China’s Foreign Ministry spokesman says Beijing’s energy cooperation with Tehran and its oil imports from the Islamic Republic are conducted under the framework of the international law, and the two countries will continue their normal cooperation. Addressing a press conference in Beijing on Tuesday, Geng Shuang said, “as for China’s energy cooperation with Iran and […]

Parliament Speaker Ali Larijani said Wed. that Leader of Islamic Revolution Ayatollah Khamenei has ordered for reforms in the country’s structure within the next four months. Ali Larijani made the remark in an administrative council meeting on Wednesday in Qom, adding that some changes within the framework of the mentioned reforms may be made in […]

 Japan’s largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude oil as early as Monday, almost three months after the US sanctions waiver was granted. According to S&P Global Platts, the VLCC Eneos Breeze is scheduled to arrive at Iran’s Kharg Island Monday to load the cargo. A JXTG […]

 Hyundai Oilbank Company, a major South Korean refiner, plans to import 2 million barrels of Iranian condensate this month, a person familiar with the issue said Monday. It would be Hyundai Oilbank’s first imports of ultralight crude since September, two months before the United States reimposed its unilateral sanctions on Iran, South Korea Herald reported. […]

The Radio France says that it is unlikely that the newly unveiled trade mechanism by EU for trade with Iran will have significant impact on Iran-Europe trade relations, adding that the channel can only be used by small companies. Three major European countries, France, Germany, and the UK, announced the establishment of INSTEX (Instrument in […]

Several European countries have set up a new transaction channel that will allow companies to continue trading with Iran despite U.S. sanctions. The announcement was made on Thursday. The channel, set up by Germany, France, and the UK, is called INSTEX — short for “Instrument in Support of Trade Exchanges.” “We’re making clear that we […]

Germany, France and Britain officially set up a European payment channel with Iran called INSTEX, to help continue trade with Tehran and circumvent US sanctions. The channel, set up by Germany, France and the UK, is called INSTEX, an abbreviation for “Instrument in Support of Trade Exchanges,” NDR reported on Thursday. The payment channel would […]

Leader of the National Wisdom Movement of Iraq has once again condemned the US unilateral sanctions against Iran, saying Washington must abide by international law. Ammar al-Hakim made the remarks in a meeting with Iranian ambassador to Baghdad Iraj Masjedi. During the meeting on Monday, the two sides conferred on the latest political developments in […]

 Iran’s nuclear chief has urged Europe to accelerate the launch of a promised trade mechanism aimed at bypassing US sanctions before it becomes too late. In an interview with the Islamic Republic News Agency (IRNA) published on Sunday, Head of Atomic Energy Organization of Iran (AEOI), Ali Akbar Salehi, commented on the current situation of […]

 A representative of Germany may become the head of the Special Purpose Vehicle (SPV) that Europe is preparing to conduct transactions with Iran bypassing US sanctions, a source in the EU institutions told Sputnik Tuesday. A representative of Germany may become the head of the Special Purpose Vehicle(SPV) that Europe is preparing to conduct transactions with Iran bypassing US sanctions, a source […]