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 needs $100b for upstream oil, gas projects by 2021[stm_post_details] TEHRAN- Upstream oil and gas sectors require $100 billion of investment to meet the objectives of the country’s Sixth National Development Plan (2016-2021), Abdolmohammad Delparish, the deputy managing director of National Iranian Oil Company (NIOC) for corporate planning, said in a press conference in Tehran...

Tehran-Berlin trade sees 7% rise in 4 months[stm_post_details] TEHRAN- The trade volume between Iran and Germany registered a seven-percent growth in the first four months of 2016 (January-April) and stood at €807 million, Shana news agency cited Germany-Iran Chamber of Industry and Commerce on Friday. Thanks to the execution of Iran’s nuclear deal, Germany tries...

Iran-India deal on Farzad-B gas field to be concluded this year[stm_post_details] TEHRAN-“In case undergoing technical negotiations with Indians bear fruit, the agreement on development of Farzad-B gas field will be signed by the end of 2016,” said National Iranian Oil Company (NIOC) Managing Director Rokneddin Javadi. The official said that a group of Indian companies...