China continues buying Iranian LPG despite U.S. sanctions

TEHRAN – China is still importing liquefied petroleum gas (LPG) from Iran after the U.S. imposed sanctions on the country’s oil industry, Bloomberg reported citing the Paris-based energy researcher Kpler SAS.

U.S. cannot reach goals of Iran’s oil sanctions: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the U.S. won’t be able to realize the goals it’s pursuing by sanctioning Iran’s oil industry, IRIB reported.

BY: Haniyeh Sadat Jafariyeh

Road from oil-reliant economy to oil free one

The U.S.-led sanctions, imposed to squeeze Iran’s oil-reliant economy by restricting oil revenues, has made the need for moving toward a non-oil economy for Iran ever-increasing.

‘Iran to initiate new economic transactions despite U.S. will’

TEHRAN- Iran is to kick off new economic transactions with other countries despite the will of the U.S. that wants to cut Iran’s economic ties with the world, the chairman of Economic Committee of Majlis stated.

Petchem sanctions, political theatrics: NPC head

TEHRAN- Imposition of sanctions by the U.S. on Iran’s petrochemical sector is some political theatrics which will not impact Iran’s petrochemical output and exports much, National Iranian Oil Company (NPC) Head stated.

‘Iran-Japan Joint Chamber of Commerce to be set up soon’

TEHRAN- Iran-Japan Joint Chamber of Commerce will be opened in Tehran in near future, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Chairman Gholam-Hossein Shafeie announced.

BY: Ebrahim Fallahi

“Redundant” sanctions vs. “resilient” economy

As the United States sanctioned Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) on Friday, many analysts and officials believe them to have no significant impact on the country’s economy in a broad sense.

By Ebrahim Fallahi

‘Iran to maintain metal exports despite U.S. sanction’

TEHRAN - Iranian deputy industry, mining and trade minister said the ministry has taken necessary measures to maintain the country’s metal exports despite U.S. sanctions.

China’s Bank of Kunlun starts operation in Iran

TEHRAN- China’s Bank of Kunlun started its activity in Iran, Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani announced on Thursday.

Iran opposes moving OPEC’s next meeting to July: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh, in a letter seen by Reuters, said he disagreed with an OPEC proposal to reschedule the meeting to early July.

HK disparages U.S. warnings on violating Iranian sanctions

TEHRAN – Hong Kong has dismissed U.S. threats of penalty for receiving an oil vessel which carries Iranian oil to the autonomous city, Sputnik reported on Thursday.

Health Ministry denies shortage of wound dressings for EB patients

TEHRAN – While reports published on Monday claimed that U.S. sanctions hindering wound dressing import, threatened the lives of Iranian Epidermolysis Bullosa (EB) patients, an official with Health Ministry announced that there are a sufficient amount of wound dressings in the country for the current year ending on March 19, 2020.

India seeking to resume oil imports from Iran

TEHRAN – India is planning to resume oil imports from Iran and the new government is going to hold talks with Iran in order to discuss ways of getting around U.S. sanctions like paying in national currencies.

U.S. grants Iraq waiver to continue importing energy from Iran

TEHRAN – U.S. has granted Iraq waiver to continue buying gas and electricity from Iran until the end of June, Press TV reported, quoting Joey Hood, chargé d’affaires of the U.S. Mission in Iraq, as saying on Wednesday. “Iraq has an exemption from the American sanctions, so that it can continue to purchase energy from Iran,” Hood told reporters in Baghdad.

Oil loadings from Iranian ports ongoing as before: PMO

TEHRAN – Deputy director of Iran’s Ports and Maritime Organization (PMO) said crude oil loadings and exports from the country’s ports has not been halted and the exports are ongoing just like before, ILNA reported on Saturday.

Over $3b allocated to supply basic goods in 2 months

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government has allocated over $3 billion for importing basic goods since the beginning of the current Iranian calendar year (March 21), IRIB reported.

Too early to assess impact of U.S. Iran sanctions on market: Novak

TEHRAN - Russian Energy Minister Alexander Novak Said the impact which the U.S. sanctions on Iranian oil industry will have on the global markets is still unclear, IRNA reported

S. Korea April oil imports from Iran rise 17% on year

TERHAN – South Korea’s April oil shipments from Iran increased 17 percent compared to the same period last year, Reuters reported citing the country’s customs data.

Iran delivers 130,000t of fuel oil to China

TEHRAN – A tanker carrying Iranian fuel oil unloaded the nearly 130,000-ton cargo into storage tanks near the Chinese city of Zhoushan, Reuters reported on Thursday citing ship tracking data on Refinitiv Eikon.

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.