Tag Archives | Italy

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]

Iran Attracts $7.2bn in Finance from 3 Foreign Banks

The vice governor of the Central Bank of Iran (CBI) has announced that the country has managed to attract 7.2 billion dollars in finance from three foreign banks. In a meeting between Iranian First Vice-President Eshaq Jahangiri and the CBI officials in Tehran, Gholamali Kamyab said attracting $10 billion of foreign finance has been defined […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

Iran, Italy discuss EUR 4bn Rail Projects

The Iranian Railroad Company’s Director General for International Affairs Abbas Nazari said Tehran and Rome are in negotiations over Italy’s investment in two rail projects in the Islamic Republic worth 4 billion euros. “We are in dialogue with Italian investors about Qom-Arak and Tehran-Hamedan high-speed railroad lines and the needed fleet (of trains),” Nazari told […]

ATR to Finalize $400m Aircraft Deal on Wednesday

Iran is to finalize a contract to buy 20 turboprops from French-Italian aircraft manufacturer ATR on Wednesday, an Iranian official announced. Representatives from ATR, a joint venture of Airbus and Finmeccanica of Italy, will arrive in Tehran on Wednesday, January 4, to hold the final round of business negotiations on the multi-million-dollar contract, Asghar Fakhrieh Kashan, […]

Italian, Swedish Companies to Resume Activity in Iran

Senior directors of Italian and Swedish companies involved in manufacture of oil and gas pipelines consider Iranian market positive for resumption of activity. Alessandro D’angelo, Middle East & North Africa Regional Sales Manager of Italian Tenaris Company told Shana on the sidelines of the seminar of the manufacturers of oil and gas industry pipelines in […]

Italy’s Eni Eying Iran Investments

Italy’s oil giant Eni says it has serious plans to return to Iran’s oil industry in a yet another indication of the growing interest of global energy corporations to approach the country’s post-sanctions business opportunities. Eni CEO Claudio Descalzi told Reuters that his company would start working again in Iran when it has been repaid investments […]

BP in Talks with Iran to Develop 4 Oilfields

The Director of the National Iranian South Oil Company (NISOC), Bijan Alipour, said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran. The National Iranian South Oil Company has held talks with 22 domestic and foreign companies for contracts to develop Karanj, Parsi, Rag Sefid and Shadegan […]

Western Insurers Target Iran

By John Lee. Reuters reports that Iran is in active talks with insurers to provide cover in a market valued at $9 billion last year, and potentially double that in the next decade. This is despite the fact that Iran has secured ties with only a limited number of smaller banks as U.S. sanctions remain […]

Italians Eager to Invest in Jam Petchem Plant

Italian investors have indicated their readiness to finance construction of the PDH and PP units of Jam Petrochemical Plant. A group of Italian investors have paid a visit to Jam Petrochemical Complex located southern Iran with the hope of hunting out investment opportunities in the facility’s development projects. The delegation met with the facility’s executives […]