Iran’s New Finance Minister Shrugs Off Planned US Sanctions
TEHRAN (Tasnim) – Iran’s new minister of Economic Affairs and Finance highlighted the ineffectiveness of the US sanctions due to be re-imposed on the Islamic Republic in November and said the ministry has some plans to counter Washington’s hostilities.
Iran Begins Selling Oil via Stock Exchange
TEHRAN (Tasnim) – Iran on Sunday started offering oil for sale via its stock exchange, selling 280,000 barrels of crude within the first minutes of trading.
Zero Iranian Oil Exports Out of Question: Minister
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh said since Saudi Arabia has acknowledged that it cannot replace the reduced share of the Islamic Republic in global oil markets, the US plot to cut Iran’s crude exports to zero is not going to happen.
Iran’s Electricity Exports Not to Be Affected by Sanctions: Minister
TEHRAN (Tasnim) – Iranian Energy Minister Reza Ardekanian said Washington’s upcoming sanctions against Tehran have nothing to do with the Islamic Republic’s electricity supply to neighboring countries.
Roseneft CEO Warns European Firms against Ceasing Cooperation with Iran
TEHRAN (Tasnim) – The CEO of Russian oil major Rosneft warned of consequences for Europe’s economy if some European companies fail to continue cooperation with Iran and purchase oil from the country.
Iran-EU Monetary Pact to Be Finalized Soon: CBI Chief
TEHRAN (Tasnim) – The governor of the Central Bank of Iran (CBI) described a European Union plan to set up a way to preserve business with Iran and avoid renewed American sanctions as a kind of monetary pact and said it will be finalized in the near future.
Official Announces 100-Fold Increase in Iran’s Non-Oil Exports in 40 Years
TEHRAN (Tasnim) – An Iranian trade official said the value of the country’s non-oil exports has increased by 100 times over the past 40 years.
Russia Welcomes Foreign Banks to Join Its Money Transfer Alternative to SWIFT
TEHRAN (Tasnim) – Foreign banks will soon be able to become part of Russia's money transfer network which serves as an alternative to the traditional SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, a Russian official said.
Sri Lanka Seeks Indian Advice on Oil Imports from Iran
TEHRAN (Tasnim) – Sri Lanka, which is dependent on Iranian light crude, has sought advice from India on its strategy on purchasing oil from the country in the light of tightening US sanctions.
Iran’s Oil Exports Unstoppable: Minister
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh shrugged off US plans to drive the country’s crude exports down to zero, saying the Islamic Republic’s oil exports cannot be stopped.
FM Zarif Briefs Lawmakers on Iran’s Accession to FATF
TEHRAN (Tasnim) – Iranian Foreign Minister Mohammad Javad Zarif briefed parliamentarians on the process of Iran’s accession to Combating the Financing of Terrorism (CFT) standards that are set by the Financial Action Task Force (FATF).
Iran Offers Ideas to India, Afghanistan for Developing Regional Transit: Official
TEHRAN (Tasnim) – Iranian Deputy Minister of Roads and Urban Development Mohammad Rastad said the country has put forward 10 suggestions to India and Afghanistan in a bid to develop regional transit.
British Energy Analyst: Global Oil Prices Likely to Rise after Iran Sanctions
TEHRAN (Tasnim) – A noted British analyst specializing in the geopolitics of energy and Middle East energy affairs said Washington’s bid to sanction Iranian crude exports could trigger a dramatic shortfall in global supply, adding that the move could push oil prices up after sanctions kick in.
US Imposes New Sanctions on Iranian Banks, Firms
TEHRAN (Tasnim) – The United States imposed fresh sanctions on a number of Iranian banks and financial institutions as well as companies two weeks before the Trump administration reimposes a new round of sanctions against Tehran.
Iran-Turkmenistan Gas Dispute in Arbitration: Official
TEHRAN (Tasnim) – An Iranian deputy minister said the dispute between Iran and Turkmenistan over natural gas trade has gone to arbitration, noting that both sides have filed lawsuits against each other.
Iranian Oil Armada Heads to China ahead of US Sanctions
TEHRAN (Tasnim) – An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before US sanctions on Iran take effect, according to an Iranian shipping source and data on Refinitiv Eikon.
Iran’s Power Generation Capacity Nears 80,000 MW
TEHRAN (Tasnim) – Iran’s nominal capacity to produce electricity has reached nearly 80,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past weeks.
Europeans Want Iran Bank Connected to World: French Senator
TEHRAN (Tasnim) – European nations are seeking to ensure at least one Iranian bank stays connected to the world after the US imposed new sanctions against the country, a French senator said in Tehran.
