Tag Archives | Germany

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 […]

NIOC reviews Wintershall Oilfield Proposal

German energy company Wintershall has submitted its proposal for developing Iran’s Dehloran oilfield to the National Iranian Oil Company (NIOC), which is now studying the plan. The NIOC held a committee meeting of its advisors in reservoir management to consider the proposal on Monday, January 29, 2018. NIOC has said the German company plans to […]

Iran Files $4.9bn Complaint against Deutsche Boerse

The Central Bank of Iran (CBI), also known as Bank Markazi, has filed a suit in Luxembourg against Deutsche Boerse’s Clearstream unit seeking to recover $4.9 billion in assets plus interest, the German stock exchange operator said on Thursday. The assets, frozen on suspicion of terror financing and in part paid to victims, include $1.9 […]

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 […]

Germany Exports $2.8bn in Goods to Iran in 9 Mths

The head of the German-Iranian Chamber of Commerce said Germany sold 2.358 billion euros ($2.846 billion) worth of goods to Iran, and imported just $328 million worth of goods from Iran in nine months from January through October 2017. Michael Tockuss, head of Deutscher Industrie- und Handelskammertag (DIHK), added that German exports to Iran grew […]

BASF seeks Catalyst Technical Savvy from Iran

German petrochemical heavyweight BASF has ordered 180 tons of methanol synthesis catalyst from Iran’s Petrochemical Research and Technology Company (PTRC). According to the National Petrochemical Company (NPC), Esmaeil Ghanbari, PTRC managing director, said the item was 10 years in the making by PTRC and its quality has been approved by BASF as superior to its […]

New US Sanctions over Iran: Full Details

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a network of individuals and entities involved in a large-scale scheme to help Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) counterfeit currency to support its destabilizing activities. This network employed deceptive measures to circumvent European export control restrictions and procured advanced […]

RIPI signs deal with Germany’s Raschig

Iran’s Research Center of Petroleum Industry (RIPI) has signed a memorandum of understanding (MoU) with Germany’s Raschig for technology transfer and training. The deal was signed on Monday by Mansour Bazmi, head of RIPI’s technology and international relations department, and Michael Schultes, the company’s Technical Director, at RIPI’s headquarters in Tehran. The deal concerns RIPI-Raschig […]

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 […]

Germany’s Siemens Delivers 2nd F-Class Turbine to Iran

Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power station was […]

European Powers Continue to Support Nuke Deal

Joint statement from Prime Minister Theresa May, Chancellor Angela Merkel and President Emmanuel Macron following President Trump’s statement on the US’ Iran Strategy. We, the Leaders of France, Germany and the United Kingdom take note of President Trump’s decision not to recertify Iran’s compliance with the Joint Comprehensive Plan of Action to Congress and are […]

German Firm Starts Construction of Solar Plant

By John Lee. IRNA reports that a German-Iranian company has started construction of first phase of a new 100 MW solar power plant in Meybod. Pasargad Solar Projects Ltd is developing the project in collaboration with Kronos Solar Projects GmbH and Parsia Business Development Solutions. (Source: IRNA)

Iran’s Yazd Tire to supply Renault

By John Lee. Renault‘s Algerian subsidiary, Renault Algérie,  will buy 50,000 tyres from Iranian tyre maker Yazd Rubber Industries Complex. Yazd is also said to be in negotiations with Volkswagen following the German company’s entry into Iran. (Source: Tyrepress)

Iran Eager to Work with German Entrepreneurs

An Iranian minister expressed the country’s willingness to develop a close partnership with German entrepreneurs and industry leaders. In a meeting with a group of German business people in Tehran on Monday, Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee said Iran is ready for trade interaction with German entrepreneurs and industry owners. Highlighting […]

Mercedes-Benz, Iran Khodro to Launch Joint Venture

Representatives of Iranian automobile manufacturer Iran Khodro Company (IKCO) and the German automaker Mercedes-Benz signed a contract to launch a joint venture. According to the contract signed in Germany on Tuesday, the two firms will establish a joint company working in the field of sales and after-sales service of commercial vehicles. IKCO and Mercedes-Benz, which […]

Methanol Sales Deal with German Firm

Iran’s Marjan Petrochemical Company has clinched a contract with a major German firm over sales of methanol produced at a petrochemical plant which will come on stream soon, an official said. “Marjan is the first petrochemical company to have sealed a contract for sales of products with European companies,” Hassan Beigi, the managing director of […]

€3bn Siemens Credit Line on the way

By John Lee. Germany’s Siemens is reported to be preparing to provide 3 billion euros in financing for rail and power projects in Iran. Deputy Minister of Road and Urban Development for International Affairs, Asghar Fakhriyeh-Kashan, said on Tuesday: “Through financing a number of construction projects, Siemens plans to enter into a joint venture with […]

Iran Eyes Petchem Deals with Int’l Majors Soon

A senior Iranian petroleum official says the country is about to sign several deals with international companies for developing petrochemical projects. Following a meeting with executives from Germany’s industrial gases company Linde, Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading, underlined the “very favorable” progress made in talks with leading international companies […]

Iran, Germany Discuss Closer Cooperation in Transport

High-ranking officials from Iran and Germany held talks on ways to boost cooperation between the two countries in various fields, including rail and sea transport. Iran’s Minister of Road and Urban Development Abbas Akhoundi, who is on an official visit to Germany, attended meetings of the joint working groups of the two countries on rail […]

Europe needs Long-Term Vision for Iran Trade

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europe must adopt Long-Term Vision for Trade with Iran Business is increasingly intermixed with politics in Iran’s relations with the world — to the potential detriment to both. For instance, recent developments in bilateral ties […]