Japanese Banks to Settle Iran Oil Payment in Yen

Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month.

Iranian One-Million Barrel Condensate Cargo to Berth in South Korea

A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday.

US Won't Grant More Waivers for Iran Oil: Brian Hook

The United States will grant no more waivers for Iranian oil after the re-imposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday.

India Embarks on Settlement of Iran Oil Payment in Rupee

India has begun paying Iran for oil in rupees, a senior bank official said, the first such payments since the United States imposed new sanctions against Tehran in November.

Iran to Export 3 Million Tonnes of Oil to Turkey

Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when U.S. sanctions on Iran were reimposed, trading and shipping sources said.

India Grants License to Iranian Bank to Open Branch in Mumbai

Indian government has allowed an Iranian bank to open a branch in India,Shipping, Road transport and Highways Minister Nitin Gadkari said after a meeting with Iran's Foreign Minister Mohammad Javad Zarif.

Iran to Eliminate Four Zeros from its Currency

Abdolnaser Hemmati, Central Bank of Iran's Governor, reported that 4 zeros will be removed from the national currency.

Iran Approves Anti Money Laundering Amendment Bill

Iranian member of the Expediency Discernment Council reported that the amendment bill to Anti Money Laundering (AML) has been approved by this council.

Iran to Invest 4 Billion Dollars in Indian Oil Sector

Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the company’s managing director said, amid U.S. sanctions on the Persian Gulf nation that have severely hit its oil exports.

India Exempts Iranian Oil Payment in Rupee from Tax

Indian finance ministry has exempted rupee payments made to the National Iranian Oil Co. for crude oil imports from a steep withholding tax.

Using National Currencies on Iran,Syria Agenda

Central Bank of Iran's Governor and Syrian Minister of Economy in a cordial meeting emphasized the expansion of banking relations and using two countries' national currencies.

Iran Trade Surplus Hits 738 Million Dollars

Iran Customs Administration reports that Iran's trade surplus stood at 738 million dollars until the end of Azar month ( 21 November, 2108).

Iran Oil Exports to Asian Countries Decrease

Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November, government and ship-tracking data showed.

National Development Fund of Iran Grants $8.550 bn Currency Facilities

National Development Fund of Iran gave 8.550 billion dollars currency facilities through 12 operating banks in the first three months of the current year(based on Persian calendar).

Iran, Europe to Ink Customs Agreement

Iran and the European Union are reviewing a comprehensive customs agreement and other related cooperation programs.

Iran Oil Exports to India Decrease

India’s crude oil imports declined by 11.4 per cent year-on-year in November, the first fall since Iranian crude was restricted due to US sanctions.

Oman to Strengthen Air Transport Ties with Iran

A senior official from the Public Authority for Civil Aviation (PACA) discussed enhancing air transport ties with Iran and Uzbekistan during a recently held meeting.

India to Develop Payment Mechanism within 2 Weeks

Indian ambassador to the Islamic Republic of Iran says Indian payment mechanism will be developed within the next two weeks.

U.S. Seeking to Stymie Iranian Cryptocurrency Development Plan

A few days ago, Rep. Mike Gallagher (R-Wisc.) introduced a bill that attempts to prevent Iran from advancing in its efforts to create a cryptocurrency.

Berlin to Ban Mahan Air from Landing at German Airports

The German government is going to ban Iran’s Mahan Air airline from using German airports starting from 2019, local media reported.

France Fines TOTAL 500000 Euros for Bribery Case in Iran

A Paris court fined French oil and gas group Total (TOTF.PA) 500,000 euros ($570,000) on Friday for bribing foreign public officials in a case related to Iranian contracts in 1997.

Iraq Receives more Waiver for Importing Electricity from Iran

The United States has given Iraq a 90-day extension to the initial 45-day waiver allowing Baghdad to continue imports of electricity from Iran after the U.S. sanctions on Tehran returned, the U.S. State Department.

China's Kunlun Bank Resumes Financial Transactions with Iran

Member of Iran's Chamber of Commerce delegation reported that China's Kunlun Bank has resumed its banking relations with Iran.

Switzerland to Establish Payment Channel with Iran

Switzerland is close to launching an initiative to let companies sell food, medicine and medical devices to Iran using a payments channel that would be the first such mechanism to win Washington’s approval since it reimposed sanctions against Tehran.

India to Deposit Iran's Oil Payment into 5 Escrow Accounts

India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome U.S. sanctions, according to people with knowledge of the matter.

South Korea Customs:

Iran Had No Oil Export to South Korea in November

South Korea did not import any Iranian oil for the third straight month in November, customs data showed on Saturday.

Iran Becomes Sixth Biggest Oil Supplier of India

In November, India imported about 276,000 bpd of Iranian oil and Tehran became the sixth biggest supplier of New Delhi.

Germany Exports to Iran Skyrocket

German exports to Iran soared in October, a month before the United States re-instated sanctions on the Islamic Republic to choke its oil and shipping industries.

Iran Sets Tempting Discount for Asian Oil Buyers

Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at 30 cents above the Platts Oman/Dubai average for January, $1 lower than the previous month.

Iran Government's Cabinet to Review Cryptocurrencies Legislation

Secretary of Iran's Supreme Council of Cyberspace reported that several measures for regulating cryptocurrencies are underway in the government.