Tag Archives | China

SKEC to Upgrade Tabriz Refinery

South Korea’s SK Engineering and Construction Co. (SKEC) signed a heads of agreement on Saturday for a 1.6 billion euro upgrade of the Tabriz refinery in northwest Iran. South Korean National Assembly Speaker Chung Sye-kyun, who was in Tehran to attend President Hassan Rouhani’s swearing-in, oversaw the signing between SKEC, Tabriz Oil Refining Company and […]

Trump’s Options on the Nuclear Deal with Iran

By Seyed Hossein Mousavian for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. While President Donald Trump’s State Department has twice now certified Iranian compliance with the July 2015 nuclear deal, there are indications that Trump is intent on scuttling his predecessor’s signature foreign policy achievement. However, […]

Iran-China Trade Up 31%

Trade between Tehran and Beijing in the first half of 2017 increased by 31 percent compared to a year earlier, coming in at $18 billion, the China’s customs data showed. China’s exports to the Islamic Republic in the first half of 2017 also increased by 23 percent compared to the same period in 2016, amounting to […]

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Talks with 27 Foreign Firms over Major Oil Projects

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Tehran is in negotiations with 27 foreign companies over oil projects worth $200 billion. “I can assure you this (gas deal with Total) isn’t the last one,” Zamaninia told CNNMoney on the sidelines of an oil conference in Istanbul, Turkey, on Tuesday referring to […]

Total Deal Serves National Development: Iran’s VP

Iran’s first vice-president played down criticism by opponents of a recent gas deal Iran has signed with France’s Total, saying the contract would serve the goals of national development, as emphasized by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei. Those opposing the recent gas deal the Oil Ministry has signed with the French […]

Oil Minister defends Total Gas Deal in Parliament

Iranian Oil Minister Bijan Namdar Zanganeh in an open session of the parliament briefed the lawmakers on a controversial $5 billion gas deal recently signed with France’s energy giant Total, saying the agreement would serve the Islamic Republic’s interests. Addressing the open session of the parliament on Wednesday, Zanganeh defended the deal with Total to […]

Lordegan Petchem Plant Operational by 2018

By John Lee. The managing director of Lordegan Petrochemical Plant has said his facility will become operational by 2018 with €502m of investment by China. Mohsen Zarei Far said the project, which is being developed for production of feedstock for ammonia and urea fertilizer plants, has so far progressed 69%. Fed by natural gas, the […]

Total Deal “Strongly Opposed” by Domestic Experts

Some Iranian experts and top figures in oil and gas industry have voiced their strong opposition to a $5 billion gas deal recently signed between Iran and France’s energy giant Total, saying Total has hatched “a sinister plot” against the Islamic Republic. In a television program aired on Saturday night, Asghar Ebrahimi-Asl, a former deputy […]

Iran “Illegally Seeking Weapons Tech” from German Firms

By John Lee. Iran is reportedly targeting German companies in a bid to advance its missile program, in possible violation of an international agreement. Refering to a recent report from a German intelligence agency, Fox News says that Iran is actively seeking “products and scientific know-how for the field of developing weapons of mass destruction […]

Total and NIOC sign South Pars Development Contract

French oil major Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent per day including […]