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Iran, Russia to boost Ruble-Rial swap Investment
Iran, Russia to boost Ruble-Rial swap Vice chairman of Iran-Russian Chamber of Commerce has called for currency swap to further develop volume of the two countries' trade exchanges. Ghadir Ghiafeh touched upon the banking cooperation agreement between
NICO, Total to sign oil swap contract Energy
NICO, Total to sign oil swap contract Iran’s Naftiran Intertrade Company Sàrl (NICO) and France’s Total S.A. Company have agreed on sealing an oil swap deal. Naftiran Intertrade Company Sàrl (NICO), a Swiss-based subsidiary of the National
Kashagan to boost world oil production Energy
Kashagan to boost world oil production Kazakhstan’s Energy Minister Kanat Bozumbayev has said that the official launch of Kashagan is scheduled for October 23 The Caspian Pipeline Consortium (CPC) can pump about 1.2million tonnes of crude oil from the giant oil field
Turkish company to build major new port in Turkmenistan Investment
Turkish company to build major new port in Turkmenistan Turkish construction company GAP, owned by the Çalık Group, will build a port in the city of Turkmenbashi on Turkmenistan’s Caspian Sea coast over four years, Hurriyet reported. The
Russia, Saudi Arabia and Iran are meeting to discuss oil this week – and this is why it matters Energy
Russia, Saudi Arabia and Iran are meeting to discuss oil this week – and this is why it matters If you have low expectations you won’t be disappointed – not a bad way to approach life, as well as economics.
Libraries of Iran and Russia ink MOU cultural
Libraries of Iran and Russia ink MOU The National Library and Archives of Iran (NLAI) and the Russian State Library have signed a memorandum of understanding (MOU) to enhance bilateral cultural cooperation. The MOU was inked on Thursday by
Turkey, Turkmenistan and Azerbaijan aim to increase connectivity Political and military events
Turkey, Turkmenistan and Azerbaijan aim to increase connectivity Turkey needs to preserve the existing business volumes in established markets like Russia and the Middle East and expand in markets that offer relatively safer business environments such as Turkmenistan, Kazakhstan, and
Iran, Russia must boost strategic ties on Syria: Leader’s advisor Political and military events
Iran, Russia must boost strategic ties on Syria: Leader’s advisor A senior advisor to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says Iran and Russia must strengthen their strategic cooperation on regional and international issues, especially the
Azerbaijan President receives Dubai Chamber Chairman Investment
IIKSS - HE Ilham Aliyev, President of Azerbaijan received HE Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry, on the side-lines of his visit to the Chamber’s International Office-hosted annual networking reception held in Baku
Russia's super-heavy rocket project estimated at $23 billion Political and military events
IIKSS - The project for creating Russia’s super-heavy space rocket and launch pad for it will cost approximately 1.5 trillion rubles (roughly $23 billion at the current official rate of exchange), the first deputy CEO of the state-run
Turkmenistan, Iran to use potential deeper interaction Investment
IIKSS - Iran and Turkmenistan intend to boost their ties and level of cooperation in various fields of economy, including energy, transport, and trade. Turkmen Foreign Minister Rashid Meredov held talks with Deputy Foreign Minister of Iran Ebrahim
Japan, Russia to create ¥100 billion fund to boost economic ties in Far East region Investment
IIKSS - Japan and Russia have decided to create a ¥100 billion ($880 million) fund with the aim of promoting economic cooperation, sources close to the matter said Sunday. The planned fund will be set up probably next
Development of alternative energy in Kazakhstan Energy
IIKSS - Kazakhstan develops alternative energy, actively applying new technologies which allow rational use of natural resources. For instance, the first wind farm is successfully operating in Akmola region. Since the launch, the farm generated 193 million kilowatts
ADB supports $1B financing to expand Azerbaijan gas field Energy
IIKSS - The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields, APA-Economics reports citing to bank’s website. The assistance
Sweden determined to bolster ties with Iran Political and military events
IIKSS - Sweden’s State Secretary Hans Dahlgren, at a meeting with Iran’s Presidential Chief of Staff Mohammad Nahavandian, said Stockholm had political determination to expand multilateral ties with Tehran. During the joint meeting in the Swedish capital, Iran’s
2016 EBRD Investment in Kazakhstan Breaks Record for Third Year Investment
IIKSS - The European Bank for Reconstruction and Development provided loans and technical cooperation for more than 30 projects in Kazakhstan in agricultural business, public utilities, infrastructure, energy, financial institutions and financed dozens small and medium-sized enterprises in
Turkmenistan’s economic growth slowing down — IMF Investment
IIKSS - Turkmenistan’s economic growth has slowed down as a result of external factors, although domestic non-hydrocarbon growth has been supported by credit and structural policies in support of diversification, Mr. Martin Sommer, head of an International Monetary
Rouhani to visit Armenia, Kazakhstan, Kyrgyzstan Political and military events
IIKSS - The communications and information director at the presidential office announced on Sunday that President Hassan Rouhani will leave Tehran for Yerevan on Wednesday. The trip to Yerevan will be made at the invitation of Armenian President
Azerbaijan`s speaker meets Kyrgyz, Kazakh counterparts Political and military events
IIKSS - Azerbaijan`s Parliamentary Speaker Ogtay Asadov met his Kyrgyz counterpart Chynybay Tursunbekov, who visited the country to participate in the inauguration ceremony of the headquarters of the Parliamentary Assembly of Turkic Speaking Countries (TURKPA), on December 21.
Turkmenistan keen to bring investment in energy industry Energy
IIKSS - In Turkmenistan’s energy industry, main attention should be paid to the attraction of foreign investment in large infrastructure projects, including the projects on the development of oil and gas reserves of the Caspian Sea, diversification of
Iran Army to hold major air defense maneuvers: Commander Political and military events
IIKSS - The Iranian Air Defense Force will stage massive five-day military exercises in southern parts of the country to display its might and boost its integrity and cohesiveness, a senior Iranian commander says. The large-scale maneuvers, code-named
Azerbaijan hopes to welcome more Iranian tourists Tourism
IIKSS - Azerbaijan plans to welcome more tourists next year and the country will be an attractive destination for Iranian tourists on the eve of Novruz holiday. Culture and Tourism Minister Abulfas Garayev made the remark as he
Azerbaijan to consider renewing its air fleet until 2020 Investment
IIKSS - Azerbaijan will consider renewing its air fleet until 2020 as the country endorsed the Strategic Road Map for the development of logistics and trade. Azerbaijan Airlines will particularly consider renewing old Airbus and Embraer planes. Azerbaijan
Iran sells crude oil at $52.16 in a week Energy
IIKSS - Iranian light crude oil price continued its upward trend in the week ended on December 23, increasing 30 cents per barrel (pb) to reach $52.16, IRNA reported on Saturday. The country’s light crude price stood at
Russia developing carrier-based drones, will get 100 new Navy aircraft by 2020 – military Political and military events
IIKSS - The Russian Navy’s airborne arsenal is to receive a major boost in the form of both drones and combat aircraft, a top commander has revealed. A variety of ship-based unmanned aerial vehicles (UAVs) are currently being
Tehran, Baku Boost Transport, Trade Ties Investment
IIKSS - Iran and Azerbaijan are boosting trade and transportation ties, following the new agreements reached during a joint intergovernmental commission held in Baku and Nakhchivan last week. The two sides agreed to reduce transit fees to $100
Azerbaijan plans export mission to Germany Investment
IIKSS - An export mission of Azerbaijani entrepreneurs to Germany is planned for January 2017, hoping to boost exports. The mission, which is scheduled for January 23-26, will represent such local products as fruit and vegetables, mineral water,
Kazakhstan could be the diplomatic key for boosting stability Join our daily free Newsletter Political and military events
IIKSS - Kazakhstan's Ambassador to the United States, Kairat Umarov, quietly affirms (without boasting) that 'We expect our next 25 years of independence to be better than our first 25 years.' Asked to elaborate, he simply, and correctly,
IRGC Aerospace Starts Massive Military Operations in Northern Iran Political and military events
IIKSS - Islamic Revolution Guards Corps (IRGC) Aerospace Force kicked off massive military drills dubbed 'Modafe'an Harim-e Aseman Velayat' (Defenders of the Velayat Skies) in Semnan province in Northern Iran on Saturday. The new stage of the IRGC's
Azerbaijan, Iran discuss cooperation Investment
IIKSS- Azerbaijan`s Minister of Economy Shahin Mustafayev has met Chairman of Central Bank of the Islamic Republic of Iran Valiollah Seif. They discussed cooperation in financial field. The sides also exchanged views on the current state of cooperation
Iran’s Rouhani Felicitates Berdimuhamedov on Reelection as Turkmenistan’s President Political and military events
IIKSS- Iranian President Hassan Rouhani in message on Tuesday congratulated Gurbanguly Berdimuhamedov for his reelection as the president of the Central Asian state. President Rouhani expressed the hope that Berdimuhamedov’s new term would result in further expansion of
New Energy Project Proves 'Unprecedented Level of Trust' Between Russia, Iran Energy
IIKSS- Last week, Russia and Iran launched the construction of the Sirik 1.4-gigawatt thermal nuclear plan in the city of Bandar Abbas in southern Iran. The opening ceremony was attended by Russian Energy Minister Alexander Novak. In mid-December
Iran-Azerbaijan railway construction launched Investment
IIKSS- Iran has started laying rail tracks on the rail section Astara (Azerbaijan) - Astara (Iran), which is constructed in the framework of the North-South international transport corridor. Governor of Iran’s Astara Port Yunes Ranjkesh said that operations
Russians and Iranians are brothers for life Political and military events
IIKSS- In a message on the occasion of 515 years of Iran-Russia historical ties, the Iranian Foreign Minister Mohammad Javad Zarif said that few countries in the world have as deep and historical relations. However, he said that
Uzbekistan to get access to Caspian and Black Seas via Turkmenistan Investment
IIKSS- Creation of the international transport corridor was named one of the priorities of cooperation between Turkmenistan and Uzbekistan, reports the news agency “Turkmenistan Today”. Speaking to the reporters following the high-level talks in Ashgabat on March 6,
Rosneft Boosts Ties With Ex Juice King To Lift Trade In Europe Energy
IIKSS- In a bid to boost its oil products trade in southern Europe and Turkey, Russia’s oil giant Rosneft is expanding its business ties with oil products trading and logistics firm Petrocas, which has crude storage terminals in
Zarif hails Iran-Russia co-op in Caspian Sea Political and military events
Iranian Foreign Minister Mohammad Javad Zarif and his Russian counterpart Sergei Lavrov met on April 28 in Moscow on the sidelines of the trilateral meeting of Russian, Iranian and Turkish foreign ministers on Syria. During the meeting, Zarif hailed
Russia to boost ties with Iran if US pulls out of JCPOA: Official Political and military events
A senior Russian official says Moscow will reinforce its relations with Iran in different sectors should the US withdraw from the 2015 nuclear agreement as a deadline looms for Washington to announce whether or not it will keep its
Iran and Russia’s very pragmatic alliance Political and military events
If Donald Trump chooses not to extend the nuclear deal with Iran in May, there will be a regional crisis. Meanwhile Tehran seeks to boost its relations with Russia, with which it’s had centuries of dealings. Russo-Iranian relations
Kazakhstan to allocate $69 million to develop areas surrounding Almaty Investment
Kazakhstan will allocate 23.6 billion tenge (US$69.38 million) to develop the areas around Almaty until 2020, Minister of National Economy Timur Suleimenov announced during a recent government meeting. Development of the Almaty agglomeration that occupies 9,400 square kilometres is
Iran Could Join Russia’s Regional Payment Network Investment
Russia is looking to establish a regional payment network in the foreseeable future and Iran can become a member if it meets the technical requirements, the chief executive of Informatics Services Corporation said. On Monday, ISC chief Aboutaleb Najafi
Azerbaijan Raises Military Vigilance in Response to Armenia’s Unclear Karabakh Policy Political and military events
During a July 20 press conference, Armenian Prime Minister Nikol Pashinyan reiterated his maximalist position on the Karabakh conflict and called for “deter[ring] Azerbaijan from provocations” (Lragir.am, July 20). The next day, Armenian fire killed an Azerbaijani service member
Caspian Sea Convention to Ban Military Presence of Non-Littoral States in Region Political and military events
The principle of non-presence of armed forces not belonging to the five Caspian countries is one of the agreed provisions of the Convention on the Legal Status of the Caspian Sea, which is expected to be signed at a
Iran, Russia confer on latest threats of terrorism Political and military events
Deputies of Iranian and Russian foreign ministries met and held talks on the latest developments in the region and across the globe, and conferred on ways to counter terrorism. The meeting was
Caspian Sea pact seen boosting regional energy cooperation
Energy projects in the resource-rich Caspian Sea could receive a boost after five nations agreed on the legal terms of how to share access after 20 years of negotiations. Despite being one of the world's oldest hydrocarbons producing regions,
Congratulations to the people of Azerbaijan on the occasion of Eid al-Adha Political and military events
Dear fellow countrymen, I extend my heartfelt congratulations and sincerest wishes to you and all our compatriots living outside Azerbaijan on the occasion of Eid al-Adha, which symbolizes moral unity, solidarity and brotherhood.
Kazakh port in decline bids for slice of China trade Investment
With the outlines of its six idle cranes obscured by thick fog and pouring rain, Kazakhstan's Caspian seaport Aktau seems an unlikely stop on China's much-hyped new silk road. But the sleepy port, which has been badly hit in
Five Central Asian Leaders Discuss Aral Sea In Turkmenistan Environment
Five Central Asian Leaders Discuss Aral Sea In Turkmenistan Leaders of five former Soviet republics in Central Asia met in Turkmenistan on August 24 to discuss the way to save the Aral Sea, which is facing severe environmental issues.
Turkmenistan to send fertilizer to India via Iran Investment
A bilateral agreement has been signed to use Amirabad Port in the northern Mazandaran province as a corridor for transiting 30,000 tons of fertilizer from Turkmenistan to India, the director of Amirabad Special Economic Zone
Russia To Resume Gas Imports From Turkmenistan Energy
Russia's Gazprom next year will resume imports of natural gas from Turkmenistan that it stopped three years ago, the energy giant's chief executive has said. In an interview with Turkmenistan's state television channel during a visit to Ashgabat
Caspian agreement: Many issues still to be settled Legal Issues
On 12 August 2018, the five Caspian littoral states, after two decades of negotiations, finally agreed on the status of the region when they signed the ‘Convention on the Legal Status of the Caspian Sea’ document in the port
Iran Signs Agreement With Kazakhstan to Boost Road Transport Cooperation Investment
Iran and Kazakhstan have signed an agreement on issuing permits for truckers commuting between the two countries to boost mutual cooperation in road transportation sector. The deal was signed during a meeting by a high-ranking delegation from Iran Road
CNPC boosts output from Turkmenistan’s Saman Depe field Energy
China National Petroleum Corp. (CNPC) has increased output from the Saman Depe gas field in Turkmenistan by 6.5 million cubic metres per day following the launch of four new compressor units on Monday, CNPC said on Friday. The field
Iran, Russia have great capacity to expand ties: Putin envoy Investment
There is great capacity to develop relations between Iran and Russia, the Russian president’s special representative for the Caspian littoral states said on Saturday. In an interview with IRNA, Ramazan Abdullatif said the determination of the leaders
‘Iran-EEU free trade agreement can boost Iranian exports to Russia’ Investment
The agreement for the establishment of a free trade zone between Iran and the Eurasian Economic Union (EEU) is an opportunity for Iran to boost its exports to Russia, according to the Iranian head of Iran-Russia Joint Chamber
Iran, Russia to strengthen naval cooperation Political and military events
Navy Chief Rear Admiral Hossein Khanzadi said on Tuesday that the cooperation between the naval forces of Iran and Russia will be expanded in the future. He made the remarks on the sidelines of a meeting with
Azerbaijan to send export mission to Poland soon Investment
The introduction of local products of Azerbaijan to international markets is boosting the non-oil sector of the economy and strengthens business ties with foreign countries. Therefore, Azerbaijan is organizing a number of export missions to promote national products under the Made