Tag Archives | Bushehr

Iran to Launch 2 Petrochem Plants in H1

Iran is to witness inauguration of two petrochemical projects in the first half of the current Iranian calendar year which began on March 21, a petrochemical official said. According to the National Petrochemical Company (NPC), Ali Mohammad Bossaqzadeh said that Kaveh Methanol Plant would be one of the two projects which is currently undergoing its […]

Iran Launches New Phases of South Pars Gas Field

Iran’s president inaugurated four new phases of the large South Pars gas field in the southern province of Bushehr on Sunday. Accompanied by the minister of oil and other top officials, President Hassan Rouhani inaugurated the phases 13, 22, 23 and 24 of the South Pars gas field. Each of the new phases has a […]

Iran Launches New Petrochemical Plant

Iranian President Hassan Rouhani inaugurated a new methanol-producing plant in Iran’s energy-rich province of Bushehr. During a visit to the southern port city of Assalouyeh on Tuesday, the Iranian president opened ‘Marjan’ methanol plant, developed by a private sector petrochemical company. The nominal production capacity of the plant, whose construction began in 2011 in an […]

New Work Begins at Bushehr Nuclear Plant

The excavation process for the construction of new sites for the second and third reactors of Bushehr nuclear power plant in southern Iran began on Tuesday. The project kicked off in a ceremony at Iran’s southern port city of Bushehr, attended by Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi, nuclear […]

PGPIC, European Firm Partner in Petchem Project

Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) and a European company have partnered to build a major petrochemical project in Iran, PGPIC said. PGPIC managing director Adel Nejad Salim said the company has struck a €3b agreement with the European company to build a petrochemical facility in Assalouyeh, Iran’s energy hub located in the southern […]

Construction Begins on Bushehr-2 Nuclear Power Plant

March 14, 2017 saw the start of works at the Bushehr-2 Nuclear Power Plant. The ceremony was attended by representatives of the Principal – Nuclear Power Production & Development Co. of Iran (NPPD), namely: Mr. Jafari, Bushehr NPP Project Manager, Mr. H. Ghaffari, BNPP Operating Co. Managing Director, Mr. A.R. Moradian, OCE Co. Managing Director […]

Maersk Expands Operations in Iran

By John Lee. Denmark’s Maersk Line is to operate from a second port in Iran, less than three months after it resumed services to the country following the lifting of sanctions. The company pulled out of Iran in 2012, but having resumed services at Bandar Abbas in October, it has just added the port of Bushehr […]

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 […]

Iran to Spend $10bn to Build Two Nuclear Plants

The Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said 10 billion dollars will be spent for the construction of two nuclear plants in the southern port city of Bushehr. Speaking in a ceremony in Bushehr on Saturday, Salehi highlighted the importance of an ongoing project to build two new nuclear […]

Why Renewable Energy is Booming in Iran

By Maysam Bizær, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On Sept. 10, Iran and Russia launched a project to add two new 1,000-megawatt (MW) reactors to the already existing 1,000-MW reactor at the Bushehr nuclear power plant in the southwest of the country. […]

Iran to Do Construction Work of New Nuclear Units

The building section of two new units at Iran’s Bushehr nuclear power plant, which Russia is going to construct in ten and a half years, will be carried out by Iran itself, Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi announced. Iran will build the physical part of the new nuclear […]

Bushehr Petrochemical Complex to be Upgraded

Domestic experts at Iran’s Defense Industries Organization managed to manufacture 41 pressure tanks and 11 distillation towers, which are slated to be installed in Bushehr Petrochemical Complex southwest of Iran. In line with efforts to implement the policy of Resistance Economy and support domestic industries, the Defense Industries Organization has designed and manufactured 41 pressure […]

AEOI Chief Rejects Slowdown in Iran’s Nuclear Industry

The Head of the Atomic Energy Organization of Iran (AEOI), Ali Akbar Salehi, rejected the notion of any deceleration in the country’s nuclear progress, giving an assurance that nuclear activities are vigorously in progress in all areas. “With all my scientific, technological and administrative experience in the nuclear field for some 50 years, I insist […]

Russian Firm to build at Bushehr Nuclear Power Plant

Rusatom Service, part of Russian state nuclear agency Rosatom, announced that it expects to sign a 4-year contract with Tehran on the construction of two more energy blocks at Iran’s southern Bushehr nuclear power plant by the end of this year. “We will sign a new four-year contract at the end of this year,” Rusatom […]

Iran Sets Tourism Target of $30bn

Iran has drawn up a long-term plan to boost revenue from the tourism industry to $30 billion, Head of the country’s Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO) Masoud Soltanifar announced. According to a road map, Iran will be hosting an annual number of 20 million tourists in 2025, generating a $30 billion income, Soltanifar […]

Iran Petchem Industry Ready for Foreign Investment

More than $50 billion is needed to be invested in Iran’s petrochemical industry. Many of stakeholders of petrochemical projects in Iran are actively developing their plans amid hopes for further gas production from South Pars gas field and the presence of foreign investors over the coming two years. With the completion of South Pars phases, […]

Iran Signs $40bn in Trade Deals With Russia

By John Lee. Ali Akbar Velayati, an adviser to Iran’s supreme leader, told reporters: “… contracts worth around $40 billion … have already been initialed and are ready to be implemented. “They are just waiting for loans and financing from the Russian side, and during our meeting with Putin we were reassured that this would be done, and that [Iran] […]

Chinese Investors Visit Southern Economic Zone

By John Lee. A group of Chinese investors has visited the Bushehr Special Economic Zone in southern Iran and said they were eager to invest in the region. Bushehr’s deputy manager Qassem Sabet highlighted the potential of the zone, and its special advantages including discounts on utilities like water, power and gas supply. (Source: Tasnim […]

Iran to Build 2nd Oil, Gas Export Terminal in Jask

The Secretary of the Supreme Council of Iran’s Free Trade, Industrial, and Special Economic Zones said the country’s second terminal for exporting oil and gas after the Kharq Island in the Persian Gulf will be constructed in the Jask port, southern Hormozgan province. Introducing the government’s plans to develop the coastal strip of Makran along […]