Tag Archives | European Union (EU)

EU considers Connecting Iran to Southern Gas Corridor

The EU is ready to discuss the possibility of connecting Iran to the Southern Gas Corridor, European Commission Vice-President for Energy Union Maros Sefcovic said at a press conference in Baku. This will also depend on Iran’s strategy, as presently the country mainly focuses on increasing oil export, Sefcovic said Thursday following the Fourth Ministerial […]

Will Brexit jump-start Iran-UK trade?

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Many foreign companies returned to Iran’s largely untapped market after the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015. The landmark deal took effect six months later, and lifted international sanctions in […]

Zarif Hails Strong Consensus on JCPOA in Brussels

Iranian Foreign Minister Mohammad Javad Zarif said there was solid consensus on the need for preserving the Joint Comprehensive Plan of Action (JCPOA) in a meeting he had with the European Union’s diplomatic chief and the foreign ministers of Britain, France and Germany on Thursday. “Strong consensus in Brussels today,” Zarif said in a Twitter […]

Iran Unveils Plan for Gas Exports to Europe

An Iranian energy official unveiled plans for a major boost to the export of gas through the country’s western distribution network, describing a rise in the pipeline capacity as part of a project to increase gas exports to Iraq, Turkey and Europe. Speaking to Tasnim on Sunday, Iranian Gas Engineering and Development Company (IGEDC) Managing […]

NITC awarded EU MRV Monitoring Certificate

The National Iranian Tanker Company (NITC) has been certified by EU’s MRV Monitoring Plan for taking effective environmental measures including monitoring and reporting of its fleet’s CO2 emission, an NITC official said. The company’s technical director and head of the fleet operations, Akbar Jebel Ameli, said NITC won the certificate for properly controlling and reporting […]

EU Foreign Policy Chief reveals Iran Deal ‘Secret’

In order to sell the nuclear deal to domestic constituencies and the world, Iran and the P5+1 countries overpromised the benefits of the deal. But, despite public denials by those officials that the nuclear deal would lead to further negotiations over significant geopolitical issues, it did not stop a myriad of analysts and deal skeptics […]

Iran’s Exports to EU Up 107%

The value of Iran’s exports to the European Union (EU) witnessed a significant rise over the first nine months of 2017, a report said. The value of Iran’s exports to the EU from January to September 2017 reached as high as €7.2 billion, showing a 107 percent increase compared to the same period last year, according […]

Iran Looking for New Oil Customers in Europe

An Iranian deputy oil minister unveiled plans for a rise in crude exports to Europe by finding new customers. Speaking to Tasnim, Marzieh Shahdaei said the Oil Ministry is negotiating with new European customers as part of policies to increase crude oil exports to the continent. With the conclusion of the business talks, Europe’s share […]

EU Visitor Impressed by Iran’s Progress in Food Industry

A member of a visiting delegation from the European Union said she was impressed by the level of standard of certain sectors of the food industry in Iran, hailing the country’s advances despite foreign sanctions. A 70-strong delegation from the European Union, led by the EU’s Commissioner for Agriculture and Rural Development Phil Hogan, is […]

EU Commissioner to Help Resolve Iran’s Banking Problems

Visiting European Union Commissioner for Agriculture and Rural Development Phil Hogan vowed to make efforts to help resolve banking problems hampering Iran’s foreign trade with the 28-nation bloc. Speaking at a press conference in Tehran on Saturday, Hogan highlighted the reasons behind the existence of banking problems hampering Iran-EU trade two years after the Iran […]

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]

Video: EU warns of ‘Dangerous’ Mid-East Escalation

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Europe’s top diplomat Federica Mogherini warns that the mounting tension between Saudi Arabia, Iran and their respective allies and proxies is “extremely dangerous,” which the European Union views as “proof” of the need of […]

Europe’s Efforts to Facilitate Banking Ties with Iran “Not Sufficient”

Iranian Deputy Foreign Minister for American and European Affairs Majid Takht Ravanchi said European countries have not made enough efforts to persuade their banks work with Iran. Addressing a conference in the French capital of Paris on Tuesday, Takht Ravanchi stressed the need for the European parties to the 2015 nuclear deal, known as the […]

Boeing-IranAir deal at risk amid claims of IRGC use

By Saeed Jalili, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s new Iran strategy, including his Oct. 13 refusal to certify that the Joint Comprehensive Plan of Action (JCPOA) meets congressional requirements, will push a contract for 80 passenger jets signed […]

Video: Trump’s Iran Speech raises Int’l Concern

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Trump’s decision on the Iran nuclear deal is raising international concerns. Many argue the US cannot unilaterally amend a security council resolution. Iran has also sent a formal letter of protest to the […]

US “Unable to Stop Irans Oil Exports”

If the US reimposes sanctions on Iran’s oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will not be able to stop crude flows that returned to the market in 2015, according to sanctions expert Elizabeth Rosenberg, Platts reported. “Grudging compliance does […]

Iran looks to Europe over Fate of Nuclear Deal

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. As concerns grow every day about whether or not the United States will abandon the nuclear deal with Iran, Tehran is weighing its options in different possible scenarios. Donald Trump has long vowed to […]

JCPOA ‘Delivering’, EU’s Mogherini Says

EU Foreign Policy Chief Federica Mogherini dismissed Washington’s view that the 2015 nuclear deal between Iran and world powers should be renegotiated, saying that the agreement is “delivering”. “There is no need to renegotiate parts of the agreement because the agreement is concerning a nuclear program and as such is delivering,” Mogherini told reporters on […]

Europeans Keen for Close Economic Ties with Iran

Iranian President Hassan Rouhani and a number of European leaders discussed the bilateral, regional and international issues on the sidelines of the UN General Assembly, with all the Europeans showing enthusiasm for investment in Iran and stronger trade ties in the post-JCPOA era. Keeping a busy schedule during his trip to New York, President Rouhani […]