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CBI to launch new mechanism next week to curb rising prices in foreign currency market 05 May 2019

CBI to launch new mechanism next week to curb rising prices in foreign currency market

An official with central bank of Iran (CBI) says that the previously announced one single organized foreign currency market will be inaugurated as soon as next week.

Iran to sell oil at ‘gray market’: dep. oil. min 05 May 2019

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 05 May 2019

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 05 May 2019

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 05 May 2019

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 05 May 2019

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 04 May 2019

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 04 May 2019

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 04 May 2019

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 04 May 2019

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.