Germany enters Iran’s auto parts market[stm_post_details] TEHRAN - Germany’s Continental Automotive Group and Iranian auto parts manufacturer Crouse Company have signed an agreement to establish a joint venture in Iran. According to Tasnim news agency, Continental, which is the world’s third biggest automotive replacement parts manufacturer, and Crouse founded a new company called “CCAC” after...

Iran ready to sell oil to South Africa, buy refinery shares[stm_post_details] TEHRAN – Iran is ready to sell South Africa 100,000 barrels per day (bpd) of oil and also to buy shares in the African country’s oil refineries, Oil Minister Bijan Namdar Zanganeh said on Saturday. He made the remarks on the sidelines of a...

Iran exports 24m barrels of gas condensate in January[stm_post_details] TEHRAN – Iran exported 24 million barrels of gas condensate to European and Asian destinations in January, Shana reported on Saturday. Asian countries have always been top buyers of Iranian gas condensate but recently Europe too has joined Iran’s gas condensate customers as BP received its...