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Tag Archives: Tehran

Saudi Arabia halts $4B in Lebanese deals over Iran dispute

BEIRUT (AP) — Saudi Arabia announced on Friday it is halting deals worth $4 billion aimed at equipping and supporting Lebanese security forces in retaliation for the tiny country’s siding with Iran amid the Sunni kingdom’s spat with the Shiite power. The surprise announcement, carried by the state-run Saudi Press Agency, comes as deeply divided Lebanon struggles to handle the ...

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Iran to ink oil deals worth tens of billions of dollars in next two years

Oil contracts worth tens of billions of dollars will be signed within the next two years, oil minister Bijan Namdar Zangeneh said in Tehran on Monday, quoted by state news agency Irna. ‘The post-sanction era is a proper opportunity for cooperation of Iranian legal institutions with international companies,’ he told reporters at the opening of an energy law conference in ...

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Shell, Total get first foreign gas stations in Iran

TEHRAN, Iran — Iran’s state TV is reporting that Royal Dutch Shell and France’s Total will be the first foreign companies to be allowed to operate gasoline stations inside Iran. The Press TV English-language channel quotes the head of Iran’s filling stations union, Bijan Haj Mohammadreza, as saying 100 new licenses have been issued to each company. Until now, the ...

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Poland joins flock seeking business in Iran after nuclear deal


WARSAW – Poland sent a high-level delegation including pharmaceutical, chemical and railway executives to Iran on Friday, joining a string of Western states hoping to exploit opportunities opened by Tehran’s nuclear agreement with world powers. Economy Minister Janusz Piechocinski was heading a group with representatives of some 60 Polish businesses, including railway manufacturers Newag and Pesa. Poland is interested in ...

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Interview – S.African oil firms to meet Iranians to discuss crude imports

JOHANNESBURG – South African oil companies will meet Iranian officials in October to discuss the resumption of crude imports, the deputy energy minister said on Thursday. International sanctions on Iran could start to be lifted as early as spring next year as Tehran and the West rebuild their ties and potentially open up billions of dollars of trade deals. Iran ...

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