Tag Archives | Russia

Russia Proposes Joint Production of Ilyushin Planes in Iran

Moscow has presented a proposal to Tehran for the joint production of its Ilyushin planes in the Islamic Republic, Russia’s energy minister said. Alexander Novak was quoted by Iran’s media as saying that he had presented the proposal – which involved the production of the renovated version of the Ilyushin Il-114 regional planes – in […]

Tehran, Moscow Start Construction of Power Plant at Bandar Abbas

Iran and Russia have started constructing a thermal power plant in the southern city of Bandar Abbas, a report said. According to the report carried by Sputnik on Monday, Tehran and Moscow began the construction of the thermal power plant during a ceremony attended by Russian Energy Minister Alexander Novak. The plant, with a capacity […]

Iran, Russia to Sign Deal to sell Moscow Oil

Iranian Oil Minister Bijan Namdar Zangeneh announced that the country plans to sign a deal with Moscow within the next two weeks to sell 100,000 barrels per day of oil to Moscow. Briefing the media on his meeting with Russia’s Energy Minister Alexander Novak in Tehran on Tuesday, Zangeneh said the deal would provide Iran […]

Sukhoi near deal to sell Jets to Iran

By John Lee. Russian planemaker Sukhoi is reported to be moving closer to a deal to sell its Superjet 100 aircraft to Iran. Maqsoud As’adi Samani, secretary of the Association of Iranian Airlines, was quoted as saying by Mehr News Agency as saying that Sukhoi had already started talks to obtain a license from the […]

Iran, Pakistan to Boost Trade Five-Fold

The Chairman of the Iranian Parliament’s National Security and Foreign Policy Commission, Alaeddin Boroujerdi, said Tehran and Islamabad have decided to boost trade five-fold to $5 billion. Boroujerdi made the remarks recently after a meeting with senior Pakistani officials in Islamabad. He added that the two neighboring countries have also agreed to connect Iran’s Chabahar […]

Lukoil in Talks to Develop two Oil Fields

A senior official with Lukoil said the Russian energy giant is in talks with Iran to develop two major oil fields in western Iran. Lukoil is in negotiations with National Iranian Oil Company (NIOC) about the Ab Teymour and Mansouri oil fields in western Iran, Gati Al-Jebouri, Lukoil’s head of upstream for the Middle East, […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

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 […]

Iran, Russia sign $2.5bn Construction, Energy Deals

By John Lee. Trade Arabia reports that Russia and Iran have signed a $2.5-billion deal on construction of a thermal power plant in southern Iran and electrification of a railway line. The power station is to be built in Bandar Abbas, while the railway line connects the towns of Garmsar and Incheborun. The countries also […]

Russia to Finance Thermal Power Station in Iran

Under a contract signed by the energy ministers, Russia will provide financing for the construction of a brand-new thermal power station in southern Iran. In a meeting in Tehran this week, Iranian Energy Minister Hamid Chitchian and his Russian counterpart Alexander Novak signed a contract on the construction of the plant, including four 350-megawatt thermal […]