Biggest ever iran agrofood in May 2016 with more than 1,300

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Biggest ever iran agrofood in May 2016 with
more than 1,300 exhibitors
“The participation at iran agrofood this year is growing tremendously”, says
Martin März, Managing Director of the German trade show specialists fairtrade.
“For the first time more than 1,300 exhibitors will participate compared to 947
last year. It is the biggest ever since its inception in 1994 and we expect more
than 30,000 visitors to attend.” Organised by fairtrade and their Iranian partners Palar Samaneh the 23rd
international iran agrofood takes place on 30 May to 2 June 2016 at the Tehran
International Fairgrounds. The event is supported by all relevant Iranian,
European and Asian authorities and will feature more than 20 official national
pavilions this time. The exhibitors are technology leaders from all over the
world. New in 2016 is the Special Show Food Ingredients in hall 35 and 38A.
iran agrofood consists of the three events iran food + bev tec, iran food +
hospitality and iran agro held simultaneously. Learn more about the upcoming event: http://www.iran­foodbevtec.com http://www.iran­foodhospitality.com http://www.iran­agro.com
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Iran, Germany sign agreement on developing
oil fields
The National Iranian Oil Company and Wintershall company from
Germany signed agreement on Tuesday to conduct feasibility studies in
four Iranian oil fields western Iran. NIOC Managing Director Rokeddin Javadi and his counterpart from Wintershall
of Germany signed the agreement. Wintershall, a company from BASF
Holding, is oil executive in upstream industry and extraction of oil and gas. Wintershall is also willing to broaden cooperation in other areas including
training, research and development with the Iranian party. Based on the
agreement, the required information will be exchanged between the two
companies next month. According to officials at Iran's petroleum ministry, German companies are to
invest some dlrs 12 billion in Assaluyeh petrochemical plants. Source: IRNA
Zangeneh: Iran signs contract to sell 700,000
barrels oil to Europe
Iran's Petroleum Minister Bijan Zangeneh reported of signing a contract
to sell 700,000 barrels oil to European countries saying that EU regards
Iran as a trustable partner to supply energy. Zangeneh said that the way to facilitate Iran, EU ties was discussed in his
meeting with visiting EU Climate Action and Energy Commissioner Miguel Arias
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He said that permanent talks are to be held between the two sides to make a
better supply of oil and gas from Iran to Europe. He added that European
companies are supposed to start investment in Iranian oil, gas and
petrochemical industry supprted by their governments. Before lifting sanctions, Iran exported 500,000 to 600,000 barrels of crude oil to
Europe and during the sanctions, 100,000 barrels per day was exported to
Turkey. Some European companies like Total (France), CEPSA (Spain)
resumed buying oil from Iran in post­sanction era. Source: IRNA
Iran Will Send OPEC Governor, Not Oil
Minister, to Doha Talks
Iran ended weeks of speculation by confirming it will send a
representative, though not its oil minister, to talks between crude
producers in Doha. Hossein Kazempour Ardebili, Iran’s liaison to the Organization of Petroleum
Exporting Countries, will attend the meeting on April 17 in the place of Oil
Minister Bijan Zanganeh, according to Akbar Nematollahi, Director of Public
Affairs at the oil ministry. At least 17 other producers will gather in the Qatari
capital to discuss an accord on limiting oil production, aimed at tackling the
global glut. The ministry had said as recently as April 13 that Zanganeh was
undecided about going. Iran, which is reviving oil exports after years of international sanctions were
lifted in January, has ruled out joining the accord and its refusal is seen by
analysts as the agreement’s biggest flaw. Zanganeh has said that Iran will
reject any limits on its output before reaching pre­sanctions levels, and
dismissed the notion of joining the freeze as “ridiculous.” Saudi Arabia has said
its compliance depends on Iran joining in. Because of Iran’s position, the absence of its most senior official will actually
help the other nations present a unified position on April 17, according to
London­based consultants Energy Aspects Ltd. “We all know Iran is not going to join in with the freeze,” Amrita Sen, chief oil
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analyst at Energy Aspects, said in a Bloomberg Television interview. “If
Zanganeh came to the meeting, he would probably say we’re not going to
freeze, and that would put a dampener on sentiment. It’s a ploy to make sure
the market doesn’t sell off.” Source: Bloomberg
Iran’s oil sector poised to attract $200b of
investments by 2021
“Iran is slated to absorb up to $200 billion of investments under the aegis
of the Sixth National Development Plan and thanks to the country’s
refreshed economic and international atmosphere in post­sanction era,”
General Director of Strategic Planning in National Iranian Oil Company
(NIOC), Saied Ghavampoor, told SHANA. As Ghavampoor described, the share of foreign investors and Iranian private
sector from the announced figure may stand at $130 billion and the remained
required amount would be supplied by financial resources of the NIOC. On April 2, Iranian Oil Minister Bijan Namdar Zanganeh outlined prioritized
plans for the development of oil industry in the new Iranian calendar year which
began on March 20. With overcoming financial problems, the minister said, the plans are afoot for
rapid development of new projects in the shared oil and gas fields especially in
South Pars gas field (which Iran shares with Qatar in the Persian Gulf) and
West Karoun oil fields (five oilfields which Iran shares with Iraq at the western
part of Iran's southwestern region of Karoun). According to Zanganeh, the high priority is set on clinching new deals for
development of shared oil and gas fields as well as enhancing the extraction of
oil from existing fields within the framework of the country’s new model of oil
contracts dubbed as Iran Petroleum Contract (IPC). Source: Tehran Times
Iran Eyes 3.1 mbd of Refining Capacity
Iran will add 1.8 million barrels per day to its refining capacity to bring it
to 3.1 mbd once several refinery projects come on­stream across the
country, a senior petroleum official said. Addressing an expert panel in oil conference in Tehran on Saturday, Abbas
Kazemi, managing director of National Iranian Oil Products Refining and
Distribution Company (NIOPDC), said some of these projects are Persian Gulf
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The refineries will process crude oil, gas and condensates, he said, adding the
projects are prefect examples of materialization of the policies of Resistive
Economy. "Promoting energy use optimization, preventing sale of crude oil and
gas, strengthening the economy against foreign assaults like sanctions, and
bolstering national self­esteem and confidence are some of the policies that
NIOPDC is seeking to realize," the official said. He further said 24 million liters of the country's daily gasoline consumption
(71ml/d) is Euro­4. For gasoil, with daily consumption of 79 ml/d, 24 ml/d is
supplied from Euro­4 gasoil supplies, he added. Source: Shana
Iran Seeks Access to Its $100 Billion Via U.S.
Financial System
Three months after a nuclear deal was implemented between Iran and western
powers, the Islamic Republic has been unable to tap about $100 billion held
abroad and is seeking access to the U.S. financial system to help pay its bills,
Central Bank Governor Valiollah Seif said. While Iranian deposits held abroad are supposed to be accessible, Seif said
Friday that European banks are worried about running afoul of U.S. regulations.
He wants the U.S. Treasury’s Office of Foreign Assets Control to issue
guidelines encouraging European banks to be more receptive to Iran. Seif met
Treasury Secretary Jack Lew Thursday on the sidelines of the IMF­World Bank
meetings in Washington to discuss his concerns. So far, Iran has gotten “almost nothing” from the accord, which was
implemented on Jan. 16, Seif said in an interview with Bloomberg Television.
“One of the needs that we definitely have goes back to converting currencies to
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pay our suppliers. It requires having access to the U.S. financial system.” Seeking Investment The nuclear accord, reached after nearly a decade of international sanctions,
raised hopes in Iran of a wave of foreign investment and economic prosperity
following years of negative or low growth, a weakening currency, and isolation
from global markets. Airline companies including Airbus Group SE and Boeing
Co. moved to help the country replace its aging fleet, yet many firms remained
wary as U.S. sanctions put in place in the 1990s remained in effect. Many European banks were fined for dealing with Iran when the country was
under sanctions and signed settlement agreements not to deal with Tehran for
a number of years. France bank BNP Paribas agreed to pay $8.9 billion in July
2014 for violating U.S. sanctions against Sudan, Cuba and Iran. Germany’s
Commerzbank AG agreed to pay $1.45 billion for moving funds through the
U.S. financial system for Sudan and Iran. Seif wants OFAC to rescind those
agreements. “There is no reason for those obligations to continue,” Seif said. “OFAC should
release the banks.” Obama administration officials have repeatedly said they aren’t blocking access
to Iran’s overseas deposits. Adam Szubin, Treasury’s acting undersecretary for
terrorism and financial intelligence, said he’d seen signs that non­U.S. banks
weren’t aware of “the scope of U.S. sanctions with regard to Iranian funds that
were formerly restrained.” Szubin, however, also said that the U.S. won’t provide Iran with access to the
U.S. financial system. There would be no restoration, he said, of “U­turn’’
authorization, where transactions priced in U.S. dollars are cleared through a
U.S. financial institution even though the money doesn’t stay in the U.S. bank. Source: Bloomberg
Turkey, Iran agree to improve economic ties,
banking a priority – PM sources
Turkey’s Prime Minister Ahmet Davutoglu and Iranian President Hassan
Rouhani agreed on Friday to improve economic cooperation, with banking a
priority, prime ministry sources told Reuters, following the lifting of international
sanctions on Iran. The two countries also agreed to increase trade and mutual investments, the
sources told Reuters. Iran is frustrated that few trade deals have been
implemented since the nuclear­related sanctions were lifted, as foreign banks
still steer clear of processing transactions. It called on the United States and
European Union to help it access the global financial system, but the White
House said the nuclear deal did not include giving Tehran such access. Source: Euro News
Iran­EU Handel von Januar bis Februar bei
1,2 Mrd. Euro
Die EU­Lieferungen nach Iran von Januar bis Februar 2016 entsprachen mit
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987 Mio. Euro in etwa den Lieferungen der ersten beiden Monate 2015 (990
Mio. Euro). Wichtigstes Lieferland der EU war weiterhin mit Abstand
Deutschland mit Lieferungen in Höhe von 326 Mio. Euro, das sind 10% mehr
als von Januar bis Februar 2015. Italien war mit Lieferungen in Höhe von 193 Mio. Euro (+11%) der zweitwichtigste Lieferant der EU, gefolgt von Frankreich
(90 Mio. Euro, +12%) und den Niederlanden (82 Mio. Euro, +51%).
Die EU­Importe aus Iran von Januar bis Februar 2016 stiegen 6% und
erreichten einen Wert von 247 Mio. Euro. Wichtigster Abnehmer iranischer
Produkte in der EU war Italien, das Waren im Wert von 63 Mio Euro aus Iran
einführte wobei seine Importe gegenüber Januar­Februar 2015 allerdings um
30% zurückgingen, während Deutschland mit Importen in Höhe von 57 Mio.
Euro (­19%) den zweiten Platz hielt. Detaillierte Zahlen können angefordert
werden. Source: Marin Consult
Die EU­Importe aus Iran von Januar bis Februar 2016 stiegen 6% und
erreichten einen Wert von 247 Mio. Euro. Wichtigster Abnehmer iranischer
Produkte in der EU war Italien, das Waren im Wert von 63 Mio Euro aus Iran
einführte wobei seine Importe gegenüber Januar­Februar 2015 allerdings um
30% zurückgingen, während Deutschland mit Importen in Höhe von 57 Mio.
Euro (­19%) den zweiten Platz hielt. Detaillierte Zahlen können angefordert
werden. Source: Marin Consult
IMF forecasts 4% growth for Iranian economy
The International Monetary Fund (IMF) has projected a four­percent
growth rate for Iran in 2016. Iran's economy, which was flat last year, is set to grow by 4.0 percent this year
and by 3.7 percent the next, said the IMF in its latest global forecast. The
monetary organization cut its combined growth projection for oil­exporting
countries to 2.9 percent this year from a forecast of 3.8 percent in October. The
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IMF report predicted the economies of the Middle East, North Africa,
Afghanistan and Pakistan as a whole to grow by 3.1 percent in 2016 and 3.5
percent in 2017. That is worse than a January projection of 3.6 percent for
each year. The outlook for the region, which grew by 2.5 percent last year,
"has weakened considerably because of further declines in oil prices and
intensifying conflicts and security risks," the IMF said. The oil­importing
economies, such as Egypt, Pakistan and Tunisia, are together set to grow by
3.5 percent in 2016, down from 4.1 percent projected in October and worse
than last year's 3.8 percent expansion. Source: IMF
Bank Sepah to Reopen Frankfurt Office
In a meeting between the Federal Financial Supervisory Authority of
Germany (BaFin) and Muhammad Kazem Choghazardi, CEO of Bank
Sepah in Tehran, an agreement was reached on Sepah reopening its
Frankfurt branch. The German side hailed Bank Sepah’s recent moves to raise capital, improve
management and human resources, equip the Frankfurt office with advanced
computer systems and reform its organizational structure in line with international norms. Referring to the recent meetings with Italy’s central bank
and economic officials, Choghazardi outlined the role and status of Bank Sepah
in the country’s banking system, and highlighted Tehran’s sustained measures
to improve its banking and economic sectors, including plans to achieve 5%
economic growth this year (started Mar 20) and a curb the inflation rate. He
also mentioned his bank’s latest activities such as obtaining authorization from
the Financial Supervisory Authorities of Italy to reopen its Rome branch and
buying premises Bank Sepah’s Paris branch. Bank Sepah’s operations in
Europe were halted in 2007 due to the sanctions imposed on the bank.
However, the United Nations removed Sepah and its international branches
from sanctions list this January.
Bank of Industry and Mine The CEO of the Bank of Industry and Mine, also in a meeting with BaFin
officials briefed them on the latest economic, cultural and social developments
and called for a better understanding the country’s current situation by the
German banks. During the meeting he asked the Germans to provide Iranian
lenders with the necessary recommendations for accelerating the resumption of
two­way the banking relations. “Regarding new economic conditions created
by the implementation of the Joint Comprehensive Plan of Action (JCPOA), the
Bank of Industry and Mine, as a development bank, which plays a key role in
the provision of financial resources for the steel, petrochemical, energy and
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infrastructure industry projects, is aspiring to contribute effectively to the
development of the country with the help of foreign resources,” Ali Ashraf
Afkhami was quoted as saying by Pool News Source: Financial Tribune
Copyright © Deutsch­Iranische Industrie­ und Handelskammer, All rights reserved.
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