INSTC Corridor to get own logistics operator

INSTC: Russian Railways  is in talks with its counterparts in Iran, India and Azerbaijan about the…

Riyadh and Tehran draw up new ‘soft power’ battle lines at Basra

More than a quarter of a century after the road to Basra briefly became short hand…

Russia set to capitalise on US hostility towards Iran with EEU FTA and oil deals

US President Trump’s unremitting hostility towards Iran seems to be playing into Moscow’s hands, and sooner…

EU accused of appeasing Trump with May 12 nuclear waiver looming for Iran

The EU should be pushing the   US to abide by the terms of the nuclear agreement…

Future of Chabahar and Farzad B high on agenda for Rouhani visit to India

Progress on the upgrade of the Iranian port of Chabahar and delays over the awarding of…

Russia extends influence in Gulf with plans for nuclear plant in Kuwait

Kuwait: With Washington  expected to slap another round of sanctions on Russia for its alleged meddling in…

Odds on Trans Caspian pipeline shorten as littoral states settle their differences

After nearly 30 years of haggling over the legal status of the Caspian Sea, its five…

Chabahar set to take on Gwadar in fight for traffic on South Asian sea route

The prospect of a new strategic sea route connecting Iran, India and Afghanistan  came one step…

Total to forfeit investment if it pulls out of South Pars contract, Tehran warns

French energy giant Total will lose the $66m it has already  committed to the development of…

Baku helps Tehran out with loan for INSTC transport corridor

Work on the construction of the  144-km Rasht-Astara rail leg of Iran’s  section of the International…

IMF gives Iran short-term thumbs-up – but sanctions cast a longer shadow

The Iranian economy will grow by 3.5% this year and 3.8% in 2018 , according to…

India offers to invest $11bn in Iran’s Farzad-B – and to take all the gas home

An  Indian consortium headed up by ONGC Vicesh has said that it is willing to spend…

Total close to finalising $1bn South Pars deal despite new sanctions threat

The French oil major Total is finalising plans to invest an initial $1bn in the development…

Wintershall ignores sanctions threat to strengthen ties with Gazprom in Iran

Germany’s biggest oil and gas company Wintershall – which is already helping co-finance Gazprom’s controversial Nord Stream…

China draws Tehran into New Silk Road

New Silk Road: The China National Machinery Import and Export Corporation (CMC) has been given the…

China looks to Saudi Arabia to protect Maritime Silk Road route

This March, the Saudi Monarch King Salman embarked on a six-week tour of Asia, the highlight of…

Trump extends sanction relief as Iranians go to the polls

48 hours before today’s Iranian presidential elections US President Donald Trump announced an  extension to the…

Brexit draws UK companies to Iran despite shadow of sanctions

With the prospect of Brexit limiting their ability to operated within  the EU, UK firms are…

Indian Railways gives new push to North-South Transport Corridor

State-owned Indian Railways is to host a meeting of the heads of its fellow South Asian railway…

Tehran agrees to sell $1.5bn in bonds to develop communal oil and gas fields

The Iranian parliament has given the country’s oil ministry permission to sell more than $1.5bn in bonds…

Amazon facing penalties over Iran

E-commerce giant Amazon could be facing penalties from the US Treasury, it has emerged, after it…

Vitol and NIOC pre-empt Trump with $1bn pre-finance Iranian oil deal

Vitol, the world’s largest oil trader, has agreed to provide the National Iranian Oil Company (NIOC)…

Concerns over Trump hard-line policy prompt BP to step back from Iran

Less than two months after deciding to exclude its US national CEO Bob Dudley from its attempts to…

Rouhani threatens to revive nuclear programme after Senate votes for 10-year extension to Iran Sanctions Act

Iran’s President Hassan Rouhani yesterday called on outgoing US President Barack Obama not to sign a…