Tag Archives | Austria

OMV Calls for More EU Defense against Sanctions

The CEO of Austrian energy company OMV called on Europe’s politicians to do more to protect EU companies from the returning US sanctions against Tehran. “We are defending ourselves from these political threats whose only purpose is to distort the market in favor of more expensive products,” Rainer Seele told Bloomberg on Thursday. He added, […]

Austrian Airlines drops Isfahan and Shiraz Routes

By John Lee. Austrian Airlines has announced that it will stop flights to the Iranian cities of Isfahan and Shiraz. In a statement, the company said: “Isfahan and Shiraz in Iran will already no longer be represented in the Austrian Airlines flight offering as of the middle of September 2018. However the traditional flight to […]

Tehran, Vienna Extend Energy Cooperation

Iran and Austria have held talks to bolster oil and energy ties, a senior Iranian energy official said. Amir Hossein Zamaninia, deputy petroleum minister for international affairs and trading, who accompanied President Hassan Rouhani in his visit to Switzerland and Austria, outlined the visit’s achievements, saying the agreement on energy cooperation between the Iranian Ministry […]

Austria’s OMV Not Halting Energy Projects in Iran

Austrian oil and gas group OMV said it had not halted its planned Iranian energy projects despite the US withdrawal from the 2015 nuclear deal between Tehran and world powers. The group was monitoring political developments in the United States and the European Union very closely, said upstream chief Johann Pleininger at the annual shareholders’ […]

Oberbank puts Iran Deal ‘On Hold’ over Trump

Oberbank, Austria’s seventh-largest bank, has put projects “on hold” due to the uncertainties surrounding the 2015 nuclear deal between Tehran and world powers, a report said. In a presentation to shareholders by Oberbank CEO Franz Gasselsberger, said the financing of projects in Iran remains “on hold” because the current US policy “complicates the business massively”, […]

Tehran’s Quality of Living Ranking …

By John Lee. Tehran has been ranked in 200th place in Mercer’s 2018 Quality of Living Survey. This puts it just ahead of Luanda in Angola and Lahore in Pakistan, and just behind Douala in Cameroon and Dar es Salaam in Tanzania. Vienna again retains the top spot; Zurich and Auckland follow in second and […]

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]

Austrian Bank to Finance Iranian Nuclear Hospital

By John Lee. Austria’s Oberbank will reportedly provide $248 million to finance the construction of Iran’s first nuclear hospital. According to a report from Healthcare Global, the new facility will house up to a thousand beds and will be one of the largest of its kind in the Middle East, providing world-class radiotherapy services. Once […]

Austrians Interested in Joint University Activities with the Iran Oil Industry

Austrian companies are keen on joining academic activities in Iran’s oil industry, a visiting delegation from Vienna said. The willingness was signaled at the 4th Iran-Austria joint energy committee held in the central city of Isfahan where the Austrian delegation voiced their country’s keenness to join university activities in oil and gas industry of Iran. […]

Gazprom Neft, OMV, Petronas Proposals for Developing Oilfield

Russia’s Gazprom Neft, Austria’s OMV and Malaysia’s Petronas companies presented their proposed development plans for Iran’s Cheshmeh Khosh oil project. The proposals were explained at the 145th committee meeting of National Iranian Oil Company (NIOC)‘s reservoir advisors in Tehran. The plans presented by OMV and Gazprom Neft are aimed at defining a production ceiling for […]

Austrian Company signs Study Deal with IDRO

The Industrial Development & Renovation Organization of Iran (IDRO Group) has signed a deal with Austria’s HOT Engineering for carrying out studies on Susangerd Oilfield in Iran. The group had previously signed a cooperation deal with the National Iranian Oil Company (NIOC) for developing the field. The document entails putting together a master development plan […]

Isfahan hosts Iran-Austria Energy Committee

Iran’s central city of Isfahan hosted the 4th Iran-Austria Energy Committee on Tuesday, November 21, 2017. The event was held in line with the Iran-Austria economic cooperation roadmap for a 5-year period (2016-2020). The Iranian delegation attending the committee was headed by Hossein Esmaeili, director of Europe, US and Caspian Neighbors Department of the Iranian […]

Singapore Firm signs deal to Study Iran Oilfield

The National Iranian Oil Company (NIOC) and Singapore’s Berlanga signed a memorandum of understanding (MoU) for the latter to start studies on development of Iran’s Dalpari Oilfield. The deal was signed by Gholamreza Manouchehri, NIOC deputy managing director for development of engineering, and Shyngys Kulzhamov, director of Berlanga UK, in Tehran on Wednesday. West Oil […]

Iran, Austria Discuss Closer Trade Ties

Head of Iran’s Chamber of Commerce Gholam Hossein Shafei and Austrian Ambassador to Tehran Stefan Scholz exchanged views about ways to promote bilateral relations between Tehran and Vienna in diverse fields, economy in particular. Speaking at the meeting, held in Tehran on Tuesday, Shafei said Iran’s relations with Austria have been special compared to its […]

Iran Market Great without American Rivals: Europe Firm

A senior executive with an Austrian engineering company says they would welcome an Iranian oil and gas industry market without American rivals. Speaking to Shana on the sidelines of the 1st Austrian Technology Transfer Symposium for Enhanced Oil Recovery by Using Treated Water here in Tehran, the Managing Partner of SONNEK Engineering Company DL Werner […]

Tehran Chamber of Commerce opens London Office

An office of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has been opened in London to attract foreign investment in the Islamic Republic. Speaking at the inauguration of the office, the head of the TCCIMA, Masoud Khansari, said following the 2015 nuclear deal between Tehran and six world powers, also known as […]

Austria Signs Major Finance Deal with Iran

Austria’s Oberbank has signed a credit deal with Tehran to boost exports to Iran, the first European lender to do so since anti-Tehran sanctions were lifted following the 2015 nuclear deal between the Islamic Republic and world powers. Oberbank said the framework agreement will finance Austrian investment projects in Iran’s infrastructure, healthcare and plant construction […]

Austrian Bank to Finance Iranian Deals

By John Lee. Austria’s Oberbank will reportedly provide credit for Austrian companies doing business in Iran. Chief Executive Franz Gasselsberger (pictured) told Reuters that the deal will be signed at ceremony on 21st September at its headquarters in Linz, adding that he has “very concrete projects in the fields of infrastructure, rail, health, hospital construction, […]

Austrian Firm opens Iranian Solar Park

By John Lee. Austria’s KPV Solar GmbH has this week connected its first Iranian solar power station to the network. The 1.2 MW plant (pictured) in Rafsanjan, Kerman province, was planned and installed within six months. According to a report from PV Magazine Deutschland, the development will be paid 0.12 euros per kilowatt-hour over 20 […]

JCPOA Meeting Kicks Off in Vienna

The eighth session of the JCPOA joint commission, a group tasked with monitoring commitments to a nuclear deal between Tehran and six world powers, started work in the Austrian capital, Vienna on Friday. Representatives from Iran, the Group 5+1 (Russia, China, the US, Britain, France and Germany) and the European Union gathered in Vienna to […]