Tag Archives | European Union (EU)

Iran Expects Final Nuclear Report on Friday

By John Lee. Iran’s Fars News Agency reports that Iran expects the International Atomic Energy Agency (IAEA) to issue a “final” report on Friday confirming it has met all its obligations under the Joint Comprehensive Plan of Action (JCPOA). Deputy Foreign Minister Abbas Araqchi [Abbas Araghchi] (pictured) said on Wednesday that Foreign Minister Mohammad Javad […]

Iran Removes Arak Nuclear Reactor Core

[Editors’ Note: This report has been subsequently denied by Iran’s deputy nuclear chief.] The Independent reports that Iran has removed the core of its Arak heavy water nuclear reactor and filled it with cement, as required under the Joint Comprehensive Plan of Action (JCPOA) signed last year. Reconfiguring the reactor so it could not produce […]

Iran Allocates $6bn for Petchem, Refinery Projects

The Director of Investment at Iran’s National Petrochemical Company (NPC) said the National Development Fund (NDF) has allocated 6 billion dollars for petrochemical and refinery projects. “Financing of projects from the fund will be expedited after SWIFT is back,” Amir Hassan Fallah told Shana. He said Japanese, South Korean, and European firms are interested in […]

Bulgaria Ready to Transit Iranian Gas to Europe

Bulgarian Foreign Minister Daniel Mitov said his country is ready to receive natural gas from Iran and pump it to European countries. He made the statement in a meeting with Majlis (Parliament) Speaker Ali Larijani, during which expansion of trade ties after the removal of anti-Iran sanctions was discussed. “In the coming 2-3 weeks, when […]

Adoption Day for Joint Comprehensive Plan of Action

Joint Statement by EU High Representative Federica Mogherini and Iranian Foreign Minister M. Javad Zarif Today (18th December) is Adoption Day of the Joint Comprehensive Plan of Action (JCPOA) related to the Iran nuclear programme. This is another important milestone that brings us a step closer to the beginning of implementation of the JCPOA, to […]

EU, Iran Relationship Warms Up

By Aniseh Bassiri Tabrizi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the July 14 signing of the Joint Comprehensive Plan of Action (JCPOA), European institutions have been actively seeking ways to boost the union’s ties with Tehran. In 2003, when international concerns over […]

Iranian Olive Branch Offers Diplomatic Paradigm Shift

By Hassan Ahmadian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. It has been five years since the Arab Spring began roiling the Middle East and North Africa. During this time, conflict pitting Saudi Arabia and Qatar against Iran and its regional allies in Syria, […]

Swiss Govt to Ease Iran Sanctions

By John Lee. According to a report from Associated Press, the Swiss government says it plans “in principle” to ease sanctions against Iran in line with the European Union and the United Nations following an international accord on Tehran’s nuclear program. The Federal Council said it has instructed the Economy Ministry to prepare changes to […]

IGRC-Linked Companies may Partner with IOCs

The man responsible for Iran’s new oil contracts has said that domestic companies linked to the Islamic Revolutionary Guards Corp (IRGC) may be approved to partner international oil companies (IOCs) in joint ventures. Seyed Mehdi Hosseini, head of the Oil Contracts Restructuring Committee, said: “The point of these Revolutionary Guards is that they are engineering companies, […]

Winners and Losers if Sanctions Lifted

By John Lee. An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran. Winners EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market. Oil services companies: Iran says it needs […]