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Mar 2, 2021

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

    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.

    14 January 19 - 15:9
  • US Won't Grant More Waivers for Iran Oil: Brian Hook

    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.

    12 January 19 - 12:57
  • India Embarks on Settlement of Iran Oil Payment in Rupee

    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.

    9 January 19 - 10:18
  • Iran to Export 3 Million Tonnes of Oil to Turkey

    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.

    8 January 19 - 16:26
  • India Grants License to Iranian Bank to Open Branch in Mumbai

    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.

    8 January 19 - 11:40
  • Iran to Eliminate Four Zeros from its Currency

    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.

    6 January 19 - 12:59
  • Iran Approves Anti Money Laundering Amendment Bill

    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.

    5 January 19 - 17:19
  • Iran to Invest 4 Billion Dollars in Indian Oil Sector

    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.

    3 January 19 - 11:22
  • India Exempts Iranian Oil Payment in Rupee from Tax

    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.

    1 January 19 - 11:6
  • Using National Currencies on Iran,Syria Agenda

    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.

    31 December 18 - 20:27
  • Iran Trade Surplus Hits 738 Million Dollars

    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).

    30 December 18 - 12:51
  • Iran Oil Exports to Asian Countries Decrease

    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.

    29 December 18 - 15:52
  • National Development Fund of Iran Grants $8.550 bn Currency Facilities

    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).

    28 December 18 - 14:59
  • Iran, Europe to Ink Customs Agreement

    Iran, Europe to Ink Customs Agreement

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

    26 December 18 - 17:4
  • Iran Oil Exports to India Decrease

    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.

    25 December 18 - 12:46
  • Oman to Strengthen Air Transport Ties with Iran

    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.

    24 December 18 - 13:33
  • India to Develop Payment Mechanism within 2 Weeks

    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.

    23 December 18 - 13:13
  • U.S. Seeking to Stymie Iranian Cryptocurrency Development Plan

    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.

    23 December 18 - 10:39
  • Berlin to Ban Mahan Air from Landing at German Airports

    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.

    22 December 18 - 11:39
  • France Fines TOTAL 500000 Euros for Bribery Case in Iran

    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.

    22 December 18 - 11:17
  • Iraq Receives more Waiver for Importing Electricity from Iran

    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.

    22 December 18 - 11:9
  • China's Kunlun Bank Resumes Financial Transactions with Iran

    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.

    21 December 18 - 11:24
  • Switzerland to Establish Payment Channel 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.

    20 December 18 - 8:17
  • India to Deposit Iran's Oil Payment into 5 Escrow Accounts

    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.

    19 December 18 - 11:21
  • Iran Had No Oil Export to South Korea in November

    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.

    15 December 18 - 16:20
  • Iran Becomes Sixth Biggest Oil Supplier of India

    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.

    14 December 18 - 13:52
  • Germany Exports to Iran Skyrocket

    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.

    12 December 18 - 8:56
  • Iran Sets Tempting Discount for Asian Oil Buyers

    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.

    11 December 18 - 14:48
  • Iran Government's Cabinet to Review Cryptocurrencies Legislation

    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.

    11 December 18 - 12:50
  • EU to Establish Payment Channel to Have Trade with Iran in Near Future

    EU to Establish Payment Channel to Have Trade with Iran in Near Future

    Brussels will create an alternative payment channel to facilitate financial transactions between the European Union and Iran in the near future to bypass US sanctions, the EU’s top diplomat, Federica Mogherini, has announced.

    11 December 18 - 9:53
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