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Fresh oil explorations in Caspian Sea Energy

TEHRAN, Jun. 24 (MNA) – A trilateral agreement has returned exploration teams of the Oil Ministry to Caspian Sea blocks. The first oil field in Caspian Sea deep waters was discovered four years ago;

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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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Caspian Sea Region: Legal Issues Legal Issues

CASPIAN SEA ISSUES Questions surrounding the legal status of the Caspian Sea have hindered--but not stopped--further development of the Sea's mineral resources. Since the fall of the Soviet Union in 1991 led to the independence of three new countries

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Iran prepared for oil swap in Caspian Sea Energy

TEHRAN, Feb. 10 (MNA) – An official of Iranian Oil Terminals Company (IOTC) has said operation of new oil storage facilities will improve Iran’s oil swap capacity. Hamid Reza Shahdoust who was talking to reporters on Wednesday

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Once more on the Trans-Caspian Gas Pipeline Energy

Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline

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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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Turkey looks to boost trade ties with Kazakhstan Investment

Turkish Economy Minister Mustafa Elitas has said the Middle Corridor, a proposed transportation network extending from the Caspian Sea through Turkey and Azerbaijan to Central Asia and China, will boost economic recovery in the region, Anadolu agency reported. Addressing the 9th

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THE HISTORY OF THE CASPIAN SEA History

The Caspian Sea is situated on the border of Europe and Asia. It is bordered with the Russian Federation, Kazakhstan, Turkmenistan, Azerbaijan and Iran. The Caspian is the largest inland body of water in the world. Since the ancient

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TransCaspian 2016 scheduled for May Investment

TransCaspian 2016, the 15th Anniversary International Transport, Transit and Logistics Exhibition, will take place from 11 - 13 May at Baku Expo Centre. This year, the exhibition is marking its 15th anniversary. Over the years, the exhibition has established itself as

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Baku to host 6th Road and Traffic expo Investment

Road and Traffic 2016, the 6th Caspian International Road Infrastructure and Public Transport Exhibition, will be held at Baku Expo Center on May 11-13. Road&Traffic is the region’s leading trade event bringing together professionals in road and tunnel planning and construction,

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Russian interest in East Med and Cyprus gas Energy

In a week that saw Russia pulling some of its armed forces out of Syria and signs of increasing cooperation between Russia and the US in the region, it is important to examine Russian interest in energy, and particularly gas,

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Iran’s Rights in the Caspian Legal Issues

Hoshang Tale, Ph D (Economics), Consultant Economist & Researcher Before Peter the Great (1682- 1752) played his political games in the Caspian region, this Sea was under the sole control of Iran and was known as the Sea of Mazandaran after

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The 28 Best Trips of 2016 Tourism

Each year, we send our editors and writers on a mission to find the destinations on the vanguard of the travel. The major takeaway from our 28 favorites of 2016? The entire world is getting more adventurous.

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Iran using Asian help to revamp refineries Energy

Iran using Asian help to revamp refineries Iran said on Friday that it is working with Asian investors and builders to revamp several of its key refineries. Abbas Kazemi, the managing director of the National Iranian Oil Refining and

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New fishing regulations for 2016 Fishing

FRANKFORT — It is no longer getting dark at dinner time. We are beginning to have days cresting the 50 degree mark. It is enough to make you want to go fishing. Before you cast a line, however, you need to

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Turkmen parliament adopts trading activity law Legal Issues

Trend: Parliament of Turkmenistan approved and adopted the bill “On Trading Activity”, according to the Turkmen government’s message issued March 28. The bill was passed at a parliament meeting, during which the MPs stressed that systematic work on creation of goods surplus

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Kashagan to expand and extend first production stage Investment

ASTANA – The Kashagan development project operator – North Caspian Operating Company (NCOC) – is planning to substantially expand and extend the first production stage – the Experimental Programme (EP). The operator company has developed an AEP project – Additional

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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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Caspian states decrease oil products’ export to Iran Energy

Trend: Iran’s oil products imports from Caspian littoral states decreased significantly in first quarter of 2016, the official statistics indicate. According to Iranian Ports and Maritime Organization, the unloading of oil products at Iran’s Caspian ports decreased significantly. Iran’s Neka, Anzali, Fereidoon Kenar

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Doha oil meeting helpful, yet not ideal Energy

The upcoming Doha meeting on oil production will yield positive results on prices, yet it is far from an ideal move, said Mohammad Ali Khatibi, former Iranian representative in OPEC. The reason is that the meeting is going to focus on

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full text of Treaty of Gulistan (1813) History

full text of Treaty of Gulistan (1813) In the name of Almighty God With the intention to cease horror of the war and re-establish steady peace and well-wishing friendship neighborhood shared by Russia Empire and the State of Iran since the

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full text of Treaty of Turkmenchay (1828) History

full text of Treaty of Turkmenchay (1828) Treaty of Turkmenchay (1828) ARTICLE I His Majesty the Russian Emperor and His Majesty the King of Iran have agreed to eternal peace, friendship and full agreement between them, their heirs to the throne,

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Gilaks People Caspian geography and anthropology

Gilaks People The Gilani people or Gilaks  are an Iranian people native to the northern Iran province of Gilan. Gilaks, along with the closely related Mazandarani people, comprise part of the Caspian people, who inhabit the southern

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Caspian European Club reorganizes activity Investment

Trend: According to the decision of the CEIBC's senior management, the Caspian European Club (Caspian Business Club) will shift to a closed format of activities from April 11, 1st Vice-Chairman and CEO of the Caspian European Club (Caspian Business Club) Telman

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Europort to Partner IRANIMEX Investment

Leading maritime exhibition offers gateway to maritime and offshore opportunities in Iran   Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the

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Ukraine formally joins Trans-Caspian Int’l Transport Route Investment

Ukraine formally joins Trans-Caspian Int’l Transport Route Ukrainian Railways Company Ukrzaliznytsia is drafting a proposal for joining the project of transporting containers via Trans-Caspian International Transport Route connecting Europe with China via Azerbaijan and Kazakhstan. The company has been holding respective

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Iran, Kazakhstan ink power deal Energy

Iran, Kazakhstan ink power deal Iran and Kazakhstan have signed three powerhouse building contracts worth 600 million dollars. On the verge of Kazakh president’s visit to Tehran, the two countries sealed an agreement with Eurasia Invest Group

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At home, despite the heat Ecosystem

At home, despite the heat Migratory birds including flamingoes and pelicans have stayed put at the famous Chilika Lake in Odisha despite the sweltering heat, forest officials said. “Around 50,000 birds have been spotted in the 15.59 sq-km Nalabana

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Master of its domains Investment

Master of its domains Much is made about the importance of oil to the Russian economy, but Russia is a global energy powerhouse that’s much more than a petro-state By Scott L Montgomery Russia is not what you think. Most

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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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U.S. calls for strong economic ties with Azerbaijan Investment

U.S. calls for strong economic ties with Azerbaijan The U.S. State Department has voiced the necessity to strengthen the economic ties between Baku and Washington. "We discussed the issues related to trade, finances, agriculture, combating corruption," Kurt Tong, the Principal Deputy

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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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Tehran, Moscow to run water exploration program Hydrology

Tehran, Moscow to run water exploration program Deputy energy minister has said exploration of deep waters in Iran will be carried out in partnership with Russia. Iranian Deputy Minister of Energy Sattar Mahmoudi made the remarks noting “on the basis of studies

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Iran, Azerbaijan to step up ICT coop Investment

Iran, Azerbaijan to step up ICT coop In a meeting between Iran's ICT minister and Azeri counterpart in Baku, the two sides stressed cooperation in the fields of communication, satellites, post and post bank. Mahmoud Vaezi, who is

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Empty Gazpromises Energy

Empty Gazpromises Much of the debate concerning the Nord Stream II pipeline centres on whether the project should be seen as a commercial undertaking, or as an effort to lock in Gazprom’s dominance in Europe and deal a blow to Ukraine. 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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How to Judge the New Generation of Caviar Fishing

How to Judge the New Generation of Caviar Have a hankering for caviar? A decade ago, buying the black pearls was straightforward. Whether Russian or Iranian, almost all sturgeon eggs came from the Caspian Sea, and even novices knew that beluga

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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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Tatarstan interested in trade with Iran Investment

Tatarstan interested in trade with Iran A Chamber of Commerce official of Tatarstan, a republic of Russian Federation has voiced the republic’s interest in trade with Iran. This official is the first deputy-head of the Chamber of

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The Ultimate Caviar Tasting Experience Fishing

The Ultimate Caviar Tasting Experience In 1991, co-founders Hossein Aimani & Amy Arrow-Aimani set out to bring the best caviar from around the world to the United States. Over the course of the last 25 years, Paramount Caviar has been guided

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Iran to export agricultural products to Russia Investment

Iran to export agricultural products to Russia Deputy agriculture minister said Iran’s agricultural and fishery products will be deployed to Russia via Tehran-Astrakhan direct flights. Iranian Deputy Minister of Agriculture Hassan Salehi announced the launch of direct

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Intl. rail expo, conference kick off Investment

Intl. rail expo, conference kick off   The 4th International Exhibition of Rail Transportation, Related Industries and Equipment of Iran, dubbed RAILEXPO 2016, and the first international conference titled “Rail-Ports and Rail-Oil” opened in Tehran on Sunday. Representatives

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Iran to export 90k tons fisheries Fishing

Iran to export 90k tons fisheries An official at Iran Fisheries Organization has estimated that export volume of fishery products will reach 90 thousand tons in the current Iranian year (began March 20). Isa Golshahi, Iran Fisheries

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Baku to the future Political and military events

Baku to the future   NEXT month around two dozen Formula One racecars will speed through the gleaming centre of Baku, the capital of Azerbaijan. They will zoom along the shore of the oil-rich Caspian Sea, past five-star hotels 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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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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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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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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Total Seeks Better Terms for Baku’s No 2 Field Energy

Total Seeks Better Terms for Baku’s No 2 Field   Azerbaijan has extended the deadline for French major Total to submit the development plan for the first phase of the country’s second biggest gas field, Absheron, which contains 350bn m3 of gas

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Azerbaijan – Oriental Express Hub? Energy

Azerbaijan – Oriental Express Hub?    With the first Mumbai-to-Moscow train scheduled to chug through Azerbaijan this August, railways seem set to become the new oil for the Caspian Sea nation.   Better known for a wealth of energy and

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Iran, Russia in talks over electricity exchange Energy

Iran, Russia in talks over electricity exchange   A new report says Iran and Russia are in final talks over electricity exchange during high seasons. Payam Baqeri, head of Export Committee of the Iranian Power Industry Union, has told the Azerbaijan

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Caspian Overview: Azerbaijan Talks with Gazprom Energy

Caspian Overview: Azerbaijan Talks with Gazprom Azerbaijan’s energy monpoly Socar produced 5.4% less gas in the first five months of the year than in the same period of 2015. Output stood at 2.65bn m3, according to Socar’s latest figures, of

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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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Russia supports Iran’s SCO membership Political and military events

Russia supports Iran’s SCO membership Russian officials have reiterated support for Iran’s membership in the Shanghai Cooperation Organization (SCO) and have emphasized that the process for Iran’s membership in the Organization need to be expedited.   Bakhtiyer Khakimov, Russia’s presidential

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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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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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Daimler vows to take China off Iran roads Investment

Daimler says its trucks division will start the deliveries of Mitsubishi Fuso brand in Iran later this year.  The German carmaker and Iran’s Mammut Group signed a distribution agreement for Fuso trucks, especially in the light-duty segment, back in January as

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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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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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Will Iran Scare Away Big Oil Once Again? Energy

Comments from the head of the National Iranian Oil Company suggest that Iran wants the old buyback contract back, a potentially destructive move for the oil majors. Iran's hardliners object to the introduction of the new IPC as an alternative to

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Azerbaijani currency rate on July 11 Investment

Official exchange rate of the Azerbaijani manat against the US dollar was set at 1.5487 manats for July 11, said Azerbaijan's Central Bank July 8. Thus, manat's rate against the US dollar decreased by 0.2 percent compared to July 8. The

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Sukhoi Su-30 Political and military events

Sukhoi Su-30   The Sukhoi Su-30 (Cyrillic: Сухой Су-30; NATO reporting name: Flanker-C) is a twin-engine, two-seat supermaneuverable fighter aircraft developed by Russia's Sukhoi Aviation Corporation. It is a multirole fighter for all-weather, air-to-air and air-to-surface deep interdiction missions. The

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T-90 + pic Political and military events

T-90   The T-90 is a third-generation Russian battle tank that entered service in 1993. The tank is a modern variation of the T-72B and incorporates many features found on the T-80U. Originally called the T-72BU, but later renamed

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Exports of Razavi Food Company soar Investment

Exports of Razavi Food Company soar   Supervisor of Razavi Food Products Company has reported a 49-percent rise in exports of the company’s products within the first three months of the current year (began March 20). In an

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Heavy water marketed in EU, US science

Heavy water marketed in EU, US   Head of AEOI has said his organization has faced little difficulty in marketing heavy water produced during its nuclear activity, with EU and US being the major customers of Iran’s heavy water.

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Iran after creating large-scale exporting firms Investment

Iran after creating large-scale exporting firms   Iran’s deputy industry minister has announced that the country is seeking to establish major exporting companies. Deputy Minister of Industry, Mine and Trade Valiollah Afkhami Rad said there exists no doubt that

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Caspian Overview: BP's Caspian Gas Energy

Caspian Overview: BP's Caspian Gas   Azerbaijan produced about 9.363bn m³ of commercial gas in the first half of this year, down 8.8% year-on-year, of which BP-operated fields counted 71.6%, a top energy official told NGE. BP is the operator of the Caspian Sea’s

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EBRD Considers TAP Funding Energy

EBRD Considers TAP Funding   The European Bank for Reconstruction and Development (EBRD) has confirmed that it started talks to provide direct financing of €500mn and attract €1bn from banks for the Trans Adriatic Pipeline (TAP), which will bring Azeri gas from

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Iran self-sufficient in wheat for 2nd year Agriculture

Iran self-sufficient in wheat for 2nd year   Iran expects its state-sponsored purchases of wheat from domestic farmers to surpass 10 million tonnes this year, Agriculture Minister Mahmoud Hojjati says. Harvests in the 2016/2017 crop season are on track to make

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Iran, Russia want broader ICT cooperation science

Iran, Russia want broader ICT cooperation   Iran and Russia have called for stronger measures to promote cooperation in the area of telecommunications and cyberspace. This was expressed in a meeting between Iran’s Minister of Communications and Information Technology Mahmoud

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Russian industrial giant seals deal with Iran Investment

Russian industrial giant seals deal with Iran   Russia’s Technopromexport has become the country’s first enterprise to win a major industrial deal from Iran after the removal of the sanctions against the country.  Technopromexport, part of Russia's

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Russia may supply components for Iranian satellites science

Russia may supply components for Iranian satellites   Components for Iranian satellites may be produced by Russia’s Roscosmos space corporation, said Russian Communications Minister Nikolai Nikiforov after meeting with Iranian counterpart Mahmoud Vaezi in Moscow. “Iran shows a great

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Russian, Iranian nuclear officials hold talks science

Russian, Iranian nuclear officials hold talks    Nikolai Spassky, Rosatom’s deputy head, and Iranian nuclear chief Ali Akbar Salehi on Wednesday discussed ways to accelerate implementation of joint nuclear projects in Iran, including construction of new nuclear power plants

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Iran, Azerbaijan ink 6 MoUs in Baku Investment

Iran, Azerbaijan ink 6 MoUs in Baku The Islamic Republic of Iran and the Republic of Azerbaijan signed six memoranda of understanding in Baku on Sun. to further deepen ties between the two countries. In the ceremony

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Mastercards now available in Iran Investment

Mastercards now available in Iran   Iran’s ICT Minister Mahmoud Vaezi has announced that MasterCard’s international credit cards are now available inside the country. Speaking during a ceremony to inaugurate infrastructure projects of Iran Post, Iranian Minister of

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Iran ready to swap oil with Russia Energy

Iran ready to swap oil with Russia   Oil Minister Bijan Zanganeh has reported on negotiations between Iran and Russia for oil swap. Speaking at a live IRIB program, Zanganeh said several domestic and foreign companies have launched

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Pakistan, largest buyer of Iranian LPG Energy

Pakistan, largest buyer of Iranian LPG   NIORDC managing director has cited Pakistan as the biggest regional customer of Iran’s Liquefied Petroleum Gas (LPG). Seyyed Naser Sajjadi said the need for swap of oil products with Caspian littoral

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Iran, Armenia to boost electricity exchange Energy

Iran, Armenia to boost electricity exchange   An official has announced that Iran-Armenia electricity exchange volume will become trebled upon completion of the third transmission line. Vice President of Iran Power & Water Industries Equipment & Services Export

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Iran, Russia ink 1 billion dollar oil rig deal Energy

Iran, Russia ink 1 billion dollar oil rig deal   Russian shipbuilder Krasnye Barrikady and an Iranian company have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf.  The deal

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Vitol to buy Iran, Russia swap oil Energy

Vitol to buy Iran, Russia swap oil   An oil official has announced that Vitol S.A. of Switzerland is likely to purchase Russian crude to be swapped through Iran’s largest oil terminal in the Caspian Sea. Despite the

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Socar Joins New Adriatic Pipe Project Energy

Socar Joins New Adriatic Pipe Project   Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The

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Iran pursues rail link to Caucasus states Investment

Iran pursues rail link to Caucasus states   Deputy road minister has announced that Qazvin-Rasht railroad, upon completion, will connect Iran to Caucasus countries. Ali Nourzad, Iran's Deputy Minister of Roads and Urban Development, deemed Qazvin-Rasht railway as

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Is Putin the new Stalin? Political and military events

Is Putin the new Stalin? ‘Tom’ thinks Vladimir Putin is the new Josef Stalin. As he’s never been to Russia, his views surely reflect the power of a Western media narrative which continuously demonizes the Russian President. Last week, an optician from

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Iran, Italy to coop. on Tehran-Chalus highway Investment

Iran, Italy to coop. on Tehran-Chalus highway   Deputy road minister has announced Iran’s collaboration with an Italian company for the architectural design of Tehran-Chalus highway. Speaking at a meeting with representatives of the Italian company responsible for

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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

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Cuba to seek oil imports from Russia, Iran Energy

Cuba to seek oil imports from Russia, Iran   Cuba is looking to Russia and Iran to make up for dwindling oil supplies from close ally Venezuela. The island is keen to replenish oil supplies as it works to revive foreign tourism

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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

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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

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Iran to Import Salmon From Russia Fishing

Iran to Import Salmon From Russia   Tehran will purchase salmon from Russia, a high-ranking Iranian official announced. MOSCOW (Sputnik) – Iran is going to import salmon from Russia, country’s Deputy Agriculture Minister Ali Akbar Mehrfard said on Wednesday. "Some species of

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Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Energy

Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Russia supports year-long deal to stabilize oil, its OPEC representative tells Interfax Oil prices rebounded from a new one-month low Tuesday after further talk of cooperation to cap output among the world’s largest oil exporters. Russia

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Kashagan oil maybe transported via Azerbaijan Energy

Kashagan oil maybe transported via Azerbaijan   Energy-rich Kazakhstan may start oil export from its large Kashagan field through Azerbaijan in 2017.  Kazakh Energy Minister Kanat Bozumbayev said that the country does not exclude the possibility of transporting oil through Azerbaijan,

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New Hotel and Tourism Investment Conference for Iran Tourism

New Hotel and Tourism Investment Conference for Iran   Iran, the 18th largest economy in the world, will host the first Iran Hotel and Tourism Investment Conference (IHTIC), a top-level gathering of international investors, owners, operators, developers and government officials. In addition to

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Ashgabat, Kuala Lumpur to expand business ties Investment

IIKSS- Turkmenistan and Malaysia aim at enhancing of the mutually beneficial cooperation in trade, energy sector, as well as petrochemical, gas chemical, textile, food sectors, the Turkmen state news agency (TDH) reported. Meanwhile, the Turkmen President Gurbanguly Berdimuhamedov

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Moscow says Russia-Azerbaijan ties remain stable Investment

IIKSS - Bilateral relations between Russia and Azerbaijan remain continue to be stable, Maria Zakharova, spokesperson for Russia’s Foreign Ministry, told a briefing on Wednesday.  “These ties were established by our heads of state, backed by relevant documents,

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Saudi agency to offer $500 mn loan for TAPI project Energy

IIKSS - Saudi Arabia-based Islamic Development Bank had agreed to provide USD 500 million loan to part-finance the USD 15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project. "An agreement to provide for the Islamic Development Bank (IsDB)

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Iran offers incentives for foreign investment Investment

IIKSS – Iranian Finance and Economic Affairs Minister Ali Tayyebnia said Iran welcomes foreign investment and offers investors with a variety of incentives, IRNA reported. Speaking at the 20th general meeting and conference of Asia-Pacific Central Securities Depository

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Azerbaijan exports 19M tons of oil products Energy

IIKSS - Azerbaijan exported 19,098,957 tons of oil products in January-November of this year, according to the State Customs Committee. The official figures suggest that the total value of the exported oil products made $5,896 million. The country

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Railway to connect Iran to Central Asian states Investment

IIKSS - RAI deputy has reported on negotiations for launching railroad connection among Iran, Kazakhstan, Turkmenistan and Tajikistan. Mir-Hassan Mousavi, Deputy of Islamic Republic of Iran Railways (RAI) made the remarks saying “the talks have kicked off in

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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

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Iran-Azerbaijan Rail Linkup in a Month Investment

IIKSS - The railroads of Iran and Azerbaijan will be connected in a month, according to Minister of Communications and Information Technology Mahmoud Vaezi. The two country’s rail networks will be linked via a 10-km route connecting the

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Azerbaijan’s GDP increases Investment

IIKSS - The volume of Azerbaijan’s GDP reached 5.23 billion manat (official exchange rate on Feb. 18 is 1.7352 AZN/USD) in January 2017 that is by 0.8 percent more than in the same period of 2016, according to

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Azerbaijan, Qatar sign 6 documents Investment

IIKSS- A ceremony to sign documents between Azerbaijan and Qatar has been held with participation of President of the Republic of Azerbaijan Ilham Aliyev and Emir of the State of Qatar Sheikh Tamim Bin Hamad Al-Thani. Qatari Minister

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Kazakhstan to develop banking ties with Iran Investment

IIKSS- The Vice-Governor of Iran’s Central Bank for Foreign Exchange Affairs, Gholamali Kamyab, met with Kassymbek, the Kazakh Minister of Investment and Development on Thursday in Astana. Gholamali Kamyab, the Vice-Governor of Iran’s Central Bank for Foreign Exchange

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