressing hope that similar steps will be taken in other sectors for the country to become more dynamic.

It is worth mentioning that the signing of the Memorandum of Understanding (MoU) between IDRO, IRISL and NITC aims to build and repair ships through indigenous partners.

HA/3978836

Iran, S Korea to bind financial markets

Iran, S Korea to bind financial markets - Mehr News Agency south korea iran TEHRAN, May 15 (MNA) – CSDI CEO has reported on formation of a special working group to connect financial markets of Iran and South Korea.

Mohammad Reza Mohseni, Chief Executive Officer and Board Member of Central Securities Depository of Iran (CSDI), said in the past two years several negotiations had been held with the Korean side over linking the two markets adding “the base mode for binding financial markets of Iran and South Korea through Islamic treasury bills is in the final stages and would be implemented in the near future in case restrictions on exchange and interbank transactions are eliminated.

Yet another measure taken by CSDI pertain to cooperation with Greece’s Hellenic Central Securities Depository and Athens Stock Exchange (ATHEX Group) aimed to develop a joint operating model between Iran and Greece capital markets, said Mohseni.

The official said various models including Exchange-traded funds (ETFs) have been designed to connect the two markets and Bank Mellat will hopefully provide proper grounds for monetary and banking affairs of the joint venture.

Head of Central Securities Depository of Iran (CSDI) also called for formation of two working groups to develop a system for payment and settlement of transactions aimed at hedging against risks and joint collaboration to enhance international relations.

HA/3978350

France’s new govt. fully respects Iran nuclear deal

France’s new govt. fully respects Iran nuclear deal - Mehr News Agency

French amb.:

Francois Senemaud TEHRAN, May 15 (MNA) – French Ambassador to Tehran Francois Senemaud stressed that the new government of France, as one of the signatories to the Iran’s nuclear deal, will abide by its commitments under the agreement.

The French ambassador made the remark in a meeting with the governor of Fars Mohammad Ali Afshani in Shiraz on Sunday.

During the meeting, he stressed that France is a good economic partner to Iran and will make every effort to further expand relations with the Islamic Republic.

“Big automobile and aircraft deals have been signed between Iran and France and now we need to endevour to get smaller contracts signed by French companies,” Francois Senemaud added.

He highlighted the importance of oil and gas cooperation between the two countries, saying “35 French companies took part in Iran Oil Show 2017, and established good connection with the Iranian firms.”

Iran International Oil, Gas, Refining and Petrochemical Exhibition, dubbed Iran Oil Show 2017, was held on 6-9 May with 4,000 exhibitors from across the globe, including 811 pavilions representing nearly 1,500 foreign companies from 37 countries.

The governor of Fars, for his part, said he expects France to further expand its international relations with Iran and province of Fars; “given the prestigious stand of French universities, we are ready to exchange professors and students between our universities,” he added.

“We welcome the presence of French investors, cooperation on technology transfer, as well as scientific interactions in the medial, technical and engineering fields,” he said.

“We welcome any investment in the field of gas,” he stressed. 

MS/IRN82529506

<div>S.Korea's Iranian crude imports up 63%</div>

Tehran (ISNA) – South Korea's oil imports from Iran increased 63.5 percent compared to the previous year.

South Korea, one of Iran's main Asian customers, imported 1.41 million tonnes of Iranian crude in April, or 344,933 barrels per day (bpd), customs data showed on Monday. That was down 37.5 percent from nearly 2.3 million tonnes in March, but still up 63.5 percent from 863,557 tonnes a year earlier.

Iran has sold all the crude that it stored at sea during years of sanctions over its contentious nuclear programme, shipping and oil sources said last month.

Since sanctions were eased in January 2016, Iran has been ramping up oil output to try and regain its lost market share.

South Korea, the world's fifth-largest crude importer, brought in about 7.1 million tonnes, or 433,659 bpd, of crude from Iran in the first four months of the year, up 86 percent from 3.82 million tonnes a year ago.

South Korea's crude imports from Saudi Arabia, the world's top crude exporter, in April fell 15.1 percent to 3.56 million tonnes, or 859,127 bpd, from a year ago.

The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia agreed to cut output by almost 1.8 million barrels per day in the first half of this year. Producers will meet on May 25 to discuss extending the cuts.

Overall, South Korea's crude oil imports in April fell 5.6 percent to 11.31 million tonnes, or 2.76 million bpd, from a year earlier, the data showed.

For the January-April period, the country imported 48.25 million tonnes of crude, or 2.95 million bpd, up 2 percent from 47.3 million tonnes a year ago.

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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.

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