Tag Archives | Brazil

ATR Applies for US Permission to Deliver Iran Planes

The CEO of Iran Air said ATR aircraft manufacturer has requested permission from the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury for the delivery of the turboprops Iran has purchased. Farzaneh Sharafbafi told Tasnim on Saturday that the delivery of the remaining ATR turboprops to Iran requires a permission […]

Iran eyes Energy Cooperation with Brazil

Iran’s foreign minister highlighted the opportunities available for Tehran and Brasilia to broaden their bilateral economic relations, saying Iran supplied the South American country’s energy demands in the past and can now work with it in the oil and gas industry. “Brazil is one the world’s major economies, the main economy in Latin America, and […]

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 to buy 120,000 Tons of Soymeal

Iranian state-owned animal feed importer SLAL has agreed to purchase around 120,000 tons of soymeal in an international tender at the weekend, European traders said on Monday. Traders said the sale was said to have been made by a small trading house believed to be from Russia, according to Reuters. “The main grain houses did […]

Iran, Brazil Sign Research Cooperation Deal

Officials from Iran and Brazil signed a memorandum of understanding on academic and research cooperation in cognitive sciences. The cooperation agreement was signed between Kamal Kharrazi, secretary of the department on development of cognitive science and technology at the Vice-President’s Office for Science and Technology Affairs, and the representative of CAPES, a foundation within Brazil’s […]

Petrobras may Explore in Caspian Sea

Brazil has expressed an interest in looking for hydrocarbon reserves in the Iranian share of the Caspian Sea. This was announced by Brazil’s Ambassador to Tehran Rodrigo de Azeredo Santos in a meeting with Yousef Etemadi, the acting managing director of Iran’s Khazar Exploration and Production Company (KEPCO). Santos emphasized that Brazil’s Petrobras was ready […]

Brazilian Firms keen on Iranian Oil Projects

Brazilian Mining and Energy Minister Fernando Coelho Filho said his country is keen for cooperation in the development of Iranian oil and gas projects. State-run Petrobras oil company and other firms in Brazil are ready to cooperate with Iranian oil majors and participate in the country’s oil and gas projects, Coelho Filho said on Tuesday […]

Brazil’s Ambassador meets with BIM Boss

Brazil’s ambassador to Iran, Rodrigo de Azeredo Santos, has met with Ali Ashraf Afkhami, Chairman of the Bank of Industry and Mines (BIM). In the meeting Afkhami explained the success of the Bank in the financing of infrastructure development projects such as steel, cement, railways, power stations and petrochemical plants, and talked about the launch […]

Embraer still awaiting US Approval for Iran Deal  

By John Lee. Brazil’s Embraer says it is still awaiting for approval from the US Treasury Department’s Office of Foreign Assets Control (OFAC) for sales of aircraft to Iran. The company has been quoted as saying that it remained “active and optimistic” about plans to sell planes to the Islamic Republic. In February 2016 Iran […]

Iran’s President Urges Closer Banking Ties with Brazil

Iranian President Hassan Rouhani stressed the need for Tehran and Brasilia to facilitate banking relations in a bid to boost trade exchanges between the two sides. The Islamic Republic of Iran sees no obstacle to the promotion of its relations with Brazil, President Rouhani said Sunday in a meeting in Tehran with new Brazilian Ambassador […]

US Treasury Assures Brazilian Banks of Iran Trade

A senior Brazilian official said the US Treasury Department has given assurances that Brazilian banks can do trade with Iran without fear of sanctions. “They (Brazilian banks) feared US and European banks could react by cancelling their credit lines,” Rodrigo Azeredo, Brazil’s top diplomat for trade, told Reuters on Wednesday. During a meeting in Sao […]

Shiraz Petchem Plant Exports Urea to Brazil

Shiraz Petrochemical Plant has exported a urea cargo to Brazil in a bid to diversify its export destinations. The plant sends goods to India regularly. The company has assumed this strategy of developing its markets and diversifying its products and has exported a urea cargo to Brazil the sanctions’ removal in January 2016. In October, […]

Iran discusses Purchase of Embraer Planes

By John Lee. Iran has reportedly started official negotiations with Brazilian aircraft manufacturer Embraer for the purchase of new planes. According to the Iranian deputy minister of Roads and Urban Development, Asghar Fakhrieh Kashan, a delegation from the company visited Tehran last week to talk with Iranian airlines. Trend reports that in March, Iranian Zagros […]

Brazil Cooperating with Tehran to Promote Trade

The Brazilian secretary for foreign trade said Brasilia has developed a mechanism in a attempt to boost its bilateral trade ties with Tehran. “Iran has also been a traditional trading partner to Brazil. We are working closely to that government in order to also push exports and imports,” Daniel Marteleto Godinho told Sputnik on Wednesday. […]

Iranian Merchants Still Facing Barriers to SWIFT

A member of Iran’s Chamber of Commerce complained about the lack of practical influence of the country’s reconnection to SWIFT, saying his company has still difficulty in using the financial telecommunication service for trade with the foreigners. Speaking to the Tasnim News Agency, Majid Movafeq Qadiri (pictured) said his company could not still open letters […]

Iran plans Joint Oil Refinery in Spain

By John Lee. Deputy Minister of Petroleum, Abbas Kazemi (pictured), has said that Iran would have a 50-percent participation in constructing a refinery in Spain, if the country’s crude oil is totally being supplied by Iran. He told IRNA that Brazil and Spain have voiced the willingness to cooperate with Iran in building oil refineries. […]

Iran has World’s 5th Lowest Oil Production Costs

By John Lee. A report by Rystad Energy says that Iran has the world’s fifth-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. The United Kingdom was the most […]

Iran Orders 50 Planes from Embraer

By John Lee. A government spokesman said on Tuesday that Iran has ordered 50 planes from Brazil’s Embraer. Mohammad Bagher Nobakht said the deal will be a hire purchase contract, adding, “the government is not going to spend its limited resources on things like buying planes.” Iran has already announced plane orders with ATR and […]

Iran to Buy 114 Airbus Jets

By John Lee. Iran has agreed to buy 114 Airbus aircraft for state carrier Iran Air. According to Bloomberg Business, the deal includes a mix of new and used jets from the A320 family, and the out-of-production A340s, with first deliveries expected in July. Reuters says that the deal could be worth more than $10 […]

Iran talking to Six Countries to Buy Aircraft

PressTV reports that Iran is in talks with six countries to purchase new commercial aircraft to renovate the country’s aviation fleet after the removal of sanctions. The Secretary of the Association of Iranian Airlines, Maqsoud As’adi-Samani (pictured), told the Tasnim news agency: “After the Vienna agreement, chief executives or sales managers of all aircraft manufacturers […]