Tag Archives | Azerbaijan

Russia, Iran and Azerbaijan to create new Gas Cartel?

By John Lee. Russian President Vladimir Putin said at the opening of the tripartite Russia-Iran-Azerbaijan summit in Baku that Russia and Iran already develop gas fields in the Azerbaijani sector of the Caspian Sea (Shah Deniz), while Azerbaijan is building a gas pipeline to Europe (TANAP). In response to a question from Pravda.ru, Ruslan Tankayev, correspondent […]

IKCO to build Plant in Azerbaijan

By John Lee. Iran Khodro (IKCO) is to set up a new production line in Naft Chaleh in Azerbaijan to make its Dena, Runna, Samand and Soren models. The project is expected to be finished by the first half of next year, and employ 300 people. The vehicles are expected to be put on sale in […]

Iran-Azerbaijan Growing Cooperation in Road, Rail Transport

Iran’s ambassador to Azerbaijan hailed the two countries’ close cooperation in the area of road and rail transport, saying that the Azeri government plans to exempt Iranian trucks from paying road taxes. Speaking to some Azeri media outlets on Friday evening, Mohsen Pak-Ayeen pointed to a recent amendment to Azerbaijan’s tax law and said Iranian […]

Iranian, Azeri Officials to Discuss Railroad Project

A joint task force between Iran and the Republic of Azerbaijan will convene in Baku to discuss financial partnership to construct a railroad in north of Iran that will be connected to Azerbaijan’s rail network later. According to Iran’s Ambassador to Azerbaijan Mohsen Pakayeen, the task force is going to hold a session in Baku […]

Iran, Azerbaijan to build Rasht-Astra Railway

Iran’s ambassador to Azerbaijan said the two countries are “seriously” resolved to complete the Rasht-Astara railway project and that they will continue talks on a $500-million loan from Baku to finance the project. “Regarding Rasht-Astara railway, both Iran and Azerbaijan are seriously determined to complete (the project),” Mohsen Pak-Ayeen told reporters in Tehran. He added […]

Rosneft to Export Fuel to Iran through Azerbaijan

By John Lee. Russia’s Rosneft intends to export fuel to Iran from 2017, according to a report from APA. Petrocas Energy Group, which is 49 percent owned by Rosneft, will build a logistics terminal over the Southern Caucasus corridor, the company’s president, Vano Nakaidze, told RBK. Petrocas will export gasoline and diesel to Iran’s Neka […]

Azerbaijan to Give Iran Loan for Railroad Project

An Iranian deputy minister unveiled plans for getting a $500 million loan from the Republic of Azerbaijan to construct a railroad in the northern part of the country that will later be connected to Azerbaijan’s railroad network. Iran’s Deputy Minister of Road and Urban Development Ali Noorzad told Trend on Friday that the loan will […]

Iran-Azerbaijan Joint Bank to start Next Year

The joint bank of Iran and the Republic of Azerbaijan will become operational next year, the Central Bank of Iran’s chief said. Valiollah Seif was quoted as saying by APA that the joint bank is supposed to begin operating next year. “Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev reached agreement on cooperation in […]

Azerbaijan calls for Expansion of Agricultural Ties with Iran

Azerbaijan’s President Ilham Aliyev hailed the growing trend of bilateral ties between Tehran and Baku in diverse fields, calling for enhancement of bilateral cooperation in the field of agriculture as well. Iran and Azerbaijan are “brothers” and “friends” and should increase their cooperation in agriculture and farming industry, Aliyev said in a recent meeting with […]

Iranian Trade Mission to visit Azerbaijan

By John Lee. Iran’s Minister of Agriculture Jihad Mahmoud Hojjati (pictured) is to start a three-day visit to Azerbaijan on Sunday. According to Azertac, he will lead a group of Iranian businessmen and will attend an Azerbaijani-Iranian business forum. (Source: AzerNews)

Work begins on Iran – Azerbaijan Rail Bridge

By John Lee. A ground-breaking ceremony was held on the Iranian-Azerbaijani border last week to mark the start of construction on a railway bridge across the Astarachay river, which will link the two countries. According to a report from International Railway Journal, the dual-gauge (1520mm and 1435mm gauge) bridge will connect the Azerbaijan Railways (ADY) […]

Larijani calls for Tehran-Baku Banking Ties

Iranian Parliament Speaker Ali Larijani emphasized that the banking cooperation between Tehran and Baku should be facilitated in the wake of the removal of anti-Iran sanctions. Larijani made the remarks during a meeting with his Azeri counterpart Ogtay Asadov in the Russian capital, Moscow, on Tuesday on the sidelines of the first meeting of Eurasian […]

Iran, Azerbaijan sign 11 Agreements, MoUs

Iran and Azerbaijan have signed 11 agreements and memoranda of understanding to further develop mutual ties. The documents were signed on Tuesday in Tehran by high-ranking officials of Tehran and Baku at the presence of President Hassan Rouhani and President Ilham Aliyev. The agreements are in the fields of limiting and reducing the consequences of […]

Azerbaijan Bans Iranian Meat Imports

By John Lee. Azerbaijan has introduced a temporary restriction on the import of livestock and livestock products from Iran. According to the report from Financial Tribune Daily, the ban follows an outbreak of foot and mouth disease in the Iranian province of Qom. “The import of animals and animal products from the provinces of Qom, […]

Iran Increases Food Exports to Russia

By John Lee. The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), Massoud Khansari (pictured), has announced that 500 trucks carrying foodstuffs have been dispatched to Russia in the past week, via the Azerbaijan Republic. According to Tasnim News Agency, Iran has made great efforts in recent months to replace Turkey in the […]

Korea to help Rebuild Telecom Network

By John Lee. IRNA quotes Iran’s Telecommunication Network spokesman Davoud Zareian as saying that some of the required equipment to develop the network has been purchased and Korean experts will help to build it. Some of the equipment purchased in the tender has been used in the Razavi Khorasan, Fars and Azerbaijan provinces. He added […]

$30bn Electricity Projects for Foreign Investors

Iran plans to offer electricity generation projects worth €28 billion ($30 billion) to foreign investors. IRNA news agency quotes Energy Minister Hamid Chitchian (pictured) as saying that between 47,000 to 50,000 megawatts (MV) are expected to be added to generating capacity over the next 10 years, requiring an investment of $5 billion per year in […]

New Free Trade Zones to Boost Exports

Iran plans to establish new free trade zones (FTZs) with the aim of boosting exports to neighbouring countries. Senior Presidential Advisor Akbar Torkan (pictured) told Mehr News Agency that Iran’s Free and Special Zones Council is determined to set up new export terminals, with Shalamcheh and Maku export terminals to be completed in the current […]

Iran Sets Sights on Armenia

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. If one thing is certain about Iran’s recent move to step up relations with Armenia, it’s that it’s for very good economic reasons. On Oct. 14, Tehran took the opportunity of impending sanctions relief […]

Iran gives 30-day visas at airports

By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]