ran and Oman have launched a fourth direct shipping route between the countries, according to the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). The route between Iran’s port city of Jask and the Omani port of Al Suwaiq, joins three others already in operation. The first shipping route between the two […]
TEHRAN (Tasnim) – The head of Iran-China Joint Chamber of Commerce said the hurdles in banking transactions between Tehran and Beijing have been cleared. In an interview with Tasnim, Asadollah Asgaroladi said problems faced by Iranian merchants in trading with China have been resolved. “As of December 2, a Chinese bank will begin banking transactions with Iran,” he […]
TEHRAN, Dec. 04 (MNA) – Iran’s Deputy Foreign Minister for Political Affairs said that abiding by FATF regulations is a requirement for the implantation of Special-Purpose Vehicle (SPV) or any other financial mechanism. “If the Iranian banks which are subject to US sanctions are affected by FATF sanctions, it would be natural that they cannot […]
SINGAPORE/SEOUL (Reuters) – With supply from major producer Iran uncertain, big condensate user South Korea is scouring the world for alternative sources of this key ingredient in its large chemical industry to avert shortages – a process that is proving to be costly for buyers. Condensate, a type of ultra-light crude oil, is a feedstock […]
ore than 4.7 million foreigners travelled to Iran during the seven months to October 22, according to Ali Asghar Mounesan, the head of Iran’s Cultural Heritage, Handicraft and Tourism Organization. The number shows a growth of 56% in total number of foreign visitors compared with the same period last year. “Despite all the externals restrictions, […]
TEHRAN, Dec. 02 (MNA) – An official working in Iran’s banking system said Sun. that the country has held several sessions with a major European bank during which the bank has voiced readiness to resume cooperation with Iran in the face of US sanctions. Ahmad Taheri Behbahani made the remark during the unveiling ceremony for […]
France and Germany will likely host the Special Vehicle Purpose (SPV), a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanctions, senior diplomats told the Wall Street Journal. The Monday report said the governments participating in the payment channel will directly manage the company […]
China’s CNPC replacing France’s Total in Iran project DUBAI (Reuters) – China’s state-owned CNPC has replaced France’s Total <TOTF.PA> in Iran’s multi-billion dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday. “China’s CNPC has officially replaced Total in Phase 11 of South Pars but […]
China is said to resume Iran oil imports after receiving curbs waiver Asia’s largest buyer of Iranian oil is said to have resumed purchases from the Gulf state following a one-month hiatus, a move that will help allay fears that US sanctions on the Opec producer will constrain global supplies. China will start loading the […]
The International Atomic Energy Agency (IAEA) has once again confirmed that Iran continues to fulfill the commitments made under the agreement on the Iranian nuclear program, said Yukiya Amano, general director of the organization. “Iran fulfills commitments related to the nuclear program within the framework of the Joint Comprehensive Plan of Action. It is very […]