Tag Archives | Germany

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 […]

German Firm “Facing Challenges” Financing Iran Venture

By John Lee. Reuters reports that German steel plant maker SMS Group “faces challenges in raising financing” for its $400-million contract to expand production at Iran’s  Mobarakeh Steel Company. Board member Dieter Rosenthal told the news agency that the privately-held firm, which builds steel, aluminium and copper plants, signed the contract in February to add […]

Why French Carmakers are real Winners of Iranian Protectionism

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

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. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

Banking Problems stall Linde Iran Contracts

By John Lee. Reuters reports that German industrial gases group Linde has revived plant-engineering contracts in Iran, but is unable to act on them until it can transfer money out of the country. It quotes CEO Aldo Belloni as saying that the contracts date from “years ago“, before sanctions were imposed. (Source: Reuters)

Total “in talks” to buy Iranian LNG Project

By John Lee. French oil major Total is reported to be in talks to buy a multi-billion-dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG. According to Reuters, the company is aiming to buy into the project at a discount to the pre-sanctions price in exchange for reviving the project, which […]

Athos Solar completes first Green-Field Solar Plants in Iran

Athos Solar GmbH, based in Heidelberg, Germany, recently became the first investor to install and launch two high-performance green-field photovoltaic plants in Iran. The two systems, located in the province of Hamadan near Tehran, have a surface area of ten hectares each, making them the first of their scale in Iran. Further, their combined peak […]

Germany Supports Transfer of New Technologies to Iran

A German deputy foreign minister has given an assurance that the government would support the process of transfer of new technologies to Iran through private sector investment. German companies in diverse industrial fields are eager to invest in Iran on the basis of transferring new technologies, and the Berlin government backs this process, State Secretary […]

Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement. Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s […]

Iran Khodro signs three Contracts with Mercedes-Benz

featuredThe CEO of Iran Khodro (IKCO) has announced that his company has recently signed three contracts with the German automaker Mercedes-Benz to launch joint ventures. Speaking to reporters in Tehran, Hashem Yeke Zare said three cooperation agreements have been signed between the IKCO and Mercedes-Benz. He added that two more contracts between the two companies […]

Siemens to sell 12 Compressors to Iran

Germany’s Siemens has received a major order for 12 compressor trains for two onshore natural gas processing plants in Iran. The company Palayesh Parsian Sepehr will operate the plants. Siemens’ customer is the EPC Hampa Engineering Corporation. The order volume is in the high double-digit million euro range. Commercial operation is expected end of 2018. […]

Germany Offers to Invest $12bn in Iran’s Oil Industry

Germany’s major oil and petrochemical companies, including BASF, have expressed their willingness to invest a total of $12 billion in the Iranian oil sector. The Chemical company BASF, whose managing director paid an official visit to Iran last year as a member of a delegation accompanying German Economy Minister Sigmar Gabriel, has offered to invest […]

Iran near Bottom in “Passport Power”

By John Lee. Iran has been rated joint-tenth-from-the-bottom of the list in a ranking of the ‘passport power’ of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while […]