Iran has improved Asalouyeh Gas Condensate Export Terminal so that three vessels can call at the terminal for loading gas condensate (ultralight crude oil) at the same time.
Head of the terminal Gholamabbas Heidari said very important measures have been taken in the terminal for facilitating export of the item which include bolstering infrastructures as well as enhancing berthing, delivery and loading capacity of the terminal.
By improving is export capacity, the Iranian Oil Terminals Company (IOTC) has been able to meet international standards in various operational sectors, he added.
Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year.
“This is an agreement for one year and then we will see after that whether to renew it,” Luaibi told reporters in Kuwait City on the sidelines of an Arab oil ministerial meeting, Reuters reported.
The agreement signed on Friday by the two OPEC countries provides for Iran to deliver to Iraq’s southern ports “oil of the same characteristics and in the same quantities” as those it would receive from Kirkuk.
The deal in effect allows Iraq to resume sales of Kirkuk crude, which have been halted since Iraqi forces took back control of the fields from the Kurds in October.
Between 30,000 and 60,000 bpd of Kirkuk crude will be delivered by tanker trucks to the border area of Kermanshah, where Iran has a refinery.
The two countries are planning to build a pipeline to carry the oil from Kirkuk, so as to avoid trucking the crude.
The pipeline could replace the existing export route from Kirkuk via Turkey and the Mediterranean by pipeline.
(Sources: Tasnim, under Creative Commons licence; Iraqi Ministry of Oil)
TEHRAN – The 24th international exhibition of printing, packing and related machinery kicked off on Wednesday at the Tehran Permanent International Fairground.
More than 650 companies from Iran and 12 other countries including Italy, Sweden, England, Switzerland, Spain, Austria and Japan will showcase their latest products and services during the four-day event, IRNA reported.
A conference and four specialized workshops in various fields of printing and packaging industry are also scheduled to be held on the sidelines of the exhibition.
TEHRAN – A new shipping route between Iran and Oman will be launched in late December.
It will connect Iran’s port city of Khorramshahr to the Omani port of Sohar, Trade Promotion Organization of Iran reported, citing Abbas Abdolkhani the Iranian commercial attaché in Oman.
The first shipping route between the two countries was put into operation in March 2015 between Iran’s Bandar Abbas and Oman’s Sohar.
“Operated by an Iranian privately-owned company, the service will run every two weeks for one year and will be increased in the future,” the official said.
In December 2016, Iran and Oman inaugurated direct shipping routes from two Omani ports to the Iranian port of Shahid Bahonar.
TEHRAN – China’s private sector is eager to meet its energy needs through Iranian energy resources, Shana quoted the head of China International Chamber of Commerce for the Private Sector as saying on Tuesday.
Wang Yanguo made the remarks in a meeting with Iranian Oil Minister Bijan Namdar Zanganeh in Tehran.
“China has a shortage of energy resources, while Iran, our old friend, has rich oil and gas reserves, which can help expand relations between the two countries,” Yanguo said.
Zanganeh, for his part, said the two countries have the potential to boost cooperation in private investments as well as oil and petrochemical projects.
China is the main buyer of Iranian crude oil. Chinese imports from Iran in September rose nearly 60 percent from a year ago to about 784,000 barrels per day, down from August when China imported the highest monthly amount since 2006, according to a Reuters report.
Photo Caption: Iranian Oil Minister Bijan Namdar Zanganeh (R) receives a gift from Wang Yanguo, head of China International Chamber of Commerce for the Private Sector, on the sidelines of a meeting in Tehran on Tuesday.
TEHRAN - French oil and gas consulting company Beicip-Franlab S.A. signed an agreement with Iran’s Research Institute of Petroleum Industry, also known as RIPI, for conducting studies to develop Homa gas field in southern Iran.
Based on the agreement, the French company will prepare a development plan and also share knowledge on advanced upstream processes, Shana reported on Wednesday quoting Touraj Behrouz, an official with RIPI.
The project aims to come up with a mechanism for controlling the field’s water influx and increasing recovery factor.
TEHRAN - Russia's energy giant Gazprom signed a memorandum of understanding with the National Iranian Oil Company to cooperate in the Iran LNG project which is estimated to cost $4 billion.
Gazprom CEO Alexey Miller and NIOC Managing Director Ali Kardor signed the agreement in Tehran on Wednesday.
On the sidelines of the signing ceremony, Iranian Oil Minister Bijan Namdar Zanganeh said the method of cooperation will be specified in coming months, Shana reported.
As per the agreement, Gazprom should conduct financial and technical studies over the course of six months and finalize its offer for holding a stake in the project.
Miller said for his part that the Russian company will present results of study on four Iranian gas fields, namely Farzad A, Farzad B, North Pars, and Kish in the first quarter of 2018 to the Iranian Oil Ministry.
TEHRAN – Tehran is scheduled to host the 14th Iran-Belarus joint economic committee meeting on January 22-23, 2018.
The previous joint economic committee meeting had been held in Minsk in May 2016, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture reported.
During the 13th meeting of Iran-Belarus joint economic committee, the two countries inked an economic cooperation roadmap for 2016-2017, according to which bilateral trade will reach $250 million per annum, up from the current $75 million.
TEHRAN - Swiss Company Autoneum signed an exclusive license agreement with Iranian automotive supplier Ayegh Khodro Toos (AKT) to jointly produce and distribute components in Iran, Reuters reported citing the company.
AKT will produce carpet systems and inner dashes at its plant in Mashhad for IKAP, a joint venture between carmaker Iran Khodro and PSA, the French automotive group.
The first vehicle equipped with Autoneum components, a sport utility vehicle, will be launched in early 2019, the Swiss group said.
TEHRAN – Iran is considering the use of domestic finance for the purchase of Airbus and Boeing airplanes, Tasnim reported on Tuesday quoting an official with flag carrier Iran Air.
“We prefer to use domestic finances rather than depending on foreign financers,” Iran Air public relations director Masoumeh Asgharzadeh said.
The official noted that some fruitful negotiations have been done in this regard and the flag carrier will make announcements in the near future.
She further asserted that both Airbus and Boeing have expressed readiness to directly fund the purchases in case of lacking domestic finance offers.
Airbus, Boeing reps in Tehran next week
According to Asgharzadeh, representatives of Airbus and Boeing are due to visit Tehran next week to discuss financial issues.
Iran Air inked a deal with Boeing on December 11, 2016 to buy 80 aircrafts valued at $16.6 billion.
The national flag carrier also signed a deal with the French giant plane maker Airbus on January 28, 2016 for the purchase of 118 Airbus jets worth $27 billion.
TEHRAN - Iran-Pakistan Joint Chamber of Commerce was officially opened in Tehran on Sunday, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture reported.
The value of trade between Iran and Pakistan hit $1.2 billion in the past Iranian calendar year (ended on March 20, 2017) increasing from $861 million in its previous year and the figure is planned to increase to $5 billion by 2021.
TEHRAN- Iran exported $495.827 million worth of pistachio during the first eight months of the current Iranian calendar year (March 20-November 21), Tasnim reported on Monday citing customs 8-month data.
The country’s weight of exported pistachio stood at 59,744 tons during the mentioned time span, indicating an 18 percent fall from the figure of last year’s first eight months.
Iran exported 130,000 tons of pistachio worth $1.2 billion to 70 countries in the previous Iranian calendar year (which ended on March 20).
TEHRAN – Representatives from private sectors of Iran and South Korea signed 22 memorandums of understanding (MOUs) in Tehran on Sunday to expand cooperation in technology transfer areas. The MOUs were signed during the 4th Iran-South Korea Small and Medium Enterprises (SMEs) Technology Matching Conference, which was attended by officials from both sides along with managers of eight South Korean […]
More than 3 million square meters of handmade carpets are annually woven in Iran, two-thirds of which are exported and the rest is used to meet the domestic demand, the head of Iran National Carpet Center said. “More than 3,000 tons of hand-woven carpets worth $269 million were exported from Iran during the eight months to Nov. 21, registering a […]
Ahead of the publication of the Global Corruption Report by Transparency International, the Tehran Chamber of Commerce, Industries, Mines and Agriculture organized its annual anti-corruption event on Monday. Held to mark the International Anti-Corruption Day on Dec. 9, the event was attended by top private sector officials as well as representatives of the United Nations and International Chamber of Commerce […]
TEHRAN – Iran’s trade balance registered a $29 billion surplus in 2016, Tasnim reported on Friday citing the “2017 handbook of statistics” report published by the United Nations Conference on Trade and Development (UNCTAD). According to the report, the country’s total foreign trade stood at $109 billion, of which $69 billion was related to exports. The Islamic Republic also exported […]
The rial hit a record low against the US dollar in Tehran’s foreign exchange market, in keeping with its customary surge in December every year. On Sunday, the rial was quoted at 41,550 to the dollar, inquiries by Financial Tribune showed, although higher rates were also reported by the local media later in the day. The American currency had last […]
TEHRAN – President Hassan Rouhani on Sunday inaugurated the first phase of Shahid Beheshti Port, an extension to the strategic Chabahar Port on the Gulf of Oman, which more than triples its annual shipment capacity to 8.5 million tons. The inauguration ceremony was attended by around 60 officials from 16 countries, including India, Pakistan, Afghanistan, Qatar, and Turkmenistan. Addressing the ceremony, Iranian Transport […]
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TEHRAN- Federation of Iranian Food Associations became a member of United Nations Economic and Social Council (ECOSOC), the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported on Sunday. The mentioned federation joined ECOSOC after becoming a member of UN’s NGOs. ECOSOC is one of the six principal organs of the United Nations, responsible for coordinating the […]
TEHRAN – Iran’s nominal capacity to produce electricity has reached about 78,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past two weeks. The country’s overall nominal capacity to generate electricity has increased by 381 MW over the past two weeks, reaching 77,987 MW. During the mentioned time, the first […]
CHABAHAR- Lying on the coast of the Gulf of Oman in Iran’s southeastern Sistan-Baluchestan Province, Chabahar is the country’s only oceanic port and given its strategic location in the International North-South Transport Corridor (INSTC) development of the port is of high significance for Iran. The port has two significant docks, namely Shahid Beheshti and Shahid Kalantari, which are mostly referred […]
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TEHRAN- Iran and Turkey aim to increase the value of trade in technical and engineering services sector to $10 billion per annum. Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari and Turkish Economy Minister Nihat Zeybekci signed a memorandum of understanding to boost bilateral technical and engineering services transactions to $10 billion. The MOU was signed at the end of […]
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