Most French Firms 'Unable to Stay' in Iran due to US Sanctions: Minister
TEHRAN (Tasnim) – French Finance Minister Bruno Le Maire said that after the US imposes new sanctions on Iran most French companies would be unable to continue business in Iran because of problems over payment, also saying that the US cannot be the “planet’s economic policeman”.
Iran to Make Most of Eurasia Preferential Trade Deal: Envoy
TEHRAN (Tasnim) – Iran’s ambassador to Kazakhstan highlighted Tehran’s efforts to maximize its benefits of a preferential trade agreement it has recently signed with members of the Eurasian Economic Union, stressing the need for providing robust legal and banking infrastructures to that end.
Iran Says 3 OPEC Members to Veto Saudi-Proposed Supply Boost
TEHRAN (Tasnim) – Hossein Kazempour Ardebili, Iran's OPEC governor, said Venezuela and Iraq will join Iran in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.
Renault Says to Remain in Iran despite US Sanctions
TEHRAN (Tasnim) – French carmaker Renault will maintain its presence in Iran despite the threat of renewed US sanctions, CEO Carlos Ghosn said.
Gazprom Says in Talks with NIOC over Development of Iranian Fields
TEHRAN (Tasnim) – A senior official with Gazprom said Russia's gas giant is in talks with the National Iranian Oil Company (NIOC) to develop four gas fields in Iran.
S Korea's May Iran Crude Imports Fall to Lowest since Jan. 2016
TEHRAN (Tasnim) – South Korea’s Iranian crude oil imports fell in May to their lowest since January 2016 as South Korean buyers sought to reduce purchases of Iranian oil amid new US sanctions on Tehran.
State Bank of India to Stop Handling Iran Oil Payments: Refiner
TEHRAN (Tasnim) – India’s oil imports from Iran will be affected from the end of August as the State Bank of India (SBI) has informed refiners it will not handle payments for crude from the Islamic Republic from November, the finance head of Indian Oil Corp said on Friday.
Indian Oil Imports from Iran Surge to Highest since 2016: Report
TEHRAN (Tasnim) – India’s oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh US sanctions.
Iran’s Mega Water Project to Come on Stream by Year-End: IRGC Construction Base
TEHRAN (Tasnim) – The commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), said a mega project to supply water to the western parts of the country will be operational by the end of the current Iranian year (March 20, 2019).
Minister Plays Down Concerns over Exit of European Companies from Iran
TEHRAN (Tasnim) – Iran’s Minister of Energy played down concerns that an array of European companies have begun to quit business with Tehran for fear of US penalties under new anti-Iranian sanctions, saying such intermittent cooperation with Iran has recurred several times in the past four decades.
India Picks Iranian Firm to Run Chabahar Port
TEHRAN (Tasnim) – India Ports Global has picked an Iranian company to run the Chabahar port in Iran as an interim arrangement for about 18 months from mid-June.
Chile to Receive Iran’s 1st Crude Shipment in 16 Years: Report
TEHRAN (Tasnim) – An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years despite impending US sanctions, a report said.
Iran to File Complaint against Boeing over Deal Cancellation
TEHRAN (Tasnim) – An Iranian lawmaker said the Islamic Republic plans to lodge a complaint with relevant international bodies against Boeing after the US airliner unilaterally canceled its deal with Iran and said it will not deliver aircraft to the country in light of new US sanctions.
Iran Likely to Receive 11 ATR, Airbus Planes by Year End: Official
TEHRAN (Tasnim) – Head of Iran’s flag carrier Iran Air said the country expects to receive 11 passenger planes from Franco-Italian turboprop maker ATR and the European aviation giant Airbus by the end of the current year.
Iran Willing to Buy $1.5bln Worth of Ukrainian Agricultural Products
TEHRAN (Tasnim) – Iran has expressed willingness to purchase $1.5 billion worth of agricultural products from Ukraine, a report said.
Iran Protests at Turkmenistan over Surge in Truck Transit Fees
TEHRAN (Tasnim) – Iran's Deputy Minister of Roads and Urban Development Abdolhashem Hassannia voiced the country’s protest over a recent move by neighboring Turkmenistan to increase transit fees for Iranian trucks traveling to the Central Asian country by 50 percent.
Iran to Attend International Labor Conference in Switzerland
TEHRAN (Tasnim) – Iran’s Minister of Cooperative, Labor and Welfare Ali Rabiee will travel to Geneva to attend an annual meeting of the International Labor Conference (ILO), a specialized agency of the United Nations.
Iran’s Oil Exports Hit 2.7mln bpd Despite New US Sanctions: Report
TEHRAN (Tasnim) – Iran’s oil exports hit 2.7 million barrels per day (bpd) in May, a new record since the lifting of anti-Tehran sanctions in 2016, and despite the threats of fresh US sanctions.
