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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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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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Turkmenistan connects oil output growth with Caspian Sea Energy

Ashgabat, Turkmenistan, Feb. 19 By Huseyn Hasanov– Trend: Turkmenneft State Concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, Turkmen Oil and Gas Ministry said. Turkmenistan’s sea resources are estimated at 12 billion tons of oil

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Huge jump in Russian black caviar exports Fishing

The export of Russian black caviar has tripled in the first eleven months of last year compared with the same period of 2014, the Russian Ministry of Agriculture reported on Friday. Read more about 50 tons of black caviar, and exported 4.71

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Turkmenistan discussing TAPI pipeline construction pace Energy

By Huseyn Hasanov – Trend: A report on the construction pace of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was delivered at a meeting of the Turkmen Cabinet of Ministers, the Turkmen government said Feb. 27. It is reported that the work is carried

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UK supporting implementation of Southern Gas Corridor Energy

By Rufiz Hafizoglu – Trend: The UK fully supports the implementation of the Southern Gas Corridor (SGC) project, the country’s ambassador to Turkey Richard Moore said, Turkish TGRT TV channel reported March 1. The diplomat noted that the SGC project will ensure

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Walking the line Energy

Plans for a new Euro-Caspian pipeline will solidify the west's dependence on fossil fuels and authoritarian regimes. This new documentary shows why we should stop and think. “Of course we need a different energy model,” Alberto Santoro states emphatically. “It is

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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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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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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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Turkmenistan to increase production of high-octane gasoline Energy

By Huseyn Hasanov– Trend: With commissioning alkylation units and isomerization at Turkmenbashi Complex of Oil Refineries (TCOR), it will be possible to produce additional 480,000 tons of high-octane gasoline (А-92, А-95 and А-98) per year, said the message from Turkmenistan’s Oil

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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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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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Terms of bond issuance for Southern Gas Corridor defined Energy

By Anvar Mammadov – Trend: Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a ten-year bond at seven percent yield area, Global Capital agency reported. Depending on market conditions, the SGC's bond offering under the state guarantee is forecasted

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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 announces major jump in oil exports Energy

Iran announces major jump in oil exports Iran says its oil exports have already reached around 2.2 million barrels per day (bpd) in what could highlight a major progress in the country’s post-sanctions oil industry performance. Iran’s First Vice

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Azerbaijan increases gas supply to Turkey Energy

Trend: Azerbaijan supplied 594.46 million cubic meters of gas to Turkey in January of 2016, compared to 577.36 million cubic meters in January of 2015, said the report from Turkey’s Energy Market Regulatory Authority (EMRA). This is while the country delivered 6.17

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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 aims to diversify fuel & energy industry Energy

Trend: During a meeting of the Turkmen cabinet of ministers, the country’s president, Gurbanguly Berdimuhamedov, gave a number of instructions on further implementing the adopted programs of development, modernization and diversification of the national fuel and energy industry. These steps are meant

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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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Turkmenistan eyes developing fuel and energy complex Energy

Energy-rich Turkmenistan will continue to realize programs and projects envisaging further development, modernization and diversification of the national fuel and energy complex. Such an instruction was given by President Gurbanguly Berdymukhamedov at the recent meeting of the Cabinet of Ministers, the

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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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SOCAR: SGC project shareholders plan to raise extra $2B Energy

Trend: Shareholders of the Southern Gas Corridor (SGC) project plan to raise additional $2 billion from international finance institutions to fund the project, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, told reporters April 2. Abdullayev said the funds are planned

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SOCAR hopes major oil contract to be prolonged soon Energy

Trend: Azerbaijan’s state oil company SOCAR continues talks with its partners on signing a contract to continue the development of Azeri-Chirag-Guneshli (ACG) block of oil and gas fields and hopes for speedy solution of this issue, says SOCAR President Rovnag Abdullayev. An

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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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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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Russia to build 2 tankers for Azerbaijan Investment

Russia to build 2 tankers for Azerbaijan Russia's Krasnoye Sormovo Shipyard, a subsidiary of the United Shipbuilding Corporation, and Azerbaijan's Caspian Marine Services Ltd. signed a contract for building and delivery of two RST27 tankers, said Krasnoye Sormovo Shipyard on its

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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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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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Why do we need to save the tiger? Ecosystem

Why do we need to save the tiger? The natural population of these beautiful felines that we are used to seeing under captivity is disintegrating slowly. Tigers are among the most endangered animals on earth. The natural population of

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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 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-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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SOCAR launches new oil well Energy

SOCAR launches new oil well State Oil Company of Azerbaijan (SOCAR) will increase the production level to more than 11.3 million tonnes of oil per year due to commissioning of new oil well in Oil Rocks offshore field, the

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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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First TAP pipes arrive in Albania Energy

First TAP pipes arrive in Albania The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in

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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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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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BP with partners invest $58B in Azerbaijan Energy

BP with partners invest $58B in Azerbaijan The British BP company and partners have invested $58 billion in Azerbaijan's projects over the period of its activity. The statement came from Bakhtiyar Aslanbayli, BP's regional vice president, said Apr. 25, Trend reports. He

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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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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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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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No Way Out Ecosystem

No Way Out The fate of the Caspian seal may have been decided five million years ago. The smallest earless seal on Earth, Pusa caspica, is the only mammal in the Caspian Sea. It is atop the aquatic food chain in this

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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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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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Turkmenistan looking to Belarus as a transit partner Investment

Turkmenistan looking to Belarus as a transit partner Turkmenistan views Belarus as a promising partner in a large-scale transit project, Turkmenistan President Gurbanguly Berdymukhammedov told reporters after his talks with Belarus President Alexander Lukashenko in Minsk on May 11, BelTA

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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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Iran to build 50MW wind farm in Kazakhstan Energy

Iran to build 50MW wind farm in Kazakhstan Iran has signed an agreement with Kazakhstan towards building a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast within 18 months, a report said. The agreement with

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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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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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SOCAR reveals oil output from ACG Energy

SOCAR reveals oil output from ACG Nearly 400 million tons of Azeri Light oil and more than 120 billion cubic meters of associated gas has been produced in Azeri-Chirag-Guneshli (ACG) block of fields in Azerbaijan during less than 20 years. The

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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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Moscow is preparing special beach areas Tourism

Moscow is preparing special beach areas   FOR IMMEDIATE RELEASE: This summer, in the city of Moscow, there will be arranged new beaches on the banks of rivers and lakes of the city with demarcated areas where water would not exceed 1.2

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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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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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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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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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Focus on Caucasian pit viper Ecosystem

Focus on Caucasian pit viper   Vipers are the most efficient poisonous snakes of all. Their long fangs can inject venom deep into a victim. The venom acts mainly on the blood and muscles of the prey. Vipers usually have

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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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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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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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Schneider Electric holds workshop at Baku Higher Oil School

On June 28, Baku Higher Oil School (BHOS) and Schneider Electric started a three day workshop on Contemporary Standards of Process Safety for SOCAR management, engineers and technical employees. During the three separate workshop sessions, the presentations will be made

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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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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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railroad from Russia to Iran Investment

railroad from Russia to Iran   The ambitious North-South Transport Corridor can allow us easy access to a vast region, boosting trade and diplomacy   The commencement of operations on the International North-South Transport Corridor project — connecting Bandar Abbas

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Tehran hosting 2 international exhibitions Investment

Tehran hosting 2 international exhibitions   The 8th Iran Stone Exhibition (IRSE 2016) on natural stones, mine, machinery and equipment and the 14th Kitchen, Bath, Sauna and Pool Industries and Equipment International Exhibition of Iran kicked off at Tehran’s

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Caspian Energy Grid – London Launch Energy

Caspian Energy Grid – London Launch   The Caspian Sea is the largest enclosed body of water by area and the resources to be found around in and under the Caspian Sea have been disputed for millennia. The issues

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Dry Cargo Vessel Launched in Russia science

Dry Cargo Vessel Launched in Russia   The Zhibek Zholy, a dry cargo vessel with a capacity of 7,500 dead weight tonnage (DWT), was launched July 12 in Shlisselburg, Russia, reported the Kazakhstan Temir Zholy

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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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Russia, Iran to deepen ties in aviation industry science

Russia, Iran to deepen ties in aviation industry    After conducting a thorough review, Russia reached a conclusion that it's ready to supply 100 short-haul passenger aircraft Sukhoi Superjet 100 to Iran, according to the latest reports. Russia has clarified that due

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Malaysia's SapuraKencana awarded TANAP offshore construction contract Energy

Malaysia's SapuraKencana awarded TANAP offshore construction contract   Anatolian Natural Gas Pipeline (TANAP) has awarded to Malaysia’s SapuraKencana Petroleum Berhad the contract for the construction of TANAP’s 18-km offshore section across the Canakkale Strait, APA reports. The construction of TANAP was commenced in 2015.

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New well commissioned in Caspian Sea Energy

New well commissioned in Caspian Sea   Azerbaijan’s SOCAR produced 3.78 million tons of oil from the country’s offshore and onshore fields in January-June 2016. Azerbaijan's state oil company SOCAR will additionally produce nearly 16,500 tons of oil annually through commissioning

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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, 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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Russia pushing North-South route to reality Investment

Russia pushing North-South route to reality   Russia says it has presented a plan to Iran which envisages establishing a unified transport company with India to operate along the emerging North-South Transport Corridor (NSTC) – an ambitious intercontinental multi-modal route

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Iranian theater troupe pays tribute to Anton Chekhov cultural

Iranian theater troupe pays tribute to Anton Chekhov    Iranian theater troupe directed Parchin by Hamid Amjad paid tribute to Russian author and playwright Anton Chekhov (1860–1904) before their performance of “Three Sisters and Others” at Tehran’s City Theater

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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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Gazprom Eyes Iranian LNG, Turkish Stream Energy

Gazprom Eyes Iranian LNG, Turkish Stream   Gazprom, Russia's state controlled gas giant, is interested in developing gas projects in Iran According to Russian business daily Vedomosti, Russia's energy minister Alexander Novak said that the

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Russian researchers discover new type of waves science

Russian researchers discover new type of waves   A team of Russian researchers by using quantum approaches discovered new coherent regimes for electromagnetic pulses in superconducting metamaterials that can lead to potentially powerful quantum computing. A team of

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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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Russians to build 1.4 GW coal plant in Iran Energy

Russians to build 1.4 GW coal plant in Iran Tekhnopromexport, part of Russia's state industrial conglomerate Rostec, has become the first Russian company to win a large, firm contract with Iran after the end of Western sanctions

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Azerbaijan, Iran increased electricity swap Energy

Azerbaijan, Iran increased electricity swap   Azerbaijan and Iran have increased the swap of electricity by 2.5 times, Hamid Chitchian, Iran’s Energy Minister told Trend. He said that a new ETL (electrical transmission line) with the capacity of 330 kilowatt and

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