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Legal Status of Caspian Sea Legal Issues

 Legal Status of Caspian Sea Introduction The Caspian Sea is the biggest enclosed body of water on Earth, having an even larger area than that of the American Great Lakes or that of Lake Victoria in East Africa. The length of the

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Iran capable of turning into tourism hub Tourism

By Farhad Daneshvar – Trend: Iran is capable of turning into a regional tourism hub in the near future, a Spanish envoy to Tehran believes. “Iran will turn into a regional tourism and economic destination,” IRNA news agency

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German scholar says Iran is rich in archeology History

Tehran, March 6, IRNA – Senior Researcher from German University of Munich, Dr. Christian Konrad Piller, said on Sunday that he had done much archeological work in Iran, notably detecting hints of public social standings in the country in

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Azerbaijan’s SOCAR reviving Iran deals Energy

Azerbaijan’s state oil firm SOCAR says it is looking to revive trade with Iran as the two neighbors are strengthening relations after the lifting of sanctions on the Islamic Republic.  Azeri President Ilham Aliyev arrived in Tehran on Tuesday to

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KazMunaiGas crashes prepayment party to improve debt profile Energy

Read the rest of this TXF article here: http://www.txfnews.com/News/Article/5472/KazMunaiGas-crashes-prepayment-party-to-improve-debt-profile. For more high quality trade, export & agency, and commodity finance journalism and events, visit www.txfnews.com Kazakhstan’s state-owned KazMunaiGas (KMG), an umbrella company of several subsidiaries, is closing a $3

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Iran, Russia eye oil & gas swap Energy

By Khalid Kazimov – Trend: Iran and Russia are capable of swapping oil and gas, says Iranian Oil Minister Bijan Namdar Zanganeh. At a meeting with Russian Energy Minister Alexander Novak in Tehran, Zanganeh said that expansion of cooperation with Russia is

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The Beginner's Guide to Caviar Fishing

The Beginner's Guide to Caviar How to serve, pair, and savor the finest sturgeon roe. There's no quicker way to announce that a meal special. More than lobster or champagne (or even a giant bucket of fried chicken), a dollop of

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Turkmen oil refineries' complex to up LPG output Energy

By Aynur Karimova The Turkmen Ministry of Oil and Gas and Natural Resources has revealed the Turkmenbashi Complex of Oil Refineries' liquefied gas production plans for 2016. The ministry reported on March 18 that the complex will produce 340,000 tons of LPG

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Iran invited to Doha oil freeze talks Energy

Iran invited to Doha oil freeze talks Qatar’s media said on Wednesday that the country has invited Iran to join talks over implementing a proposed oil production freeze to help stabilize prices. Qatar’s Ministry of Energy and Industry has

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Iran-Pakistan gas pipeline still alive Energy

By Emil Ilgar – Trend: Iran-Pakistan gas pipeline project, is not dead and negotiations over realization of the project continue, the Managing Director of National Iranian Gas Company Hamid Reza Iraqi told Fars News Agency. "Pakistan has agreed to build a 100km-pipeline

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Topaz reports 63% decline in 2015 profit Energy

Profit at Topaz Energy and Marine dropped by 63 per cent last year, as it suffered from the oil price-driven industry slump. The Dubai-headquartered shipping company, which is a wholly owned subsidiary of Muscat-listed Renaissance Services, yesterday reported a drop of

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Turkmenistan makes discount to Turkey for cargo transportation Investment

Trend: Turkmenistan has made a 20-percent discount to Turkey for cargo transportation through the Caspian Sea, Istanbulhaber online newspaper quoted Fatih Sener, executive director of Turkish International Transporters’ Association, as saying March 28. Sener noted that Turkmenistan’s government made a decision on

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Iran to start issuing electronic visas by 2017 Tourism

Iran will start issuing electronic visas for foreign tourists by the end of 2016, Masoud Soltanifar, Iran’s vice-president said. Soltanifar, who heads Iran’s Cultural Heritage, Handicrafts and Tourism Organization, added that Tehran also pursues the issue of mutual visa waiver with

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China Gets Winning Formula For Silk Road Railway Investment

Summary China agreed to help Iran building a railway which will form part of China's High Speed Silk Road Railway. China has a winning SRR formula: dual-Usage bullet train technology and irresistible co-operation terms. When SRR completed, freight train from China can reach

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Iran’s oil, condensate export surpasses 2 mbpd Energy

Iran’s oil export has recently surpassed two million barrels per day, the country’s oil minister, Bijan Namdar Zanganeh said. “The country now is exporting over two million barrels of gas condensates and crude oil per day,” Zanganeh said, Mehr news agency

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3000 foreign tourists visited Niasar Tourism

Kashan, April 3, IRNA – Some 3,000 foreign tourists visited natural sightseeings of Niasar, knwon as rose-land for growing rose flowers on the suburbs of Kashan, Isfahan province, in the course of Norouz holidays, caretaker of the city's Municipality

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Caspian agro expo due in Baku Investment

The largest regional forum of producers of agricultural products and food supplies - Azerbaijan International Agriculture Exhibition, Caspian Agro 2016 will take place on 19-21 May in Baku. This year the Exhibition celebrates its 10th anniversary. Over the years, the Caspian

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Fishing for vital company knowledge Fishing

Fishing for vital company knowledge   Large building projects are delayed by all sorts of issues — money, employees who lack the right skills, public sentiment. But sometimes it is fish spawn, or great-crested newts. The deliverer of such bad news might

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Turkmenistan starts drilling another well at Galkynysh field Energy

Turkmenistan starts drilling another well at Galkynysh field Energy-rich Turkmenistan, which sits on huge natural gas reserves (265 trillion cubic feet of proven gas reserves, according to the Energy Information Administration, January 2015), continues large-scale works on the accelerated commercial development

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Caspian Sea littoral states eye economic cooperation Investment

Caspian Sea littoral states eye economic cooperation Trend: Deputy foreign ministers of the Caspian Sea littoral states have discussed expansion of economic cooperation at a meeting in Baku, an Iranian deputy foreign minister said. The Islamic Republic of Iran believes in the

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Turkmenistan advancing on South Asian gas market Energy

Turkmenistan advancing on South Asian gas market Trend: Despite skepticism of some experts regarding the progress of construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which dates back to 2010, the deal started rolling. The State Concern 'Turkmengaz',

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Tehran and its 2,000 tourist spots Tourism

Tehran and its 2,000 tourist spots Deputy of Tehran Municipality says the Iranian capital has over 2,000 tourist attractions that will take 35 days time to visit all of them. Tehran was first chosen as the capital

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SGC to save Turkey from gas dependence on Russia Energy

SGC to save Turkey from gas dependence on Russia Trend: The Southern Gas Corridor (SGC) project will save Turkey from gas dependence on Russia, said Stephen Blank, senior fellow at the American Foreign Policy Council. He made the remarks addressing an event

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WorleyParsons ink five-year contract with BP Azerbaijan Energy

WorleyParsons ink five-year contract with BP Azerbaijan azernews WorleyParsons has been awarded a five-year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey, Azertac state news agency reported. Under the agreement, WorleyParsons will provide

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New appointment at Turkmenistan’s state concern Investment

New appointment at Turkmenistan’s state concern Trend: Japarguly Orazov has been appointed the deputy chairman of Turkmenneft State Concern. Turkmenistan's President Gurbanguly Berdimuhamedov signed the relevant decree on his appointment. The state concern's activity covers more than 600 oil, oil & gas and

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Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf Trend: Turkmenistan can become a mighty industrial power and a major exporter of chemical products, the 'Neutral Turkmenistan' newspaper reported. The implementation of the project for constructing a gas chemical complex in Kiyanly village of

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Turkmenistan, Italy studying joint projects Energy

Turkmenistan, Italy studying joint projects Trend: Turkmenistan and Italy have great opportunities to diversify the cooperation and implement joint projects in various spheres, says the Turkmen President Gurbanguly Berdimuhamedov. He made the remarks during a meeting of the Cabinet of Ministers, read

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Gas fields development in Turkmen Karakum Desert kicks off Energy

Gas fields development in Turkmen Karakum Desert kicks off Trend: The Turkmen State Concern 'Turkmennebitgazgurlushyk' has started development of a group of gas and condensate fields 'Zeakli-Derveze' in the Central Karakum Desert in Turkmenistan since early 2016, the country's oil and

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Turkmenistan keen to become major exporter of chemicals Energy

Turkmenistan keen to become major exporter of chemicals Turkmenistan can become a powerful industrial power and a major exporter of chemical products, the Neutral Turkmenistan newspaper reported. The construction of a gas chemical complex on the Caspian Sea shore, exactly in

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Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf Turkmenistan's President Gurbanguly Berdimuhamedov has given instructions regarding the development of hydrocarbon resources in the country's Caspian Sea shelf, read a message from Turkmenistan's government. This issue was discussed during the meeting of the

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Turkmenistan-EU joint project on energy efficiency Energy

Turkmenistan-EU joint project on energy efficiency Turkmenistan and the European Union have launched a joint project on the implementation of strategies for sustainable development in Turkmenistan to help the country in the rational use of natural resources and energy, newspaper

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Long-awaited subway stations open Investment

Long-awaited subway stations open Baku citizens and the guests of the Pearl of the Caspian Sea will have an access to two more subway stations in the capital, which is expected to ease the daily travelling plans. Those, who wish to

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S&P affirms ratings of Kazakh KazTransOil pipeline operator Energy

S&P affirms ratings of Kazakh KazTransOil pipeline operator Trend: Standard & Poor's Ratings Services affirmed its 'BB' long-term corporate credit rating on Kazakhstan-based oil pipeline operator KazTransOil (KTO), the rating agency reported. The outlook is negative, according to the agency. The affirmation reflects

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Azerbaijan, appropriate tourism destination for Russians Tourism

Azerbaijan, appropriate tourism destination for Russians A tense situation between some countries hamper tourism sector in many tourist attractive counties. Director of Summer Tour travel company Aykhan Allazli claims that Azerbaijan can become a new destination for Russian tourists. He said that

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Baku Higher Oil School to organize int’l conference Energy

Baku Higher Oil School to organize int’l conference On 25-28 April, 2016, BHOS and UK-based Confidence Capital company with the support of SOCAR will jointly organize international practical conference on 'Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and

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Turkmenistan to host int’l gas congress in May Energy

Turkmenistan to host int’l gas congress in May   The seventh International Gas Congress of Turkmenistan is planned to be held May 19-20, 2016 at 'Avaza' national tourist zone, the event organizer Turkmengaz state concern announced. The forum will bring together around

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Iran-Azerbaijan trade turnover up Investment

Iran-Azerbaijan trade turnover up by 53% Trade turnover between Iran and Azerbaijan has increased by 53 percent in the first three months of the current year, said Iran's ICT Minister Mahmoud Vaezi speaking to reporters in Baku April 21. Vaezi, who

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Craze for LNG Energy

Craze for LNG Pricing policy of only one man, John D. Rockefeller, led to a decrease in the cost of kerosene in the US oil products' market of the late 19th century from 26 cents to eight cents per gallon

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Azerbaijan may discover additional gas condensate reserves Energy

Azerbaijan may discover additional gas condensate reserves   Azerbaijan has all opportunities for discovering additional gas condensate reserves at its fields in the Caspian Sea, said Natig Aliyev, Azerbaijani energy minister. The minister made the remarks Apr. 25 at the SOCAR International

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Caviar exports from Iran up 183 percent Fishing

Caviar exports from Iran up 183% yr/yr Tehran- Iran’s exports of caviar rose to worth $1.7 million showing 183.3 percent increase in the past Iranian calendar year of 1394 (ended March 19, 2016), the ISNA news agency reported on

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Kazakhstan plans to enter top 10 oil exporters Energy

Kazakhstan plans to enter top 10 oil exporters Kazakhstan plans to produce 77 million tons of oil in 2016, Deputy Director General of the Information Oil and Gas Center of Energy Ministry of Kazakhstan Askar Kenzhekhanov said. He made the remarks

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Russia Renewable Energy Report Energy

Russia Renewable Energy Report Other than large hydroelectric plants in Russia, all other forms of renewable energy accounts for less than 1% of power generation capacity. These metrics come from Russia Direct, which reports when it comes to wind, solar and

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Turkey imports 700m cmd gas from Iran in April Energy

Turkey imports 700m cmd gas from Iran in April Turkey imported close to 700 million cubic meters of gas from Iran in February. Turkey's annual gas imports from Iran, as the second major gas supplier worldwide, is 10 billion cubic meters.

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SOCAR commissions new platform in Caspian Sea Energy

SOCAR commissions new platform in Caspian Sea Azerbaijan's state oil company SOCAR completed the construction of the new deep-water platform #6 at the Bulla Deniz gas field in the Caspian Sea and commissioned it, reads a SOCAR message issued May

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US, EU support Southern Gas Corridor Energy

US, EU support Southern Gas Corridor   US-EU Energy Council reiterated its strong support for the opening of the Southern Gas Corridor, including the construction of the Trans-Adriatic Pipeline (TAP), said in a statement of the US-EU Energy Council. Council underscored the

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NDFI, KEXIM ink MoU Investment

NDFI, KEXIM ink MoU National Development Fund of Iran (NDFI) and the Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM) have signed a memorandum of cooperation. During the visit of South Korean president

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Iran Oil Show 2016 kicks off Energy

Iran Oil Show 2016 kicks off The 21st International Oil, Gas and Petrochemical Exhibition started work here Thursday for four days. Near 2,000 companies from Iran and 38 world countries have attended Iran Oil Show this year.

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Turkmenistan should focus on developing Caspian oil fields Energy

Turkmenistan should focus on developing Caspian oil fields   Turkmenistan's President Gurbanguly Berdimuhamedov has emphasized the necessity of accelerating the work on developing the country's large oil and gas fields and paying special attention to the Turkmen sector of the Caspian

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Renewable Energy Report For Russia Energy

Renewable Energy Report For Russia Other than large hydroelectric plants in Russia, all other forms of renewable energy account for less than 1% of power generation capacity. Moscow-shutterstock_400971697-1-600x381These metrics come from Russia Direct, which reports when it comes to wind, solar

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Iran launches talks with 4 states over oil swap Energy

Iran launches talks with 4 states over oil swap Deputy oil minister has reported on negotiations with Turkmenistan, Azerbaijan, Kazakhstan and Russia on oil swap resumption. Speaking at the conference on development of Iran-China economic trade cooperation

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Gazprom executives to visit Tehran Energy

Gazprom executives to visit Tehran A 30-strong delegation of Russia’s Gazprom Company, the world’s largest gas exporter, will soon travel to Tehran to launch fresh round of talks with Iran. Headed by Deputy Chairman of Gazprom's Board

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Iran-Turkmenistan daily truck traffic to soar Investment

Iran-Turkmenistan daily truck traffic to soar Road minister has voiced Tehran’s readiness to provide grounds for promotion of daily truck traffic between Iran and Turkmenistan. Speaking at a meeting in Tehran with Turkmenistan’s Foreign Minister Raşit Öwezgeldiýewiç Meredow,

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SOCAR to purchase gas from Russia Energy

SOCAR to purchase gas from Russia Natural resource rich Azerbaijan decided to purchase gas from neighboring Russia in order to maintain oil production. Azerbaijan's state-owned energy company SOCAR submitted a proposal to Russian Gazprom to purchase from 3 to 5 billion

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Southern Gas Corridor to attract about 7B dollar Energy

Southern Gas Corridor to attract about $7B The Southern Gas Corridor project, designed to supply Caspian gas to Europe, intends to attract investments worth $7 billion. The remark was made by Rovnag Abdullayev, President of Azerbaijan's state-owned energy company SOCAR on

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Ankara, Baku to become sister cities Tourism

Ankara, Baku to become sister cities Baku and Ankara can become sister cities soon, as the Ankara City Municipality decided to sign relevant protocols, Turkish Haberlerankara newspaper reports. The decision aims to further strengthen the relations between Azerbaijan and Turkey. Ankara, Turkey's

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EU eyes Turkmenistan as potential gas supplier Energy

EU eyes Turkmenistan as potential gas supplier European countries view hydrocarbon-rich Turkmenistan as one of the main suppliers of natural gas. The remark was made by Head of the OSCE Center in Ashgabat Ivo Petrov during the meeting with Turkmen President

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Dutch logistics company eyeing Azerbaijani market Investment

Dutch logistics company eyeing Azerbaijani market The Dutch logistics service company Royal Wagenborg is considering the possibility of entering the Azerbaijani market, Fabio Giurato, director of the company's branch in Kazakhstan, said in an exclusive interview with Trend May 16. Giurato

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Iran has the largest world oil tankers company Energy

Iran has the largest world oil tankers company   Managing Director of National Iranian Tanker Company (NITC) Ali Akbar Safaei said on Monday that Iran has the largest world oil tanker company with a capacity of more than 15.5 million tons.

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Int’l gas congress opens in Turkmenistan Energy

Int’l gas congress opens in Turkmenistan   Opening of the 7th international Turkmenistan Gas Congress 2016 (TGC 2016) has been held at the congress center of Turkmenistan's Avaza. The organizers of the event are Turkmengaz state concern and the British Summit Trade

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Caspian Sea Yard to Build Persian Gulf Jack Ups Investment

Caspian Sea Yard to Build Persian Gulf Jack Ups   The Red Barricades shipyard in Astrakhan, Russia, has finalized a contract for the construction of five $200 million jack up rigs for Iranian firm SADID Industrial Group.  SADID and Red Barricades said that

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Zero tariff for 8 Iranian export products Investment

Zero tariff for 8 Iranian export products   Based on an agreement between Tehran and Eurasian Economic Union, the exports tariff for Iran to export eight products to EEU members was eliminated. EEU includes Russia, Belarus, Kazakhstan, Kyrgyzstan and

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Azerbaijan and China: Greater integration Investment

Azerbaijan and China: Greater integration Rapidly expanding trade and nascent investment promise stronger links between China, the world’s second largest economy, and Azerbaijan, an energy rich country on the Caspian basin. Economic ties between Azerbaijan and China play a large role

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Kazakhstan plans to build new oil terminal Energy

Kazakhstan plans to build new oil terminal Kazakhstan plans to construct an oil terminal in its Kuryk port in the future, the Kazakh National Transport and Logistics Center told Trend May 23. However, no timeframe of the terminal's construction was revealed. Transshipment

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INOTEX 2016 presents IT and ICT achievements Investment

INOTEX 2016 presents IT and ICT achievements Iran, Russia, Belarus, Ukraine and Greece introduced their achievements in a meeting on IT and ICT technology exchange held on the sidelines of 2016 INOTEX Exhibition.   Speaking on the sidelines of

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EBRD Mulls SGC Loan Energy

EBRD Mulls SGC Loan EBRD Mulls SGC Loan The European Bank for Reconstruction and Development (EBRD) is ready to support the southern gas corridor (SGC) project, its president Suma Chakrabarti told reporters in Baku May 25. Chakrabarti said the EBRD has firmly committed

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Emirates Aquatech eyes caviar exports to EU Fishing

Emirates Aquatech eyes caviar exports to EU   Abu Dhabi-based Emirates Aquatech is targeting caviar production of 35 tonnes per year as it awaits clearance from the European Union to export the prized product to Europe and increase its market share. “The

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Traces of extinction Ecosystem

Traces of extinction Tigers used to occur across Asia as far west as Turkey. Isolated populations of tigers developed into eight different subspecies. Three generations ago, the tiger ranged from the Caucasus and Turkey through the southern Caspian region

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ARETI shows interest in further cooperation with Turkmenistan Investment

ARETI shows interest in further cooperation with Turkmenistan   ARETI International Group of companies is interested in joining projects implemented in different spheres of Turkmenistan’s economy. During his meeting with President Gurbanguly Berdimuhamedov, Chairman of the ARETI International Group of Companies Igor

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Iran ready to join European power grid Energy

Iran ready to join European power grid   Iran’s Energy Minister Hamid Chitchian has announced the country’s readiness to join the electricity grid of Europe. Speaking at a meeting with Energy Charter Secretary General Urban Rusnák in Tehran,

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Iran resumes crude oil swap Energy

Iran resumes crude oil swap Head of North Oil Terminal Hamid Reza Shahdoust said on Wednesday that National Iranian Oil Company has obliged Nikoo Company to fulfill preparatory works for resuming crude oil swap in shortest possible time.

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In Iran, Modi projects Vajpayee’s vision Investment

In Iran, Modi projects Vajpayee’s vision The quantum leap for Indian diplomacy that was the Chabahar agreement, was seeded by NDA1 and nurtured by NDA2, while the two UPA administrations in between failed to make much progress The recent agreement between

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Armenians in Dhaka History

Armenians in Dhaka   Turkey seems to have a burlesque history of genocide denial. On June 2, the German Parliament voted to recognise the 1,915 killings

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Turkmenistan to host 3rd Iran-Project expo Investment

Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

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Azerbaijan realizes profitable railway projects Investment

Azerbaijan realizes profitable railway projects   Azerbaijan and Iran are considering three options for financing construction of the Rasht-Astara (Iran) railway section, Head of Azerbaijan Railways CJSC Javid Gurbanov said while talking to ANS TV channel. Being a part of the North-South

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In Iran, Modi projects Vajpayee’s vision Investment

In Iran, Modi projects Vajpayee’s vision   The recent agreement between Iran, Afghanistan and India to build the Chabahar port on the Iranian coast and link it with the existing rail and road network and related industrial corridor into

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Iran, Russia to ramp up nano cooperation Investment

Iran, Russia to ramp up nano cooperation   INIC head Saeid Sarkar said Sun. Iran and Russia reached agreement on 16 cases for nano cooperation in the 3rd Iran-Russia High Commission on Nanotechnology Cooperation held in Moscow earlier this

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Caspian Shipping Company commissions new vessels Investment

Caspian Shipping Company commissions new vessels Azerbaijan Caspian Shipping CJSC has put into commissioning four dry cargo vessels that will operate beyond the pale of the Caspian Sea. A ceremony to raise Azerbaijan`s state flag in the “Vagif”, “Sabir” “Huseyn Cavid”

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Caspian Shipping Commissions 4 Vessels Investment

Caspian Shipping Commissions 4 Vessels Azerbaijan Caspian Shipping Company has put into commissioning four dry cargo vessels that will operate beyond the pale of the Caspian Sea, reports AzerNews.   An event to raise Azerbaijan`s state flag in the “Vagif”, “Sabir” “Huseyn

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Turkmen geologists to focus on oil fields search Energy

Turkmen geologists to focus on oil fields search   The search for oil fields is currently one of the priority directions of geological exploration work of "Turkmengeology" - the government's organization in the field of geological exploration, said the message of

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Tehran-Astrakhan direct flight starts operation Investment

Tehran-Astrakhan direct flight starts operation Deputy-minister of industry, mines and trade has said beginning from early June, flights has been operated directly between Tehran and Russian Caspian port city of Astrakhan. Valiollah Afkhamizadeh told reporters on Saturday

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Kazakhstan to resume oil production on Kashagan field Energy

Kazakhstan to resume oil production on Kashagan field   Oil output at Kazakhstan's Kashagan field is expected to start in October 2016. Kazakhstan's Prime Minister Karim Massimov gave the relevant instruction to Energy Minister Kanat Bozumbayev and KazMunaiGas national company during the

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Iran, Azerbaijan discuss cultural ties cultural

Iran, Azerbaijan discuss cultural ties   The Republic of Azerbaijan’s Ambassador to Iran Bunyad Huseynov met Iran’s Minister of Culture Ali Jannati to discuss bilateral issues of concern. There are several cultural points that the two countries share, such as the poems

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Tehran, Kiev after closer trade ties Investment

Tehran, Kiev after closer trade ties   Deputy industry minister, at a meeting with Ukraine’s ambassador to Iran, called for expansion of trade exchanges between Tehran and Kiev. Valiollah Afkhamirad, who heads Iran's Trade Promotion Organization (TPO), voiced

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Turkmenistan, China eye further co-op Investment

Turkmenistan, China eye further co-op   Turkmenistan and China have confirmed their readiness to further enhance economic partnership in view of its enormous potential, national interests and a common vision for the future of the Asian region, the Turkmen government reported

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Barter Enables Iran-Turkmenistan Gas Trade Energy

Iran will import gas worth $30bn from Turkmenistan over the next ten years in exchange for engineering goods and services of the same value. Oil ministry representative Mohammad Taqi Amanpour said June 27 that the two countries had finalized $2.5bn of

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SOCAR's Azneft to introduce SCADA system Energy

SOCAR’s Azneft production unit is planning to develop SCADA (supervisory control and data acquisition) system to create virtual form of the oil and gas fields of the country, SOCAR reported. SCADA system will allow visualization of oil and gas fields operations,

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Iran to treble gas exports to Armenia Energy

TEHRAN, Jul. 02 (MNA) – NIGEC managing director has reported on the reached agreement with Armenia to bring about a threefold increase in Iran’s gas exports to the Caucasus region country. Following an earlier power deal between

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Illegal banking activity ceased in Azerbaijan Investment

Parabank’s Sumgayit branch was operating outside the branch without proper permit for the activity. A structural division under Parabank JSC’s Sumgayit branch was revealed in Azerbaijan as a result of the monitoring conducted by the country’s Financial Market Supervisory

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Azerbaijan-Belarus business forum to be held in Baku Investment

Azerbaijani-Belarusian business forum will be held July 15 in Baku, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said July 1. Nearly 10 Belarusian companies will take part in the business forum, organized by Azerbaijan’s Economy Ministry and AZPROMO. Trade turnover between

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Iran, Turkmenistan to launch banking ties Investment

Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

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Iran, Russia reach new banking agreement Investment

Iran, Russia reach new banking agreement   Officials of Iranian and Russian central banks have reached an accord over launching broker relationships between Russia’s major banks and their Iranian counterparts. On the sidelines of the XXV International Financial

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Gilan's standardized exports up by 43 percent Investment

Gilan's standardized exports up by 43%     Head of exports quality evaluation office of Gilan Standardization Bureau said that standardized exports showed 43% growth in value in the first three months of the current Iranian calendar year (beginning on March 20).

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Iran joins Asia-Pacific RoboCup committee

TEHRAN, Jul. 02 (MNA) – Iranian RoboCup Committee Chairman Morteza Musakhani has been selected as Iran’s representative in the executive committee of Asia-Pacific Robocup competitions. “Holding the 11th edition of RoboCup IranOpen competitions in Tehran, gaining valuable

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Iran improves journal ranking on dentistry

TEHRAN, Jul. 02 (MNA) – Iran has surpassed Switzerland and Canada in SJR (Scientific Journal Rankings) 2015 on dentistry and is currently ranked 12 in the world. Saeid Asgari, Secretary of Iran’s Oral Health Council of the

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Iran, Turkmenistan to launch banking ties Investment

Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

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Iran recommences petchem exports to Britain Energy

Iran resumed petrochemical exports to Britain sending a consignment to the country for the first time after lifting of the international sanctions, Mehr news agency reported on Sunday. According to the report, before international sanctions imposed on Iran, European countries

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Fire hits Iran’s petrochemical complex Energy

The incident took place at the Bou-Ali-Sina Petrochemical plant. No causality has been reported officially, but some Iranian media outlets, including Mehr news agency, cited to local source that two people were killed. The financial loses are reportedly huge. Bou Ali Sina

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IDEA holds next environmental campaign Environment

IDEA Public Union, which is aimed at promoting public awareness of environmental issues, organized another beneficial campaign in the country. This time the public union focused on cleaning the largest river in Transcaucasia -- the Kura, which is of great importance

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IDEA holds next environmental campaign Environment

IDEA holds next environmental campaign   IDEA Public Union, which is aimed at promoting public awareness of environmental issues, organized another beneficial campaign in the country. This time the public union focused on cleaning the largest river in Transcaucasia -- the Kura,

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China’s New Silk Road Has Beijing Looking West Investment

China’s New Silk Road Has Beijing Looking West Beijing is becoming increasingly aware that although China has become an economic giant, it risks being connected with the world only through trade. To expand its international influence, China needs new political concepts

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Shell shutting down office in Azerbaijan Energy

Shell shutting down office in Azerbaijan   Shell Business Development Central Asia B.V., a subsidiary of the Royal Dutch Shell plc, announced the liquidation of its office in Azerbaijan, the Azerbaijani Taxes Ministry’s ‘Vergiler’ newspaper reported July 8. In a comment to

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