Tag Archives | Italy

ATR Signs EUR 1bn Deal with Iran Air

French turboprop manufacturer ATR and Iran’s national flag carrier Iran Air signed a deal in Tehran on Monday for the introduction of 40 newest generation ATR 72-600s. The agreement includes firm orders for 20 aircraft plus 20 options, and is valued at one billion euro. The signature of the deal follows the commercial discussions held […]

NIOC, Barcelona University Ink Exploration Deal

By John Lee. The National Iranian Oil Company (NIOC) says it has signed a deal with the Spanish University of Barcelona to conduct geological and geophysical studies for discovery of hydrocarbons in Iran. Hormoz Qalavand, the director for exploration affairs of the NIOC, said the studies will be focused on southern regions of Zagros sedimentary […]

Danieli in 5.7bn EUR JV

On the occasion of the visit to Italy of President Hassan Rouhani, the Danieli Group signed agreements worth approximately 5.7 billion euro. The agreements signed in Rome by the Chairman and CEO of the Danieli Group, Mr. Gianpietro Benedetti, refer to a joint venture and orders for the supply of machinery and plants to be […]

Italian Rail Company in 5bn EUR Iran Deal

By John Lee. The Italian Transport Minister Graziano Delrio and his Iranian counterpart Abbas Akhoundi have signed a memorandum of understanding (MoU) calling for the return of State owned Italian railway company Ferrovie dello Stato to Iran. According to Italy24, the company has been active in Iran since 2001. The holding company and its subsidiaries […]

Fincantieri Lands Several Iranian Contracts

In the presence of the Prime Minister Matteo Renzi and the President of Iran Hassan Rouhani – on an official visit in Italy – Fincantieri, one of the world’s most important shipbuilding groups, has signed a number of framework agreements with some primary Iranian companies. These preliminary understandings are prior to the accomplishment of several […]

Condotte d’Acqua in 4bn EUR Deal

By John Lee. Among the deals struck this week during the visit of Iranian President Rouhani to Italy was a contract worth up to 4 billion euros with Condotte d’Acqua. The infrastructure firm has had previous business in Iran, including at the port complex at Bandar Abbas (pictured). (Source: Reuters)

SACE to Collect 564 EUR owed by Iran

By John Lee. Italy’s state-owned export credit and insurance company SACE has signed an agreement to collect €564 million of sovereign credit claimed by the subsidiary of Italian state-backed lender Cassa Depositi e Prestiti against the Central Bank of Iran (CBI). Under the agreement signed by the Chief Executive of SACE, Alessandro Castellano (pictured), and the […]

Iran, Italy sign Deals Worth $18bn

By John Lee. Italy announced some 17 billion euros ($18.4 billion) of business deals with Iran on Monday, according to a report from Reuters. President Hassan Rouhani, in a press conference Monday evening with Italian Prime Minister Matteo Renzi, said: “Iran and Italy are determined to broaden and grow their existing level of cooperation in […]

Saipem signs Iran MoU

By John Lee. Italian oil and gas services company Saipem has entered into a Memorandum of Understanding (MoU) concerning potential cooperation on major projects in Iran. The MoU, signed with the Parsian Oil & Gas Development Company (POGDC), “envisages discussions aimed at Saipem’s potential cooperation in revamping and upgrading the Pars Shiraz and Tabriz refineries,” […]

Italian Group to Build 5 Hospitals in Iran

By John Lee. An Italian construction group has signed a preliminary agreement with Iran to build five hospitals, according to a report from The Local. Pessina Costruzioni will build the first three 1,000-bed hospitals in Tehran, with two other 500-bed facilities will be built in Rasht and Nishapur. Guido Stefanelli, the CEO of the Milan-based company, […]

Italian Firm to set up Private Iranian Bank

The Managing Director of Chabahar Free Trade and Industrial Zone, Hamed Ali Mobaraki, has said that Italian company Italconsult is willing to invest in setting up a private bank at Chabahar Free Trade Zone. He is also quoted as saying that Italian investors have said they are ready to contribute to such infrastructural projects as […]

Fiat in Talks for Auto Production in Iran

Iran’s Minister of Industry, Mine and Trade, Mohammad Reza Nematzadeh, has said that Italy’s Fiat is in talks with Iran Khodro to produce commercial vehicles, buses and gas-fueled engines in Iran. Around 370 Italian traders, including representatives of steel group Danieli, energy company Enel, agricultural machinery maker CNH Industrial, Telecom Italia and several banks, recently […]

Italian Insurer signs Deals with three Iranian Banks

Italy’s state-owned export credit and insurance company SACE has signed three collaboration agreements with the major Iranian private banks – Bank Pasargad, Bank Parsian and Saman Bank – aimed at facilitating a more rapid and effective resumption of trade and investments in the country. The President of SACE, Giovanni Castellaneta (pictured) — himself a former […]

Iran in Talks on Major Shipbuilding Projects

By John Lee. Iran plans to unveil a series of grand projects in partnership with major world shipbuilders, according to a report from Iran Daily. Talks have been held with South Korean, Italian, Chinese, German and Turkmen companies on joint ventures, said The Managing Director of the Iran Shipbuilding and Offshore Industries Complex Company (ISOICO), […]

NIDC Considers Int’l Orders, Prioritises Home Business

The National Iranian Drilling Company (NIDC) is in negotiations with Italian firms Eni and Saipem, with a view to offering its services internationally. Company boss Heydar Bahmani also said NIDC is in talks with the Iraqi National Oil Company for increasing cooperation and the two companies have signed an agreement in this regard. But he […]

Iran gives 30-day visas at airports

By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]

Italian Textile Machinery Makers to Visit Iran

Iran has historically been a primary trading partner for Italy’s textile machinery industry. Although international sanctions have blocked the flow of textile machinery exports to Iran, it is hoped that the recent nuclear agreement may pave the way toward a competitive relaunching of the local textile industry. To consolidate its presence in Iran, ACIMIT, the […]

Iran to Seek Bids on 15 Mining Deals

Iran is to seek bids for 15 mining projects for international investors to develop, according to Bloomberg. Mehdi Karbasian (pictured), the deputy minister of Industries, Mines and Trade, said in an interview in Tehran that President Hassan Rouhani plans to visit France and Italy in November to sign development agreements on some of the projects. […]

Iran signs Development of Esfandiar Oilfield

The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi [Saeid Ha’fezi] (pictured) says. “The initial confidentiality agreement has been signed, the MDP (master development plan) prepared and sufficient data exchanged. We are only waiting for the […]