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Iran qualifies from many respects to be a good location for investment and doing business. it has huge potential for investing after the termination of economic sanctions, Some of the features are highlighted below:
1. Vast domestic market with a population of 80 million growing steadily 2. Young, educated and cheap labor force 3. Excellent strategic geographical position 4. The quick and easy access to neighboring markets with a population of 350 to 400 million 5. Developed and ready infrastructure 6. Cheap and abundant raw materials, energy and transportation 7. The four-season climate and climate variability in the country 8. Fiscal incentives 9. Security and political stability 10. Untapped and consumer market ..
Along with the French oil and gas company of Total, several companies from Russia and China have requested presence in that development projects, Ali Kardor said.
Kardor added that phase 11 of the South Pars will be finalized within next months.
The development project on the South Pars phase 11 had been pending for eight years before the new Iranian government took office in August, 2013, and started organizing the project and completely developing the pending gas projects in the South Pars gas field.
After the July 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), the international oil companies headed for Iran to hold talks on the oil industry with the Iranian officials.
Kardor said that the presence of Total in South Pars is not certain, adding several foreign companies have expressed willingness to cooperate with Iran in the phase 11 development project, but their presence is not certain and definite.
The aim of finalization of the development project on the phase 11 South Pars is to daily produce two billion cubic feet of gas.
South Pars is the world’s biggest gas field situated in the Persian Gulf and in the territorial waters of Iran and Qatar.
The South Pars gas field, which is named in Qatar as North Dome, is shared between the two countries.
KLM Royal Dutch Airlines, the flag carrier airline of the Netherlands, has officially resumed flights to Iran after a hiatus of over three years.
The first flight of the company in its new Iran service period landed in Tehran’s Imam Khomeini International Airport (IKIA) on Saturday evening, Iran’s local media reported.
The Amsterdam-based company had suspended its flights to Iran since April 2013 in what its officials said was a result of “economic reasons”.
KLM Managing Director and Chief Operating Officer René de Groot said that his company is set to establish four flights to Tehran each week.
He emphasized that his company is happy to resume flights to Iran, emphasizing that he hopes the sanctions against the Islamic Republic would never return.
“What we do is [that] we continue as long as we can,” de Groot told IRIB News Service. “Of course, we hope that the sanctions will not come back and we can grow even with more frequencies.”
KLM had in August announced that its Flight KL0433 will depart from Amsterdam to Tehran on Tuesdays, Thursdays, Fridays and Sundays as of late October 2016.
The flights will be operated with a Boeing 777-200 in a three-class configuration with 34 business seats, 40 seats in economy comfort and 242 seats in economy, it added.
Including the new flights to Tehran, KLM now offers 37 flights to nine destinations in the Middle East.
Several international airlines are resuming flights to Iran to tap into increasing opportunities in the country after the recent lifting of sanctions.
British Airways also resumed direct flights to Iranian capital Tehran from July. The airline now operates a six-time weekly service and will move to daily flights from winter 2016.
‘Following the signing of the agreement, Total is going to participate in developing a lower olefin project which is going to cost at least two billion dollars,’ Adel Nejad Salim told the Islamic Republic News Agency in an exclusive interview.
Nejad Salim also said that the Persian Gulf Holding so far has signed seven memorandums of understanding with international companies, including the European companies like Total.
It is expected that, two agreements be finalized until the end of the current Iranian calendar year, he said.
‘One of them is going to be with Total,’ Nejad Salim said.
Managing Director of the Persian Gulf Petrochemical Industry said that the company is eager to absorb domestic and foreign investments.
Lower olefins are petrochemical derivatives produced by cracking feedstocks from raw materials such as natural gas and crude oil. The main olefin products are ethylene, propylene, butadiene and C4 derivatives.
These petrochemical derivatives are used to produce plastics, as chemical intermediates, and, in some cases, as industrial solvents.
Denmark’s Maersk that had cut its trade relations with Iran five years ago due to the sanctions imposed by the West on Iran will resume its activities soon.
Maersk announced on Thursday that its customers can send their cargo to Iran via sea by Maersk cargo ships.
A major portion of imports, including foodstuff and consumer goods such as cars, to Iran take place via sea.
Governor General of the Russian Omsk province Viktor Nazarov said that exchange of visits by officials and economic activists of the two provinces are expanding and Russia is ready to bolster ties with Iran.
He said that two economic delegations from Omsk province have visited Iran this year.
Minister of Economy of Omsk province Oxana Fadina said that the two provinces are willing to develop economic relations.
He said that trade between Omsk and Iran stood at 382,000 dollars over the past six months.
Fadina added that Omsk province is ready for cooperation and joint venture projects in the fields of petrochemical and oil with Kohgiluyeh & Buyer Ahmad province.
He said that there are grounds for cooperation on advanced technologies, hand-woven carpet, training courses, the wood and forest industries and health and medical treatment.
Minister of Agriculture and Food Industries of Omsk province Maxim Shokusouf said that Omsk is ready to import agricultural crops, vegetables and processed cereals from Kohgiluyeh & Buyer Ahmad.
He said that joint economic plans to develop cereals products and cereals silo as well as food products would be on agenda for cooperation.
Deputy Governor General for economic affairs Majid Mohanaei said that there are different economic capacities for cooperation between the two provinces.
He said that the province is rich for its botanical medicine as well as oil and gas resources.
The official said that Kohgiluyeh province is ready for joint venture projects with Russian province in the field of petrochemicals and completion of two petrochemical units in the province.
He said that the province has 10 percent of water resources of the country, so it is one of the areas for fish culture as well as creating gardens and construction of hydro-electric power plants.
The province has the potential capacity to export seven million roses, 2,000 tons summer crop and 11,000 tons trout fish to Russia annually.
Mohanaei said there are possibility to export cement and polyethylene pipes to Russia as well.
Head of Iran Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar made the remarks in a meeting with the European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elabieta Bieńkowska.
He said that Iran is a museum country favored by the tourists.
Listing other tourism capacities of Iran in religious, natural and health sectors, Soltanifar said that climatic diversity allows the tourists to use ski and mineral warm waters in a single day.
He said that the number of tourists coming to Iran rose up 10 percent and that the figure for European tourists has increased by 30 percent.
Soltanifar said that Iran has so far set up 25 offices in target countries to introduce the country’s tourism attractions to other nations.
The official also said that signing cooperation deal by the EU and ICHHTO will pave the way for mutual cooperation in the tourism sector.
Bieńkowska, for her part, said that Iran is currently turning one of the European tourism destinations, noting that she is currently on a visit to Iran to pursue discussions made during EU Foreign Policy chief Federica Mogherini’s visit to Tehran.
‘One of our main economic activities is tourism which generates jobs and earns huge revenues,’ she said.
Lorek made the remarks in the 2nd Iranian Petroleum and Energy Club Congress & Exhibition (IEPC 2016) in Tehran.
He said that currently Iranian reserves stood at the 8th rank in production of petrochemical products.
He said that extensive oil and gas resources, high technical know-how and educated workforce are capacities of Iran for growth and development.
‘Iran is now a major petrochemical producer.’
He said that successful management of the oil, gas, petrochemical and refining projects by Iranian engineers at the time of sanctions testifies high capability of Iranian companies.
Total SA of France official said development of the upstream reserves is a necessity for Iranian oil industry.
He emphasized competitive market for Iranian petrochemical feedstock.
He noted that access to the world’s latest technology, financing and lowering cost are among other exigencies of Iranian oil industry.
He made the remarks when Azerbaijan Republic Minister of Communications and High Technologies Ramin Guluzade visited Payam Special Economic Zone in Karaj.
He underlined development of postal services as a significant issue in the field.
Suitable grounds are currently prepared for postal trade as well as logistics post in Payam Zone which should be properly utilized, he said.
Mehri further noted that if Payam Airport operates regularly scheduled flights, it will handle high percent of the country’s parcels.
Nejad-Salim extended the invitation at the 2nd Iranian Petroleum and Energy Club Congress & Exhibition (IEPC 2016) in Tehran on Tuesday.
He said that location on seashores, young experts, and diversity in feedstock are advantages of Iranian petrochemical industry for investment.
He said Iran is now well prepared to welcome joint venture investment by the Iranian and foreign companies.
He said that the company is willing to attract investment and that there is possibility for cooperation with Iranian and foreign entrepreneurs in the form of shares of the active companies or the shares of the projects now commissioned as well as finance.
Nejad-Salim said Iran welcomes financing by foreign investors and Iranian commercial institutions.
‘Such projects as NGL 3200, Hengam, Hormuz, Apadana and Bid Boland are now in the commissioning stage, needing investment.’
He put the budget needed for commissioning of 15 projects are $6.2 billion, that of the engineering projects at four billion dollars and the projects under study are estimated at five billion dollars.
He said that the company is the second big company in the Middle East signing contract for cooperation with such oil giants as Total.
He noted that through production of diversified products and petrochemical feedstock, the investment basket can be made less risky.
According to the Public Relations Department of POGC, the meeting was held to introduce existing plans and programs in South Pars and to evaluate technical services capabilities of the British Companies.
An advisor to Deputy Head of National Iranian Oil Company in engineering and development affairs Emadi said that the meeting was suggested by England-Scotland joint chamber of commerce to review how to participate in Iran’s oil and gas projects on which Iran is seeking to attract technology and technical services in upstream sectors.
Emadi added that the participants are the representatives of England’s industries which concentrate on different fields including presenting technical and technological services, excavation, gas transmission, pipeline corrosion and health and safety executive (HSE).
Regarding the capabilities and experiences in taking part in developing oil and gas projects and due to the beginning of a new round in bilateral ties after the removal of anti-Iran sanctions, Director General of the British-Iranian Chamber of Commerce (BICC) Martin Johnson expressed hope for further participation in Iran’s oil and gas fields.
Deputy minister of petroleum announced that French, Chinese and Russian companies have made request from Iran for cooperating in development project of the phase 11 of the South Pars gas field in south of the country. Along with the French oil and gas company of Total, several companies from Russia…
KLM Royal Dutch Airlines has resumed its flights to Iran after a halt of over three years. KLM Royal Dutch Airlines, the flag carrier airline of the Netherlands, has officially resumed flights to Iran after a hiatus of over three years. The first flight of the company in its new…
French international oil company, Total, and Iran’s Persian Gulf Petrochemical Industry are expected to finalize a two-billion-dollar olefin project agreement until the end of the current Iranian calendar year, says an official. ‘Following the signing of the agreement, Total is going to participate in developing a lower olefin project which…
Danish international marine transportation company Maersk will resume transportation of goods to Iran. Denmark’s Maersk that had cut its trade relations with Iran five years ago due to the sanctions imposed by the West on Iran will resume its activities soon. Maersk announced on Thursday that its customers can send…
Delegations from Russian Omsk province and Kohgiluyeh and Buyer-Ahmad agreed on Wednesday to expand economic relations. Governor General of the Russian Omsk province Viktor Nazarov said that exchange of visits by officials and economic activists of the two provinces are expanding and Russia is ready to bolster ties with Iran….
Iran and European Union underlined the need for promoting cooperation in the tourism sector. Head of Iran Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar made the remarks in a meeting with the European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elabieta Bieńkowska. He said that Iran is a…
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