The export license was granted on Tuesday by the U.S. Office of Foreign Assets Control, an arm of the Treasury Department, and clears Airbus to deliver more than $20 billion in jets to Iran Air, the Islamic Republic’s flag carrier.
Iran Air and Airbus in January agreed on the potential sale of up to 118 jetliners. It was a landmark transaction and one of the most high-profile deals for Iran following the lifting of sanctions as part of a wider accord to significantly constrain the country’s nuclear activities. Airbus, Europe’s biggest plane maker, in September won U.S. government backing to deliver 17 planes to Iran Air. Boeing at the time also received approval to sell planes to the carrier.
The Airbus and Boeing plane deals have been staunchly opposed by critics of the nuclear accord with Iran. U.S. President-elect Donald Trump has attacked the Iran deal and named retired Army Gen. Mike Flynn as national security adviser and Rep. Mike Pompeo (R., Kan.) as Central Intelligence Agency director. Both have voiced opposition to the nuclear deal.
The Obama administrated has been working to strengthen the accord, including by granting more export licenses for business to sell in Iran. The effort is unrelated to Mr. Trump’s election victory, U.S. officials have said.
Airbus said it was still working with Iran Air to complete contract terms before any planes will be handed over.
Iran Air has said it was looking to buy a wide range of Airbus aircraft, from its popular A320 single-aisle plane to the A380 superjumbo. The initial license for 17 planes covered A320 jets and A330 long-range planes. Iranian officials have said they were close to completing the contract.
The U.S. House of Representatives last week passed a motion to block dollar funding for such transactions. The move isn’t expected to have any immediate impact on plane deliveries, though.
Airbus’s plane sales to Iran Air are expected to be denominated in euros. Boeing also is likely to use nondollar transactions to deliver its planes. Boeing aims to sell 80 jets to Iran Air in a deal valued at up to $17.6 billion. It would include its new 777X long-range jet, which is still in development, and the 747-8 jumbo jets.
Iran’s large domestic population and lack of new planes have made it among the most attractive new markets for plane makers. Some local carriers, however, remain under U.S. sanctions because of ties to individuals the U.S. accuses of aiding terrorists or Iran’s ballistic missile program.
Envoy to IAEA: JCPOA durability depends on G5+1 reciprocation
Tehran, Nov 18, IRAN – Iran’s Ambassador to the International Atomic Energy Agency (IAEA) Reza Najafi said on Thursday that durability of the Joint Comprehensive Plan of Action (JCPOA) depends on actions of other parties that he said have not been satisfactory so far.
Addressing the IAEA Board of Governors seasonal meeting, Najafi although Tehran’s complete commitment to the JCPOA has repeatedly been confirmed by the IAEA, the other parties (members of the Group 5+1) are not acting based on their JCPOA commitments.
He stressed that Iran continues its pledges based on the landmark nuclear deal and will closely monitor other sides to do the same.
The G5+1 states are clearly responsible to implement the JCOPA with good will and in a constructive atmosphere based on mutual respect to avoid any move which is against the text, spirit or intention of the JCPOA and undermines its successful implementation, he said.
Najafi stressed that Iran will continue fulfilling its duties and commitments based on JCPOA and in order to guarantee its consistent implementation, will closely watch the moves made by other parties.
Tehran, Nov 13, IRNA — Iran and Oman held a joint meeting with representatives of Royal Dutch Shell, Total SA of France and Korea Gas Corporation (KOGAS) on cooperation and partnership in Iranian project for export of gas to Oman.
Directors of National Iranian Gas Export Company and senior directors of Oman Ministry of Petroleum met with the envoys of French Total, British Royal Dutch Shell and KOGAS discussed Iranian project for gas exports to Oman.
Based on a 2013 deal between Iran and Oman, Iran will export 1.5 million cubic feet of gas to Oman through a Persian Gulf seabed pipeline.
Regarding its importance, the project will boost Iran-Oman ties and energy ties in the Middle East.
Iranian and Omani ministers of petroleum late August signed a Memorandum of Understanding for natural gas exports with regards to the emphasis of Iranian President Hassan Rouhani and Omani King Qaboos.
Iran Calls for Oil Majors to Bid for New Projects
2016-10-17 T 10:21:36+03:30
TEHRAN (NIOC) _ Iran has invited global energy giants to a tender for the development of several of its key oil sector projects.
The National Iranian Oil Company (NIOC) via an announcement has called on foreign exploration and production companies to submit the required pre-qualification documents for the tender as of Monday, 17 October 2016.
The new format also envisages different stages of exploration, development and production that will be offered to contractors as an integrated package, with the emphasis laid on enhanced and improved recovery.
Oil Firms Reveals Proposals for Iran Projects
2016-10-03 T 10:14:55+03:30
TEHRAN (NIOC) _ Iran has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the administration of President Hassan Rouhani.
10 companies including big European firms such as Total, Lukoil, Shell, Eni, OMV and Asian giants like CNPC, Sinopec and Pertamina have so far submitted their proposals to Iran’s Ministry of Petroleum for the development of 15 projects.
Several of the key projects that the companies have aimed for are the same ones they had been previously involved in or for which they had been negotiating with Iran in the past.
The most lucrative project up for the grabs may be South Azadegan for which Total has presented its proposal.
South Azadegan was discovered in 2001 in what was described at the time as the world’s biggest oil find in decades.
Next in line could be Yadavaran for which both Shell and Sinopec have presented their proposals.
Total and Shell had been negotiating with the National Iranian Oil Company (NIOC) in early 2000s over the development of South Azadegan and Yadavaran but their talks did not lead to an agreement.
Shell has also bid for the re-development of Soroush oil field – located in the Persian Gulf – which it had previously developed in early 2000s.
Total, Eni and Hyundai have presented proposals for unspecified phases of South Pars gas field. Total was already involved in the development of South Pars Phases 2 and 3. Eni was involved in the development of Phases 4 and 5 and Hyundai in Phases 4, 5 and 6.
Iran’s new format of oil contracts is replacing buyback deals. Under a buyback deal, the host government agrees to pay the contractor an agreed price for all volumes of hydrocarbons the contractor produces.
But under the new contracts, the NIOC will set up joint ventures for crude oil and gas production with international companies which will be paid with a share of the output.
Under the new contracts, different stages of exploration, development and production will be offered to contractors as an integrated package, with the emphasis laid on enhanced and improved recovery.
Wed Sep 21, 2016 | 8:26pm BST
U.S. begins unblocking jetliner sales to Iran
By Tim Hepher | PARIS
The United States has begun unblocking deals by Western planemakers to renew Iran’s ageing passenger fleet in a move likely to ease growing complaints from Tehran over the implementation of last year’s historic sanctions deal.
Europe’s Airbus (AIR.PA) said on Wednesday it had received U.S. Treasury approval to begin exporting jetliners to Iran and its U.S. rival Boeing (BA.N) said it looked forward to receiving similar licenses “shortly”.
The move signals the unfreezing of one of the most high-profile deals between Iran and foreign companies since last year’s agreement between Tehran and world powers to open up trade in exchange for curbs on the country’s nuclear activities.
But complex questions remain over the financing of deals between Iran and Western planemakers that could still obstruct deliveries of many of the planes, in what is seen as a test case for Western trade and investment following the nuclear deal.
Earlier this year, Airbus and its U.S. rival Boeing each signed deals to supply over 100 jets to flag carrier IranAir to modernize and expand the country’s elderly fleet, held together by smuggled or improvised parts after years of sanctions.
But nine months after the first deal was signed, Iranian officials have voiced growing concerns about what they see as slow progress in obtaining in the U.S. licenses needed for most modern aircraft because of their ample use of U.S. parts.
An Iranian official told Reuters earlier this week that its deal for 118 Airbus jets was being trimmed by six units following the regulatory delays.
Airbus said on Wednesday it had been granted an initial license to supply 17 A320 or A330 jets that are slated for early delivery, and that it expected a second license covering the remaining aircraft within the next few weeks.
Aviation sources said the U.S. Treasury was expected within “days” to begin unblocking Boeing’s deal to sell or lease over 100 jets.
Iran has also ordered up to 40 Franco-Italian ATR (AIR.PA)SIFI.MI turboprop planes that are awaiting Washington’s green light.
Chilean FM: JCPOA paving for expansion of Iran-Chile ties
Tehran, Aug 25, IRNA – Chilean Foreign Minister Heraldo Muñoz Valenzuela underlined that the Joint Comprehensive Plan of Action (JCPOA) has created a suitable opportunity for the broadening of relations between Iran and Chile in different areas, including economic cooperation.
‘We have entered new phase of mutual cooperation with Iran,’ Muñoz Valenzuela said on Thursday at the opening ceremony of a conference to review economic cooperation between Iran and Chile.
He reiterated that Iran has entered new phase of cooperation with world countries as a result of nuclear agreement between Iran and the six world countries.
Muñoz Valenzuela also pointed to Iran’s capabilities, including its status in Central Asia and the Middle East and having access to massive energy reserves, and said, ‘Iran is a global power in the field of energy and it also enjoys high capacities for trade in the region.’
The Chilean foreign minister also said that his country will support Iran’s bid to become a members of the World Trade Organization.
Iran begins shipping Euro 4 compliant oil
August 10, 2016
The National Iranian Oil Products Distribution Company (NIOPDC) has announced that the country has deployed its first Euro 4-compliant gas oil shipment to global markets.
Mahmoud Taherizadeh, director of the Mahshahr region for NIOPDC, stated: “In the first four months of the current Iranian calendar year, about 184 million liters of diesel fuel with Euro 4 standards have been exported from Mahshahr oil terminal… In addition to diesel oil, approximately 960 million liters of mazut were also deployed to world markets over the span of four months.”
He said that for the same period last year, mazut shipments totaled 472 million leaders. Taherizadeh said that since no oil gas cargo had been shipped from Mahshahr terminal in the prior year, this is the first time in the current year that exports of Euro 4-compliant diesel oil have been shipped from the terminal.
Taherizadeh said that the Mahshahr terminal has become a “major corridor” for petroleum exports, and that diesel and mazut exports are expected to continue to grow. In the current Iranian year, which began on March 20, the country has exported an average of 9 to 9.5 million liters of gas oil per day. Those numbers show an increase of two times the amount from the same period in the previous year.
India is one of Iran’s oil customers. Last month, the country imported 461,000 barrels of oil per day from Iran, which was up 110 percent from July of last year, and 21 percent increase from June. Vehicle sales in India remain on the rise, increasing the country’s demand for oil.
Zanjan, July 21, IRNA – Seventy-four new dams are ready to be put into operation this year despite financial shortages, says the managing director of Iran’s Water Resources Management Company.
‘This year 74 dams are ready to put into operation, including 17 dams constructed in line with policies of the Resistance Economy,’ Mohammad Hajrasouliha said in a ceremony on Thursday.
Dam-building projects in Iran will be implemented as long as there is need for fresh water in the country, Hajrasouliha said.
The construction of new dams in the country is aimed at providing water for drinking and industrial purposes, he said.
According to the official, the Water Resources Management Company is considering building 44 new dams based on the principles of feasibility.
Tehran, July 20, IRNA – The cabinet ministers on Wednesday commissioned the Central Bank of Iran to pay off Iran’s debt to the International Monetary Fund.
The government called on the CBI to pay some 9.883 trillion rials to IMF from its internal resources.
The government obliged the Ministry of Finance and Economic Affairs to provide the CBI with the necessary written guarantees.
In the meantime, First Vice-President Es-haq Jahangiri communicated the executive order to the Ministry of Finance and Economic Affairs and the CBI.
Iran’s FM Zarif Calls on Netherlands to Facilitate Banking Transactions with Iran
Tehran, June. 26 (SENA) – Iran’s FM Zarif during his recent stay in the Netherlands, called on Dutch officials to facilitate banking transactions with Iranian companies in a bid to expedite expansion of trade ties between the two countries.
U.S. Said to Rebuff EU Bid to Shield Banks on Iran Sanctions
June 7, 2016 — 11:53 AM CEST Bloomberg –
European Union governments have hit a wall with the U.S. in attempts to shield banks and companies that do business with Iran from the threat of financial sanctions.
Iran calls for foreign, domestic investment in oil, gas industry
Tehran, May 6, IRNA – Iran encourages foreign and domestic investments in oil and gas industry, the Managing Director of Iran’s Petrochemical Industry Investment Company (PIIC Group) Fereidoun Fadaei Dolat said on Friday
EU ‘turns page’ in relations with Iran
Tehran, April 17,The European Union and Iran have “turned a new page” in their diplomatic relations, the EU’s foreign policy chief said on a visit to Tehran.
Iran, Netherlands sign Memorandum of Understanding
Tehran, April 13, IRNA – Deputy Foreign Minister for economic affairs of the Netherlands Martin Van den Berg in a meeting with Deputy Economic and Finance Minister Mohammad Khazaei signed Memoranda of Understanding in more than 10 fields here on Wednesday.
13th OIC Summit Conference kicks off in Istanbul
Ankara, April 14, IRNA – The 13th Summit of the Organization of Islamic Cooperation (OIC) started in the Turkish city of Istanbul on Thursday.
First post-sanctions Iranian ship calls at Antwerp Port
Tehran, March 28, IRNA – The Islamic Republic of Iran Shipping Lines (IRISL) called at the port of Antwerp with one of its ships for the first time since economic sanctions were lifted, the company announced.
Inflation rate continues to drop
Tehran, March 27, IRNA – The Central Bank of Iran (CBI) on Sunday put Iran’s inflation rate in the 12 months ending on February 20 at 11.9%