Tag Archives | European Union (EU)

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]

UK Banks rebuff Govt push to Boost Iran Trade

By John Lee. According to a report from Reuters, the Royal Bank of Scotland (RBS) has rebuffed efforts by the British government, a major shareholder, to coax the lender into facilitating trade with Iran. Following the lifting of sanctions, and in anticipation of the UK leaving the European Union (EU), British officials have sought to […]

Aseman Airlines to Lease Airbus Jets

By John Lee. Reuters reports that Iran Aseman Airlines has agreed to lease seven Airbus jets. The leasing company has not been identified. Last week the European Union banned the airline from operating within the EU because of safety concerns, although the airline does not fly to the EU. Owned by Iran’s civil service pension […]

US firms join International Air Show in Iran

By Changiz M. Varzi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On the front page of the Nov. 17 edition of the Reformist Etemad newspaper, a headline in small type, tucked in a corner, read: “Americans in Kish [Island].” The report detailed how American […]

EU urges Trump to Commit to Iran Nuclear Deal

By John Lee. Foreign ministers from the European Union (EU) reaffirmed on Monday their commitment to the nuclear agreement with Iran. Their statement comes following discussions about the election of Donald Trump as President-elect of the United States. Trump was strongly opposed to the Iran nuclear deal. The full statement can be downloaded here. (Source: EU) (Image: […]

Mogherini: Trump Can’t Cancel Iran’s Nuclear Deal

Responding to US president-elect Donald Trump’s negative remarks about Iran’s nuclear deal, Federica Mogherini, the EU high representative for foreign affairs and security policy, said the US can’t cancel the deal, known as the Joint Comprehensive Plan of Action (JCPOA). “The Iranian nuclear agreement is not a mutual deal between Iran and US, but a […]

Will Iran allow the EU to Open Shop in Tehran?

By Rohollah Faghihi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The European Union Parliament passed a resolution Oct. 25 calling for normalization of relations with Iran — a decision that Tehran cautiously welcomed. In response to the resolution, Iranian Foreign Ministry spokesman Bahram Qassemi said that […]

The real reason Boeing, Airbus deals with Iran matter

By Saheb Sadeghi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Soon after the US Treasury Department granted licenses to Boeing and Airbus to sell passenger planes to Iran, Tehran welcomed the move as a fulfillment of American obligations under the nuclear deal. On Sept. 24, […]

Iran, Airbus to Finalize Deal ‘Soon’

Iran’s Minister of Road and Urban Development, Abbas Akhoundi, said Iran will finalize a contract with French plane manufacturer Airbus to purchase of jetliners in the near future. Speaking to reporters on Monday, Akhoundi said his ministry and Airbus representatives held negotiations in Tehran last week following the US decision to remove a final hurdle […]

Iran Studying Europe Gas Export Plans

Iran is reviewing various options for exports of natural gas to Europe thus once more reviving an ambitious plan that had been previously shelved due to sanctions as well as technical problems. Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC), said that Iran’s media as saying that exporting natural gas […]