Tag Archives | Russia

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 […]

Tehran, Moscow finalize Energy Cooperation MOU

The Memorandum of Understanding of the 14th Commission for Trade and Economic Cooperation of the Islamic Republic of Iran and the Russian Federation in the Oil and Gas Industries was set up in 38 articles. In the memorandum, the parties, while supporting the talks and agreements reached between the relevant ministries of the two countries, […]

Questions as Iranians claim US Licensing Plane Sales to Iran

By Saeed Jalili for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Questions abound as Iranians claim US Treasury licensing plane sales to Iran Questions have emerged about whether the US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new licenses to Canadian plane manufacturer […]

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 […]

ONGC Videsh, Iran’s IDRO Oil sign accord

By John Lee. India’s ONGC Videsh has reportedly signed a cooperation agreement with Iran’s IDRO Oil (Gostaresh Iranian Oil And Gas Industries Development Company) to jointly bid for a $900-million plan to develop the Susangerd oilfield in Khuzestan province. The field, discovered in 2009, is estimated to hold more than 5 billion barrels of in-place […]

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]

Iran to process Russian Wheat for Iraqi Flour Market

By John Lee. Iran is said to be negotiating a deal to import around 100,000 tonnes of wheat per month from Russia, enabling private millers it to increase flour exports to Iraq. Iraq imports about 3 million tons of flour a year, almost half of its demand of 6.9 million tons a year. According to […]

“No US License Needed” to Buy Sukhoi Jet

The modifications that Sukhoi has made to its Superjet-100 passenger plane would allow the Russian aircraft manufacturer to sell the plane to Iran without the need for a license from the US Treasury’s Office of Foreign Assets Control (OFAC), an Iranian official announced. Speaking to Tasnim on Monday, Secretary of Association of Iranian Airlines Maqsoud […]

Iran has settled Gas Dues to Turkey: NIGC

The managing director of National Iranian Gas Company (NIGC) said Iran has settled its debt to Turkey for overcharging gas and from now on receives payments for its gas flow. Hamidreza Araghi told a press conference on Monday that if Iran does not play a crucial role in the international gas market, it does not […]

Gazprom interested in Developing 4 Iran Gas Fields

Iranian Minister of Petroleum Bijan Zangeneh says Russia’s gas major, Gazprom, is interested in developing four gas fields in Iran. Speaking in a televised interview on Saturday night, the official said: “Iran has signed memoranda of understanding (MoUs) with Gazprom for carrying out studies on development projects of Farzad A, Farzad B, North Pars and […]

Why Protests won’t Change Iran’s Foreign Policy

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. While the recent unrest in Iran has eased, discussion on its various aspects — including its causes and implications — is still heated and ongoing among domestic as well as foreign analysts and observers. One important part of […]

Russia, Iran in Sync on Preserving Nuclear Deal

By Julia Sveshnikova for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The European Council on Foreign Relations once called Russia and Iran the “power couple” of the Middle East. That was two years ago, and it appears they’re still making the relationship work. On Jan. 10, Russian Foreign […]

Russian Bank Opens Credit Line for Iran

The Eximbank of Russia, a leading group supporting exports and imports, signed a deal to supply a credit line for four Iranian banks to finance various projects in the Islamic Republic. According to the Central Bank of Iran, the Russian bank has signed an unlimited finance agreement with four Iranian banks, namely Sepah, the Export […]

Gazprom Neft, OMV, Petronas Proposals for Developing Oilfield

Russia’s Gazprom Neft, Austria’s OMV and Malaysia’s Petronas companies presented their proposed development plans for Iran’s Cheshmeh Khosh oil project. The proposals were explained at the 145th committee meeting of National Iranian Oil Company (NIOC)‘s reservoir advisors in Tehran. The plans presented by OMV and Gazprom Neft are aimed at defining a production ceiling for […]

TATNEFT Presents Result of Studies on Iran Field to NISOC

Russia’s oil giant Tatneft has submitted the result of its studies on Iran’s Shadegan oilfield to the National Iranian South Oil Company (NISOC). The two majors signed a memorandum of understanding (MoU) for developing the field in March. Besides Tatneft, NISOC has signed similar documents with other companies for developing the field. The Shadegan oil […]

Zarubezhneft submits Study Result on Iran Oilfield to NISOC

Russia’s Zarubezhneft submitted the result of its studies on Iran’s Shadegan Oilfield to National Iranian South Oil Company (NISOC). Hamid Deris, the NISOC’s director for technical affairs, said his company has so far signed 5 memoranda of understanding (MoUs) with several companies for development of the field of which 3 have so far presented their […]

Iran Eyes Turkish Investment in Oil, Gas Industry

Iran’s Parliament speaker voiced the country’s willingness to attract investment from Turkey in the oil and gas industry, saying economic activists from the neighboring state could also seize the opportunities available in Iran’s railroad and aviation sectors. In a meeting with his Turkish counterpart on the sidelines of a counterterrorism conference in Islamabad on Monday, […]

Iran Needs $4bn for Major LNG Project

Iranian Minister of Petroleum Bijan Zangeneh said Iran will need an investment of 4 billion dollars for completion of Iran LNG project. Speaking following a ceremony to sign two memoranda of understanding (MoUs) between National Iranian Oil Company (NIOC) and Russian gas giant Gazprom here in Tehran on Wednesday, Zangeneh said cooperation of Iran and […]

Iran-Russia Gas Plans Affect World Market

Iranian Oil Minister Bijan Namdar Zanganeh highlighted the far-reaching effects of cooperation with Russia in the gas industry, saying the two countries can determine the international market situation by holding the world’s largest gas reserves. The cooperation between Iran and Russia, ranked first and second in the list of countries by gas reserves, would have […]

Gazprom inks Docs for Cooperation in Iran

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, has paid a working visit to the Islamic Republic of Iran. In the course of the visit, Alexey Miller met with Bijan Namdar Zangeneh, Iran’s Minister of Petroleum. The parties confirmed their interest in advancing their partnership on a large scale and discussed potential areas of bilateral cooperation. Alexey Miller and Ali Kardor, Iran’s Deputy Minister of Petroleum, CEO […]