Iran’s Renewable Energy Industry Growing Rapidly: Official
TEHRAN (Tasnim) – An Iranian energy official highlighted a rapid growth in the number of renewable energy plants across the country, saying more and more capital is being funneled into the industry.
Iran Says Tehran Got Exemption from OPEC-Non-OPEC Oil Output Cuts
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Zangeneh said Friday that Tehran would be exempt from the oil cuts within the production freeze deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel members.
Iran Seeks Exemption from OPEC Output Cuts
TEHRAN (Tasnim) – Iran’s oil minister voiced opposition to any decision by the Organization of the Petroleum Exporting Countries (OPEC) that may reduce the country’s crude output.
Iran’s Petrochemical Exports Up by 32% in 8 Months
TEHRAN (Tasnim) – The value of Iran’s exports of petrochemical products in the first 8 months of the current Iranian year (March 21 – November 21) increased by 32 percent compared to the same period last year, data released by Iran’s Customs Office showed.
Gigantic Offshore Platform Held in Place in Iran’s South Pars
TEHRAN (Tasnim) – Iranian experts installed the first platform of Phase 13 of the South Pars gas field after shipping the megastructure in the Persian Gulf on Wednesday.
Official: Iran’s Insurance Industry Unaffected by Sanctions
TEHRAN (Tasnim) – Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
Iran Urges OPEC to Cut Output to Curb Oil Price Fall
TEHRAN (Tasnim) – Iran’s envoy to the Organization of the Petroleum Exporting Countries (OPEC) warned that global oil prices would slump to $40 a barrel without a significant cut in the output of OPEC and its allies.
Qatar to Withdraw from OPEC as of January 2019, Minister Says
TEHRAN (Tasnim) - Qatar announced plans to pull out of OPEC on Monday, just days before a crucial meeting between the influential oil cartel and its allies.
Compensation for Iran’s Doomed Oil Tanker Paid, Official Says
TEHRAN (Tasnim) – A senior official at Iran Insurers Syndicate said all parties involved in the liability insurance of the Iranian oil tanker “Sanchi” that sank in the East China Sea in January have made their compensation payments.
Energy Minister Highlights Level of Iran-Russia Mutual Understanding
TEHRAN (Tasnim) – Iranian Energy Minister Reza Ardakanian stressed that Iran and Russia that are both facing Washington’s sanctions have a lot of common views and mutual understanding.
EU Payment System Not to Address Major Issues in Trade with Iran: US Author
TEHRAN (Tasnim) – An American author cast doubt over the practicality of the Special Purpose Vehicle (SPV), a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of the US sanctions.
Energy Minister Hails Iran-EAEU Free Trade Agreement
TEHRAN (Tasnim) – Iranian Energy Minister Reza Ardakanian said with the coming into effect of a free trade agreement with the Eurasian Economic Union (EAEU), bilateral trade between Iran and the EAEU member states would be facilitated.
Iran-Turkey Bilateral Trade Reaches $8.2bln in 10 Months
TEHRAN (Tasnim) – The value of bilateral trade between Iran and neighboring Turkey in the first 10 months of the current year has amounted to over 8.2 billion dollars, data released by the Turkish Statistical Institute (TurkStat) showed.
Russian President Signs Eurasia-Iran FTZ Bill into Law
TEHRAN (Tasnim) – Russian President Vladimir Putin signed into law a draft agreement to establish a free trade zone between Iran and the Eurasian Economic Union (EAEU) countries.
Iran-China Banking Obstacles Cleared: Official
TEHRAN (Tasnim) - The head of Iran-China Joint Chamber of Commerce said the hurdles in banking transactions between Tehran and Beijing have been cleared.
Japan’s Refiners to Seek Extension of US Waiver to Import Iranian Oil
TEHRAN (Tasnim) – Japan’s oil refiners will continue to ask the Japanese government to seek an early extension of the US waiver to import oil from Iran, the head of the Petroleum Association of Japan (PAJ), Takashi Tsukioka, said.
SIPRI Chief Warns about Iran’s Oil Exports Disruption Consequences
TEHRAN (Tasnim) – The director of the Stockholm International Peace Research Institute (SIPRI), a leading think tank on global security issues, warned that the world would face a high risk of economic recession in case of disruption of oil supply from Iran.
France, Germany May Host SPV to Maintain Trade with Iran: Report
TEHRAN (Tasnim) – France and Germany may host the European Union’s payment system, Special Purpose Vehicle (SPV), to allow businesses to continue trading with the Islamic Republic in the US sanctions era, a report said.
