Foreign Finance

Iraq to build eight nuclear power plants with Russia’s help

TEHRAN, Jun. 19 (MNA) – The Iraqi government plans to build eight nuclear power plants with the cooperation of Russia, costing over $40 billion, in order to overcome the challenges of electricity shortages in the country.

Deputy oil min.:

Iran’s petchem industry needs $40bn for significant growth

TEHRAN, Sep. 16 (MNA) – Deputy Minister of Oil for Petrochemical Affairs Behzad Mohammadi said that Iran’s petrochemical industry needs $40 billion for materializing most of its objectives in relevant fields.

Iran mulling Chinese finance in hospital construction in Mashhad

TEHRAN, Aug. 31 (MNA) – Iran is in talks with China for financing the construction of a hospital in the suburb of northeastern Iranian city of Mashhad, according to Minister of Health Saeed Namaki.

Non-oil exports can meet Iran’s foreign exchange demands

TEHRAN, Jul. 07 (MNA) – An official in charge of banking system of the country said on Sunday that export of non-oil commodities can meet foreign currency needed in the country.

Europe to press US into exempting Swift from Iran sanctions

TEHRAN, Oct. 09 (MNA) – European finance ministers will try to persuade the Trump administration not to cut off Iran’s access to Swift, the global financial messaging service, in meetings with Steven Mnuchin, the US Treasury secretary, at the IMF gathering in Bali this week, Financial Times reported.

Russia to finance electrification of Garmsar-Incheh Borun railway project

TEHRAN, Jul. 1 (MNA) – Technical and Infrastructural Deputy CEO of the Islamic Republic of Iran Railways Mazyar Yazdani said that Garmsar-Incheh Borun Railway project will be electrified using Russian finance at €1.2 billion.

Energy min.:

Iran expects €4bn foreign finance for water, electricity projects

TEHRAN, Jun. 19 (MNA) – Energy Minister Reza Ardakanian said Tue. that Iran expects €4 billion foreign finance from international development banks to fund the country’s water and electricity projects.