CBI admonishes EU for being all words on INSTEX

TEHRAN – The Governor of the Central Bank of Iran (CBI) criticized the European parties of the Iran nuclear deal for repeating ‘threadbare’ remarks over their promised trade mechanism for Iran (INSTEX) and failing in realizing their promises.

U.S. unable to halt Iranian petchem exports: MP

TEHRAN - A member of Majlis energy committee said the U.S. cannot restrain Iran from exporting its petrochemicals to the global markets, Shana reported.

Gas exports to Iraq to reach 40mcm/d: NIGC

TEHRAN – The managing director of National Iranian Gas Company (NIGC) said gas exports to Baghdad and Basra is going to rise to 40 million cubic meters per day (mcm/d) in the months to come.

Iraq says no replacement for Iran’s electricity

TEHRAN – Iraqi electricity minister said there is no alternative for Iran’s electricity in terms of volume, price or speed of delivery, Mehr news agency reported.

Iran, Pakistan to hold talks over IP gas pipeline by early June

TEHRAN – A high-ranking Iranian delegation is due to visit Islamabad in near future to discuss the stalled Iran-Pakistan gas pipeline project (known as IP), Mehr news agency reported on Monday, citing Pakistani daily Express Tribune.

‘Iran not concerned about U.S. sanctions on metals industry’

TEHRAN- Iran is not much concerned about the United States’ recent sanctions on the country’s metal exports, as Iranian steel, copper and aluminum have already their own customers, according to Iran’s deputy minister of industry, mining and trade.

PGPIC petchem exports not affected by U.S. sanctions: director

TEHRAN – The managing director of Iran’s Persian Gulf Petrochemical Industries Trade Company (PGPIC) said the U.S. sanction haven’t had any effect on the petrochemical exports by this company.

Iran offers petrochemicals, naphtha at IRENEX

TEHRAN – Iran has offered a variety of petrochemical products as well as 5,000 tons of light naphtha at the country’s Energy Stock Market (IRENEX), Fars news agency reported.

China’s April Iranian oil intakes jump to 7-month high

TEHRAN - China’s Iranian crude oil imports in April rose to their highest level since August, Reuters reported, citing Refinitiv data.

Cutting Iranian oil supplies to cost Japanese refiner nearly $1m per month

TEHRAN – The President of Japan’s Fuji Oil Company said replacing Iranian oil supplies is going to cost the company an extra 100 million yen ($911,000) each month, Reuters reported.

Salih insists on extending Iranian energy waivers in talks with Pompeo

TEHRAN – Iraqi President Barham Salih and U.S. Secretary of State Mike Pompeo discussed the extension of waiver over U.S. sanctions on Iran’s energy exports to Iraq, ISNA reported citing Iraqi news portal Alsumaria.

‘Sanctions resulted in Iran’s self-sufficiency in water, power industries’

TEHRAN - Iranian Energy Minister Reza Ardakanian said that the sanctions have brought self-sufficiency for Iran in water and power industries, Fars news agency reported.

Croatia planning to maintain trade ties with Iran: envoy

TEHRAN - Ambassador of Croatia to Tehran Drago Štambuk said his country is making all efforts to maintain trade with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Iraq defies U.S. request for cutting gas, electricity imports from Iran

TEHRAN – Iraq has rejected the U.S. demand for cutting its energy ties with Iran, IRNA reported on Tuesday, citing Iraqi media.

Iran’s offshore oil production steady: IOOC

TEHRAN – The managing director of Iranian Offshore Oil Company (IOOC) said the country’s offshore oil production hasn’t experienced any reduction and some of the May cargoes have been loaded to be shipped, Bloomberg reported.

Iran all set to sell oil in a ‘gray market’

TEHRAN – Iran is mobilizing all its resources to sell its oil in a gray market, countering unjust and illegitimate U.S. sanctions, IRNA quoted Deputy Oil Minister Amir-Hossein Zamaninia as saying on Sunday.

Larijani: U.S. sanctions move intended to sow ‘international confusion’

TEHRAN - Iranian Parliament Speaker Ali Larijani said on Sunday that the U.S. is seeking to sow “international confusion” by taking harsh sanctions measures against Iran.

BY: Ebrahim Fallahi

Iran Oil Show 2019: ‘Iran not alone in oil market’

TEHRAN - European exhibitors participating in the 24th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2019) believe that the recent U.S. pressures for isolating Iran’s economy wouldn’t stop them from trying to find a way for collaborating with Iran’s oil, gas and petrochemical sectors.

U.S. not successful in zeroing Iranian oil exports: Reuters

TEHRAN – Although Iranian oil exports are expected to fall in May but the United States has not been successful in driving Iranian oil exports to Zero, Reuters reported, citing industry sources.

By Ebrahim Fallahi

Iran's petrochemical industry unsanctionable: NPC head

TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said petrochemical industry is not like oil industry and it is practically unsanctionable.

Excluding Iran from oil market impossible: Barkindo

TEHRAN- The secretary-general of the Organization of Petroleum Exporting Countries (OPEC) said it is "impossible" to eliminate Iranian crude from the global market, Shana reported.

‘Absence of gas supplies from Iran could shut down half of Iraq’s power plants’

TEHRAN – Without Iranian gas supplies half of Iraq’s natural gas power plants will close down in the summer, IRNA quoted a member of the trade committee of Iraqi parliament as saying on Tuesday.

U.S. sanctions on Iran would hurt India’s economy: Indian envoy

TEHRAN - The Indian ambassador to the United States said on Tuesday U.S. sanctions on Iran could boost oil prices and inflation to a point that hurts the common people in India.

World should stand up to health-related human rights violation: minister

TEHRAN — The Iranian health minister has called on health policy makers to fully stand up to those who violate health-related human rights by imposing brutal sanctions on countries.

‘No country can replace Iran in oil market’

TEHRAN- No country can replace Iran in the global oil market, Iranian Deputy Oil Minister Amir-Hossein Zamaninia stressed.

Iranian official warns of oil going above $100

TEHRAN - Chairman of Majlis (Parliament) Energy Commission, Fereydoun Hasanvand warned that oil prices are going to surge above $100 per barrel following the U.S. decision to end the waivers.

By: Ebrahim Fallahi

Iran’s winning cards in facing U.S. sanctions

Surrounded by fifteen neighboring countries through land and sea, Iran enjoys a very strategic geopolitical and economic position in the Middle East

‘U.S. sanctions won’t affect Iran’s petchem exports’

TEHRAN - General Secretary of Iran's Association of Petrochemical Industry Corporation (APIC) said on Saturday that U.S. sanctions are not going to have any significant impact on Iran’s petrochemical exports.

Iran will find ways to sell its oil in the market: Pakistani expert

TEHRAN – Pakistani Energy expert and former director of operations for the World Bank Moazzam Ziad Alahdad said U.S. sanctions cannot stop Iran from doing business with the world and the Islamic republic will definitely find a way to maintain its oil exports.

Turkey defies U.S. demand for cutting ties with Iran

TEHRAN - Turkey is in cooperation with Iran working on a mechanism to keep the trade between the two sides afloat amid increasing U.S. pressures on Iran’s trade partners to cut ties, Bloomberg reported.