Chabahar Port Begins Commercial Operations
Commercial operations began at ndia Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar with the arrival of a vessel after Government of India took over the operations.A Cyprus registered bulk carrier had arrived at Chabahar with 72458 MT of corn cargo. The vessel MV MACHERAS berthed at the terminal at 0130 hrs on 30th December 2018. Thus IPGCFZ carried out its first cargo operation by discharging the imported cargo(ex Brazil) using pneumatic un-loaders.India has written a history with its engagement in Chabahar, claimed a governement release.
Iran Pushes Back on U.S. Sanctions
If Iran can not export oil then no country will export oil from the Gulf - Iran president.America should know that if Iran can not export oil then no country will export oil from the Gulf, Iranian President Hassan Rouhani said on Tuesday in a speech broadcast live on state TV.U.S. officials have said they intend to reduce Iran's oil exports to zero in an effort to curb the Islamic Republic's missile program and regional influence.Reporting By Babak Dehghanpisheh
Qatar to Boost Maritime Trade with Iran
Qatar is planning to increase maritime shipping lines between with Iran, reported Iran's official media quoting Hadi Haqshenas, deputy head of Iran's Ports and Maritime Organization (PMO) for Maritime Affairs.According to Fars News Agency, Hadi Haqshenas announced: "The Qataris who met the demand for their goods from Saudi Arabia and the UAE before (the siege and sanctions) have now requested increased maritime shipping between Iran and Qatar to bolster mutual trade."He added…
Iran Hints at Building Seaborne Nuclear Reactors
Iran has fired a diplomatic warning shot at Washington by raising the prospect of building nuclear reactors for ships while staying within the limits set by its atomic deal with major powers, a U.N. nuclear watchdog report showed on Thursday. U.S. President Donald Trump has long railed against the 2015 nuclear deal for reasons including its limited duration and the fact it does not cover Iran's ballistic missile programme. He has threatened to pull out unless European allies help "fix" the agreement with a follow-up accord.
Iran's Chabahar Port will Start by 2018
The Indian Minister for Shipping Nitin Gadkari has said that the government is keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018. Gadkari was in Teheran, to represent India at the taking over of office by President Hassan Rouhani for the second term. On the eve of his visit to Iran the Minister said that India and Iran have shared special ties historically. Gadkari informed that civil construction work has already started at the Chabahar Port. The Indian Government has allocated Rs 6 billion for the development of the port.
As Iran Oil Tenders Near, Investors Still in the Dark on Terms
Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, foreign companies say they still have little information about Iranian oil fields and contract terms, hindering investment decisions. Bosses from oil majors including BP, Total, Eni, Royal Dutch Shell and LUKOIL have all travelled to Tehran this year, since the EU sanctions ended in January. Their teams spent weeks meeting local officials ahead of investment tenders due to start next month. But several senior executives and members of their negotiating teams told Reuters they still had not been given sufficient information about the geology of Iranian fields or contract terms.
Iranian Port Deal: Modi's Masterstroke
Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar the first foreign port which India is involved in developing to such a large extent. India and Iran, along with Afghanistan, have agreed to develop the southern Iranian port of Chabahar, giving India vital access to Central Asia, as well as highlighting regional rivalries and burgeoning friendships. The main contract…
India to Boost Iran Port Project, Links to Afghanistan
Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the southern Iran port of Chabahar, in a move to give his country trade access to Iran, Afghanistan and central Asia. The route is currently all-but blocked by Pakistan, long at odds politically with India. The deal, which runs in conjunction with the development of road and rail links through Iran to Afghanistan, also represented a strategic victory for India over China, which has been competing to develop the port. Modi signed the development deal on the first visit by an Indian leader to Iran in 15 years. He was joined by Iranian President Hassan Rouhani and his Afghan counterpart Ashraf Ghani.
China's Shipping Route to Iran
Two state-run Chinese firms - China National Transportation Equipment & Engineering Co Ltd (CTC) and Dalian Shipbuilding Industry Co (DSI) - are pushing for multi-billion dollar Intermodal transport deals with Iran, says a report in Reuters. CTC is close to finalizing an agreement on the $3 billion rail project to connect Tehran with the northeastern holy city of Mashhad, a Chinese source told Reuters. China's Export and Import Bank (EXIM) is expected to fund 85 percent of the cost for the 930-km (580 mile) rail project.
CMA CGM Steps Up Iran Presence
France's CMA CGM, the world's third-largest container shipping group, will expand its presence in Iran after signing a landmark deal on Thursday with the Islamic Republic of Iran Shipping Lines (IRISL). Many Western businesses are seeking to invest in Iran, a nation of 80 million people, after many sanctions linked to the Persian nation's nuclear program were lifted this month. The preliminary agreement between CMA CGM and IRISL, signed during a visit to Paris by Iranian President Hassan Rouhani…
Fincantieri Inks Shipbuilding Deals with Iran
Shipbuilding group Fincantieri said it has signed a number of framework agreements with some primary Iranian companies. The preliminary understandings were reached in the presence of the Prime Minister Matteo Renzi and the President of Iran Hassan Rouhani on an official visit in Italy and are prior to the accomplishment of several contracts worth some hundred million euros and to the potential development of joint activities, the shipbuilder said. As part of the deals, Fincantieri has reached a cooperation and development agreement with Azim Gostaresh Hormoz Shipbuilding Industry Co (AGH), a new shipyard in the Persian Gulf within the special economic zone…
Putin Says Eyes Trade Boost with Iran
Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran. Putin, speaking at joint briefing with Iranian President Hassan Rouhani, also said there are plans to create a free trade zone between the Moscow-led economic union of former Soviet Union countries and Iran, as well as increased use of national currencies in trade with Tehran. (Reporting by Denis Pinchuk; writing by Vladimir Soldatkin; Editing by Dominic Evans)
Iranian President Calls For More Open, Better-Informed Nuclear Debate
President Hassan Rouhani said on Sunday he wanted Iran to do a better job of explaining its nuclear programme to prevent "evil-minded" people misleading world opinion, two days before Tehran resumes talks with world powers on its disputed atomic activity. Iran and the United States, France, Germany, Britain, China and Russia will reconvene in Vienna to try to iron out differences over how to end a long standoff over suspicions that Tehran has sought the means to develop nuclear weapons.
Iran, Six Powers Agree to Extend Nuclear Talks - Envoys
Iran and six world powers on Friday agreed to a four-month extension of negotiations on a long-term nuclear deal that would gradually end sanctions on Tehran in exchange for curbs on its nuclear programme, diplomats close to the talks said. Iran, the United States, Britain, France, Germany, Russia and China had set a July 20 deadline to complete a long-term agreement that would resolve the decade-old dispute over Tehran's nuclear ambitions. But diplomats said they were unable to overcome significant differences on major sticking points. "We have reached an agreement to extend the talks," a senior Iranian diplomat told Reuters on condition of anonymity. Several Western diplomats echoed his remarks.
Private Buyers in Iran Look to Boost Grain Market
One sign of change in Iran as it works toward a nuclear deal with world powers is the way it is feeding itself, with private grain firms beginning a slow return to their traditional role as major food commodity importers. Iran was never barred from buying food under sanctions imposed by the United States and the European Union over Tehran's nuclear activities. But the measures have made trade more difficult for the past two years by hindering payments and ocean shipping, which has left the bulk of the work in the hands of state buyers such as the GTC and SLAL. However, Tehran has won limited relief from the sanctions after agreeing to curtail its nuclear activities…
Iran Offers India Bigger Role in Strategic Port
Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to Central Asia, the Iranian envoy in New Delhi said on Friday. (Reporting by Frank Jack Daniel and Nidhi Verma)
Iran Offers India Bigger Role in Developing Port of Chabahar
The port of Chabahar in southeast Iran is central to India's efforts to circumvent arch-rival Pakistan and open up a route to landlocked Afghanistan where it has developed close security ties and economic interests. According to a Reuter's report, Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to Central Asia, Iran's envoy to New Delhi Gholamreza Ansari said.
Iran's Rouhani Says U.S. Ties Do Not Have to be Hostile Forever
Iran's President Hassan Rouhani said on Friday that his country's ties with the United States do not have to be hostile forever and that "one day this will change." "It is not written in stone that the relationship between Iran and the U.S. must be hostile forever. One day this will change," he said, adding that it was up to both governments to create the conditions. The United States cut off diplomatic ties with Tehran during a hostage crisis after the 1979 Islamic revolution. (Reporting by Louis Charbonneau and Parisa Hafezi, editing by Michelle Nichols)
Iran Won't Replace Russia as Top Gas Supplier
Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as telling Russian TV channel Rossiya 1. The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier, a European Commission source told Reuters in September. "We are lagging in production and think about domestic consumption first," Rouhani told the channel in an interview. Iran has the world's second-largest gas reserves after Russia. "From time to time, we have problems during winter and then, you know, we have many buyers, clients around us...
U.S.& Iran Meet Ahead of Deadline for Atom Deal
U.S. Secretary of State John Kerry will meet Iran's foreign minister and the European Union foreign policy chief in Oman on Nov. 9-10 to discuss the Iranian nuclear issue ahead of a looming deadline for a final agreement, the U.S. State Department said on Friday. Kerry's talks in Muscat, Oman with Iranian Foreign Minister Mohammad Javad Zarif and the EU's Catherine Ashton are due to take place two weeks before a Nov. 24 deadline for Tehran and six major powers to reach a long-term agreement on Iran's nuclear program.
Rouhani Urges End to Iran's Isolation
Iranian President Hassan Rouhani called for curbs on the state's involvement in business and an end to Tehran's international isolation on Sunday to help rescue an economy hurt by sanctions, corruption and mismanagement. His appeal in a speech to 1,500 economists appeared to be critical of hardliners who oppose his efforts to deliver Iran from years of erratic economic management by the previous administration of Mahmoud Ahmadinejad. "Our economy will not prosper as long as it is monopolised (by the government). The economy must be rid of monopoly and see competition," he said.
Gasoline Prices Up In Iran on Subsidies Cut
Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state subsidies were cut, a risky move that President Hassan Rouhani hopes will improve an economy battered by Western sanctions. The price hikes will test Rouhani's support among a population fed up with the high inflation that he has pledged to reduce as he pursues talks with world powers aimed at ending sanctions imposed over Iran's nuclear programme. Iranians rushed to the pumps to fill their cars before the price surge…
Iran-Indian Co-operation in Chabahar Port
Iranian President Hassan Rouhani vowed to collaborate more closely with India on the strategic Chabahar port development. Rouhani made the pledge when India's National Security Advisor Ajit Doval called on him in Tehran. The implementation of Chabahar-Zahedan Railway project and expanding Port of Jask to make it an important oil export port, President Rouhani said Iran is ready to cooperate more closely with the Indian private sector. The Port of Chabahar is a seaport in southeastern Iran. Its location lies in the Gulf of Oman. It is the only Iranian port with direct access to ocean.