Archive | Construction

Iran Boosts Condensate Exporting Capacity

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 […]

Iran “Keen on Keeping Ties” with Norwegian Shipbuilders

An Iranian tanker official says facilitating banking relations between Iran and Norway is a necessity for boosting ties of the two countries in shipbuilding industries, voicing Iran’s keenness to maintain relations with Norwegian shipbuilders. Addressing the Iran-Norway Bilateral Maritime Opportunities conference in Oslo on Thursday, Managing Director of the National Iranian Tanker Company (NITC) Sirous […]

Iran Earthquake caused Damage worth €5bn

By John Lee. Last week’s deadly earthquake in Iran has reportedly caused more than €5 billion of damage. The quake, measuring 7.3 on the Richter scale, hit Kermanshah province on Sunday 12th November, killing more than 400 people. Its epicenter was near Halabjah, southeast of Iraq’s Sulaymaniyah. (Source: Hindustan Times) (Picture credit: Tasnim, under Creative Commons […]

Video: Iran Pledges Swift Aid after Earthquake

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Thousands of homeless Iranians sought shelter from bitter cold on Tuesday as President Hassan Rouhani promised swift help after a major earthquake that killed more than 400 people.

Quake Death Toll Rises to 372

With successive aftershocks still rumbling through western Iran more than 18 hours after a massive earthquake on Sunday night, the province of Kermanshah, hit hardest by the temblor, declared three days of mourning. Western regions of Iran, particularly residential areas in the province of Kermanshah, have felt scores of tremors, some even measuring greater than […]

Iran Shipbuilder Signs Mou With Netherlands’ Damen

By John Lee. Iran’s Arvandan Shipbuilding Company and Netherlands’ Damen Shipyards have reportedly signed a memorandum of understanding (MoU) covering cooperation in manufacturing advanced offshore vessels in Iran. According to Trend News Agency, the cooperation will include the transfer of technology and know-how to Iran. Managed by Iran’s Social Security Investment Company (Shasta), Arvandan specializes in […]

New Work Begins at Bushehr Nuclear Plant

The excavation process for the construction of new sites for the second and third reactors of Bushehr nuclear power plant in southern Iran began on Tuesday. The project kicked off in a ceremony at Iran’s southern port city of Bushehr, attended by Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi, nuclear […]

German Firm Starts Construction of Solar Plant

By John Lee. IRNA reports that a German-Iranian company has started construction of first phase of a new 100 MW solar power plant in Meybod. Pasargad Solar Projects Ltd is developing the project in collaboration with Kronos Solar Projects GmbH and Parsia Business Development Solutions. (Source: IRNA)

IMIDRO in Mining Deal with Czech Republic

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) signed a memorandum of understanding (MoU) with the Czech Republic to boost cooperation in the mining industry. The document was signed in a meeting in Tehran between IMIDRO Managing Director Mehdi Karbasian and Czech Deputy Minister of Industry and Trade Eduard Muricky. The MoU […]

Iran ‘Luring Investment Destination’ for Energy Finance

A member of the Iranian parliament says Iran is “safe oasis” among Middle East countries for investing in oil and energy projects. Abdolkarimi Hossein Zadeh, a member of the parliament’s Civil Committee, noted the significance of attracting fresh investments in the energy and oil sector, adding Iran is a safe haven among regional countries for […]

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Russia lends €1.2bn for Iranian Power Plant

By John Lee. Russia’s state-owned Vnesheconombank (VEB) has reportedly agreed to lend Iran’s Bank of Industry and Mines €1.2-billion over five years for the development of the  1,400-MW Hormozgan thermal power plant. According to PressTV, Russian President Vladimir Putin said in February that Moscow would grant a total of €2.2 billion to Iran for two […]

Iran to Repair Syria’s Power Grid

Iran has signed a memorandum of understanding (MoU) with Syria to repair the Arab country’s power grid, a report said. The agreement was signed on Tuesday during a visit by Syria’s electricity minister to Tehran, SANA news agency reported. According to the terms of the deal, Iran will build a power plant in Syria’s coastal […]

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Major Terminal under Construction at Astara Port

The executive director of the Astara Development Project said a terminal with an annual loading and unloading capacity of 2.5 million tons of grain and other commodities is being constructed at Astara Port in northern Iran. “The dedicated capacity of this port (Astara Port) has been designed for 2.5 million tons per year and now […]

Iran Discovers Huge Iron Ore Reserves

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 […]

Iran to Build Oil Terminal on Sea of Oman Coast

Iran’s oil minister unveiled plans for the construction of a major oil terminal on the shores of the Sea of Oman southeast of the country to facilitate crude exports. Speaking in a televised program on Monday evening, Bijan Zanganeh said the “strategic decision” to build the new oil terminal has been made by President Hassan […]

India in talks to Develop Chabahar Port

India’s Transport and Shipping Minister Nitin Gadkari said he has held talks with Iranian officials on a range of issues, including the development of Iran’s port of Chabahar. Gadkari said that during his recent trip to Tehran, he held talks with Iranian officials on a wide range of issues, including developing Chabahar Port and funding […]

€3bn Siemens Credit Line on the way

By John Lee. Germany’s Siemens is reported to be preparing to provide 3 billion euros in financing for rail and power projects in Iran. Deputy Minister of Road and Urban Development for International Affairs, Asghar Fakhriyeh-Kashan, said on Tuesday: “Through financing a number of construction projects, Siemens plans to enter into a joint venture with […]

Chabahar Port Signs Deal with India Ports

India Ports Global Private Limited (IPGPL) has reportedly signed a contract with Aria Banader of Iran to equip and operate two terminals at Chabahar – Shahid -Beheshti Port for transportation of goods and other purposes. IPGPL is a joint venture between Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT). According to the report […]

easyHotel to deliver 500+ new Hotel Rooms in Iran

By John Lee. UK-based easyHotel, the owner, developer and operator of “super budget” branded hotels, has announced that it has signed a Master Development Agreement with 3SV Limited to develop the easyHotel brand across multiple sites in Iran. The Iranian Tourism industry has seen significant growth in recent years with the Government outlining ambitious plans […]