Tag Archives | Spain

Iran’s Exports to EU Up 107%

The value of Iran’s exports to the European Union (EU) witnessed a significant rise over the first nine months of 2017, a report said. The value of Iran’s exports to the EU from January to September 2017 reached as high as €7.2 billion, showing a 107 percent increase compared to the same period last year, according […]

Quercus plans EUR 500m Iran Solar Project

By John Lee. UK-based renewable energy investor Quercus will reportedly invest over half a billion euros in a solar power project in Iran. Chief executive Diego Biasi (pictured) told Reuters that construction of the 600-megawatt (MW) plant will start in the first half of 2018. He added that the firm embarked on such a big project […]

Huge Iran-UK Immigration Ring Busted

By John Lee. Police in Spain have reportedly broken up a large immigration ring that smuggled Iranians as young as five into the United Kingdom. According to BBC News, the gang allegedly supplied fake Spanish passports to Iranian nationals so they could fly into the UK. Europol said the group charged migrants about €25,000 (£22,500) […]

Spain’s SERNAUTO in Discussions with IKCO

Spanish Auto Parts Manufacturer Association SERNAUTO has expressed its readiness to cooperate and interact with the largest Iranian Automaker Iran Khodro (IKCO). Iranian automakers and part manufacturers of IKCO supplier, SAPCO, in a joint meeting with a high-ranking delegation of Spanish Parts Manufacturers Association, traveling to the Islamic Republic of Iran on behalf of top […]

Telepizza Opens 1st Store in Iran

Spanish-based Telepizza, the largest non-US-based pizza delivery company in the world by number of stores, announced Thursday further expansion, with the opening of its first Iranian store in Tehran, and a further two stores set to open by the end of the month. Telepizza signed a masterfranchise agreement with Iran’s Momenin Investment Group last year. […]

FATF’s Decision Guarantees Banking Ties with Iran

Iran’s ambassador to Britain said a recent decision by the Financial Action Task Force (FATF), the policy-making body of the international financial system, to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries. In a post on social media, Hamid Baeedinejad pointed to the FATF’s meeting in Spain on […]

NIOC signs $615m Deal with Tubacex

By John Lee. The National Iranian Oil Company (NIOC) has signed Iran’s first oil contract of the post-sanctions era with an international consortium comprising Spain’s Tubacex and Iran’s Isfahan Steel Company [Foolad Isfahan Company]. Associated Press reports that the deal worth US$615 million, and says the Spanish-Iranian consortium will provide oil pipes for a network […]

Spain to Launch Support Center for its Firms in Iran

Spanish Ambassador to Iran Eduardo Lopez Busquets said his country plans to open a support center in Tehran in an attempt to provide guarantees for its firms active in the Islamic Republic’s petrochemical sector. Spain is keen on establishing a framework for accelerating interactions between Spanish and Iranian companies in order to facilitate financing of […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

Resumption of Iranian Oil Exports off to slow start

By Dr. David Ramin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In mid-January, an Iranian oil tanker leased to a Spanish oil company reached Europe. It called at the Port of Algeciras in Spain two days after the one-year anniversary of the implementation of […]

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]

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 […]

Telepizza Targets 200 Store in Iran

Spanish-based Telepizza, the leading non-US pizza delivery company by number of stores, has announced its arrival in Iran in March 2017 via a strategic master franchise alliance with its partner Momenin Investment Group and the objective of 200 stores in 10 years. This will mean opening some 20 establishments per year and an investment of […]

240 Foreign Oil Tankers Berth at Kharg Island

240 Foreign Oil Tankers Berth at Iran’s Kharg Island since JCPOA Enforcement The general manager of Bushehr Province Department of Ports and Maritime Organization said some 240 foreign oil supertankers have so far docked at Iran’s southern Kharg oil terminal since the implementation of a lasting nuclear deal between Tehran and world powers. “For the […]

Iran in Talks with Mitsui, Total on $60bn Investment

A senior Iranian oil official said the country is in talks with Japan’s Mitsui Chemicals and France’s oil giant Total SA to attract $60 billion in foreign investment. Iran’s National Petrochemical Company (NPC) plans to increase its output capacity to 150 million metric tons a year by 2016 to prepare the ground for more foreign […]

Iran Sold Poland 2m Barrels of Oil

Iran has sold a major cargo of crude oil to Poland, a move which could intensify rivalry with Saudi Arabia and Russia in supplying the markets of northern Europe. Mohsen Qamsari, the director for international affairs of the National Iranian Oil Company (NIOC), has stated that Poland’s Grupa Lotos has bought 2 million barrels of […]

NIOC, Spain’s Repsol Sign Oil Deal

Spain’s Repsol has signed a contract with National Iranian Oil Company (NIOC) to import more crude from Iran. NIOC and Repsol have signed an agreement whereby the Spanish energy firm would buy one million barrels of Iran’s oil in July, Shana reported. The report added that the deal would double Iranian oil exports to the […]

Iran, Italy Seal Crude Sale Deals

Two Italian energy companies, Saras SpA and Iplom SpA, have signed long term contracts with the National Iranian Oil Company (NIOC) to purchase crude oil from Iran. As of this week, in a contact with Saras SpA, Iran will export 60,000 to 65,000 barrels of oil per day to the company’s refineries for one year. […]

Iran-Europe Trade Sees Unprecedented Growth

The volume of trade between Iran and European countries witnessed a major leap in the fourth month of 2016, a report said. The latest figures from EU’s statistical office Eurostat show that Iran’s exports to Greece, France, and Spain respectively increased 108-fold, 60-fold and 9-fold in April, compared to the same period last year. The […]

Over 25 Int’l Oil Tankers Shipping Iran’s Crude

More than 25 European and Asian-owned supertankers are helping deliver Iranian crude oil to international destinations. According to a report carried by Reuters on Monday, Iran has managed to ramp up its oil exports much faster than the international market had expected as international tankers are helping deliver its fuel. “Charterers are buying cargo from […]