Tag Archives: deal

Trump’s decision to come on Iran nuclear deal


MNA International Desk: U.S. President Donald Trump will announce on Tuesday whether he will pull out of the Iran nuclear deal or stay in. It will also clear if US administration will work with its European allies who say the deal has successfully halted Iran’s nuclear ambitions. Trump has consistently threatened to pull out of the 2015 agreement because it does not address Iran’s ballistic missile program or its role in wars in Syria and Yemen, and does not permanently prevent Tehran from developing nuclear weapons. A senior U.S. official close to the process said France, Germany and Britain had ...

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Deal approved with Posco Daewoo for sea gas exploration

Posco Daewoo

MNA Business Desk: The Cabinet Economic Affairs Committee on Wednesday in principle approved the Energy Division’s proposal to sign the final deal with South Korean Posco Daewoo International Corporation for oil and gas exploration in the deep sea block DS-12. The Cabinet body approved the proposal along with four others in a meeting held with Finance Minister AMA Muhith in the chair. The other proposals include awarding contract to develop Chinese Economic and Industrial Zone with Chinese government’s financing, awarding contract to PowerPac East West-GasMin Consortium to develop and operate Mirsarai Economic Zone, and construction of Khanjahan Ali Airport Construction ...

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Bangladesh signed agreement with Iran on LPG production


MNA Business Desk: Bangladesh has signed an agreement with oil and gas-rich Iran on the production of LPG bullet trucks, LPG industrial storage tanks, household cylinders for cooking stoves and cylinders for vehicles in Dhaka. This is the first contract related to combined investment between the two countries since international sanctions earlier enforced on Iran were lifted following last July’s landmark deal on curbing Tehran’s nuclear program. Following the deal with the West, Iranian Foreign Minister Mohammad Javad Zarif visited Dhaka and showed attention in improving relations with Bangladesh. Iranian Ambassador Abbas Vaezi said that this would open “a new ...

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