Tag Archives | Tabriz

SKEC to Upgrade Tabriz Refinery

South Korea’s SK Engineering and Construction Co. (SKEC) signed a heads of agreement on Saturday for a 1.6 billion euro upgrade of the Tabriz refinery in northwest Iran. South Korean National Assembly Speaker Chung Sye-kyun, who was in Tehran to attend President Hassan Rouhani’s swearing-in, oversaw the signing between SKEC, Tabriz Oil Refining Company and […]

Finnish Co to supply Gas Power Plants to Iran

The Finnish technology group Wärtsilä will supply engineering and equipment deliveries for two baseload power plants to Iranian energy companies Baran Niroo Beshel Co. and Tamin Niroo Saam Co. This is a breakthrough project as Wärtsilä is supplying the first decentralised power plants of its kind to Iran, showing results from our efforts to support […]

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 […]

$3bn needed for Airport Development

By John Lee. The Iranian government is reportedly seeking private investors to fund a $3-billion expansion of the airports at Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz. Trade Arabia reports that Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding, and secured $650 million in firm contracts. Among […]

Iran Khodro Tabriz nearly Triples Production

By John Lee. Iran Khodro Tabriz, a subsidiary of IKCO that manufactures the Samand and Soren sedans and the Arisun pick-up, has announced a 167-percent increase in production. The company, based in East Azerbaijan province, made 80,198 vehicles in the year starting 20th March 2016. This included 66,172 Samand models (pictured), 12,323 of the Arisun, […]

Polish Tractor Firm in Iran Deal

By John Lee. Polish tractor producer Ursus signed a memorandum of understanding with the Tabriz-based Iran Tractor Manufacturing Company (ITMCo). Under the deal, the companies will cooperate in the use of components to produce tractors in the 47-150 hp power range, dedicated to the markets where both companies currently operate. They will also start a […]

Iran Stops Producing 11 Truck Models

During the Iranian calendar month to 21st December, the production of 11 heavy duty vehicles and pickup trucks in Iran has been stopped. Iran Khodro Diesel (IKD), a subsidiary of Iran’s largest car manufacturer, stopped production of two heavy duty vehicles — the Mercedes-Benz tipper truck LK 2624 and Mercedes-Benz Axor K3335 — and the recently-introduced […]

Iran in Talks with Japan to Optimize Oil Refining

Iran is finalizing negotiations with two major Japanese companies to improve the efficiency of Tehran’s aging refineries, an official announced. In an interview with Tasnim, Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said Iran has been in talks with Japanese and South Korean companies to optimize oil refining […]

Iran Looks to Turn Tabriz Into Petchem Hub

Iran is planning to build major petrochemical projects in the vicinity of the northwestern city of Tabriz in order to transform the region into a petrochemical heavyweight in the country and the region. Speaking during a ceremony to break the ground for an ethylene pipeline project in Tabriz, Iranian Minister of Petroleum Bijan Zangeneh expressed […]

World’s Largest Covered Bazaar in Tabriz

The historic bazaar complex in Iran’s northwestern city of Tabriz consists of a series of interconnected, covered, brick structures, buildings, and enclosed spaces for different functions. The huge, ancient market was inscribed on the UNESCO World Heritage List in 2010. Tabriz has been a place of cultural exchange since antiquity and its historic bazaar complex […]

Italy’s ANAS signs $4bn Iran Highway Deal

By John Lee. ANAS, the Italian highway agency, has signed a 3.6-billion-euro ($4-billion) deal with Iran’s Ministry for Transport to build a 1,200-km highway through the country. The project will link the port of Bandar Imam Khomeini on the Persian Gulf to the northern border with Turkey at Bazargan, passing through the city of Tabriz. […]

New Five Star Hotel opens in Tabriz

Turkey’s Kaya Hotels & Resorts has opened its tenth hotel in the region, with the inauguration of its Kaya Laleh Park Hotel in Tabriz, in Iran’s northwestern East-Azerbaijan province. The opening ceremony was attended by Iran’s Head of Cultural Heritage, Tourism, and Handicrafts Organization (CHTHO), Masoud Soltanifar, on Tuesday. (Source: Real Iran, Kaya Hotels)

Iran Plans big Oil-Refinery Expansion

Iran plans to build five new refineries over the next four years to increase capacity from its current level of 1.85 million bpd to about 3.2 million bpd. Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) told Bloomberg that the country also needs about $14 billion in investment to […]

Turkey to Build 10 Hotels in Iran

A Turkish tourism ministry official said Tehran and Ankara have signed an agreement whereby Turkish investors will be allowed to build at least 10 hotels in Iran following a lasting nuclear deal between the Islamic Republic and six world powers. Under the terms of the agreement signed between the two nations during a recent Turkish […]

Iran, Italy to Co-op in Airport Construction

By John Lee. Italy’s Vitali SPA will build a new terminal for Tabriz International Airport in northwestern Iran. ILNA reports that the Iranian Airports Holding Company (IAC) and Vitali signed the agreement for the investment, design and construction of the new airport terminal during the recent Iran-Italy trade meeting in Tehran. The estimated value for […]

Austrian Company to Build Hospitals in Iran

Iran’s Social Security Organization and a major Austrian firm signed a Memorandum of Understanding (MoU) for the construction of two hospitals in the Islamic Republic. The report from Tasnim does not mention the name of the company. The MoU for the construction of the hospitals was signed on Wednesday during a ceremony attended by representatives […]

Mittal signs €1bn iron deal in Iran

India’s Mittal Steel signed a €1-billion contract on Tuesday to produce iron in southern Iran. According to Press TV, the contract signed with Mahan Industries and Mines Development Company – a subsidiary of Iran’s Tourism Financial Group – envisages extracting iron and building a processing plant in the southern province of Kerman. Mahan has not specified […]

Daimler Trucks Seeks Partners in Iran

The commercial vehicles division of Germany’s Daimler AG‘s says it is in talks with potential partners in Iran to resume production in the country as sanctions look set to be lifted, reports PressTV. Roland Schneider, president and CEO of Daimler Commercial Vehicles in the Middle East and North Africa, said the company intends to open a […]

Tabriz Power Plant Closed on Pollution Concerns

By John Lee. IRNA reports that the Tabriz thermal power plant has been closed following news that it was using low quality fuel to generate electricity, leading to increased pollution. The 28-year-old plant, designed and constructed by the French company Alstom, is only allowed to use gas, but has been found to be using ‘mazut’, also […]