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Why Invest in Iran ?

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.

Best Investment in Iran !

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

Connected

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

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

Copper hit a multi-year high on Thursday, reaching $7,260, levels not seen since early 2014. Although it stepped back a bit from its fresh high on Friday’s session, but overall, 2017 was a brilliant year for the red metal as it ended the year with more than 30% rise.

Multiple reasons have caused such a growth where strong demand in power and construction sections in top consumer China and supply disruptions in top producer Chile along with the plunge in the US dollar were among the most influential ones.

Now the question is that how much more space does the recent rally has to go. To find it out, let’s have a more precise look to the Copper chart and try to find the probable reversal points through the technical analysis.

As it’s obviously shown on the weekly chart below, the main trend is up since late 2016 after that the metal succeeded to break above its multi-year declining channel.  As depicted, all the price fluctuations from early 2017, have formed a bullish channel, providing good entry and exit opportunities each time bouncing from either sides.

More technically speaking, the price has recovered 50% of the 2011-2016 high to low with no signs of weakness so far as it hits higher highs and keeps higher lows valid. MACD and OsMA oscillators suggest higher prices as no sign of regular divergence between price and oscillator is detected. The next main target in midterm is located at $7,900 area, equivalent to 61.8% Fibonacci Retracement of so-called decline along with the upper band of last year’s upward channel.

Looking closely to the chart, reveals a bullish head and shoulder price pattern with the same target mentioned above from the neckline (shown on the chart below).

Accordingly, the time retracement of the falling swing, shown on the chart, is getting close to its 38.2%, which is one of the most important resistive time zones to expect to form a top.

asasas

Putting all previously mentioned factors together encourage us to state that one of the most solid resistive zones, either from the price or the time perspective is due in near future, meaning that we believe the market is going to form a major top around $8,000 in coming weeks before any significant decline.

The first refinery which is under construction and uses gas condensate feedstock in Iran is Persian Gulf Star Gas Condensate Refinery. It belongs to Persian Gulf Star Oil Company. The main purposes of establishing this refinery are as follow:

  • Self-sufficiency in producing high quality petrol
  • Refinement of 360,000 barrels gas condensate per day from South Pars reservoirs
  • Production consistent with European quality standards
  • Creating higher value added than crude oil refineries
  • Preventing export of raw materials and as a result, completing the value chain of production
  • More job creation
  • Increase in GDP

Persian Gulf Star Refinery has been setting up in the form of three phases with the capacity of 36 million liters of petrol and 14 million liters of gasoline in accordance with Euro IV standards (the fuel with 35% aromatics, 18% olefins, 1% benzene, 2.7% oxygen and 50 ppm sulfur) which will lead to production of 100 million liters of petrol per day in Iran. However, Iran’s average production of petrol and Euro IV petrol were 74.400 and 25.824 million liters per day respectively in the first eight months of the current solar year. In November 2017, by operation of the first phase of Persian Gulf Star, the production of this refinery has reached to 12 million liters of Euro IV petrol, 4.5 million liters of Euro IV gasoline, 1 million liters of Euro IV kerosene and 1.3 million litters of Euro IV LPG.

At the moment, Iran’s consumption of petrol was about 75 million liters per day in the first six months and 85 million liters per day in the second six months of the year on average during the last few years. It should be noted that, annual petrol consumption growth is about 6-8% per year in this area. According to the reported amount of daily petrol’s production as mentioned earlier, Iran is forced to cover its surplus petrol demand through importing of about 12 million liters petrol per day. The foresaid procedure will continue until the production of petrol at least rise 10 times more than growth in consumption. After that all three phases of Persian Gulf Star Refinery start to operate, Iran can benefit from its different advantages and the main one is achieving self-sufficiency in covering domestic demand beside turning into one of the main petrol exporters in the area.

According to the latest research released by www.globalpetrolprices.com , the average retail price of petrol in the world is about 1.1 Dollars per liter which is different in one country compared to another. Generally, it can be said that lack of development, low income per capita and poor transportation systems usually lead to more subsidies by the government to energy carriers and finally lower petrol prices in the countries. Normal and super petrol prices in Iran are 23.8 and 28 Cents per liter respectively, while according to the Argus Journal, petrol price for Persian Gulf FOB is 43 Cents per liter on average. Setting up of all phases of Persian Gulf Star refinery and following that, export of petrol by Iran can be a great step to higher quality of petrol produced in this country and realization of petrol price in order to maintaining competitive power in the area.

To sum up, operation of phases 2 and 3 of Persian Gulf Star Refinery, as the biggest gas condensate refinery in the Middle East area, will need about 100 and lower than 100 million Euros respectively and therefore considering vast opportunities which are available in this sector, it can be attractive for investors from Iran and also foreign investors.

A Study of Common Economic Cooperation Areas between Qazvin Province and the Republic of Uzbekistan A Study of Common Economic Cooperation Areas between Qazvin Province and the Republic of Uzbekistan

at a meeting concerning  the foreign investment which was held at  the hall of the meetings of the General Directorate of Economic Affairs and Finance of the province with the topic of economic cooperation between Qazvin province and the Republic of Uzbekistan.

According to the Public Relations Department of the Department of Economic Affairs and Finance of Qazvin Province, Seyed Mohammad Ali Ghasemi, Director General of Economic Affairs and Finance of the province, referred to the Capabilities and potentialities of Qazvin province in various economic sectors, on the existence of favorable and suitable fields of cooperation,stated about the possibility of the economic cooperation of the two sides .

He emphasized on strengthening  relations and increasing  their relations thanks to  the existence of religion, culture and language as well as the proximity of the two countries of Iran and Uzbekistan.

Dr. Maryam, an investment applicant from Uzbekistan, emphasized the need to strengthen mutual economic activities, and expressed her interest in developing and expanding interactions with the Islamic Republic of Iran in all fields, especially in the economic sphere.

It is worth noting that during this meeting the follow-up of the sisterhood of Qazvin and Bukhara cities, the fields of business cooperation and investment of capital and business owners in Qazvin province and Uzbekistan, and the presence of a delegation from Qazvin province to Uzbekistan and the signing of a memorandum of cooperation Economic was considered.

Jan 2, 2018 11:32
Implementation of technical services projects in the field of air and space and production of industrial molds by using foreign investment in Qazvin province Implementation of technical services projects in the field of air and space and production of industrial molds by using foreign investment in Qazvin province

Implementation of technical services projects in the field of air and space and production of industrial molds by using foreign investment in Qazvin province

A Meeting on obstacles to foreign investment in the province with the presence of Dr. Manouchehr Habibi, Deputy Minister for Economic Affairs and Development of the Provincial Governorship, Seyed Mohammad Ali Ghasemi, Deputy Minister and Director General of Economic Affairs and Finance of the Province, representatives of relevant executive agencies and foreign investment in the session hall of the General Directorate for Economic Affairs  the province was held.

According to the Public Relations Department of the Qazvin Department of Economic Affairs and Finance, Sayed Mohammad Ali Ghasemi, VICE-PRESIDENT of the Provincial Investment Services Center, pointed out the willingness of foreign investors to invest in the province of Qazvin, on the need to pay attention to the analysis of the business environment of the province and expedite In issuing investment licenses, priority projects of the province were emphasized.
Referring to the responsibility of all executive agencies of the province in realizing the resistance economy, he highlighted the attraction of capital from abroad in the form of energy production, industrial, service and agriculture projects as the country's economic priorities, and to follow the approval of foreign investment projects in the field of services Aerospace engineering, packaging and warehousing, and four investment plans in the field of new energy for the Foreign Investment Board of the country.
He also stressed the commitment of the Foreign Investment Services Center to expedite the procedures and the issuance of the necessary licenses as soon as possible, adding: "We are all responsible for this issue and we must recognize this as our duty."
It is worth noting that in this meeting, it is possible to execute the foreign investment plan for technical and engineering services in the field of space, to make large-scale plastic injection molds inside the country and to study the problems in implementing foreign investment projects in the province in the fields of solar power plants. Small and Medium-Sized ones(CHP) were discussed and follow-up and coordination was needed to resolve the problems.

Dec 31, 2017 09:31
In order to pursue foreign investment projects in the province: the Director General of Economic Affairs and Finance of the province visit EKOL company In order to pursue foreign investment projects in the province: the Director General of Economic Affairs and Finance of the province visit EKOL company

In order to pursue foreign investment projects in the province: the Director General of Economic Affairs and Finance of the province visit EKOL company

Seyed Mohammad Ali Ghasemi, the representative of the Minister and Director General of Economic Affairs and Finance of Qazvin Province, visited the company's first project in the field of transportation and logistics, EKOL .

At the beginning of the visit, at a joint meeting with project managers, Seyed Mohammad Ali Ghasemi, the representative of the Minister and Director General of Economic Affairs and Finance of the province, aimed to follow the visit to track the problems and inform the progress of the project, adding: We would like to see the company EKOL according to capacity And their experiences have a more and more serious presence in Qazvin province and other parts of the country.

He also added that the company's foreign capital registration at the Iranian Investment and Investment Facility could help to facilitate the implementation of this project and benefit from incentives, legal protections and non-commercial risk guarantees by the Iranian government.

The representative of the European Logistics Company (EKOL ) presented a report on the progress of the project and expressed hope that the project will be operational by the end of September next year. .

He provided explanations on the implementation of new projects in Qazvin province and negotiations with Henkel companies and the Economic Special Economic Zone.

It is noteworthy that EKOL is one of the major transport and logistics companies in Europe, which is active in 14 countries and the company's investment volume in Qazvin province is 50 million euros.

Dec 31, 2017 09:12

News Detail

Vice-President of the Qazvin Investment Services Center said that we are welcoming and supporting the construction of a helicopter offered by one of the country's elites. Vice-President of the Qazvin Investment Services Center said that we are welcoming and supporting the construction of a helicopter offered by one of the country's elites.

According to the Public Relations Department of  Economic Affairs and Finance General Office of Qazvin province, Seyed Mohammad Ali Ghasemi, the representative of the Minister and Director General of Economic Affairs and Finance General Office of the province, told journalists of the media that the meeting hall of the General Directorate for Economic Affairs and Finance said: "Due to the abundant capacities And well-established infrastructure, favorable conditions for the presence of domestic and foreign investors in Qazvin have been created and we are trying to attract more applicants in the province by streamlining affairs.
Vice-President of the Provincial Investment Services Center said: "In a good case, we were able to encourage one of the young elite and young scientists interested in investing in space in the province , and we are trying to facilitate the realization of this important issue." .
Ghasemi said that  this young elite's the plan who has won gold, silver and bronze medals in several international scientific festivals and honors the country has been welcomed by some officials, and, following the follow-ups and coordination, the preparations for the issuance and Obtaining the required permissions.
Ghasemi added: "We support  domestic and foreign investors as our mission, and we will vigorously support those with a high level of investment and with the necessary economic justification

Dec 31, 2017 07:53

In comments at a press conference on Sunday, Hossein Alaei said Aseman Airline has plans to boost its fleet with modern planes.

A total of 15 Boeing, Airbus and Fokker planes have joined the fleet of Aseman over the past three years, he added, expressing the hope that an agreement with US aircraft manufacturer Boeing would come into force without the US administration’s obstruction.

In April 2017, Aseman signed a major contract with Boeing to purchase 60 passenger jets.

Aseman is going to receive 30 Boeing 737 MAX airplanes with a list price value of $3 billion under the contract, which also provides the Iranian airline with purchase rights for 30 additional 737 MAXs.

In the meantime, the managing director of Atiyeh Saba Investment Co. said on Sunday that Aseman would take delivery of the first Boeing plane in 2020.

Iran is gradually receiving the passenger planes purchased from Airbus, ATR , and Boeing, following the implementation of the JCPOA, a nuclear agreement between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

Since the coming into force of the JCPOA in January 2016, Iran has received a total of 11 new planes.

During a January 2016 visit to Paris by Iranian President Hassan Rouhani, Tehran signed a major contract with Airbus worth about $27 billion to buy 118 planes.

Later in June 2016, Iran sealed another deal worth around $25 billion with the US aerospace heavyweight, Boeing, for the purchase of 100 passenger planes.

In December 2016, the deal with Boeing was finalized, allowing Iran to buy 80 planes within 10 years.

In an interview with Tasnim on Saturday, Asadollah Asgaroladi pointed to the rising number of Chinese delegations visiting Iran to weigh investment opportunities, saying that misleading reports would only hamper foreign investment in the country.

According to Asgaroladi, four major Chinese delegations from the automobile, mining and food industries are planned to visit Iran from the next two weeks to evaluate the situation for investment.

As regards the obstacles to banking ties between Iran and China, he said an Iranian delegation including representatives from the Central Bank of Iran and the Ministry of Industry would travel to China to address the issue.

Last month, Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said Iran and China’s economies are complementary, proposing the formation of a joint working group to pursue business negotiations and promote cooperation between the two countries’ private banks.

In January 2016, China’s President Xi Jinping paid an official visit to Iran and signed several agreements to enhance political and economic interaction with Tehran.

Unveiling plans for a huge rise in trade ties between Tehran and Beijing, Iranian President Hassan Rouhani announced at the time that the value of bilateral economic exchanges is expected to rise to $600 billion within 10 years.

According to the Chinese government on Sunday, the tanker carrying Iranian oil and operated by the country’s top oil shipping operator was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with the Chinese ship.

The Sanchi tanker registered in Panama, collided with the CF Crystal some 160 nautical miles off the coast near Shanghai on Saturday evening, the Chinese ministry said in a statement on Sunday, media reports said.

The tanker’s 32 crew members were missing on Sunday, including 30 Iranians and 2 Bangladeshis. Search and rescue operation is underway. 

All 21 members of the Crystal’s crew, all Chinese nationals, were rescued, the ministry said.

It was not immediately clear what caused the collision.

Meantime, a  senior official at Iran’s Oil Ministry said the tanker was under the effective coverage of a credible foreign company.

It was sailing from Iran to South Korea, carrying 136,000 tons of condensate, an ultra-light crude. That’s equivalent to just under 1 million barrels worth around $60 million based on current global crude oil prices.

“Sanchi is floating and burning as of now. There is an oil slick and we are pushing forward with rescue efforts,” the ministry said, adding it had dispatched four rescue ships and three cleaning boats to site as of 9 a.m. (0100 GMT).

South Korea has also sent a ship and helicopter to help.

This is the second collision involving an NITC-operated vessel in recent years. An Iranian supertanker hit a container ship in the Singapore Strait, with no loss of life or pollution, in August 2016.

Speaking to reporters on Saturday, Brigadier General Amir Hatami said the major conference on investment opportunities in Makran and sustainable development of the coastal area will be held in Tehran in the Iranian month of Esfand, which falls in February and March.

The conference would provide a great opportunity for domestic and foreign private sector investors to know about the unique options available in the region in the oil and gas industry, transportation, tourism and urban development, he added.

The strategic Makran region has attracted the attention of many Iranian decision-makers and military officials, particularly after Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei stressed the need for development of the region.

In 2014, in a meeting with high-ranking Navy commanders, Ayatollah Khamenei said the issue of development of the coasts of Makran is a major task and plans for that region should be carried out more rapidly.

Michael Tockuss, head of DIHK e.V., added that German exports to Iran grew by more than 27 percent year-on-year from 2015 to 2016, and remain on a steep upward curve, according to Deutsche Welle (DW) on Tuesday.

"Germany's trade surplus with Iran is massive," Tockuss said.

"But that's nothing new. The Iranians complain about it from time to time, and we try to find ways to encourage more Iranian exports into Europe and Germany, but we've been running big trade surpluses with Iran for forty years,” he added.

One might imagine that trade between Iran and Germany is about sending oil in one direction, and automobiles in the other, but that's incorrect, Tockuss continued.

"We (Germany) don't buy crude oil from Iran," he said.

"Our refineries aren't designed to deal with the high-sulfur crude Iran produces. Only Italy and Greece have refineries that can process it, so they're the main European importers of Iranian oil."

"Around 60 percent of Iran's total trade revenues come from oil and gas sales. That's a lot — but the other 40 percent are important too. Iran's economy is the most industrially diversified in the region,” Tockuss went on to say.

Diplomatic and trade relations between Iran and European countries, Germany in particular, have improved greatly since the 2015 nuclear deal between Tehran and world powers, known as the Joint Comprehensive Plan of Action (JCPOA), came into force in January 2016.

The loading of the gas platform 14A on to a ship off the southern port city of Bandar Abbas started on Tuesday morning.

The drilling rig is planned to be installed on Phase 14 of the South Pars gas field in the Persian Gulf waters.

The giant platform, whose installation is slated to end by January 20, will produce 500 million cubic feet of natural gas, starting from February 11.

Back in April, the South Pars Phases 17, 18, 19, 20 and 21 were inaugurated by Iran’s President Hassan Rouhani.

The gas field, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar.

It covers an area of 9,700 square kilometers, of which 3,700 square kilometers belongs to Iran.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place. 

“Eradicating hunger in our lifetime is not a dream as solutions emerge through innovative agricultural techniques and improving food consumption habits,” Gangi said in an article on the occasion of the new Gregorian calendar year.

Following is the full text of the piece: 

Over the past decades, there has been progress in the fight against hunger in some countries around the world, and not least in the Near East and North Africa (NENA) region. However, despite all efforts that have been undertaken to address hunger, a substantial proportion of the earth's population continue to go to bed hungry. 

Moreover, hunger is again on the rise, and this after more than 10 years of decline. More than 800 million people in the world are estimated to have suffered from hunger in 2016, of which 40 million were in the NENA region, more than its proportional share of world population. In addition to that, almost all countries of our region are confronted with different forms of malnutrition where, hunger, stunting, wasting and obesity go hand in hand, reflecting a wider problem with our food systems from production to consumption.

Eradicating hunger in our lifetime is not a dream as solutions emerge through innovative agricultural techniques and improving food consumption habits. Countries throughout the world are putting in place comprehensive interventions and policies to boost agriculture production and productivity, reduce food losses and wastes, provide social protection to rural and urban poor, and build resilience to shocks, crises and climate change.

In a region that is considered the most arid in the world and faces enormous challenges, hunger has been on the rise. These challenges include high population growth, growing urbanization, a limited and fragile natural resource base, poverty, climate change, inadequate agricultural policies, and poor governance and weak infrastructure.  It is clear therefore that all mitigating measures are needed to achieve zero hunger.

Instead, we see conflicts and protracted crises becoming endemic and inflicting immense suffering on the populations of the region.  This is not only causing it to lag in its development indicators, but is also exacerbating the condition of its population.

The strongly interlinked chain of food insecurity, natural resources scarcity, unemployment, migration, and impoverishment of rural areas is affecting and affected by the absence of peace and stability and the rise in conflicts and wars. The challenge for our region is not just a problem for the traditional decision makers responsible for agriculture, food production, transportation and distribution. Rather it extends to the highest policy makers in whose hands rest decisions of peace.  

The Near East and North Africa Region, with its enormous human and land resources, has the capacity to emerge stronger from the current series of conflicts and crises. But this will require collective action to build a shared vision of peace and prosperity among the region’s member countries. It will also need the support of all its partners, and FAO is committed to do its part in this endeavor. May the voice of 40 million hungry child, woman and man in the region be heard and heeded in 2018.

Speaking to Tasnim on Sunday, Iranian Gas Engineering and Development Company Managing Director Hassan Montazer Torbati said plans have been formulated to develop the gas supply network in west of the country to boost exports to the Iraqi cities of Basra and Baghdad.

A planned rise in the capacity of gas transfer would result in a rise in exports to Turkey, the official noted, adding that exports to Europe are also on the agenda.

The capacity of Iran’s western gas network should outstrip that of a domestic distribution line, he added.

In November, CEO of the National Iranian Gas Company (NIGC) said the country’s exports of natural gas to Iraq will increase during the spring and summer of 2018.

Tehran and Baghdad signed a deal on the exports of natural gas from the giant South Pars Gas Field in 2013. Under the deal, the Iranian gas is delivered to Sadr, Baghdad and al-Mansouryah power plants in Iraq through a 270-kilometer pipeline.

Also in October, Iranian President Hassan Rouhani said the European nations can rely on Iran to supply their energy demands.

Iran sits on the world’s fourth-largest oil and second-largest gas reserves, and is among the world’s top 10 oil and top five natural gas producers.

Speaking at a television talk show on Saturday night, Nobakht said the administration expects to create jobs for 830,000 people in the next Iranian year, 70 percent of whom would be university-educated individuals.

According to the spokesman, the administration has allocated a remarkable amount of the next year’s national budget to job creation by investment in six major areas.

He also dismissed speculations about halting monthly cash payments under the subsidy reform plan, stressing that the number of beneficiaries of cash handout may even increase if the administration detects new eligible receivers and removes rich families from the list of cash receivers.

His comments came after a series of protests in a number of Iranian cities over the past days to complain about high costs of living and economic issues.

According to Article 27 of the Iranian Constitution, “public gatherings and marches are allowed so long as the participants do not carry arms and are not in violation of the fundamental principles of Islam.”

Following the peaceful civil rallies, the Western and a number of Arab media outlets tried to portray the protests as a political uprising against the Establishment.

Iranian officials maintain that people have the right to stage protests to express their opinions, as long as the rallies comply with the legal conditions.

In remarks in the wake of the rallies, First Vice-President Eshaq Jahangiri highlighted the administration’s economic achievements and ongoing efforts in that sphere, emphasizing that the country’s economy is all in all “on the right track” despite “certain shortcomings.”

The official added that “the prices of several commodities may have seen a rise due to some incidents, and each case has its own reason,” adding that the government is duty-bound to revise them.

The two new ATR 72-600 passenger planes landed in Tehran’s Mehrabad airport on Saturday morning, in a ceremony attended by aviation industry officials.

The new aircraft, the seventh and eighth ATR planes Iran has received since May, will be used for domestic flights.

Since the coming into force of the Joint Comprehensive Plan of Action (JCPOA), Iran has received a total of 11 new planes, including three Airbus passenger planes and eight ATR turboprops.

Iran Air and the French-Italian aircraft manufacturer ATR spent months negotiating an order for 20 ATR 72-600 aircraft worth $576 million at list prices, with options for another 20.

Iran is gradually receiving the passenger planes purchased from Airbus, ATR , and Boeing, following the implementation of the JCPOA, a nuclear agreement between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

During a January 2016 visit to Paris by Iranian President Hassan Rouhani, Tehran signed a major contract with Airbus worth about $27 billion to buy 118 planes.

Later in June 2016, Iran sealed another deal worth around $25 billion with the US aerospace heavyweight, Boeing, for the purchase of 100 passenger planes.

In December 2016, the deal with Boeing was finalized, allowing Iran to buy 80 planes within 10 years.

Tehran (ISNA) - Iran says it expects a recent agreement with Russia over the creation of a credit line to fund Iranian projects to help promote trade between the two countries.

Iran’s minister of economy and financial affairs Masoud Karbasian said the credit line would be provided by three Russian banks which he said would be led by the country’s Eximbank. 

Karbasian added that based on the agreement with Russia, a mechanism would be created to conduct barter deals with Russian traders.

This, he emphasized, would facilitate Iran’s purchases of goods and services from Russian businesses.

In late December, four Iranian banks signed an agreement with the Eximbank of Russia to receive “unlimited” loans, Press TV reported.

The banks involved were Bank Sepah, the Export Development Bank of Iran, Parsian Bank and Bank Pasargad.

Based on the agreement, Eximbank would provide funds "without a ceiling" to the four lenders to finance development projects in Iran, according to an announcement on the website of the Central Bank of Iran (CBI).

Based on the recent agreement signed in Moscow, Iran's public and private sector's approved projects will be able to benefit from the loans, while Russian exporters can use them to export technical and engineering services to Iran, the domestic media in Tehran reported.

End Item

خط لوله صادرات گاز

Tehran (ISNA) – Secretary-General of Iran-Iraq Joint Chamber of Commerce announced that new negotiations were taking place between the two countries over gas export from Iran to Iraq.

“The new contract is different from the previous deal over gas export from Iran to Iraq. The previous deal was signed between Iran and Iraqi energy ministry but the new talks are holding with Iraqi oil ministry to supply gas of Iraqi power plants,” the Secretary-General of Iran-Iraq Joint Chamber of Commerce Hamid Hosseini said.

The official has also stressed that the relations between Iran and Iraqi oil ministry are improved.

End Item

Tehran (ISNA) - Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated inventories.

The country shipped around 777 million barrels of crude oil and 180 million barrels of condensate last year, averaging 2.62 million barrels a day, Oil Ministry's news portal Shana reported on Monday.

That breaks down to 2.1 million bpd of crude and 490,000 bpd of condensate.

Condensate is an ultra-light grade of oil extracted from South Pars, the world's largest gas field shared between Iran and Qatar in the Persian Gulf. Iran ships out nearly its entire condensate output.

The bulk of shipments (62%) were sent to customers in Asia while Europe accounted for 38% of exports. The largest intake came from China, the world's top oil buyer and energy consumer, followed by India, South Korea and Japan, Financial Tribune reported.

The country's oil revenues would stand at around $48 billion with $50-per-barrel crude. Iran made $95 billion and $69 billion from crude exports in 2011 and 2012 respectively, according to the US Energy Information Association.

The reports named Turkey, Italy, Britain, Hungary and the Netherlands as some of the European clients of Iran's crude.

Until two years ago, Iran was shut out of the European energy market and its oil trade was limited to a handful of Asian buyers that took in just around 1 million barrels a day under temporary waivers.

But the lifting of sanctions in January 2016 helped Iran to resume oil sales to major customers in Europe, including Italy's Saras and Eni, Greek refiner Hellenic Petroleum, Madrid-based Repsol, Royal Dutch Shell and French energy giant Total that holds a stake in an ambitious offshore Iranian gas venture.

Under the scheme, Iran is expected to pump around 3.8 million barrels a day. The country is producing around the same level, according to government figures and data provided by OPEC's secondary sources monitoring the production of the group's member states.

End Item

دائمی

Tehran (ISNA) – Iran’s deputy energy minister announced that the 18th meeting of World Water Council will be held in Tehran.

 “The 18th meeting of World Water Council will be held on January 15, 2018 in Tehran,” Iran’s deputy energy minister for international affairs Alireza Daemi said.

“More than 110 countries across the world will participate in the two-day meeting organized by World Energy Foundation,” he added.

“World Energy Foundation is active in six sectors: water, soil, air, energy, wastewater and social projects and sustainable plastics. The foundation holds annual meetings focused on these six sectors in different countries and this year the meeting is going to be held in Tehran,” Daemi went on to say.

End Item

Tehran (ISNA) – Since August 2017, Iran has attracted foreign investment worth $ 1.98 billion for 38 projects in the field of industry, mining and trade.

Afghanistan, with investment in 9 projects, has the highest number of projects comparing to European, Asian and North American countries.

Following Afghanistan, Turkey with 5 projects, Germany and France each with 4 projects, Iraq, China and South Korea each with 3 project, Azerbaijan Republic and United Arab Emirates each with 2 projects and Pakistan, Austria, Hong Kong, Russia, North America and Italy each with one project have invested in Iran’s industry, mining and trade sector.

End Item

Tehran (ISNA) – A new shipping route between Iran and Oman was launched on December 30.

The Khorramshahr-Sohar shipping route was launched in the presence of a Board member and deputy of Iranian Ports and Maritime organization for maritime affairs, governor of Khuzestan, Omani ambassador to Iran and a number of provincial officials.

With the inauguration of the shipping route, the export from Khorramshahr port to Oman was started and the traders, business people and producers can export commercial shipments through Khorramshahr Port to Sohar Port and on other hand unload the custom goods in Khorramshahr.

The first shipping route between Iran and Oman was put into service in April 2015, connecting the port of Bandar Abbas with the port of Sohar.

“The shipping route will pave the way for export of  agricultural, petrochemical and protein products and building materials to Oman,” the Board member and deputy of Iranian Ports and Maritime organization for maritime affairs Hadi Haghshenas said on the sideline of the inauguration ceremony.

Omani ambassador to Iran Saud bin Ahmad Khalid al-Barwani also said that the inauguration of the shipping route will increase the trade volume between Iran and Oman.

“The opening of Khorramshahr-Sohar shipping route will pave the way for more economic cooperation between the two countries and Oman is willing to launch more shipping route with other Iranian ports,” he added.

End Item

About Us

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

Global Investment was founded with a single vision, to help small to large enterprises with their strategic entry into the Iranian market by providing unmatched services for companies across all major industries. We can help you enter the hotspots of the market and will support and guide you toward a success story that remains rock-solid for the years to come.

We deliver exceptional insight and advice based on the highest standards of consulting practice using our 10 years of experience in the field. Our perfect blend of proprietary market entry solutions, strong local connections and expertise will assist you with maximizing your business potential in Iran. You can take advantage of our “real touch of the market” and break down entry barriers into the market. We make sure that you avoid making the wrong deals and provide you with Do’s and Don’ts of doing business in our country.

Join The Ultimate And Irreplaceable Experience Now.

Just define your interests, We will promote the best investment opportunities for you

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