Tag Archives | Denmark

Shipping Giant to cease Iran Business

By John Lee. Danish shipping giant AP Moller-Maersk has said it will cease operations in Iran following the reimposition of US sanctions. Chief Executive Soren Skou is quoted as saying: “With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the U.S., and we have […]

Finland, Denmark, Sweden agree deal with Iran’s IDRO

The ambassador of Finland to Tehran said Helsinki, Copenhagen and Stockholm have signed an agreement with Iran’s IDRO Group to improve cooperation in various fields, including oil and renewable energies. “Finland, Denmark and Sweden signed an MoU with IDRO of Iran to promote collaboration in in the fields of oil & gas, high-tech, transportation, renewable […]

DRC Calls for Expressions of Interest in Iran Tenders

The Danish Refugee Council (DRC) is a humanitarian, non-profit, non-government organisation (NGO) working in more than 30 countries throughout the world since 1956. DRC has been operational in Iran since the spring of 2012 working in partnership with the Iranian Government through the Bureau for Aliens and Foreign Immigrant Affairs (BAFIA), the Ministry for Health […]

Iran may Entrust Maersk with SPOL Development: CEO

The managing director of Pars Oil and Gas Company (POGC) said his company is planning to sign a deal with Denmark’s Maersk for developing South Pars gas field’s oil layer (SPOL). Addressing a press conference on Monday, Mohammad Meshkinfam said several companies are in talks with POGC for developing SPOL but the talks with Maersk […]

Iran Falls in Ease of Doing Business Index

By John Lee. Iran has been ranked 124th out of 190 countries in the World Bank‘s recent Doing Business 2018 report, down from 120th place the previous year. Despite the fall in the rankings, the report notes that over the previous year Iran improved access to credit information by reporting data on credit payments from […]

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 […]

Iran Signs €500m Deal with Danske Bank

By John Lee. Danske Bank has signed a €500-million finance deal with a group of Iranian banks. Under the agreement, the Danish bank will allocate resources to finance construction and production projects of the private and public sector in Iran. The Iranian banks involved include: Bank Mellat, Bank Pasargad, Bank Sepah, Parsian Bank, Saman Bank, […]

NIOC Reviews Maersk Plan for Developing SPOL

The National Iranian Oil Company (NIOC)‘s committee of reservoir advisors has reviewed Maersk Group‘s proposed plan for developing South Pars Oil Layer (SPOL). The proposal was considered in the 140th meeting of the committee’s members at NIOC headquarters in Tehran on Tuesday. During the meeting, reservoir specifications, development projects in three phases, and possible scenarios […]

European, Asian Firms “Ready to Fund Iran’s Plane Purchases”

Iran’s Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhrieh Kashan said several major institutions from Europe and Asia have expressed readiness to fund the country’s purchases of planes from global aviation giants Airbus and Boeing. Nine financial institutions from Norway, Denmark, Ireland, Britain, China and Japan are ready to fund the […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

Resumption of Iranian Oil Exports off to slow start

By Dr. David Ramin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In mid-January, an Iranian oil tanker leased to a Spanish oil company reached Europe. It called at the Port of Algeciras in Spain two days after the one-year anniversary of the implementation of […]

Iran, Denmark Sign MoU on Veterinary Health

Iran and Denmark have signed a memorandum of understating (MoU) to boost their cooperation in the areas of animal husbandry and veterinary hygiene. The cooperation document was signed during a ceremony attended by the head of the Iran Veterinary Organization (IVO), Mehdi Khalaj, and Chief Veterinary Officer of the Danish Veterinary and Food Administration, Per […]

Maersk Expands Operations in Iran

By John Lee. Denmark’s Maersk Line is to operate from a second port in Iran, less than three months after it resumed services to the country following the lifting of sanctions. The company pulled out of Iran in 2012, but having resumed services at Bandar Abbas in October, it has just added the port of Bushehr […]

Iran Attracts $7.2bn in Finance from 3 Foreign Banks

The vice governor of the Central Bank of Iran (CBI) has announced that the country has managed to attract 7.2 billion dollars in finance from three foreign banks. In a meeting between Iranian First Vice-President Eshaq Jahangiri and the CBI officials in Tehran, Gholamali Kamyab said attracting $10 billion of foreign finance has been defined […]

Danske Bank “in Talks” with CBI

By John Lee. Denmark’s Danske Bank has confirmed that it is in talks with the Central Bank of Iran (CBI) regarding arranging credit to clients with business activities in the country, but that no deal has yet been reached. A spokesperson for the bank also told Reuters that it is already supporting clients in Iran […]

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 […]

Denmark Eyes Fresh Political Talks with Iran

The Danish deputy foreign minister invited her Iranian counterpart to visit the Scandinavian country for a new round of political negotiations between Tehran and Copenhagen. In a meeting with Iranian Deputy Foreign Minister for American and European Affairs Majid Takht Ravanchi in Tehran on Tuesday, Denmark’s State Secretary for Foreign Policy Lone Dencker Wisborg invited […]

Maersk Line Returns To Iran

By John Lee. Danish-based shipping company Maersk Line has announced that it will be resuming service to Iran following a five-year break. Christian Juul-Nyholm, Managing Director of the UAE branch of Maersk Line, said: “Global container trade has matured over the past years and is growing at a slower pace. Iran has the potential to […]

Denmark’s Exports to Iran Rise by 66%

Denmark’s Ambassador to Iran Danny Annan said his country’s exports to the Islamic Republic jumped by 66 percent in the 17 months ending May 31, 2016. “Bilateral trade is really blooming,” Annan said as cited by PH Post on Tuesday. “If you look at the first five months of 2016 and the total result of […]

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, […]