Iran to sell oil at ‘gray market’: dep. oil. min
Iranian Deputy Oil Minister Amir Hossein Zamaninia announced on Sunday that Iran has mobilized all its resources to sell oil in a 'grey market', to circumvent illegitimate US sanctions against the country.
Iran has 3rd largest GOR among region’s oil exporters: IMF
The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook: Middle East, North Africa and Central Asia” puts Iran’s Gross Official Reserves (GOR) at $108.3 billion for 2018, marking it the third biggest oil exporting country in terms of GOR.
Bypassing sanctions by replacing gas with gasoline
Project commissioner of compressed natural gas (CNG) plan of the National Iranian Oil Products, Refining and Distribution Company (NIOPRDC) Hamid Ghasemi Deh-Cheshmeh said on Saturday that the country can bypass sanctions by replacing gas with gasoline.
Iran, Syria agree to establish joint task force on custom affairs
Senior officials of Iran and Syria agreed to establish a joint task force on custom affairs in a bid to facilitate trade between the two countries.
IRGC chief commander says US cannot squeeze Iran by oil sanctions
The IRGC chief commander Major General Hossein Salami said Sat. that Iran’s economy is not dependent on oil, adding that the US cannot squeeze Iran by the sanctions.
Steel exports to be continued in current year
Chairman of Iranian Steel Producers Association (ISPA) Bahram Sobhani said on Saturday that the country has not any problem in the field of exporting of steel.
Dutch firms still cooperating with Iran’s oil industry despite US sanctions
Despite US’ unilateral sanctions on Iran, Dutch oil and gas companies still have a significant presence in the country, said an oil expert and the representative of a Dutch firm in the 24th round of Iran Oil Show.
S. Africa sees no limitation for direct coop. with Iran
The sales director of a South African firm said despite unilateral US sanctions on Iran, his company has no limitation for direct cooperation with Iranian businesses and corporations.
CBI outlines 6 tactics to neutralize US economic pressure
Governor of the Central Bank of Iran has outlined six strategies to counter and neutralize the US economic pressures and rein in inflation.
Iran Sanctions Impact Oil Consumers
Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani spoke out against Washington’s decision not to extend sanctions waivers on exports of Iranian oil, saying the US’ unwise move hurt the countries that rely on the supplies.