The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.
News ID: 5173 Publish Date : 2019/07/14
Iranian Oil Minister Bijan Namdar Zanganeh announced that the country successfully completed installing a super-size drilling rig at South Pars gas field in the Persian Gulf, the largest in the world, without any foreign company involved after Tehran made its industries self-sufficient to defy the US unilateral sanctions.
News ID: 5157 Publish Date : 2019/07/14
When the nuclear deal, also known as the JCPOA, was signed between Iran and the world powers in 2015, supporters of the deal were hoping that it would allow Tehran to attract greater foreign investment and increase trade to boost its economy.
News ID: 5140 Publish Date : 2019/07/12
Russia will ignore US sanctions against Iran and continue to trade with the Middle Eastern nation without creating any special mechanisms, Russian Permanent Representative to the European Union Vladimir Chizhov stated.
News ID: 5106 Publish Date : 2019/07/10
The Iranian oil minister said on Sunday that his is confident the Iran’s oil sales will improve in the future despite the US sanctions.
News ID: 5072 Publish Date : 2019/07/09
The Iranian lawmakers passed a government bill that encourages and supports investment by both countries. However, the US sanctions have hindered that joint Iran-European projects be materialized.
News ID: 5067 Publish Date : 2019/07/08
Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security.
News ID: 5019 Publish Date : 2019/07/04
Chairman of the Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq highlighted the ineffectiveness of the Europeans’ long-awaited financial mechanism, known as INSTEX, in the face of US sanctions and said it cannot perform miracles for Tehran.
News ID: 4995 Publish Date : 2019/07/02
This was another dull week for Iranian billet export market. In fact, the country’s billet export market went through resilient phase throughout the month.
News ID: 4974 Publish Date : 2019/07/01
The United States' unilateral sanctions against Iran have failed to block export of copper from the country, Bahram Shakouri, a member of Iran’s Copper Association, said, adding that Iran plans to increase its annual production of copper cathode to 450,000 tons.
News ID: 4950 Publish Date : 2019/06/30
Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed all sanction waivers for Iranian oil customers as of May.
News ID: 4943 Publish Date : 2019/06/30
China does not support US policy on eliminating Iran's oil exports, the director-general of the Department of Arms Control at the Chinese Foreign Ministry stated on Friday.
News ID: 4937 Publish Date : 2019/06/29
A senior Iranian legislator underlined the necessity for the European states to help Iran stand against the US sanctions by buying its crude and facilitate banking transactions, as part of their obligations under the nuclear deal.
News ID: 4936 Publish Date : 2019/06/29
Russia’s Foreign Ministry said the 2015 Iran nuclear deal’s parties are figuring out how to enable Tehran to continue exporting enriched uranium and heavy water in defiance of the US sanctions.
News ID: 4931 Publish Date : 2019/06/29
Iran’s oil and gas industries are growing reliance on domestic capacities and indigenous technologies, Iranian Deputy Oil Minister Alireza Sadeqabadi said, adding that the country has risen its refining capacity by 40 percent in the past 2 years when the US was throwing its weight behind crippling Tehran’s crude exports.
News ID: 4904 Publish Date : 2019/06/25
Russia is willing to step in to help Iran export its oil while the country is struggling to keep the oil flowing due to the new US sanctions.
News ID: 4883 Publish Date : 2019/06/23
The Iranian Parliament’s Research Center (IPRC) released a new plan on how to deflate the US economic pressures by cutting off dependence on oil revenues as a counter-strategy against the US sanctions on Iranian crude supplies.
News ID: 4790 Publish Date : 2019/06/10
Iran’s Ambassador to Turkey Mohammad Farazmand announced that Tehran and Ankara are working on a financial mechanism channel to bypass the US unilateral sanctions in a bid to prevent bilateral trade from falling victim to trans-regional players.
News ID: 4721 Publish Date : 2019/06/01
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
News ID: 4713 Publish Date : 2019/06/01
Iran’s lawmakers, in a statement on Sunday, voiced their support for recent decisions by the Atomic Energy Organization of Iran (AEOI) to counteract the latest sanctions imposed by the US administration against the Islamic Republic.
News ID: 4679 Publish Date : 2019/05/30