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Brazilian Firms keen on Iranian Oil Projects

By editor on in Oil & Gas

Brazilian Mining and Energy Minister Fernando Coelho Filho said his country is keen for cooperation in the development of Iranian oil and gas projects.

State-run Petrobras oil company and other firms in Brazil are ready to cooperate with Iranian oil majors and participate in the country’s oil and gas projects, Coelho Filho said on Tuesday during a meeting with Iranian Oil Minister Bijan Namdar Zangeneh in Tehran, Shana news agency reported.

He added that a Brazilian energy delegation would travel to the Iranian capital in the near future to explore opportunities in the Iranian oil market.

The Brazilian minister also said talks between Tehran and Brasilia on enhancing ties in the energy sector would continue.

Zangeneh, for his part, said Tehran welcomes Brazilian firms’ participation in the country’s oil projects.

He added that the Islamic Republic plans to export crude to the South American country in the future.

With 200 million people and a gross domestic product of some $2 trillion, Brazil is Latin America’s largest economy and its most populous country.

(Source: Tasnim, under Creative Commons licence)

Iran Discovers Huge Iron Ore Reserves

Iran Keen to Cement Ties with South Africa

Tags: Brazil, featured, Petrobras

Iran Discovers Huge Iron Ore Reserves

By editor on in Construction, Security

By John Lee.

Iran has reportedly discovered huge reserves of iron ore in Yazd province.

Press TV quotes the Director General of Yazd’s Industry, Mine and Trade, Mohammad Reza Alamdar-Yazdi, as saying that new find is estimated to hold two billion tonnes of reserves, with iron content of 70 percent, at a depth of 1,500 meters.

He added that the country’s total reserves of iron ore were already in excess of 3 billion tonnes.

(Source: PressTV)

(Picture: Sangan Iron Ore Mine)

Iran’s New Industrial Policy to “Transform Political Economy”

Brazilian Firms keen on Iranian Oil Projects

Tags: featured, iron, iron ore, mining

Iran’s New Industrial Policy to “Transform Political Economy”

By editor on in Industry, Politics

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

New Industrial Policy Poised to Transform Iran’s Political Economy

This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well as Russian logistics company Transmashholding.

Under each of these new deals, a foreign multinational corporation has agreed to establish a new joint-venture company in Iran in which it will be the majority shareholder. In the cases of Renault and Alstom, each will control 60% of their respective joint ventures. Russia’s Transmashholding will own 80% of its new partnership; its higher shareholding perhaps explained by the fact that it is itself a state-owned enterprise.

In all of these deals, IDRO — which was established under the Shah in 1967 — will act as a relatively passive shareholder. This is because it is not an industrial company, but rather a holding company formed under the auspices of the Ministry of Industry, Mine and Trade.

This means that for the first time in post-revolutionary Iran, major industrial contracts are being concluded in which the foreign party not only enjoys control of its local entity but also avoids necessarily needing to partner with an Iranian firm from an operational standpoint.

This shift, in which state ownership in Iran is transitioning from an emphasis on industrial operation to financial shareholding, is highly significant. It represents a dramatic innovation in the Iranian political economy and may act as one of the single most significant catalysts for Iran’s ability to attract foreign direct investment in a world of globalized capital.

While Iran has long allowed foreign companies or investors to own up to 100% of an Iranian entity, in practice the provision did not extend to “national industries” outlined in Article 44 of the Islamic Republic Constitution, which include the energy sector, the automotive industry, mining and aviation, among others. Yet President Hassan Rouhani’s administration has used its strong mandate for economic reform to interpret Article 44 more liberally.

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Iran’s Condensate Exports Rise 18 Percent

Iran Discovers Huge Iron Ore Reserves

Tags: Alstom, featured, France, Industrial Development and Renovation Organization of Iran (IDRO), Iran Khodro, Iran Petroleum Contract (IPC), MAPNA, Peugeot, Renault, Russia, Siemens, Transmashholding

Iran’s Condensate Exports Rise 18 Percent

By editor on in Oil & Gas

There has been an increase of 18 percent in exports of Iran’s condensate to global markets, the ultra light fuel, over a period of five months starting 21 March 2017.

Masoud Hassani, the managing director of South Pars Gas Complex (SPGC), which is responsible for the bulk of Iran’s condensate production and exports, said that SPGC condensate production over the same period had also increased by above 13 percent to reach around 87 million barrels.

South Korea is a key importer of Iran’s condensate and buys an average of 6 million barrels per month – or 200,000 barrels a day – of the crucial fuel from Iran.

Last December, Iran announced that it was already expanding the market for its condensate – which can be used to make both fuel and plastic.

Hassani told the domestic media at the time that the country had to the same effect sent its first cargo of one million barrels of condensate to Europe.

In January, a record export level of 24 million barrels was reported with officials saying the volume had been stored over several months in tankers at sea.

On the same front, Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), stated at the time that Iran’s condensate production had reached 550,000 bpd.

South Pars gas field – which is located in the Persian Gulf – hosts the bulk of Iran’s natural gas reserves. The joint field – called the North Dome field in Qatar – is the world’s biggest largest gas field with estimated reserves of 51 trillion cubic meters of natural gas and some 50 billion barrels of condensate.  Experts believe that the field has more recoverable reserves than all other fields combined.

(Source: PEDEC)

Iran, S. Africa Consider Reciprocal Investment

Iran’s New Industrial Policy to “Transform Political Economy”

Tags: Condensates, featured, gas exports, National Iranian Oil Company (NIOC), Qatar, South Korea, South Pars Gas Complex (SPGC)

Methanol Sales Deal with German Firm

By editor on in Industry

Iran’s Marjan Petrochemical Company has clinched a contract with a major German firm over sales of methanol produced at a petrochemical plant which will come on stream soon, an official said.

“Marjan is the first petrochemical company to have sealed a contract for sales of products with European companies,” Hassan Beigi, the managing director of the facility in Iran’s Assaluyeh energy zone said, according to Shana news agency.

He added the plant is 96 percent complete and will operate with a capacity to produce 1.65 million tons of methanol per year, with the feedstock coming from South Pars gas refineries.

Methanol is used as an antifreeze and in feedstock to produce acetic acid and formaldehyde. It has been tipped as alternative fuel in ships. In 2014, Japan and South Korea won the first orders to build vessels powered by methanol.

Germany’s BASF – the world’s largest chemical producer – has been cited by Iranian officials as planning to make an investment of $4 billion in Iran’s petrochemical industry. Munich gas manufacturer Linde is also reportedly interested in investment worth billions of dollars in the Iranian petrochemical industry.

(Source: Tasnim, under Creative Commons licence)

Oil Swaps bring Iran, Caspian Neighbours together

Iran, S. Africa Consider Reciprocal Investment

Tags: Assaluyeh, BASF, featured, Germany, Linde, Marjan, Marjan Petrochemical Company, Methanol, petrochemicals

<div>Iran's 1st flare gas recovery deal inked with France</div>

TEHRAN- The National Iranian Oil Company (NIOC) signed the first deal on flare gas recovery and utilization with a consortium comprising France’s Sofregaz Company and Iran’s Sanat Sazeh Samin Company in Tehran on Wednesday.

The deal valued at €41.857 million to be funded by NIOC is on recovery and utilization of about half million cubic meters of flare gas in the second refinery of South Pars gas field (phases 2 and 3) in southwest Iran. The project’s implementation time is scheduled to be 24 months and it will become operational in six months.

 ‘To be a reference in region’

Addressing the signing ceremony of the deal, Yann Aubry Lecomte, the managing director of Sofregaz Company, expressed his happiness about this project and said: “We are very happy to be in this project because it is a project for the next generation and we are very happy to participate in it. It is a very important project that we are sure will be a reference in the region.”

“Three years ago we began the hard work with our partner Samin and we found the collaboration on this project very fruitful”, he said and announced that the purpose of the project is to recover at least 25 percent of the flare gas.

“We are very happy for enjoying the economic advantage, the environmental benefits and the best new technology as gas engineering to recover the flare gas”, the French director further underlined.

Sofregaz is a worldwide recognized player in the gas market, specialized in high level services covering the full chain of natural gas: field gathering, treatment, transmission, underground storage, liquefaction, and degasification.

‘Complete transfer of technology’

Addressing the same ceremony, Kourosh Ahanj, the managing director of Sanat Sazeh Samin Company, said technology will be completely transferred to the Iranian side in this project.

“The cost of project will be returned within one and half years, so it will be a very feasible project for the country”, he also highlighted.

Sofregaz started its cooperation with Iran during the sanctions time and this cooperation has been continuous over the past three years, Ahanj noted.

 ‘$500m for flare gas recovery in other South Pars refineries’

In another part of the ceremony, Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC) which is in charge of implementing South Pars development phases, said that his company has already implemented about $70 billion worth of projects which is planned to reach $90 billion.

“Of the rest $20 billion, we will invest about $500 million for flare gas recovery in the other 12 refineries of South Pars in a bid to remove the flaring problem in the region”, he added.

Reducing industrial pollutants is an issue under the spotlight in most of the country’s upstream projects and it is one of the serious concerns of the Iranian officials, Meshkinfam stated.

Fortunately, in the past two years and after the implantation of Iran’s nuclear deal (known as Joint Comprehensive Plan of Action) many fruitful measures have been taken in this due that today’s deal is one of their results, he explained and said: “It is hoped that it will be a beginning for the other South Pars phases and we will apply the flare recovery system in 13 refineries of the region.”

“Our planning for South Pars refineries is no flaring, but unfortunately because of the sanctions and lack of cooperation from the international companies, our repair operation faced some challenges during the sanctions time. We hope that now after the sanctions there will be good cooperation between the manufacturers and developers in a way that the flaring problem will be resolved noticeably”, the POGC managing director concluded.

South Pars is a giant gas field Iran shares with Qatar in the Persian Gulf. It is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.

PHOTO: Sofregaz Managing Director Yann Aubry Lecomte (1st sitting L), Sanat Sazeh Samin Managing director Kourosh Ahanj (1st sitting R), POGC Managing Director Mohammad Meshkinfam (1st standing R), and NIOC Deputy Director for Engineering and Development Gholamreza Manouchehri (1st standing L) / Photo: Mojtaba Mohseni (NIOC)

Iran’s exports to Turkey grow 80% in 7 months

TEHRAN- Iran’s exports to its western neighbor, Turkey, witnessed an increase of 80 percent during the first seven months of 2017 and stood at $4.5 billion, Tasnim news agency reported on Tuesday.

According to the latest data published by Turkish Statistical Institute, Iran-Turkey trade transactions in the said period increased 16 percent in comparison with the preceding year, and reached $6.3 billion from its previous $5.4 billion. 

As reported, the growth in trade between the two countries is due to the boost in imports of Turkey from Iran. From January to July 2017, Turkey imported $4.5 billion of goods from Iran, registering 80 percent growth from the same time span in 2016 when the figure stood at $2.5 billion.

Meantime, Turkey’s exports to Iran in the same period decreased 37 percent dropping down to $1.8 billion in the said period in 2017 from its previous $2.9 billion in January-July, 2016.

Oil and gas constitute major imports of Turkey from Iran. 

Iran is recognized as the 10th destination of Turkey for exporting its goods while it is the 7th supplier of goods for Turkey, the same report confirmed.


TCCIMA hosts Confederation of Indian Industry’s delegation

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a trade delegation from Confederation of Indian Industry (CII)on Tuesday morning, the portal of the Iranian private body reported.

In this regard, a meeting was held between TTCIMA Head Masoud Khansari, Indian Ambassador to Tehran Saurabh Kumar, and Co-Chairman of CII Naushad Forbes.

Emphasizing the two sides’ efforts on exchanging investments during this meeting, Khansari said that Iran and India have suitable economic capacities for developing their ties, and their economic bonds should not accordingly be restricted merely to trading goods. “To reach sustainable economic exchanges, investments should be made in both countries,” he added.

Forbes, for his part, named the current difficulties in banking transactions between the two countries as the main impediment on the way of boosting their common economic ties. “May be we can increase Iran-India trade ties by establishing a bank focused on bilateral trade.”

The Indian Ambassador to Tehran, for his turn, referred to Indian prime minister’s visit to Tehran and his meeting with Iranian president in the preceding year saying that MOUs on some joint projects were inked last year and today we see Indians are making investments in Iran with an increasing trend. 


OPEC compliance with supply-cut deal increasing: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said that the OPEC member states’ compliance with the agreement to reduce output has improved in recent months, Shana news agency reported.

The minister made the remarks addressing the reporters before his meeting with Brazilian Minister of Mines and Energy Fernando Coelho Filho in Tehran on Monday.

Under the agreement OPEC is curbing its collective oil production by about 1.2 million barrels per day (bpd), while Russia and some other non-OPEC producers are cutting a further 600,000 bpd until March 2018.

"I think the oil market is balanced. OPEC members' compliance with output cuts has not fallen in the last six months; it has increased," Zanganeh noted.

After his meeting with Filho, Zanganeh told the reporters that he has invited Brazilian oil companies to cooperate with Iranian oil sector.

“We invited directors of Petrobras (semi-public Brazilian multinational oil corporation) to Iran to negotiate on cooperation for development of Iran’s South Pars oil layer and also their contribution in extraction of oil from Caspian Sea”, the minister added.

Filho, for his part, referred to the intention of Brazilian oil industry’s representatives for presence in Iran and said: “We will study Iran’s request for receiving Brazilian technology and the ways to broaden the bilateral cooperation.”

The Brazilian minister referred to the experience of Petrobras in extracting oil from seven kilometers depth of waters and highlighted: “We enjoy high experience and technology in this field and hope that we could work here [in Iran] as well.”


PHOTO: Iranian Oil Minister Bijan Namdar Zanganeh (L) and Brazilian Minister of Mines and Energy Fernando Coelho Filho answering the questions of reporters after their meeting in Tehran on Monday

Iran, Georgia hold joint business forum in Tehran

TEHRAN-Iran-Georgia joint business forum was held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and in the presence of both countries’ ambassadors, the official portal of ICCIMA reported on Monday.

Addressing the forum, Georgia’s Ambassador to Tehran Ioseb Chakhvashvili called Georgia a small country that can act as a bridge between Asia and Europe saying that “Iranian goods can be exported to Europe, some cities of Turkey, Ukraine, and Romania via Georgian ports.”

Making remarks in the same event, Iranian Ambassador to Tbilisi Javad Qavam-Shahidi referred to the 6th meeting of Iran-Georgia Joint Economic Committee, which is set to be held in Georgia on October 9 and 10, 2017, underlining that the two countries should seize the upcoming event for developing bilateral economic bonds and capacities.

The Iranian Head of Iran-Georgia Chamber of Commerce Fatemeh Moqimi, for her part, highlighted the vitality of holding the joint economic committee meeting on the way to foster mutual economic ties.


Tehran hosting 2 intl. exhibitions on mode, floor covering

TEHRAN- Tehran is hosting the 9th International Floor Covering, Moquette, Machine-woven Carpet and Related Industries Exhibition and the 5th International Apparel Exhibition (Iran Mode 2017) at the Tehran Permanent International Fairground from September 4 to 7, IRIB news reported on Monday.

As reported, some 120 Iranian and foreign companies from Turkey, China, and Taiwan are showcasing their latest products and services at the 9th international floor covering expo.

Transfer of knowledge and data between producers and consumers, improving the quality of Iranian products, creating jobs, marketing, increasing exports, and etc. stand among the main targets of holding Iran Mode 2017.


Transit of goods via Iran rises 24%

TEHRAN- Transit of goods via Iran rose 24 percent during the first five months of the current Iranian calendar year (March 21- August 22) compared to the same period of time in the past year, according to a transport official.

Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation Organization, said over 4.018 tons of commodities have been transited via the country during the mentioned time, IRNA reported on Monday.

Of the mentioned figure, 1.229 million tons were oil products and 2.789 million tons were non-oil goods, he added.


Petchem output up 6% in 5 months

TEHRAN- Petrochemical production in Iran increased by 5 percent during the first five months of the current Iranian calendar year (March 21- August 22), Shana quoted Ali-Mohammad Bossaqzadeh, the production control director of National Petrochemical Company (NPC), as saying.

In July, Bossaqzadeh announced that seven new petrochemical projects were planned to be implemented in the country by the end of current calendar year (March 20, 2018).
He put petrochemical output at 51 million tons in the past calendar year, saying that the figure is estimated to reach 56 million tons by the end of this year, posting a record for the second consecutive year.


Iranian economy needs local investors supersede foreigners: Fraser’s founder

Professor Michael Walker, the founder of Fraser Institute, believes that Iran should attach priority to motivate its citizens to invest in the country rather than attracting foreigners to do so.

Fraser Institute is a Canadian think tank which is the publisher of Economic Freedom of the World annual survey that attempts to measure the degree of economic freedom in the world's nations. Index of Economic Freedom measures economic freedom based on trade freedom, business freedom, investment freedom, and property rights.

Addressing a meeting held by Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) in Tehran on Monday on the issue of economic freedom in Iran, the Canadian professor said: “I often say to them [Iranians] why you are concerned about foreigners’ investment in the country and not the citizens investing in the country.” 

“You should first of all be concerned for getting investment from Iranians here in the country. As important as it is to attract investment from outside your country, even more important is to keep people in your country”, he added.

‘It’s up to you to keep Iranian partners here’

Walker, who is from West Vancouver, said that there are 500,000 Iranians living there. 

He referred to the proper business environment existing where he is living  that have attracted some best business people from Europe and very best ones from Iran and said: “I am proud of that, but it’s up to you to keep your environment attractive to keep your good partners in Iran.”

Elsewhere in his remarks, the Canadian economist referred to Iran’s economic freedom index and said Iran is ranked 150th out of 156 countries in the world. 

He said some people would say it’s because of the sanctions; while he denied it and said sanctions do not have anything to do with the bad policies for example in the country’s labor and also investment sectors. 

“These are things that you are going to have to deal with”, he asserted.
‘Do things with least amount of opposition first’

In an exclusive interview with the Tehran Times on the sidelines of the meeting, the Canadian professor said for promotion of Iran’s economic freedom the measures with the least amount of opposition should be taken first.

He said: “We have got 42 different indicators [for measuring economic freedom]. In any movement in any of those, whether its tax rate or tariffs or regulations against employment or regulations against business to higher level of government involvement in the ownership of the enterprises, all of these things are important and as we’ve seen when we look at the other countries in the world who prospered it’s by getting all of those things right that you really get the maximum level of economic development.”

“And so for me to pick any one of those, you have I think in your package got the least of all of those indicators and it’s really you should do the things that can be done right away”, he stated.

“The things that can be done fastest and can be done with the least amount of opposition, do them. And then work on the thing that are going to be more difficult like be more privatizing government enterprises and getting the government out of business and getting the government out of the exchange market and those things are going to be difficult. So do the easy thing first”, the professor concluded.


Over 1000 exhibitors to participate in Iran Plast 2017

TEHRAN - The 11th International Exhibition of Plastics, Rubber, Machinery and Equipment of Iran (Iran Plast 2017) is scheduled to be held on September 24-27 at Tehran International Permanent Fairgrounds.

According to Shana, over 1000 domestic companies and foreign exhibitors from 24 different countries are reported to be participating in this year’s event.

During the four-day exhibition, Iranian exhibitors along with renowned companies and firms from countries like  Germany, China, India, Cyprus, Taiwan, France, Italy, South Korea, Finland, Switzerland, Austria, Serbia, Luxembourg, Belgium, Thailand, Czech Republic, Greece, Denmark, the Netherlands, Spain, United Arab Emirates, Japan, Turkey and etc. will be showcasing their latest products and achievements in plastics and rubber industry.


Serbia abolishes visa for Iran


Tehran (ISNA) - Serbia has abolished visas for Iranian and Indian nationals.

The press service of the Serbian government announced that from now on, the citizens of Iran and India do not need to apply for a visa to travel to Serbia.

This decision was taken at the meeting of the Serbian government on Tuesday (22 August) to pay attention to tourist interests and attract Iranians and Indians to this European country.

End Item

European countries to cooperate in railway industry in Iran

Tehran (ISNA) - The Iranian Railway Company has announced that it is continuing negotiations with Germany, Britain, France, Spain and Italy for their participation in the Iran’s railway industry.

One of the main axes is to develop the internal rail corridors and the connection of the Iranian railway to its northern, eastern and western neighbors, some of which have been finalized and others are in the final stage.

The deputy of the Iranian Railway Company for transport planning and economy stressed that one of the important projects of this company is to link the Astara-Astara railway between Iran and the Republic of Azerbaijan.

He then pointed out that Iran is negotiating with Italy and Spain to build high-speed rail lines, with Germany, France and Italy to supply the high speed fleet and also with China and South Korea to provide the passenger and suburban fleet.

“We also hold discussions with Russia, Ukraine, India and other European countries in order to electrify the railway lines,” the official said.

End Item

Iran is ready to dialogue with Riyadh to resolve regional crises: Zarif

Tehran (ISNA) – Iranian foreign minister Mohammad Javad Zarif, who won the confidence vote of Parliament’s members for the second term, spoke with ISNA news agency in an exclusive interview.

In this interview, Mr. Zarif answered questions about the latest development in the Iranian foreign policy, region, structural changes in the second term and employing female diplomats in the foreign ministry’s management positions.

The relations between Iran and Saudi Arabia

Pointing to the Saudi Arabia's policies in the region, Zarif said, “Iran has always wanted to have good relations with its neighbors, but we believe that Riyadh’s policies in the region are destructive and even to the detriment of itself".

"In Iran, we insist on the establishment of a safe, strong and convergent region which is in line with the national interests of Iran and the region. Iran's policy for interaction with the regional countries and Saudi Arabia is within this framework and has not changed," he said.

"We have always emphasized that we are ready to dialogue with Saudi Arabia to resolve the crises in the region, whereas Riyadh unfortunately did not do this and sees its interests in creating tension in the region," Zarif noted.

Female ambassadors in the new term

On the other hand, the Iranian foreign minister said that the first female deputy foreign minister and the first female ambassador of Iran after the Islamic Revolution were appointed in his first term.

"I hope that in the second term, we can choose one or two other female ambassadors," Zarif went on to say.

End Item

Iran’s export to Syria double

Tehran (ISNA) – Iran’s exports to Syria over the first four months of the current fiscal year (March 21- July 22) has doubled comparing to the same period of the last year, the Trade Promotion Organization of Iran announced.

“Iran exported $58 million worth of goods to Syria during the first four months of the current fiscal year (March 21-July 22), registering a 100% increase compared with the corresponding period of last year,” the director general of Arab and African States Department of Trade Promotion Organization of Iran Farzad Piltan said.

“The main exported commodities were minerals, pharmaceutical supplements, milk powder, steam turbine spare parts, anesthesia devices, faucets, natural sterilizers and radars,” he added.

Iran is among the 43 countries participating in the 59th Damascus International Fair, which kicked off on Thursday after a 6-year hiatus.

End Item

<div>Iran's latest oil output, export volume</div>

تولید نفت

Tehran (ISNA) - The Iranian deputy minister of petroleum announced the latest statistics on the volume of output and export of Iran’s crude oil.

“Iran adheres to its commitments to the Organization of Petroleum Exporting Countries (OPEC) over the crude oil output,” Iranian deputy minister of petroleum Ali Kardor said.

"According to the latest statistics, the capacity of Iran's crude oil output is 3.95 million barrels per day," Kardor said.

About the latest statistics on the volume of crude oil export, he noted, "Iran currently exports 2.2 million barrels of crude oil per day".

End Item

IRGC denies plans to stage joint operation with Turkey outside Iran’s border


Tehran (ISNA) - The Islamic Revolutionary Guards Corps (IRGC) has denied the possibility of a joint military operation with Turkey against the PKK outside of the Iran’s borders.

It came after Turkey’s president said the two countries were considering joint action against the Kurdistan Workers’ Party (PKK).

“We did not prepare any operational plans outside the borders of the Islamic Republic of Iran but as in the past, we will strongly encounter any group or individual who seeks to enter the territory of the Islamic Republic of Iran to conduct terrorist acts or acts against the security,” IRGC’s Hamze Sayyid al-Shohada Base said in a statement.

“Although Iran has no plans for conducting any operations outside its border, but if any terrorist group who have been active in recent years in north of Iraq with the support of our enemies seeks to enter the territory of the Islamic Republic of Iran to conduct terrorist acts or acts against the security will be targeted wherever they are,” it added.

End Item

Iran’s deputy FM, Lebanese premier meet in Beirut

Tehran (ISNA) - Iran’s deputy foreign minister and the Lebanese prime minister have discussed issues of mutual interest in a meeting in Beirut.

During the meeting, Iranian deputy foreign minister for Arab and African affairs Hossein Jaberi Ansari and Lebanese Prime Minister Saad Hariri discussed bilateral issues as well as the developments in Lebanon and the region.

Jaberi Ansari conveyed the greetings of Iranian first Vice President Es’haq Jahangiri and foreign minister Mohammad Javad Zarif to the Lebanese premier.

The top Iranian official further touched upon the beginning of Iranian President Hassan Rouhani’s second term in office, and said Tehran stands ready to enhance relations with Beirut on all fronts.

Jaberi Ansari said regional crises could be settled through dialogue, understanding, and political partnership, describing Lebanon as a good example of national consensus and domestic coexistence.

Hariri, in turn, conveyed his greetings to President Rouhani as well as Mr. Jahangiri and Mr. Zarif, and expressed the hope that the two countries would further boost mutual ties.

He said cooperation and partnership among Lebanon’s different political groups is the main driving force behind the Lebanese government’s recent accomplishments, and added, “We are determined to continue this approach.”

“Two dangers, namely the Zionist regime of Israel and terrorism, are threatening Lebanon and the region,” the Lebanese PM added.

Jaberi Ansari also echoed Hariri’s remarks concerning the two threats, and noted, “These two threats can serve as common ground for promotion of Iran-Lebanon ties as well as regional cooperation”.

End Item

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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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