New gold reserves discovered in Iran
Recent explorations have led to identification of new reserves of gold at Iran’s Zarshouran gold mine, Mohammad Reza Ahmadi, manager of Zarshouran Gold Complex, said. He said that the explorations indicate that the mine contains 108 tons of gold with purity of four grams per ton, Ahmadi said, ISNA news agency reported July 5. The […]
Iran and India Determined to Develop Chabahar Port
Iranian President Hassan Rouhani and India’s Prime Minister Narendra Damodardas Modi voiced determination to implement the agreements signed between the two countries, particularly a project to develop Iran’s southeastern port city of Chabahar, Tasnim reports. In a telephone conversation with the Indian premier on July 6, President Rouhani said Tehran is prepared to upgrade the […]
Renault to enter Iran’s car market with new products
French car producer Renault aims to enter Iran’s car market with new products in collaboration with Saipa Motor Corporation and Iran Khodro Company (IKCO), Mehrnews reports. Renault’s cooperation with domestic automakers has become the focus of automotive industry activists since many months ago. Although some had expected Renault would cooperate with only one Iranian domestic […]
Iran to hold joint naval drills with neighbors
Iranian Navy Commander Rear Admiral Habibollah Sayyari unveiled plans for joint naval exercise with the regional countries, Tasnim reports. Iran’s Navy will “definitely” hold joint war games with regional countries, the top commander told reporters in Tehran on July 1, during rallies marking the International Quds Day. He also noted that the Navy has plans […]
Iran to barter oil with Turkey for rail
Iran has reportedly sealed a deal with Turkey to barter oil for rail. According to Tasnim news agency, the 80-million euro deal, Iran will buy nearly 1,000 kilometers worth of rails from Turkey, Pars Today reports. The report quoted Turkish Transportation, Maritime Affairs and Communications Minister Ahmet Arslan as saying that Turkey will buy oil […]
Iran, Kazakhstan to build joint oil refinery in Mazandaran
Iran and Kazakhstan will participate in a project on constructing a joint oil refinery in Amirabad Port in Mazandaran province, head of Industry, Mine and Trade Organization of Mazandaran said on June 26. Mohammad Mohammadpour, Head of Industry, Mine and Trade Organization of Mazandaran, in a meeting with a Kazakh trade delegation on Sunday expressed […]
Iran Becomes 3rd Major Oil Supplier to India
Iran stands the third major supplier of oil to India after Saudi Arabia and Iraq for exporting more than 500,000bpd crude to the country. Based on the statistics available, India imported 4,350,000bpd oil on the average in the first three months of 2016, showing about 500,000 bpd increase in the imports compared to the amount […]
China and Iran to build oil export terminal in Persian Gulf
China and Iran agreed to jointly build an oil terminal in the Persian Gulf. The planned oil terminal will be built on Qeshm Island in the southern part of the Persian Gulf. It is expected to turn it into an important hub for oil production and storage. The $550-million contract was signed by Iran’s Machine […]
Eurasian Union to hold expert talks with Iran
Member-countries of the Eurasian Economic Union (EAEU) will hold expert-level talks on creating a free trade zone (FTZ) with Iran at the end of June, Russia’s First Deputy Economic Development Minister Alexei Likhachev told TASS on June 16. “The talks are scheduled for late June. These will be consultations at the level of experts from […]
Iran and Tajikistan stress enhanced cultural cooperation
Iran’s cultural counselor in Tajikistan Ebrahim Khodayar on June 16 underlined the need for enhanced cultural cooperation between Tehran and Dushanbe, IRNA reports. Khodayar was speaking during a meeting with the director of international affairs department of Tajikistan’s Ministry of Culture. During the meeting, the two sides discussed ways for expansion of cultural and artistic […]
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