Iran
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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).
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Iran, Europe to Ink Customs Agreement
Iran and the European Union are reviewing a comprehensive customs agreement and other related cooperation programs.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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France to Host Special Purpose Vehicle
A German newspaper reported that France has ultimately agreed to host SPV to save Iran nuclear deal.
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NIMA System Provides 6.8 bn Euros Foreign Currency for Imports
Central Bank of Iran reported that since starting NIMA system activity, 6.8 bn euros foreign currency has been provided for importing required commodities and services to Iran.
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Iran Oil Exports to China Increase in December
China's Iranian oil imports are set to rebound in December after two state-owned refiners in the world's largest oil importer began using the nation's waiver from U.S. sanctions on Iran.
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India to Use Rupee-Based Payment Mechanism for Iran's Oil Imports
India will import crude oil from Iran using a rupee-based payment mechanism, an industry person said.
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Huawei Manager Arrested due to Violating U.S. Sanctions on Iran
Huawei Technologies Co.’s chief financial officer was arrested in Canada over potential violations of U.S. sanctions on Iran.
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Turkey's Oil Purchase from Iran Drops Drastically
Turkey's purchases of Iranian crude oil fell to zero in November, according to a source familiar with the matter.
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U.S. Likely to Extend Iraq Waiver for Iranian Energy Imports: Official
Iraq won't be left hanging amid Washington's sanctions on Iran, which supplies almost half of its electricity, experts familiar with U.S. policy say.