Tag Archives | Russia

Iranian President Leaves for Russia

Iranian President Hassan Rouhani left Tehran for Moscow on Monday to pay an official visit to the Russian Federation as part of efforts to boost bilateral relations between the two countries in all spheres. Heading a high-ranking political and economic delegation, President Rouhani departed for Moscow at the official invitation of his Russian counterpart, Vladimir […]

Construction Begins on Bushehr-2 Nuclear Power Plant

March 14, 2017 saw the start of works at the Bushehr-2 Nuclear Power Plant. The ceremony was attended by representatives of the Principal – Nuclear Power Production & Development Co. of Iran (NPPD), namely: Mr. Jafari, Bushehr NPP Project Manager, Mr. H. Ghaffari, BNPP Operating Co. Managing Director, Mr. A.R. Moradian, OCE Co. Managing Director […]

Russia, Iran Negotiate Joint Projects Worth $10bn

By John Lee. Russian Minister of Energy Alexander Novak (pictured) and Iranian Minister of Information and Communications Technology Mahmoud Vaezi have met to discuss contracts worth $10 billion, according to a report from Sputnik News. Novak said the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification, adding that two draft […]

Tehran-Moscow ‘Oil-for-Goods’ Swaps to Reach $45bn

The total volume of “oil-for-goods” swaps between Iran and Russia is expected to reach $45 billion annually, Russian trade representative in Iran Andrei Lugansky said. The total value of goods “under the program (oil-for-goods) can currently be estimated at $45 billion a year,” Lugansky told Sputnik on Monday. He further said the “legally viable” program […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

Russia’s Gazprom Neft interested in Iranian Oil Fields

By John Lee. A senior executive at Russian oil major Gazprom Neft has said the company is currently looking at the development of only two Iranian oil fields — Shangule and Cheshmeh-Khosh — but will consider other projects. First Deputy Chief Executive Officer of the company Vadim Yakovlev told TASS that he would consider the […]

Russian Firm to Assemble Vehicles in Iran

By John Lee. Russian automobile manufacturer UAZ is reported to be planning to set up a vehicle assembly plant in Iran in 2018. According to Russian Construction, the company will assemble the UAZ Patriot (pictured), UAZ Pickup and UAZ Cargo vehicles in partnership with local company Tavan Khodro Jey. (Source: Russian Construction)

Iran’s Priciest Export at risk

By Zahra Alipour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  With Iran to its south and Russia to its north and west, the Caspian Sea is not only rich in oil and natural gas reserves, but it is also the […]

Lukoil Optimistic on Iran Oil Deals

By John Lee. A senior executive at Russia’s Lukoil has said he is optimistic about new oil deals in Iran. Gati Al Jebouri [Gati Saadi Al-Jebouri] (pictured), the company’s vice president in the region, told Gulf News: “… we are in active discussion with NIOC (National Iranian Oil Company) to develop two oilfields, Ab-Teymur and […]

Railroad Connecting Iran, Azerbaijan Comes into Operation

A railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic was tested and put into operation temporarily. The railroad, which is part of the Rasht-Astara railroad project, became operational concurrent with an official visit of Azeri President Ilham Aliyev to Iran on Sunday. Heading a high-ranking delegation, Aliyev arrived in […]