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After the coup of 19 March 1953 in the socio-political history of Iran there were fundamental changes: the powers of parliament were limited and the absolute power of Mohammad Reza Shah Pahlavi was...

In the Middle East, Saudi Arabia and the Islamic Republic of Iran are two countries that claim to leadership in the region. With a powerful resources and political potential these countries are the...

China

16.07.2012

A joint meeting of the Ambassadors of Kazakhstan Nurlan Yermekbayev and Turkey Murat Salim Esenli with Chinese Deputy Foreign Minister Chen Guoping was held on July 13 in Beijing, Kazakh Foreign Ministry said.

During the meeting, Yermekbayev and Esenli invited Chinese Foreign Minister Yang Jiechi on behalf of Foreign Ministers of Kazakhstan and Turkey to attend the 4th meeting of the Council of Foreign Ministers of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) to be held in Astana on September 12

10.07.2012

Development plans of two oilfields, namely Yadavaran and Azadegan, have been started by Chinese companies' $20 billion investment, aimed to produce 700,000 barrels of oil per day (bpd), the Shana News Agency quoted Oil Minister Rostam Qasemi as saying.

Over 20 drilling rigs have been commissioned at the two oilfields, the minister added.

The Azadegan oilfield is located close to the Iraqi border. The field holds around 33.2 billion barrels of in-situ oil deposit, of which 5.2 billion barrels are recoverable.

10.07.2012

Kazakh-Chinese Joint Commission on the use and protection of transboundary rivers discussed topical issues of joint transboundary water consumption between the two countries, including the implementation of the Plan of the major directions of technical work on water allocation in transboundary rivers at the 9th meeting of the Working Group of Experts, which was held in Beijing from July 3 to 6.

09.07.2012

A Chinese company has invested $500 million in building a coal-fired power plant in Tabas, central Iran, the deputy energy minister said, without naming the company, Tehran Times reported.

The Mehr News Agency quoted Mohammad Behzad as saying that the power plant will have a generating capacity of 650 megawatts.

He put the total budget required for the project at around 7 trillion rials (some $570 million).

02.07.2012

Apple Inc has paid 60 million dollars to a company in southern China to use the name iPad to sell the popular tablet computer in the country, a court and lawyer said Monday, DPA reported.

The funds had been transferred to Proview International Holdings Ltd, which holds the trademark in China, the Higher People's Court of Guangdong Province said.

The California-based manufacturer agreed to the settlement last week, after earlier losing a court battle for the Chinese rights to the name, Proview's lawyer Ma Dongziao told dpa.

26.06.2012

The Uzbek-Chinese Elektr Quvvat Qurilmalar was commissioned in Uzbekistan, Uzbekenergo told Trend on Monday.

The production capacity is up to 100,000 0.4, 10 and 35 kVA power transformers per year. The company plans to launch production of transformers with a capacity of up to 1,000 kVA in the future.

It is envisaged that at the first stage, ten percent of the products will be exported. This figure will be increased up to 20 percent, as well as ensure a level of localization of production by 30 percent in 2013-2014.

26.06.2012

The U.S. government's decision to exempt India but not China from the sanctions, was a clear message that Chinese firms were soon to be included in the list of sanctioned firms with serious financial and market-access consequences for them, EU economic advisor Mehrdad Emadi told Trend.

The advisor was commenting on how China will continue to deal with Iran's oil imports, while not being included in the list of U.S. exempted countries that significantly reduced their oil imports from the Islamic Republic.

20.06.2012

China's Unipec, trading arm of top Asian refiner Sinopec Corp, has requested Iran to deliver July-loading crude cargoes to Chinese ports, ahead of a European insurance ban on Iranian oil exports that takes effect from July 1, Reuters reported.

"There is a company mandate requesting the July Iranian supplies to be on a delivered basis," said one oil official.

A European Union embargo on Iranian crude oil is set for July, but higher output from Saudi Arabia, Iraq and post-Gaddafi Libya has helped keep global supply ample, even as Iran's customers look for alternatives to Iran's oil.

18.06.2012

There is great potential for the development of relations between Azerbaijan and the Chinese provinces, Chinese Commerce Minister Chen Deming said during a meeting with Azerbaijani Economic Development Minister Shahin Mustafayev in Beijing, the Azerbaijani Economic Development Ministry said on Monday.

The sides noted development of cooperation between countries in different sectors and the great potential for its further development, and exchanged views on expanding economic and trade relations.

07.06.2012

Chinese President Hu Jintao said Thursday China will offer a loan of 10 billion U.S. dollars to support economic cooperation within the Shanghai Cooperation Organization (SCO), Xinhua reported.

The loans will also be used to promote the development of the SCO members, said the Chinese president while addressing the SCO summit in Beijing.