US Says Actively Considering Waivers on Iran Oil Sanctions
TEHRAN (Tasnim) – The Trump administration is actively considering waivers on sanctions it will reimpose next month for countries that are reducing their imports of Iranian oil, a US government official said.
India to Continue Iranian Oil Imports after US Sanctions
TEHRAN (Tasnim) – In the first clear indication of India's willingness to continue trade with Iran despite US sanctions, state refiners have contracted import of 1.25 million tons of crude oil from the Persian Gulf nation and are preparing to replace dollar payments with rupee trade.
Iran’s Petrochemicals Exports See 24% Rise
TEHRAN (Tasnim) – A report on the export of non-oil products in the first half of the current Iranian year shows the value of petrochemicals exports has grown by 24 percent compared to the corresponding period last year.
CBI Chief: Iran, Russia Eye Using Own Currencies in Trade
TEHRAN (Tasnim) – Governor of the Central Bank of Iran said one of the main themes in cooperation with Russia is handling the bilateral trade in the two countries’ own currencies.
Iran’s Rial Rises against Dollar
TEHRAN (Tasnim) – The Iranian currency, rial, is bouncing back against US dollar which has started to nosedive since Monday evening as people have flocked to money exchange markets to exchange their dollars for rial.
Iran’s Economy Could Survive for Years without Oil: Ex Official
TEHRAN (Tasnim) – A former deputy governor of the Central Bank of Iran said the country holds such a large supply of foreign exchange reserves that it could take care of economic issues for at least three years even without any oil revenues.
Iranian Oil Minister to Meet Russian President in Moscow
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Zangeneh is expected to hold talks with Russian President Vladimir Putin in Moscow on Wednesday, Russian Presidential Spokesman Dmitry Peskov said.
Corporate Activities Should Not Be Affected by Iran Sanctions, Japan Tells US
TEHRAN (Tasnim) – Japanese delegates told US counterparts during a recent meeting in Washington that Japanese corporate activities should not be impacted by looming sanctions against Iran, Japan's Ministry of Foreign Affairs said.
India Cuts Oil Purchases from US, Turns to Iran Ahead of Sanctions
TEHRAN (Tasnim) – Indian buyers reduced US crude purchases and loaded up on Iranian oil ahead of the restart of US sanctions next month and as the WTI-Brent differential narrowed, according to traders and shipping intelligence firm Kpler.
Iran’s MAPNA Inks Deal with Syria to Build Power Plant in Latakia
TEHRAN (Tasnim) – Iranian holding company MAPNA Group signed an agreement with the Syrian government to construct a combined-cycle power plant with a capacity to produce 540 megawatts (MW) of electricity in the Arab country’s western province of Latakia.
Iran’s Oil Sales to India to Continue despite Sanctions: Zarif
TEHRAN (Tasnim) – Iranian Foreign Minister Mohammad Javad Zarif said Iran's oil sales to India will continue despite the US threats of sanction pressures against Iran and its economic partner.
Japan's Aug Crude Imports from Iran Rise 65% YOY: Report
TEHRAN (Tasnim) – Japan's crude oil imports from Iran jumped 65% year on year (YOY) in August, marking the fourth consecutive month of increase, a report said.
Official: No Cut in Iran’s Oil Output
TEHRAN (Tasnim) – A senior Iranian oil official dismissed plans for a reduction in the country’s crude production.
Iranian Official Announces New Packages for Regulating Currency Market
TEHRAN (Tasnim) – Head of Iran’s Plan and Budget Organization said the administration is going to implement five new packages of measures to regulate the foreign currency market.
Brent Oil Rises to Four-Year High ahead of Iran Sanctions
TEHRAN (Tasnim) – Brent crude oil prices rose to their highest since November 2014 on Monday ahead of US sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that take effect next month.
Russia Says Unable to Boost Oil Flows to Asia as Iran Sanctions Loom
TEHRAN (Tasnim) – Russia is unable to materially increase crude supplies to Asian markets who are faced with the loss of Iranian imports due to existing transportation constraints, Russia's deputy energy minister Pavel Sorokin said.
Hedge Fund Managers Say Saudi Arabia, Its Allies Cannot Replace Iranian Oil
TEHRAN (Tasnim) – Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when US sanctions on Iran go into effect fully from November.
Iran's Exclusion from Global Oil Market to Seriously Affect Oil Prices: Deputy Minister
TEHRAN (Tasnim) – Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said excluding Iran from the global oil market could have “serious effects” on oil prices.
