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U.S. to Dissuade Big Firms from Trading with Iran via SPV
The United States sees no corporate demand from any significant company to use the Special Purpose Vehicle (SPV), established by the European Union to continue trade with Iran in the face of US sanctions, US Special Representative for Iran Brian Hook told.
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Iran's Enforcing Contract Rank Stands at 89
World Bank in its enforcing contracts indicator's report states that Iran's rank reached 89 in the world.
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Iran to Ink Free-Trade Agreement with EEU
Free-trade agreements are expected to be signed between the Russia-led Eurasian Economic Union (EEU) and, Iran, Singapore, India and Egypt in the near future.
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By the end of 2019:
Iran's Energy Corridor with 3 European Nations to be Implemented
Russia-Georgia-Armenia-Iran energy corridor project presentation will take place by the end of 2019, Russian deputy energy minister Anatoly Yanovski told.
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Iran,Russia Eliminating Dollar in Bilateral Trade
Moscow and Tehran have “essentially” turned away from the greenback in bilateral trade, and are using the ruble and rial for payments, the Russian ambassador to the Islamic Republic has revealed.
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Iran, Iraq Ink Payment Mechanism Agreement
Governors of central banks of Iran and Iraq signed a payment mechanism agreement in Baghdad last night.
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CBI's Governor Pays Visit to his Iraqi Counterpart
Central Bank of Iran's Governor on his Instagram elaborated on his meeting with his Iraqi counterpart.
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EU Prepared to Establish INSTEX with Iran
The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).
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8th Conference of Electronic Banking and Payment Systems Kick off
The 8th annual conference of electronic banking and payment systems are being held in the presence of senior Iranian bankers and economists in Tehran.
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Japanese Company Purchases 850000 Barrels of Iranian Oil
Cosmo Oil has started loading its first Iranian crude oil cargo, the latest Japanese refiner to resume import of Iranian oil more than two months after the US sanctions waiver was granted.
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in 2018:
Iran Oil Exports to China Stand at 29.274 Million Tonnes
The whole volume of Iranian oil exports to China in 2018 were over 585 thousand barrels per day.
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EU to Establish Payment Channel with Iran by Monday
The European Commission said it’s seeking to launch “very soon” a special purpose vehicle to help European companies bypass U.S. sanctions on Iran, with three European diplomats saying the official unveiling could come as early as Monday.
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Japanese Refinery Loads 2 Million Barrels of Iranian Oil
Japan started to receive its first Iranian oil cargo after winning oil waiver from the U.S.A.
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Third Stage of Supplying Oil in Iran Stock Market Finalized
Iranian oil minister said the third stage of selling oil in stock market will be carried out in the current week.
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China Offers New Oil Deal to Iran
The offer is part of an existing contract between state-run Chinese energy giant Sinopec and the National Iranian Oil Company to operate the lucrative Yadavaran oilfield in the Islamic Republic's southwestern area.
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Rupee Payment Mechanism to Increase Indian Pharma Exports to Iran
The Indian pharma industry now has an opportunity to increase exports to Iran, following a rupee payment mechanism agreed upon recently by India and Iran.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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).