President Ebrahim Raisi has ordered ministries of trade and finance to introduce an outright ban on home appliances imports into the country after the Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei warned that such shipments could paralyze local manufacturers.
The Islamic Republic of Iran and South Korea agreed on the way of transferring and using a part of Iran’s blocked assets in South Korea.
South Korean companies imported $101.2 million worth of Iranian crude last month, the first such move in five months, data showed Tuesday. The January figure represents less than one-fifth of $539 million, the average monthly Iranian crude oil imports for the first seven months of 2018, according to the data from the Korea Customs Service, […]
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 […]
An Iranian parliamentary delegation left Tehran for South Korean capital city of Seoul on Sunday morning. Headed by Assadollah Abbasi, the MP from Constituency of Roudsar, Iranian parliamentary friendship group left Tehran for South Korean capital city of Seoul this morning. The five-strong parliamentary delegation left Tehran early on Sunday, making the visit upon the […]
South Korea’s imports of Iranian oil fell 40.3 percent in June from the same month a year ago to their lowest since January 2015. South Korea, one of Asia’s major Iranian oil customers, imported 686,849 tons of Iranian crude in June, or 167,820 barrels per day (bpd), compared with 1.15 million tons in June 2017, […]
South Korean President Moon Jae-in and his American counterpart, Donald Trump, have reportedly agreed to exert extra pressure on North Korea. South Korea’s presidential office spokesman Park Soo-hyun said on Sunday that Moon and Trump had in a Sunday telephone conversation strongly condemned the latest missile launch by North Korea and agreed to work with […]