Tag Archives | Isfahan

Esfahan Steel Co. Eyes Foreign Investment

Esfahan Steel Company, Iran’s third largest steel maker, is seeking to attract foreign buyers as it plans to boost its production, a report said. The company aims to boost production to 3.2 million metric tons in the current Iranian calendar year, which ends in March 2017, from 2.4 million tons a year earlier, said Mojtaba […]

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 […]

Iran’s Steel Output Hits 5.5m Tons in 4 months

Iran has produced over 5.5 million tons of steel in the first four months of 2016, data released by the World Steel Association shows. Iran’s steel production from January to April 2016 stood at 5.57 million tons indicating a growth of 1.5% compared with the same period last year. The Islamic Republic had produced 5.488 […]

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 […]

Italian Textile Machinery Manufacturers to Visit Iran

Representatives of Italian textile machinery manufacturers are planned to visit Iran later this month to explore business opportunities in the country following the removal of sanctions. According to a statement released by the Association of Italian Textile Machinery Manufacturers (ACIMIT) on Friday, a total of 26 textile machinery manufacturers from the European country will be […]

More Flights between Iran and Russia

The Russian energy minister said the number of direct flights between Iran and Russia will increase from five to nine per week. Flights from Russia can go to the Iranian cities of Tehran, Isfahan, Mashhad, Rasht and three other cities that Iran will confirm later, Alexander Novak told reporters after meeting Iranian Minister of Communications […]

Minister Updates on Refinery Developments

Iran is to start operating the first phase of Persian Gulf Star Refinery during the second half of the next Iranian calendar year which begins on March 21. The Deputy Petroleum Minister, Abbas Kazemi (pictured), told Shana that the refinery will start producing high-octane gasoline. The Minister, who is also the Managing Director of the […]

Isfahan, Salzburg sign MoU

A memorandum of understanding on cooperation in tourism, industry, arts, water, technology and student exchange has been signed between the Governor of Isfahan Province Rasoul Zargarpour, and the Governor of the Austrian city of Salzburg, Wilfried Haslauer. “The MoU provides a good basis for increasing collaboration between Isfahan and Salzburg,” said Haslauer, adding that fostering […]

FlyBaghdad Starts Iran Flights

By John Lee. Iraq’s youngest airline, FlyBaghdad, is to start flying between Iraq and Iran, according to a report from Gulf News. The airline’s Regional Commercial Manager, Mohammad Abdali, told the news agency that the Iraqi-owned airline will start flights from Baghdad International Airport to Tehran, Isfahan and Mashhad on October 16. He added that […]

Esfahan Petchem Exports Above $43m

Esfahan Petrochemical Company (EPC) exported more than 43 million dollars of petrochemical products in the first half of the current year (March 21-Sept 22), the firm’s CEO said. “[Six month] exports amounted to 43.168 million dollars which build up 70 percent of our output,” Hamid Sotudehfar said. The Petrochemical Commercial Company (PCC) also announced it […]