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Iran purchases 50 Embraer aircraft

The Iranian authorities have confirmed a deal with a Brazilian company for the purchase of 50 Embraer aircraft. "The deal with Embraer will be based on a contract with payment terms in installments," the representative …

S&P downgrades major oil producing countries

The international rating agency Standard & Poor's has downgraded the ratings of the major oil-producing states. S&P now assumes an average Brent oil price of $40 per barrel in 2016 and $50  per barrel in 2018. Earlier, in the …

Iran may export gas turbines to Brazil

Iranian Minister of Energy Hamid Chitchian said at the meeting with Brazilian Minister of Development, Industry and Foreign Trade, Armando Monteiro, that Iran is ready to export gas turbines to Brazil. …