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Nuclear Energy Program News

05 Dec 2016

Hyundai Near Deal With Iran for 10 Ships

Hyundai Heavy Industries Co. (HHI), a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, says a report in Yonhap. The contract, valued at USD650 million, will see Hyundai supply the Islamic Republic of Iran Shipping Lines, (IRISL) with four 14,400 TEU container ships and six 50,000 DWT product tankers, the Korea Herald reported. The vessels are expected to be delivered to Iran in the third quarter of 2018. If signed, the contract will be Iran's first deal with a foreign shipbuilder since the lifting of international sanctions on the Middle Eastern nation. Iran is seeking a series of ship-related contracts via the IRISL to handle increasing trade cargo. Yonhap reported that Hyundai officials were cautious about the matter.

07 Apr 2015

US Shipping Lines May Return to Iranian Ports

Iran is expecting American shipping lines to visit its ports once the economic sanctions against it are lifted in light of the emerging comprehensive final agreement over the Iranian nuclear energy program, reports Press TV. Iranian deputy minister of road and urban development Mohammad Saeednejad, who also heads Iran's Ports and Maritime Organization, said American shipping lines may return to Iranian ports after the removal of Western economic sanctions against the Islamic Republic. “We are currently holding weekly meetings with European shipping lines over their return to Iranian ports,” said Saeidnejad. “We believe that American shipping lines will also return once the economic sanctions against Iran are lifted”.

05 Nov 2007

Contracts for Three Exploration Blocks to be Finalized Soon

National Iranian Oil Company (NIOC) exploration manager said the contracts of three of the 17 oil blocks put out to tender will be finalized soon. Reportedly, 23 domestic and foreign companies have purchased the documents of 17 blocks, saying the majority of purchasers are international giants. Iran is attempting to lure international oil and gas companies to invest despite rising pressure from the U.S. over its nuclear energy program. Iran has this year been promoting an international exploration tender for 17 onshore and offshore blocks. The original deadline for receiving offers was June, but the NIOC announced early that month that it was extending the limit by a further month.