Tag Archives | Austria

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 […]

West Karoun Oil Production to reach 368,000 bpd

Iran currently produces 290’000 barrels of crude oil per day, the figure which is going to witness an increase of 78000 barrels bpd, the managing director of Iran’s Petroleum Engineering and Development Company (PEDEC), Noureddin Shahnazizadeh said. Holding a press conference for the latest achievement of the West Karoun oil fields, Shahnazizadeh mentioned that the […]

Tehran, Vienna See Oil, Energy Cooperation Opportunities

Austrian finance minister met Iran’s minister of petroleum in his Tehran office to discuss cooperation avenues in oil and gas projects. Hans Jorg Schelling met Iranian Minister of Petroleum Bijan Zangeneh in Tehran on Sunday at the head of a high-profile economic delegation. Also accompanying Mr. Schelling was Austrian Ambassador to Tehran Friedrich Stift. Enhancing […]

Austria Seeks Tax Agreement with Iran

Austria’s Minister of Finance Hans Jorg Schelling said his country is seeking to sign a double taxation agreement with Iran. In a meeting with Iran’s foreign minister in Tehran on Sunday, Schelling said he has visited Iran with the purpose of boosting bilateral economic and financial relations. Voicing Austria’s eagerness to develop joint training programs […]

Band Karkheh Oilfield back again for Development

Executive manager of the project to develop Band Karkheh oilfield announced that OMV, the international, integrated oil and gas company based in Vienna, will begin developing the oilfield in the near future. Fars News Agency quoted Alireza Zamani as saying on Tuesday, “The OMV will soon start development activities in Band Karkheh oilfield.” Noting that […]

Gazprom Neft, OMV to Cooperate on Iranian Projects

At the St. Petersburg International Economic Forum, Gazprom Neft signed a Memorandum of Understanding with OMV Aktiengesellschaft. The document, which describes the mutual interest projects in the oil and gas industry, was signed by First Deputy General Director of Gazprom Neft Vadim Yakovlev and OMV Executive Board member responsible for Upstream, Johann Pleininger. The agreement […]

NIOC Finalizing Deal with OMV

The National Iranian Oil Company (NIOC) is in the final phase of talks with OMV to sign a contract to sell 40,000 barrels of oil per day to the Austrian oil and gas company, the NIOC chief said. “The prospective agreement will help Tehran pay its outstanding debt to OMV,” Ali Kardor was quoted as […]

Austrian Airlines to offer Flights to Shiraz

Starting on July 2, 2017, Austrian Airlines will take off four times a week to the Iranian city of Shiraz. The airline will serve this route Vienna-Isfahan-Shiraz, leaving Vienna on Mondays, Wednesdays, Fridays and Sundays to make an interim stopover in Isfahan. In addition to existing services of up to 14 weekly flights to Teheran […]

Austrian Oil Firm signs Iran Agreement

Austrian oil and gas company OMV has signed a Memorandum of Understanding with Dana Energy, a “leading Iranian company targeting oil and gas upstream field development activities“. The parties agreed to evaluate possible upcoming development and re-development projects in the Iranian oil and gas industry. The document was signed in Vienna by S. Mostafa Khoee, […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

NISOC, Pergas sign Agreements for Oilfield Studies

The National Iranian South Oil Company (NISOC) and the international Pergas consortium have signed a Memorandum of Understanding (MoU) and Non-disclosure Agreement (NDA) to study the Karanj and Shadgan oil fields. Speaking on the sidelines of the signing ceremony, NISOC Managing Director Bijan Alipour said his company will sign a number of cooperation deals with […]

Major Austrian Banks to Open Branches in Iran

The head of the Chamber of Commerce of Austria’s Vorarlberg region said major Austrian banks plan to open branches in Tehran following the removal of anti-Tehran sanctions. Key banks such as Bank Austria and Raiffeisen Bank International would be specifically interested in cooperating with their Iranian partners, Helmut Steurer said. Stressing that there is a […]

Iran, Austria Discuss Closer Consular Cooperation

High-ranking officials from Iran and Austria held talks on ways to boost cooperation between the two countries in consular affairs. The second joint meeting of Iran and Austria on consular cooperation was held in Tehran on Sunday and Monday with Iranian Foreign Ministry’s Director-General for Consular Affairs Ali Chegini and his Austrian counterpart, Elisabeth Felsberg, […]

How Dual Nationality became a Key Controversy in Iran

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. In Iran, the Intelligence Ministry’s barring of 35 senior officials from holding government positions has once again brought dual nationals into the spotlight. The issue was initially raised in the ninth parliament (2012-16) as a […]

Danish Conglomerate to Promote Iranian Oil Upstream

Paul Munk Andersen, Deputy Managing Director of Danish conglomerate Maersk Group, says his company is ready to cooperate with Iranian companies to promote Iran’s upstream oil sector. Anderson told Shana that Iran can use advanced technology to benefit from its oil and gas sources and enhance recovery. A Member of the Board of Diretors of Wintershall, […]

OMV negotiating Iran Crude Oil Deal

By John Lee. Austrian oil company OMV is reported to be negotiating a long term contract of crude oil with National Iranian Oil Company (NIOC). Seyed Mohsen Ghamsari, Executive Director for International Affairs at the NIOC, said: “Iran’s oil export to Austria has kicked off through spot contracts … No final agreement has been reached […]