Foreign Finance

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.

Iran chances for foreign finance stand at 50%

TEHRAN, Mar. 10 (MNA) – Following US President Trump’s threats on withdrawing from the nuclear deal, Iran’s chances for attracting foreign finance from major banks stand at 50%, a TCCIMA official told MNA on Saturday.

Seif vows more efforts to improve Iran’s status in FATF

TEHRAN, Feb. 10 (MNA) – Central Bank of Iran (CBI) governor noted Iran’s major steps to improve its status in the Financial Action Task Force, hoping that the country would soon exit the FATF public statement and have its banking ties further developed.

Plane deliveries to be hampered if US avoids extension of export licenses

TEHRAN, Feb. 10 (MNA) – IranAir is not having problems financing plane purchases from Boeing (BA.N) and Airbus (AIR.PA) but deliveries could be hampered if the United States does not extend export licenses, Iran Air (HOMA) CEO Farzaneh Sharafbafi said on Thursday.

AEOI spokesman:

Austria offers €200mn finance for equipping Iran’s 1st nuclear hospital

TEHRAN, Feb. 5 (MNA) – AEOI spokesman Behrouz Kamalvandi said Sun. that Austrian banks have allocated €200 million worth of finance to fund equipping Iran’s first nuclear hospital.

EDBI CEO:

Unlimited Russian finance to be opened for Iranian projects

TEHRAN, Feb. 04 (MNA) – Ali Salehabadi Chief Executive of Export Development Bank of Iran (EDBI) revealed the allocation of an unlimited Russian finance for Iranian projects.

Parl. sets foreign finance limit at $30b

TEHRAN, Feb. 03 (MNA) – The parliament has approved a measure on Saturday to set the ceiling for using foreign investments in projects at $30 billion for the next Iranian fiscal year starting March 21.