Indonesia to sign oil, LPG import deal with Iran[stm_post_details] Indonesia expects to sign an initial deal on Sunday with Iran for the purchase of crude oil and liquefied petroleum gas (LPG), an official at Indonesia's state energy company, Pertamina, said on Friday, providing no further details. Indonesia's energy minister Sudirman Said is heading to Iran...

Tehran, Wellington endorse co-op document on agro ties[stm_post_details] TEHRAN- Iran and New Zealand signed an MOU on broadening agricultural cooperation, increasing volume of investments and gaining access to each other’s agro products markets. The MOU was signed by Iran's Agriculture Minister Mahmoud Hojjati and New Zealand Foreign Minister Murray McCully in Tehran on Saturday, IRNA...

Bombardier, Siemens willing to boost share of Iran market[stm_post_details] Like many other international companies, Bombardier Inc. and Siemens AG are willing to develop their activity in the Iranian market in the post-sanction time, although they consider banking barriers, which are still in place, an obstacle getting in the way. Like many other international companies, Bombardier...

Tehran to host Algerian-Iranian business forum[stm_post_details] The second Algerian-Iranian business forum will be held today in Tehran with the aim to examine investment opportunities and partnership between the two countries. In this context, the Algerian Minister of Industry and Mines, Abdessalem Bouchouareb, leads a delegation of more than 80 heads of public and private companies...

Call for Int’l Collaboration to Develop Aluminum Industry[stm_post_details] Iran is seeking $10 billion of investment to develop its domestic aluminum industry that could export 60% of its output to meet growing global demand for the metal used in cars, jets and beverage cans. The raw material bauxite needed to achieve the goal is proving hard...

Malaysia trying to double trade with Iran to $1 billion[stm_post_details] TEHRAN – “The worth of trade between Iran and Malaysia was $532 million in 2015 and with the removal of sanctions against Iran we are trying to increase this number to $1 billion”, according to Dato' Dzulkifli Mahmud, the CEO of Malaysia External Trade Development...

Tehran, Seoul promoting banking relation[stm_post_details] TEHRAN- Senior officials from Central Bank of Iran (CBI) and the Korea Development Bank (KDB) signed a memorandum of understanding (MOU) to increase common banking ties in Tehran, on Monday. According to IRNA, the signing ceremony was attended by Gholamali Kamyab, the vice governor of the CBI, and Lee Dong-Geon,...

Seoul determined to boost trade with Tehran to $30 billion[stm_post_details] TEHRAN - South Korea is determined to enhance the worth of trade with Iran to $30 billion, the Korean minister of land, infrastructure, and transport Kang Ho-in told reporters after a meeting with Iranian Energy Minister Hamid Chitchian in Tehran on Saturday. South Korea is...