Caspian Sea oil exploration operations underwayTehran – Managing Director of Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company which handles exploration operation in the Caspian Sea region in Northern Iran, said exploration operations are underway in the region.
“Emphasized by the President [Hassan Rouhani] and the Oil Minister [Bijan Namdar Zanganeh] operations for developing and exploring hydrocarbon resources in the Caspian Sea [region] are underway,” Ali Osouli told Shana.
Mentioning President Rouhani’s recent talks with the presidents of the Caspian states, Osouli noted that Iran is pursuing joint projects for exploration and extraction of oil in the Caspian Sea.
“[In those talks] President Rouhani expressed hope that such discussions would be followed up on in joint economic committee meetings,” he added.
According to the official, KEPCO also has on the agenda to cooperation with knowledge-based companies specialized in deepwater e..

‘۱۷ foreign countries eager for investment in Chabahar Port’ TEHRAN – The Director General of Ports and Maritime Department of Sistan-Baluchestan Province said 17 countries have expressed willingness for contribution to development of Chabahar Port in southeastern Iran, Tasnim news agency reported.
According to Behrouz Aghaie so far 130 foreign company representative delegations have visited Chabahar, of which 17 have expressed willingness for investment in the port.
Emphasizing the fact that Chabahar Port has no restrictions on accepting investors from other countries, Aghaie said, “Working with India does not mean rejecting the presence of other countries in Chabahar Port.”
The official further mentioned negotiations for making the port an especial economic zone and said, “Becoming a special economic zone would solve many of Chabahar's problems in terms of tariffs, insurance, and other matters, and this is one of the necessities for development of Chabahar Port because it make..

Seminar for introducing Indonesian market slated for late Dec.TEHRAN – Iran’s Trade Promotion Organization (TPO) plans to hold a seminar on December 31, to introduce potentials and capacities of the Indonesian market for Iranian traders and businessmen, the TPO portal announced.
Attended by officials, including Indonesian embassy’s commercial attaché and Iran’s former commercial attaché in Indonesia, the seminar aims to provide an opportunity for the Iranian businessmen and traders to get familiar with Indonesia’s potential areas for cooperation, and collect information about the capacities and opportunities in the mentioned market.
Indonesia is one of the important counties with which Iran is taking measures to boost trade ties because both nations are Muslim countries and both countries are full members of the World Trade Organization (WTO), The Non-Aligned Movement, Organization of Islamic Cooperation (OIC), and Developing 8 Countries.
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ISIPO to revive 1400 idle production units by March 2020TEHRAN – Iran Small Industries and Industrial Parks Organization (ISIPO) plans to revive 1400 idle production units by the end of the current Iranian calendar year (March 19, 2020), IRNA reported on Monday, quoting a deputy with ISIPO.
“Following a program for boosting domestic production, ISIPO managed to revive 529 idle production units in the first six months of the current calendar year and the number is planned to reach 1400 by yearend,” ISIPO Deputy Head Ali Asqar Mosaheb told IRNA on the sidelines of an SME and startups event in Alborz Province.
Noting that one of the approaches through which ISIPO is planning to help inactive units get back in the production cycle is to see their knowledge and technology needs.
“The country’s technology units and scientific and research centers have come to believe that they can help the industry and that the industry can use their potentials and capacities,” he said.
According to the o..