Turkey Begins Rail Exports
Turkey Begins Rail Exports

Turkey Begins Rail Exports

Turkey Begins Rail Exports

Turkish steel producer Kardemir has shipped 10,000 tons of rail to Iran as part of an €80-million contract to export 140,000 tons of rail, according to the company’s CEO Mesut Ugur Yilmaz.
“The company has so far produced 40,000 tons of rail as per the contract,” he was quoted as saying by Turkish newspaper Hurriyet. Turkey signed the contract with Iran in April to barter Turkish rail in exchange for Iranian oil to be supplied to Turkish Petroleum Refineries Company. According to the Minister of Roads and Urban Development Abbas Akhoundi, Iran needs to build 1,500 kilometers of railroads, for which it needs 1.8 million tons of rails by 2021.
The Islamic Republic of Iran Railways says Iran needs an average of 300,000-400,000 tons of rail per year to meet the needs of this key transport sector.
Back in August, New Delhi-based steel and energy company Jindal Steel and Power Limited dispatched the first consignment of 1,700 tons of rails out of a total order for 150,000 tons to Iran.
Export of rails by Indian steel companies to Iran is seen as part of the pact between the two countries to develop railroads and other infrastructure at the strategic Chabahar Port in southern Iran. New Delhi-based engineering and construction company IRCON International Limited is also building a rail line at Chabahar to move goods to Afghanistan.

Short URL : https://goo.gl/Zry1Wn
  1. https://goo.gl/zYHrcw
  • https://goo.gl/wrBsFk
  • https://goo.gl/1AjVnQ
  • https://goo.gl/4zDiyy
  • https://goo.gl/CZojCR

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Add new comment

Read our comment policy before posting your viewpoints