Archive | Construction

UK-based Mining Firm in Iran Deal

UK-based Alexander Mining has announced that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım AS (“Proses”). The Agreement covers the potential application and use of Alexander’s proprietary processing technologies and know-how (“MetaLeach Technology”) in the Middle East, including Turkey and Iran […]

Speaker Requests Iran’s Help in Reconstruction of Iraq

Iraqi Parliament Speaker Salim al-Jabouri praised Iran for supporting the Arab country in the fight against terrorism, calling for Tehran’s continued assistance and partnership in the reconstruction and development of Iraq. In comments at a Sunday meeting in Iran’s Baghdad embassy, held to mark the victory anniversary of the Islamic Revolution, Jabouri expressed the hope […]

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Iran, India Sign Major Rail Deal

Iran and India have signed a deal worth 2 billion US dollars for cooperation in the rail sector, a report said. The agreement was inked Friday in India’s capital New Delhi in the presence of Abbas Akhoundi, Iran’s minister of roads and urban development, and his Indian counterpart Nitin Gadkari, the report said, according to […]

Iran, India to Finalize Railroad Project Deal

During a planned visit to New Delhi, Iran’s Minister of Roads and Urban Development and his Indian counterpart are expected to make the final decision about details of a deal on financing a railroad linking the Iranian southeastern cities of Zahedan and Chabahar, an official said. In a meeting with India’s ambassador to Tehran, Iranian […]

Iran exports Steel Rebar to Iraq

Iran’s South Rouhina Steel Complex has reportedly sent 500 tons of rebar to Iraq. The Iranian trade attaché to Iraq, Naser Behzad, is quoted by IRNA as saying that the consignment was worth $250,000. ‘Exports to Iran have paved the way for sending standard goods,’ he said. South Rouhina Steel Complex has the capacity to […]

Will Tehran be able to withstand ‘long overdue’ Quake?

By Zahra Alipour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Is an earthquake likely to occur in Tehran? What will happen if there is an earthquake in Tehran? These questions have recently been discussed in Iranian media and among the public in the aftermath of […]

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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