Iran has not received any offers to be excepted from an oil production freeze deal from OPEC, Iranian Oil Minister Bijan Zangeneh reported. On Tuesday, a high-ranking source in the Algerian delegation to the International Energy Forum said that Saudi Arabia was ready to cut its oil production to January levels if Iran froze its…
Azerbaijani state oil company SOCAR can provide Iran with its gas storage tanks, President of SOCAR Rovnag Abdullayev said. He said that the matter rested in small amounts of 1-2 billion cubic meters of gas. “Iran has problems with the gas supply to its northern regions in the winter months”, Abdullayev said. “The Iranian side…
Azerbaijan invites Iranian entrepreneurs to actively cooperate with local businessmen, said Azerbaijan’s Deputy Economy Minister Sahib Mammadov. Mammadov made the remarks during the Azerbaijani-Iranian business meeting in Baku. The meeting, organized by Azerbaijan Export and Investments Promotion Foundation (AZPROMO), was attended by more than 80 local and Iranian businessmen. Azerbaijani deputy minister said that Azerbaijan…
National Iranian Oil Company (NIOC) has signed oil contracts with a range of companies, including Russian oil producer Lukoil. Other companies included OMV, Total and Pertamina. Earlier in August, Russian ambassador to Iran Levan Dzhagaryan said Lukoil was considering development of two deposits near the Iranian city of Ihvaz. (Prime/Business World Magazine)
The Russian Helicopters holding is intensively working up an issue to establish an authorized technical maintenance center in Iran with the Iran Helicopter Support and Renewal Company (IHSRC), according to the holding’s Deputy Director General Alexander Shcherbinin. “The Russian Helicopters company is discussing the potential supply of Ka-226T and Ansat light utility helicopters to Iran’s…
Nationals of Iran and Azerbaijan will be able to use their bank cards in the two countries’ territories once Iranian banks connect to the national card payments network created by Azerbaijan’s Central Bank. “Since Iran has not yet connected to any international payment system (Visa or MasterCard), the integration of the two countries’ card systems…
Public joint-stock company Ukrzaliznytsia intends to sign a contract to carry out construction works on over 300-km railway tracks with Ministry of Roads and Urban Development of Iran, the company’s press service reported, referring to Board Chairman Wojciech Balczun. “We quickly worked with the agreement of the Infrastructure Ministry of Ukraine and Ministry of Roads…