Iran

Chinese state firm Citic will back projects across Iranian industry with 10-12 year loans in Euros or Yuan. Post-sanctions energy deals so far require Chinese investment of $6bn, with a railroad project requiring $1.5bn.

Russian oil and gas firms continue to expand their footprint in the Middle East and North Africa. State-owned Rosneft is at the forefront. The firm is increasing its political leverage in the Kurdistan region in Iraq and is eyeing up a move into Iran.

Iran is tapping European countries for credit facilities having last week finalized Korean deals.

Iran state firm NIOC has received feasibility study proposals for development of Changuleh oil field from Norway’s DNO, Russian state...

South Korea has consolidated its position as the largest investor in post-sanctions Iran with the latest agreement worth $1.9bn.

Newly re-elected Iranian President Hassan Rohani vowed to bring about an “economic revolution” in Iran at his inauguration speech in...

After Total last month sealed a major contract to invest in the $4.8bn development of Phase 11 of the South...

Tehran’s sixth post-sanctions refining deal is for a large condensate processing complex ,taking Korea’s potential outlay on Iranian downstream projects to $17bn.

Iran posted a budget deficit of IR288.5 trillion ($9.6bn at the fixed budget rate of $1=IR29,970) in fiscal year 2016-17...