Ministry of Industries and Mines is in talks with a European company to invest a dlrs 10 billion of investment in Iran's steel industries, deputy minister for economic affairs said on Tuesday. Mohsen Shaterzadeh made the remarks in a news conference, adding that negotiations pertain to the establishment of 'new steel mills' with foreign investment and the supply of energy including electricity and gas for the project. "Once the project is finalized, Iran will ink a memorandum of understanding with the European company to invest the aforementioned capital in steel industries, power plant and gas refinery installations," he...

Pilot production of Iranian designed car `Samand' will start within two months in Syria, announced here Thursday visiting Iranian deputy industry Minister Mohsen Shaterzadeh. In a meeting with Syrian industry Minister Fuad Issa  Jouni, Shaterzadeh predicted that the full industrial production will be on line two months after the first test stage, reports Trend. He also said in the meeting that a cement factory project in Hamah has been completed by 90 percent and the final operational stage is scheduled for three months later. These factories are being constructed by Iranian technical personnel and know-how. The Syrian...

It is expected the signing of an agreement between Venezuela and Iran for the creation of a fund to finance economic and commercial projects in both countries. According to the Islamic Republic News Agency (Irna), about USD 1 billion will be invested in this fund. Irna said in its website that this information was given by the Iranian Minister for Economic and International Affairs, Mohsen Shaterzadeh. Caracas and Teheran has considered the establishment of a bilateral commission that will make recommendations on how to invest these funds. The Venezuelan President Hugo Chávez has strengthened bilateral ties with Iran since he assumed power in 1999. Until date, both countries have signed...

Mohsen Shaterzadeh, Iranian deputy minister of industries and mines for economic and international affairs, Iran-Venezuela trade volume to hit $11bln told the Mehr News Agency Monday, that Iran and Venezuela have recently signed eleven memorandum of understandings (MOUs) and agreements on different industrial sectors. He added that the MOUs and agreements were signed in Caracas during the recent trip of Iran’s Majlis Speaker Golam-Ali Haddad-Adel to the Latin American states of Cuba and Venezuela. The two countries made agreements on the establishment of the joint Forex fund, an assembly line for Iranian passenger cars of...

TEHRAN (AFX) - Renault SA has accepted conditions set by Iran governing the production of its low-cost Logan model in the country, after previously refusing, deputy industry minister Mohsen Shaterzadeh said. Renault now accepts that 20 pct of production should be earmarked for export and an amended contract with the group is expected to be signed in the next two weeks, state television cited Shaterzadeh as saying. Iran said on April 18 that the Logan project was suspended until Renault accepted Iran's demand to be given access to foreign markets and a week later warned that the dispute was endangering the project...

Mohsen Shaterzadeh, deputy minister of industries and mines for economic and international affairs on Monday told the Mehr News Agency Iran and Venezuela have recently signed eleven memorandum of understandings (MOUs) and agreements on different industrial sectors. He added that the MOUs and agreements were signed in Karakas during the recent trip of Iran's Majlis Speaker Golam-Ali Haddad-Adel to the Latin American states of Cuba and Venezuela. The two countries made agreements on the establishment of the joint Forex fund, an assembly line for Iranian passenger cars of Samand and Pride, and construction of the used...

TEHRAN - The first batch of the Iranian passenger car Samand to be produced in Venezuela will hit the South American nation's market by November this year, an official with Iran's Ministry of Industries and Mines said. The contract on the manufacture in Venezuela of the Iranian sedan, Samand, has already been finalized and the first series of the cars will be offered soon, a report quoted Mohsen Shaterzadeh as saying here on Friday. He also commented on the exports to the South American nations of the Iranian farm tractors produced at the Venezuela's assembly lines and said, out of four types of the tractors built in Venezuela...

The first batch of the Iranian passenger car Samand to be produced in Venezuela will hit the South American nation's market by November this year, an official with Iran's Ministry of Industries and Mines said. The contract on the manufacture in Venezuela of the Iranian sedan, Samand, has already been finalized and the first series of the cars will be offered soon, a report quoted Mohsen Shaterzadeh as saying here on Friday. He also commented on the exports to the South American nations of the Iranian farm tractors produced at the Venezuela's assembly lines and said, out of four types of the tractors...

Caracas, Venezuela, June 14, 2006—The Iranian Vice-Ministerof Light Industry, Mohsen Shaterzadeh, announced thisweek that the Islamic Republic of Iran is planning to invest more than $9billion in 125 development projects in Venezuela as part of bilateralcooperation agreements between the two countries. Shaterzadeh declared that they hadalready signed contracts worth over a billion dollars, to build 2,500 homes andthe Cerro Azul Cement Factory, in the Punceres Municipality in the Venezuelanstate of Monagas. Shaterzadeh made the declarationson his visit to Cerro Azul, where Cerro Azul Cements President Rafael Lugoexplained that...

TEHRAN, May 10 (Mehr News Agency) -- Iran Shipbuilding and Offshore Industries Complex Co. (ISOICO) has managed to conclude an agreement worth $5 billion on the development of marine industries and shipbuilding with Venezuela, noted Iran's deputy industries and mines minister Mohsen Shaterzadeh. Also, Iran, Venezuela and Bolivia have signed a trilateral memorandum of understanding (MOU) on the expansion of the shipbuilding industries, the Iranian official told Mehr News Agency (Mehr News Agency) on Wednesday. "Despite the $1 billion investment in the shipbuilding industries we have been able to employ only 30...

TEHRAN: Iran warned Renault on Tuesday that the production of its popular Megane sedans in the country will be contingent upon the fate of the controversial L90 project.Mohsen Shaterzadeh, deputy industries minister for economic and international affairs, told ISNA that Megane production 'was expected to begin next month'. He said the Ministry of Industries and Mines has rejected Renault's request that the Iranian side exports L90 parts, adding that Iran wants to export 'complete cars'.The official said, however, that talks are still continuing on the issue, and that the giant French carmaker has accepted other conditions set by Iran for the project."Renault has proposed that it is ready to...

TEHRAN: Talks are underway with Venezuela on the establishment of a joint bank or investment fund, said a senior official at the Ministry of Industries and Mines here on Tuesday.Mohsen Shaterzadeh, deputy minister for economic and international affairs, told Fars news agency that the new venture is estimated at one billion dollars."Financial resources of this fund or bank will be used for investment in joint projects," he said, stressing that the two countries have so far signed 90 cooperation agreements and memoranda of understanding worth $7.5 billion," he said.The official recalled that half the investments made in Venezuela's...

Mohsen Shaterzadeh, an official of MAPNA International Company said on Monday that Iran would construct a combined cycle power plant at the overall cost of 170 million euros in Armenia within next 3 years. Initially, several gas units will be added to the current steam units. The Harazdan Power Plant was constructed by Russia nine years ago with 80 percent physical progress. However, it remained incomplete due to the internal situation of Russia after the collapse of the USSR and separation of Armenian, he stated. Shaterzadeh added that in his recent visit to Iran, the Armenian energy minister held negotiations with the managing director...

TEHRAN — Mohsen Shaterzadeh, an official of MAPNA International Company said on Monday that Iran would construct a combined cycle power plant at the overall cost of 170 million euros in Armenia within next 3 years. Initially, several gas units will be added to the current steam units. The Harazdan Power Plant was constructed by Russia nine years ago with 80 percent physical progress. However, it remained incomplete due to the internal situation of Russia after the collapse of the USSR and separation of Armenian, he stated. Shaterzadeh added that in his recent visit to Iran, the Armenian energy minister held negotiations with the managing...