Tag Archives | Italy

Questions as Iranians claim US Licensing Plane Sales to Iran

By Saeed Jalili for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Questions abound as Iranians claim US Treasury licensing plane sales to Iran Questions have emerged about whether the US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new licenses to Canadian plane manufacturer […]

Free Trade Zones to Attract $4.5bn in FDI

The secretary of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones said the country has signed new contracts with foreign companies, attracting $4.5 billion worth of investment in free trade zones. “Investors from Turkey, China, Italy, France and South Korea have invested in (Iran’s) free zones…,” Morteza Bank said on Saturday. […]

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 […]

Eni invites NIDC to Participate in Tenders in Iraq

By John Lee. Italian oil giant Eni has reportedly invited the National Iranian Drilling Company (NIDC) to participate in its international tenders in Iraq. NIDC managing director Sepehr Sepehri is quoted as saying that Eni has invited the NIDC to take part in three drilling tenders that the it plans to hold in Iraq. The […]

NIDC Eyes Iraqi Drilling Market

The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders. Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in […]

Italy, Iran sign Agreement for Investment in Iran

The Italian Minister of Economy and Finance, Pier Carlo Padoan, and the Deputy Minister for Economic Affairs and Finance of the Islamic Republic of Iran and President of the OTII (Organization for Investment, Economic and Technical Assistance of Iran), Mohammad Khazaee, welcomed the signing of the Master Credit Agreement, which took place today (Thursday) between […]

Iran signs €34m Petchem Deal with Italian Firm

Iran’s Ardebil Petrochemical Company cemented a deal with Italy’s engineering and construction giant Techint Group worth 34 million Euros deal for construction of a project aimed at production of propylene from natural gas. Based on the deal, the Italian company will designate a licensor for a 500,000-ton GTPP or GTOP project in Iran in an […]

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 […]

ATR Says to Deliver More Aircraft to Iran

The chief executive of the French-Italian aircraft manufacturer ATR said the company plans to deliver eight more aircraft to Iran by the year’s end. ATR aims to deliver another eight aircraft to Iran by the end of the year after delivering six so far this year under US export licenses issued following the lifting of […]

Iran, Italy sign Gas Deal

Italy’s Ansaldo Energia has signed a memorandum of understanding (MoU) with several subsidiaries of the National Iranian Oil Company (NIOC) for converting flare gas into electricity at the supergiant South Pars Gas Field. In its first phase, the Italian company will produce 600 MW electricity and in the second phase about 1,000 MW electricity will […]

EOR Vital to Iran Oil Industry

A senior official at Italy’s ENI says enhancing production from oilfields by even one percent would be a great advancement for Iran. Addressing an upstream forum at the 3rd Iranian Petroleum and Energy Club Congress and Exhibition in Tehran, Alessandro Tiani, Vice President of Enhanced Recovery Technologies and Advanced Reservoir Modeling at Eni, said raising […]

Italian Group Buys into Iranian Asset Management Firm

Italian asset manager Azimut Group has signed an agreement to acquire 20 percent of Mofid Entekhab, the largest independent asset management company of Iran, which is part of the Mofid Group, the largest brokerage firm and financial advisory in the country. At the same time, Azimut and Mofid Securities have signed a shareholders agreement to […]

Airplane Contracts Complex, Confidential: Iranian Official

CEO of Iran Air Farzaneh Sharafbafi said contracts for purchasing passenger planes are complex and confidential. Speaking to the Tasnim News Agency on Saturday, Sharafbafi dismissed speculation about details of Iran’s contracts with the Western plane makers, giving an assurance that Iran Air would make the best and most logical decisions. The contracts to purchase […]

Italy’s Eni Happy with Total’s Presence in Iran

The CEO of Eni said the Italian oil giant is not competing with France’s Total in Iran, noting that it has also signed an agreement with the National Iranian Oil Company (NIOC) to develop oil and gas fields in the Islamic Republic. “We are happy that Total is in Iran. We are not competing to […]

Italy to build Solar Power Plant in Iran

By John Lee. An Italian company has reportedly signed agreement to build the first solar power plant of the Iranian southern Hormuzgan province. According to IRNA, the plant will have a capacity of 100 MW and its construction will require an investment of €140 million. (Source: IRNA)

Italy’s Eusider agrees Iran Ferrosilicon Deal

By John Lee. Italy’s Eusider has reportedly signed a long-term agency agreement with Iran’s biggest ferrosilicon producer. According to PressTV, the exclusive distribution agreement with Iran Ferroalloys Industries Company (IFI) would give Eusider “the right space to market” Iranian ferroalloys, the company said. Based in Azna in Lorestan province, IFI is the first and biggest Iranian […]

Eni to Study Iranian Oil and Gas Fields

Italy’s oil giant Eni has signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out initial studies on the development of an oil field and a gas field in Iran, a report said. Eni and NIOC inked the agreement on Tuesday in Tehran whereby the Italian firm will study […]

Maroon Petchem Plant to sign Deals with Euro Firms

Maroon Petrochemical Plant (MPP) is to sign deals with Shell and two Italian companies for development of two projects, the MPP managing director says. Rahim Sharif Mousavi said one of the projects will concern the ethyl oxide unit of the facility, adding Italy’s engineering company Maire Tecnimont will join the project as one of its […]

Iran Launches Foreign Investment Plan for Steel Sector

The first foreign investment plan for the steel sector waws inaugurated in Eshtehard Industrial Park with the attendance of Minister of Industry, Mine and Trade and chairman of the board of Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). According to the report of public relations of IMIDRO, deputies of Industry, Mine and […]

Pininfarina announces Deal with Iran Khodro

Italian design firm Pininfarina S.p.A has announced the closing of a commercial agreement with Iran Khodro (IKCO). The agreement foresees that Pininfarina will develop a modular automotive platform, able to house at least four different vehicles, and the first passenger car of the medium segment of the  market. Activities will span from the definition of […]