In spite of US sanctions imposed on Iran, India will continue to import oil from Iran. “We have had several rounds of meeting with Iran and several other stakeholders. I can tell you that India continues to import oil from Iran. We have got a waiver in this regard and we will continue to be engaged with all the stakeholders as far as matters […]

 South Korea is expected to restart imports of Iranian crude oil in late January or early February, Reuters reported quoting the head of South Korea’s SK Innovation, which owns the country’s biggest oil refiner SK Energy, as saying on Wednesday. The U.S. launched new sanctions on Iran’s petroleum sector on November 4, but it has […]

 Iranian Oil Minister Bijan Namdar Zanganeh and his Iraqi counterpart Thamir Ghadhban met on Thursday to discuss expansion of bilateral ties in energy sector. Heading a high-ranking delegation, Zanganeh was welcomed by Ghadhban in Baghdad, Shana reported. Speaking in a press conference after the meeting between the two countries’ officials, Iranian minister underlined the great […]

 Iran will not be complying with the “fully illegal” US sanctions, Iranian Oil Minister Bijan Zanganeh said on Thursday, in yet another defiant statement from Tehran after the American sanctions on Iran’s oil and shipping industry snapped back in early November. “We believe that we should not comply with the illegal sanctions against Iran,” Reuters […]

India has begun paying Iran for oil in rupees, Reuters reported quoting an Indian senior bank official as saying on Tuesday. It is the first such payment since the United States imposed new sanctions against Iran in November. The U.S. has given a six-month waiver to eight countries including India for imports of Iranian oil. […]

“The plan on amending domestic banking system is being investigated comprehensively and will become operational after getting prepared,” the governor of the Central Bank of Iran (CBI) announced in social media. According to Abdolnaser Hemmati, CBI’s Money and Credit Council has approved two major foreign currency exchange mechanisms, the first is formation of ‘an organized […]

Turkey has resumed imports of Iranian crude oil under the U.S. sanctions waiver, according to the trading and shipping sources. The country restarted oil imports from Iran after a one-month stop in November when U.S. sanctions on Iran were reimposed, Reuters reported on Tuesday. Turkey used to import about 200,000 barres per day (bpd) of […]

 Iran’s Trade and Promotion Organization (TPO) plans to dispatch a trade and marketing delegation to Japan in early March. The delegates active in the agriculture and food sectors are to visit the 44th International Exhibition of Food and Beverages (Foodex 2019) which is planned to be held at Makuhari Messe in Japan during March 5-8, […]

 India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil after the US unilaterally withdrew from the […]

 Head of Iran’s Tea Organization Habib Jahansaz said Iran has exported about 13000 tons of tea worth $17 million during the first nine months of the current Iranian year (March 21-Dec. 21, 2018). Speaking to IRIB on Tuesday, Jahansaz said the government purchased about 112,000 tons of fresh tea leaves from local farmers in the north of Iran; […]