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Iranian Railway Co, South Korea”s Hyundai sign cooperation MOU
2016/mar/3
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Iranian Railways Company and South Korea”s Hyundai-Rotem Company signed a memorandum of understanding for provision of 150 railbuses through finance credit lines.
The MOU was signed by the Iranian Railway Company”s Deputy Head for Trains Fleet Babak Ahmadi, Hyundai-Rotem Company”s Raiway Systems Deputy Ion Queen Choi, and Japanese Marubeni Company”s Managing Director Hisao Ikega.
According to the agreement, the 150 railbuses will be manufactured based on finance credit acceptable to the Central Bank of Iran and the Ministry of Economy which will be opened by the Hyundai-Rotem Company.
The Korean and Japanese companies have agreed to manufacture the railbuses jointly with Iranian companies and then sell them at a reasonable price to the Iranian Railway Company under a rent-for-sale contract.
The Hyundai-Rotem Company had already signed the contract for joint manufacturing of another 150 railbuses with Iran”s IRICO and thus far 17 of them have been delivered to the Iranian Railways Company and put into use in the country”s railways network.
(irna) |
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2016/mar/3 |
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Finnish agriculture minister due in Iran for talks
2016/feb/27
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Finland”s Minister of Agriculture and Environment Kimmo Tiilikainen will arrive Iran on Saturday to confer with Iranian officials on expansion of bilateral cooperation.
According to the Finland government”s official website, Tiilikainen heads a Finnish business delegation on a visit to Iran on 27 February–2 March 2016.
“By this visit, Minister Tiilikainen supports Finland”s efforts to increase Finnish cleantech, agrotechnology and food industry exports to Iran.”
Tiilikainen will attend the International Environment Exhibition Enviro 2016 in Tehran, also as one of the keynote speakers at the opening event, it said.
During the visit, he is scheduled to meet Masoumeh Ebtekar, the Vice President of Iran and Head of Environmental Protection Organization, with whom he will sign a cooperation agreement on environmental protection.
The Finnish minister will also meet the Minister of Agriculture Mahmoud Hojjati, Minister of Energy Hamid Chitchian and Mayor of Tehran Mohammad Baqer Qalibaf.
“Now that the sanctions have been lifted, a market of 80 million people is being opened up. Foreign expertise and investments are needed especially in environmental infrastructure, agriculture, and forestry and food production.”
The economy of Iran is estimated to grow by five to eight per cent in the next few years, Finland government”s official website said
(irna) |
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2016/feb/27 |
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Swiss president in Iran to discuss bilateral cooperation
2016/feb/27
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Swiss President Johann Schneider-Ammann is in Iran to hold talks with senior Iranian officials and sign agreements in different fields.
Heading a high-ranking politico-economic delegation, Schneider-Ammann was welcomed by Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh at Mehrabad Airport upon his arrival on Friday, according to Press TV.
The Swiss president, who is in Tehran at the invitation of President Hassan Rouhani, is scheduled to discuss ways to improve mutual, regional and international relations.
Tehran and Bern will sign agreements in the fields of economy, banking cooperation, politics and culture.
(isna) |
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2016/feb/27 |
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Swiss banks resume cooperation with Iran
2016/feb/27
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Iranian Charge D”affaires to Switzerland Mehdi Ebadi said that Swiss banks have resumed cooperation with Iranian ones.
“Practically, there is no barrier to economic, financial and banking cooperation between Tehran and Bern and many Swiss banks have resumed cooperation with Iranian ones,” he said in an exclusive interview with ISNA.
He also said that Iran and Switzerland plan to discuss and invest in economic projects which would be started soon.
The Iranian diplomat highlighted economic, economic, cultural and scientific ties between the two sides and said Iran and Switzerland hold vast potentials for cooperation in banking, financial, trade, industrial and technological spheres.
Ebadi also referred to Swiss President Johann Schneider-Ammann”s visit to Tehran and his accompanying scientific and economic delegations and said the visit shows that the country attaches importance to boosting ties with Iran in post-sanction era based on mutual interests
(isna)
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2016/feb/27 |
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US companies seek to enter Iran petrochemical sector
2016/feb/24
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A deputy to the Iranian petroleum minister said American companies are in line to participate in Iran”s petrochemical industry.
Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei said in addition to European firms, US companies await to invest in the sector, IRNA reported.
“Up to now, we”ve had very good negotiations with European companies… On top of attracting investment, our goal is the transfer of latest technologies” to Iran”s petrochemical production plants, said the NPC chief.
“In addition to the Europeans, reputable American companies are in line for participation in the industry,” the official news agency quoted Shah-Daei as saying without specifying the companies, Press TV reported.
The report said the official announcement was the first of its kind about US firms seeking involvement in the country”s petrochemical sector.
The Iranian petroleum minister said last month that the country”s petrochemicals exports have soared over the past years resting now at over 20 billion dollars.
Oilfield development
Meanwhile, Mahmoud Mar”ashi, the project manager of South Azadegan at Iran”s Petroleum Engineering and Development Company (PEDEC) told IRNA that major companies from France, Japan and Korea have held initial negotiations with Tehran over the country”s largest oilfield.
Mar”ashi, however, added the preliminary talks with France”s Vinci, Japan”s Marubeni and Korea”s Hyundai had not yet led to any contracts.
Iran has five joint fields with Iraq, which include North Azadegan, South Azadegan, North Yaran, South Yaran and Yadavaran; two of which, i.e. Azadegan and Yadavaran, reportedly hold the biggest reservoirs of Iranian oil.
South Azadegan is believed to hold 42 billion barrels of oil in place, 5.2 billion barrels of which are recoverable.
Iran discovered Azadegan oilfield in 1999 in what was described as its biggest oil find in decades. The country then teamed up with Japan”s Inpex to push the project toward development. However, the Japanese firm quit as a result of anti-Iran sanctions.
(iran daily) |
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2016/feb/24 |
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