Tag Archives | Kazakhstan

Caspian States start Neighbourhood Watch for the Environment

Caspian littoral states agree to start neighbourhood watch for the environment Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states. High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the Environment Impact […]

Iran, Eurasia Ink Preferential Trade Deal

Iran and members of the Eurasian Economic Union signed a temporary preferential trade agreement in Kazakhstan on Saturday. In a ceremony in the Kazakh capital of Astana, Iran and the Eurasian Economic Union (EEU) signed the accord and agreed to reach a comprehensive and lasting deal within the next three years. The document was signed by […]

Iran “Likely to Join EEU in May”

The Eurasian Economic Union (EEU) could welcome Iran as a new member in May, Russia’s Energy Minister Alexander Novak said. “The move to enter into a temporary agreement making for a free trade zone to be set up between Iran and the Eurasian Economic Union, which is currently at an advanced stage, will obviously trigger […]

Iran Signs Trilateral Wheat Trade Deal

Iran, Russia and Kazakhstan have concluded a tripartite agreement on trading wheat. Deputy agriculture ministers of Iran, Russia and Kazakhstan signed the trilateral memorandum of understanding at a ceremony in Moscow. The ceremony was attended by Iran’s ambassador to Russia, Mahdi Sanaei, as well as a top official from the Eurasian Economic Union (EAEU). Last […]

Iran, Kazakhstan set up Joint Shipping Company

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade. Iran and Kazakhstan’s state-owned railway company have set up a joint shipping company to connect Central Asia to southern Iran, Mohammad Saeedi told the Tasnim […]

Talks on Iran-EAEU Partnership in Final Phase

Russia’s First Deputy Prime Minister Igor Shuvalov said talks with Iran over its partnership with the Eurasian Economic Union (EAEU) are nearing an end. “We are in talks with Singapore and we are close to conclusion of negotiations with Iran,” Shuvalov said on Wednesday, the Tass news agency reported. Iran and the EAEU negotiated for […]

Russian Bank to Finance €1bn Rail Electrification

A Russian bank has reportedly agreed to provide 1 billion euros to electrify the 500-km rail line between the cities of Garmsar and Gorgan. Yusef Gheranpasha, of Islamic Republic of Iran Railways, said the project will be completed within three years; he did not name the bank. It covers design, sourcing of materials and equipment and […]

Iran Eyes Boom in Trade with EAEU after Trade Deal

An Iranian minister expressed the hope that the volume of trade exchange between Tehran and the Eurasian Economic Union (EAEU) would rise under a much-awaited free-trade agreement. Iran is hoping to increase the volume of commercial exchange with the EAEU members as soon as a free-trade agreement with the union is signed, Iranian Minister of […]

FM Zarif in Kazakhstan for SCO Summit

Iranian Foreign Minister Mohammad Javad Zarif is in Kazakhstan capital of Astana to attend the Shanghai Cooperation Organization (SCO) summit. Zarif arrived in the Astana on Thursday to participate in the two-day SCO summit and the opening ceremony of Astana Expo 2017. Iran’s formal membership of the SCO will also be on the agenda of the summit. The SCO […]

Talks on Iran’s EEU Membership to Conclude Soon

Timur Suleimenov, Kazakhstan’s minister of economy, said the Eurasian Economic Union (EEU) would finalize talks with Iran over the country’s membership to the union by the end of 2017. “We believe we can come up with something substantial by the end of the year . . . finished talks,” Suleimenov told the Financial Times on […]

Iran to buy Uranium Ore from Kazakhstan

By John Lee. Reuters reports that Iran plans to buy 950 tons of uranium ore from Kazakhstan over three years. The Iranian Students’ News Agency (ISNA) says Iran expects to get Russian help in producing nuclear fuel. The 2015 nuclear deal did not set limits on Iran’s supplies of uranium ore. (Source: Reuters)

IRISL and Kazakhstan to Establish a Joint Company

By John Lee. The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- have signed an agreement to establish a joint company. On the sideline of Iran’s president visit to Kazakhstan, an agreement for establishing a joint company between Islamic […]

Iran, EAEU to Start Talks on Free Trade Zone

Formal talks on creation of a free trade zone (FTZ) between Iran and the Eurasian Economic Union (EAEU) will begin soon, the Armenian president said. “The presidents of four countries have approved the proposal that it is necessary to launch negotiating process (on creation of free trade zone) with Iran, Egypt, India and Singapore. That […]

Tehran, Astana to Expand Banking Ties

Presidents of Iran and Kazakhstan agreed on Thursday to give a boost to banking relations between the two countries. At a joint meeting of Iran-Kazakhstan high-ranking delegations in Astana on Thursday, Iranian President Hassan Rouhani and his Kazakh counterpart Nursultan Nazarbayev came up with a plan to enhance banking interaction between the two nations. The […]

Iran to set up Renewable Energy Projects in Kazakhstan

By John Lee. Iran and Kazakhstan have agreed on plans to set up eight renewable energy projects in southern Kazakhstan, according to Trade Arabia. The projects include a photovoltaic power station (also known as a solar park), reported Iran Daily News, citing Kazakhstan’s Minister of Investments and Development. The agreement will focus on key areas […]

Iran may build Refinery with Kazakhstan

The Director General of the Industry, Mines and Trade Administration of Mazandaran Province in northern Iran said the country is considering building a refinery with Kazakhstan in Amir Abad port of the province. According to IRNA, Mohammad Mohammadpour, during an business meeting between Mazandaran traders and a Kazakh delegation on Sunday, said that the permit […]

Iran, EEC to discuss Free Trade Zone

Eurasian Economic Commission (EEC) Trade Minister Veronika Nikishina said talks over the creation of a temporary free trade zone between the Eurasian Economic Union (EAEU) and Iran will be held in late June. “We plan talks in Iran (regarding the temporary free trade zone) at the end of June,” Nikishina said addressing ongoing St. Petersburg […]

EEU Moves Closer to Free Trade Zone with Iran

The Eurasian Economic Commission’s (EEC) trade minister said on Wednesday that the Eurasian Economic Union (EEU) is expected to hold informal meetings in June to study the possibility of forming a free trade zone with Iran. “(The bloc) will start informal talks on a possible signing of a temporary free trade zone agreement (with Iran),” […]

Iran to build $110m Wind Farm in Kazakhstan

By John Lee. Iran has reportedly signed an agreement with Kazakhstan to build a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast. The agreement with signed between Iran’s Power and Water Equipment and Services Export Company (SUNIR) and Eurasia Invest Group in Tehran. The Kazakh government will finance the […]

Iranian Merchants Still Facing Barriers to SWIFT

A member of Iran’s Chamber of Commerce complained about the lack of practical influence of the country’s reconnection to SWIFT, saying his company has still difficulty in using the financial telecommunication service for trade with the foreigners. Speaking to the Tasnim News Agency, Majid Movafeq Qadiri (pictured) said his company could not still open letters […]