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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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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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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).
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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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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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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 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.