EghtesadOnline: Iran is in dire need of foreign finance after years of hard-hitting sanctions and more than glad to wrap up deals worth $40 billion negotiated or agreed upon in the post-sanctions era.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said attracting foreign investment will be the centerpiece of his ministry in the next four years, hoping to build up on a multibillion-dollar gas deal with France's Total that is widely seen as one of his signature accomplishments as oil minister.
EghtesadOnline: Many outdated Iranian oil and gas refineries are posting losses or hardly operating at breakeven point, but a new wave of foreign investments will help the aging facilities significantly bump up their profit, a top oil official said.
EghtesadOnline: Iran will sign new finance contracts worth $12 billion with three Asian and European banks within a month, deputy governor for foreign exchange affairs at the Central Bank of Iran announced.
EghtesadOnline: Iran's Petrochemical Commercial Company has opened an office in London to ease operations pertaining to attracting foreign finance and opening lines of credit.
EghtesadOnline: Minister of Economic Affairs and Finance has confirmed local media reports of an imminent South Korean $13 billion credit line to support Iranian projects–a measure, which if finalized, will mark the biggest instance of foreign finance for the country since the implementation of the nuclear accord in January 2016.
EghtesadOnline: The Energy Ministry has attracted $200 million in foreign funds to develop power infrastructure in the northern Mazandaran Province.
EghtesadOnline: After the implementation of Iran's nuclear accord with world powers, the country has negotiated its way to attract $50 billion worth of foreign finance expected to flow into the country soon, a report by Economy Ministry's Organization for Investment, Economic and Technical Assistance of Iran has revealed.
EghtesadOnline: According to a directive issued by the Cabinet, Economy Minister Ali Tayyebnia has been authorized, on behalf of the government, to guarantee the repayment of the principal amount plus the interest of finance taken from foreign banks, export insurance firms and international development institutions, Banker.ir reported.