Archive | Transport

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 […]

Israeli Tech puts Iranian Startups in Bind

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Israeli tech puts Iranian ride-hailing startups in bind Iran’s recent decision to once again block Waze, a mobile navigation app developed in Israel, has created a great deal of controversy in the country. The […]

Hungarian Bus-Maker to supply Iran

By John Lee. Hungarian bus maker Ikarus has reportedly signed an agreement to export 1,000 buses to Iran. Company Chairman Gábor Széles was among a 20-strong business delegation on an official visit to Iran last the weekend. The quantity is equivalet to one-third of full year’s production for the company. According to Budapest Business Journal, […]

ATR Says to Deliver More Aircraft to Iran

The chief executive of the French-Italian aircraft manufacturer ATR said the company plans to deliver eight more aircraft to Iran by the year’s end. ATR aims to deliver another eight aircraft to Iran by the end of the year after delivering six so far this year under US export licenses issued following the lifting of […]

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 […]

Iran Resolved to Establish Railroad Link with Iraq

The Iranian president’s chief of staff voiced the administration’s determination to construct a railroad linking Iran to the Iraqi city of Basra, saying the project would give a major boost to the transportation industry in the region. Speaking to reporters in the southwestern city of Khorramshahr on Friday, Mahmoud Vaezi said various related bodies, including […]

North-South Corridor Economically Viable: Russian President

Russian President Vladimir Putin said that North-South Corridor is economically viable, adding that Tehran, Moscow and Baku plan to enhance their cooperation on the corridor. In a joint news conference following the second trilateral summit of Iran, Russia and Azerbaijan in Tehran on Wednesday, Putin said the three countries intend to have good cooperation on […]

The Human Mules Of Iraq, Circumventing Sanctions On Iran

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On the borders of Iraqi Kurdistan, thousands of locals find work carrying contraband goods into Iran. Recently though, the job’s been getting more dangerous thanks to the Kurdish independence referendum. […]

Iran Khodro Production Up 14%

By John Lee. Production at Iran Khodro (IKCO) has grown 14 percent in the first seven month of the current Iranian calendar year. The company produced over 390,000 vehicles in the period compared with 342,000 in the same period last year. Its main products were: Peugeot 405: 81,000 units; Peugeot 206: 77,000 units; Peugeot Pars: […]

Restrictions on Border with Iraqi Kurdistan to Be Removed

Chief of Staff of the Iranian Armed Forces said on Monday that the country’s border with Iraqi Kurdistan region will reopen in coming days. Speaking to reporters on the sidelines of a local ceremony, Major General Mohammad Hossein Baqeri pointed to the ruling Kurdistan Democratic Party led by Masoud Barzani’s attempts in the Iraqi Kurdistan […]

Boeing-IranAir deal at risk amid claims of IRGC use

By Saeed Jalili, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s new Iran strategy, including his Oct. 13 refusal to certify that the Joint Comprehensive Plan of Action (JCPOA) meets congressional requirements, will push a contract for 80 passenger jets signed […]

Iran Cancels Arbaeen Flights to Iraq Due to Dust Storms

The rising level of dust pollution in Iraq forced Iranian airlines to cancel their flights to the Arab country’s cities of Baghdad and Najaf ahead of Arbaeen, the 40th day after the anniversary of the martyrdom of Imam Hussein (AS), the third Shiite Imam. With dust clouds reducing visibility, Iranian flights heading to Baghdad and […]

New Ships Reduce Average Age of Iran’s Fleet

The ten container ships Iran has purchased from South Korea will pull down the average age of the country’s fleet of cargo ships by four years, an official announced. CEO of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi said Iran will take delivery of the first South Korean container ship in the […]

Korean Firm to Sell Navigational Aid Systems in Iran

By John Lee. Korea Airports Corporation (KAC) has reportedly signed an agency contract with Iran’s Tolid Malzomat Bargh (TMB) to have the company sell its navigational aid systems in Iran. According to Yonhap, TMB will sell its instrument landing system (ILS) and portable ILS/VOR Field Test Set (FTS), also known as a signal analyzer. (Source: […]

Airplane Contracts Complex, Confidential: Iranian Official

CEO of Iran Air Farzaneh Sharafbafi said contracts for purchasing passenger planes are complex and confidential. Speaking to the Tasnim News Agency on Saturday, Sharafbafi dismissed speculation about details of Iran’s contracts with the Western plane makers, giving an assurance that Iran Air would make the best and most logical decisions. The contracts to purchase […]

Boeing First Loser If Trump Leaves JCPOA: Analyst

If US President Donald Trump scraps the 2015 nuclear deal between Tehran and world powers, the first loser may be US aircraft maker Boeing, an analyst said. “If Boeing isn’t able to deliver the airplanes to Iran, it probably would have some impact on the stock,” said Cowen aerospace analyst Cai von Rumohr, CNBC reported. […]

Iranian Firm to Build Utility Vessels for Oil Platforms

The managing director of Iran’s Arvandan Shipbuilding Company said the company plans to construct utility vessels for oil platforms for the first time. Speaking to the Tasnim News Agency, Hossein Qorbani said the firm is in talks with the Iranian Offshore Oil Company (IOOC) about the construction of the utility vessels. He said the IOOC […]

Iran, Kazakhstan set up Joint Shipping Company

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade. Iran and Kazakhstan’s state-owned railway company have set up a joint shipping company to connect Central Asia to southern Iran, Mohammad Saeedi told the Tasnim […]

Plans for Flights between Erbil and Urmia

By John Lee. An Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil International Airport (pictured) and the city of Urmia, in Iran’s Kurdistan province. Ahmad Montazami, the head of the Iranian Foreign Ministry’s office in Urmia, told Fars News Agency that the service could be started […]

Iran Closes Airspace to Flights from Iraqi Kurdistan

By John Lee. Iran has reportedly closed its airspace to all flights originating in Iraqi Kurdistan. It’s state-run IRNA news agency said on Sunday that the move followed a request from Baghdad. In a separate development, an Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil and […]