Tag Archives | Russia

Wintershall, Gazprom eyeing Iran Partnership

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. The announcement was made by Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America. “Our partnership with Gazprom is based on trust, […]

Second-term Rouhani likely to move closer to Russia

By Hamidreza Azizi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After weeks of heated campaigning and controversial televised debates, Iranian President Hassan Rouhani managed to secure a second term in the May 19 presidential elections. Now, with electoral passions considerably eased, the question of […]

Russia Ready to Electrify Tehran-Tabriz Railway

Russian Railways is ready to help electrify Tehran-Tabriz railway to connect the Iranian capital to the northwestern city, First Vice President of the Russian Railways Operator Alexander Misharin said. This issue was discussed today with the President of the Islamic Republic of Iran Railways (RAI) Saeed Mohammadzadeh, Misharin added, the Tass news agency reported on […]

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 […]

Tehran, Moscow sign Cooperation Roadmap

Iran and Russia signed a cooperation roadmap at St. Petersburg International Economic Forum. From Iran Amir Hossesin Zamaninia, deputy petroleum minister in international affairs and trading, and from Russia, Kirill Molodtsov, Russian Deputy Minister of Energy, signed the document on Friday. The roadmap was provided based on the superior level of cooperation between the two […]

Gazprom Neft, OMV to Cooperate on Iranian Projects

At the St. Petersburg International Economic Forum, Gazprom Neft signed a Memorandum of Understanding with OMV Aktiengesellschaft. The document, which describes the mutual interest projects in the oil and gas industry, was signed by First Deputy General Director of Gazprom Neft Vadim Yakovlev and OMV Executive Board member responsible for Upstream, Johann Pleininger. The agreement […]

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, Russia Ink Oil-for-Goods Barter Deal

Iranian Oil Minister Bijan Namdar Zangeneh said Tehran and Moscow have signed an agreement whereby Iran will sell crude to Russia in exchange for products. “The deal has been concluded. We are just waiting for the implementation from the Russian side. We have no difficulties; we signed the contract, everything is coordinated between the parties. […]

Russia’s Tatneft Weighs Iran Market

Russia’s Tatneft is examining opportunities to win a foothold in Iran’s market, a Tatneft official said. Rustam Sharapov told reporters at Iran Oil and Gas Show that the Russian company was examining cooperation with Iran’s petroleum industry in “exploration, commodity procurement, oil field services and transfer of technology.” “We are just at the beginning of […]

Russian Firm to make Train Carriages in Iran

The Industrial Development and Renovation Organization of Iran (IDRO) has signed a joint venture contract with Russia’s CJSC Transmashholding to manufacture 500 wagons in Iran. Idro News reported the Iranian company’s deputy for expansion of industrial investment, Fardad Daliri, as saying that the contract stipulates “attracting investment and using up-to-date technology in the domestic manufacture […]