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 Iranian state-owned companies

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updated Wed. April 17, 2019

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Oil prices have rapidly fluctuated over the past few years due to a supply glut and subsequent production cuts carried out by Organization of the Petroleum Exporting Countries (OPEC). The variations did have a major impact on fuel prices in most countries, but did you know where petrol prices were the ...
And Washington is willing to overlook those flirtations in the hope that Saudi Arabia will continue to be a strategic bulwark against Iran. ... Saudi Aramco bought a 25 per cent stake in a refinery in Fujian province operated by the state-owned oil giant Sinopec, and the companies have joint refinery ventures ...

Likewise, state-owned Israel Electric Corporation, which won arbitration in 2015 awarding it $1.76 billion for the loss of Egyptian gas, similarly denied any ... Switzerland's highest court ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company ...
To date, in Iran, the company says it has supplied its inverters for hundreds of 5-20kW systems, a few 100kW systems and a 1.2MW system, as well as the Shahrekord plant. Elsewhere in the country, state-owned news agency IRNA reported earlier this month that the government was planning to develop a ...
In a tweet, Iran's Information and Communications Technology Minister MJ Azari Jahromi revealed that he had met with the Iranian central bank's board of directors ... The report also proposed that Turkey create a state-owned and -operated “bitcoin bourse,” which would allow the government to profit from ...
Russia's Zarubezhneft and Iran's IDRO Oil Saturday signed a cooperation agreement to jointly bid for a $1 billion contract at the onshore Susangerd oilfield in ... a final agreement is reached between the two companies, negotiations can begin with state-owned National Iranian Oil Co. or NIOC for a contract.

Other companies likely to sign similar agreements with TCI are AsiaTech, Pars Online, Saba Net, Psihgaman, Helma Gostar and Afra Net. ... He said the TCI's fiber-optic network will be shared with FCP permit holders and therefore, the state-owned company's monopoly over the sector will come to an end.
The measure allowing banks to continue for another year their Central Bank of Iran-run scheme aimed at reducing the volume of non-performing ... A majority of lawmakers passed a budget measure that allows "state-owned companies, firms affiliated with ministries and state-owned organizations, and ...
T hirteen expansion projects of Kerman Province's National Iranian Copper Industries Company were inaugurated late Thursday by President Hassan Rouhani and Minister ... The company is a semi-privatized entity, as a large number of state-owned firms or other semi-privatized companies own its shares.
The boost will be fulfilled by the Iranian Offshore Oil Company, a subsidiary of state-owned National Iranian Oil Company, which is in charge of developing crude oil reservoirs in the Persian Gulf ... IOOC started negotiations with international companies to boost production from Soroush and Doroud fields.
The law on implementation of the general policies of the Article 44 of Iran's Constitution on privatizing state-owned companies was declared in 2006 in a bid to ... In a press conference on Wednesday, Head of Iranian Privatization Organization (IPO) Mir Ali Pouri-Hosseini announced that President Hassan ...
The government envisioned a large privatization program in the Fifth Five-Year National Development Plan (2010-2015), aiming to privatize about 20 percent of the state-owned firms each year. Through privatization of governmental companies, Iranian government seeks to restructure the country's ...
The French company has agreed to collaborate with China National Petroleum Corp and Iran's state-owned firm Petropars to produce 2 billion cubic ... PSA (Peugeot-Citroen) contracts with top Iranian automakers Iran Khodro and SAIPA, that of Alstom with Iranian companies IDRO and IRICO, as well as ...
France will begin offering credits to Iranian buyers of French goods later this year, Reuters reports citing the head of Bpifrance, a state-owned investment bank. Such a ... Per Reuters, other European governments have been looking for work-arounds to allow their companies to trade with Iran without risking repercussions.
TEHRAN- Transfer of the state-run shares to the private sector during the two-month period ending on the last day of current Iranian calendar year (March 20, 2018) will reach ... Under the present interpretation of the Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatized.
In 2016, Iranians were scandalized by leaks about the high salaries of executives at state-run companies, including $50,000 bonuses paid to eight managers of a state-owned insurance company (when an Iranian laborer might earn $200 a month). In that context, the release of a draft budget that proposed ...
Reza Khayyamian, the head of the Society of Iranian Petroleum Equipment Manufacturers, asserted that the French company has held up its end of the bargain in the gas venture, ... Total and CNPC have 50.1% and 30% stakes, respectively, while Iran's state-owned Petropars holds the remaining 19.9%.

Khazaei noted that Iran has introduced four agent banks to sign the deal with the Russian bank, but it is not yet known which projects will be eligible to get ... Khazaei, who is also a deputy economy minister, added that there is neither any difference between state-owned or private sector projects, nor any ...
Sinosure is China's major state-owned export credit insurance company. Its financing since its establishment in 2001 has totaled $290 billion for exports and investments. Commissioned in 1912, Abadan refinery is the longest-running Iranian crude refinery and once the largest oil refinery in the world.
The official also said that even if leasing companies fail to meet their commitments, plane makers themselves are committed to financing a number of aircraft in their contracts with Iran Air. "Boeing has committed to finance eight jets for Iran Air," he was quoted as saying by local media. When asked about the ...
ISTANBUL, Turkey (Kurdistan 24) – A Turkish state-owned construction company announced on Saturday that it had completed building half a concrete border ... The wall and an accompanying road cover a northern area of the border in the Kurdish provinces of Igdir and Agri across Iran's West Azerbaijan Province where ...
Central Insurance of Iran, the industry's sole regulator, is not pursuing the reduction of the state-owned Iran Insurance Company's market share, as it holds high ... The CII chief added that all Iranian insurance companies, including Iran Insurance Company, are allowed to help fill these insurance capacities.
State-owned Telecommunications Company of Iran barred the Voice-Over Internet Protocol (VOIP) service offered by private Internet service provider Shatel. Later with ... In an underhand move, Apple Inc. removed applications of several Iranian companies from the company's iOS App Store. At the time ...
If the three aforementioned insurance firms are fully ceded to the private sector, Iran Insurance Company will remain the sole state-owned insurer. However, that will not be remotely equal to the government forfeiting its share in insurance companies, as Iran Insurance Company alone earns about 60% of all ...
T o finalize the process of transferring the bank accounts of state-owned enterprises to the Central Bank of Iran to boost transparency, the regulator has ... The three-month deadline, which lasts until the end of the current Iranian fiscal year on March 20, has been notified to the banking system as part of an ...
... which the state-owned Iranian Mines and Mining Industries Development and Renovation Organization expects to bring on stream in the next four years. In March 2017, IMIDRO said it had signed a deal with a consortium of six private companies, led by Iran's Mobin Mining and Construction Company for ...
Under the present interpretation of the Article 44, some state-owned companies have been privatized to reduce their financial burden on the country's budget and also increase their productivity. The privatization process was due to be complete by the end of the Iranian calendar year 1393 (March 20, 2015), ...
According to Kosarian, the new product has been tested in extreme conditions such as under the temperature of 80 degrees Celsius, that is why it was chosen to be used in Iran, most of which have arid and semi-arid climates. Noting that the level of research in the project was on a par with the studies done ...
In response to a question why Borgward waited so long to make an entry into Iran and why the company is circumspect, Anliker said, “You have to I see this differently. Normally, companies come and start production and then see whether they can sell cars in Iran. I want to do this differently. First I want to ...
As talks of mergers are heating up to modernize the Iranian banking system that is laden with toxic loans, weighed down by a cumbersome credit crunch ... legislative body before its dissolution, decreed a total of 28 banks, 16 thrift institutions and two investment companies as national or state-owned, and ...
The web sites of banks and companies often carry little or no information on their Iran operations. ... Italy's state-owned rail company, Ferrovie dello Stato, is a consultant in the building of a 415-km (260-mile) high-speed north-south rail line between Tehran to Isfahan via Qom by state-owned China Railway ...
This spring the company was added to the list of partners of Iranian E&P Companies, and this means that now SOCAR can participate in projects in Iran and invest in the country in parallel with such large companies as Shell and Total. SOCAR is a wholly state-owned national oil company headquartered in ...
Back in March, a consortium of Iranian private companies signed a deal worth $1 billion with IMIDRO, the state-owned mining holding in charge of the mine, ... was made up of Iran Lead and Zinc Industries and Mining Association and six private companies led by Mobin Mining and Construction Company.
The current Iranian banking regime was defined by a slew of consolidation efforts several decades ago. ... acted as an ad-hoc legislative body before its dissolution, decreed a total of 28 banks, 16 thrift institutions and two investment companies as national or state-owned, and then moved to merge them.
In addition to the Citroen badge, the vehicle offered in Iran will carry the ... of SAIPA's Kashan production plant that reads “SAIPA Citroen Company”. The Iranian semi-state-owned firm has often claimed that the first units of C3 ...
The state-owned company plans to modernize its fleet of around 70 tankers, one ... Norwegian companies are "on the NITC's list" to help the company upgrade ... Plan to renovate Iranian tankers started to take shape following ...
Director of Arya Kian, a local auto parts making company, Bahram Shahriari says, ... units if Iranian parts makers want to get involved in the production range. ... Iran's semi-state-owned auto companies are often criticized by ...
I ran has exported 5.4 billion cubic meters of natural gas to Turkey during the first six months of the current fiscal year (March 21–Sept.
Ebrahim Hamidi, a member of Iran Insurance Company's Strategic ... The largest and the only state-owned firm in the country, Iran Insurance Company said it's ... While the Iranian government will be left to pick up most of the ... Starr Companies enters into aviation insurance agreement with SMARTT MGA.
But Turkey's state-owned oil and gas company Botas appealed in March ... According to Tavakkoli, Iran exported 1.2 billion cubic meters of gas to Iraq ... for the southern Iraqi city of Basra, Iranian state media reported in June.
Total will be the operator with a 50.1% stake, alongside Chinese state-owned oil and gas company CNPC with 30%, and National Iranian Oil ...
But according to the National Iranian Oil Products Distribution Company's data, Iran has one gas station for every 22,000 people. A shortage of ...
I ranian insurance companies have started evaluating the losses ... Iran Insurance Company, the largest and the only state-owned firm in the ...
"The MoUs call for collaboration between three Iranian companies, ... the state-owned National Water and Wastewater Engineering Company ...
The rapid development of Iranian air defenses over the last few years raises ... “The Chinese company deepest involved in cooperation with us is named ... This state-owned firm is a subsidiary – but also the backbone – of the ...
... Arabia to list state-owned oil company on New York stock exchange ... was the “best destination for global companies” but that Aramco belongs on ... has taken a tough stance against their nation's diplomatic archrival Iran, ...
Iranian Foreign Minister Mohammad Javad Zarif was in South Africa, ... joint venture with the Iranian state-owned petrochemicals company Arya ...
The 12-year-old company, based in Toronto, is a subsidiary of Rosatom, Russia's state-owned nuclear technology corporation. ... 30 nuclear plants in 13 nations, including Bangladesh, Egypt, Iran, Jordan, Turkey and India.
The company had more than 49.5 million customers in Iran as of the end ... to buy a 49 percent stake in an Iranian state-owned internet provider ...
However, most cars produced by the semi-state-owned company are of ... signed by foreign auto companies with Iranian firms after the historic ...


 

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