Tag Archives | Germany

Germany’s Hermes to Guarantee Iranian Investments

By John Lee. Germany’s Hermes Insurance has reportedly said it is willing to provide insurance coverage for investment projects in Iran, especially in the energy and power sectors. According to Mehr News Agency, the announcement was made at a joint meeting between Iran’s Foreign Minister Mohammad Javad Zarif and German Minister for Economics and Energy […]

Wintershall, Gazprom eyeing Iran Partnership

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. The announcement was made by Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America. “Our partnership with Gazprom is based on trust, […]

Iran Plans to Lease New Train Cars from Europe

Iran’s state-run railway company is in talks with a number of European companies to lease brand-new train cars, an official said. The Islamic Republic of Iran Railways, known as RAJA at home, is proceeding with business negotiations with a number of European companies on leasing train cars, which are mostly new and are expected to […]

Germany’s Lewa Back in Iran Oil, Gas Sectors

Lewa, a worldwide leading manufacturer of industrial equipment, is resuming its activities in Iran in the wake of removed oil and gas sanctions. Speaking to Shana, Joachim Bund, head of Lewa’s sales division, said his company has been serving goods for decades in Iran and installs pumps in projects in all offshore, upstream, petrochemical, downstream […]

Feasibility Study of Guinea Bauxite Project Confirmed

Final feasibility study report of Conakry Guinea bauxite project was confirmed by IMIDRO and Conakry Guinea Minister of Geology and Mines. Both sides defined the terms of cooperation for cost reduction, implementation and financing project as well. According to the report of public relations of IMIDRO, this report confirmed and approved by Mehdi Karbasian chairman […]

Siemens to Resume Transformer Supply to Iran

Germany’s Siemens plans to resume providing power transformers to Iran, the commercial director of its licensed production company says, attributing the development to Iran’s nuclear deal with six world powers. “Thanks to the entry into force of the JCPOA (the official acronym for the nuclear agreement), representatives of Germany’s Siemens travelled to Iran to set […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

NIOC Seals Oilfield Study MoU with Iranian Firm

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MoU) with Ghadir Investment Company (GIC) to carry out studies of oil and gas fields in Iran. Based on the deal, GIC will study the Kisha, Sepehr, Jofeir and phase III of Darkhowin oil and gas fields; GIC will have 6 months to […]

Lufthansa Eyes Catering, Maintenance, Training Deals with Iran Air

An official with Lufthansa said the German flagship airline is seeking to sign several contracts with Iran Air to provide the Iranian national flag-carrier airline with catering, maintenance and pilot training services. “We are in very, very intense discussions, actually almost on a weekly basis,” said Karsten Zang, Lufthansa’s regional director for the Persian Gulf, […]

Imports and Exports Increased, China is Main Partner

Iran’s non-crude-oil exports grew by 3.54 percent in the year ended 20th March 2017, reaching $43.930 billion. During the period, imports increased 5.16 percent to $43.684 billion. Main export items During the period under consideration, the main export items consisted of gas condensate with value of $7.320 billion, light oils and products except gasoline ($2.479 […]