It is increasing the limit from £50.000 to £200.000 per organisation.

There is large uncertainty surrounding demand .

Iranian Oil Minister Bijan Zanganeh issued a decree appointing Mohammad Taeb as the director-general of OPEC Affairs at the Iranian Oil Ministry.

The spokesman for the Atomic Energy Organization of Iran (AEOI) Behrooz Kamalvandi says with EU’s lack of practical measures. Iran will take the third step to reduce commitments under the nuclear deal within almost a month.

Minister of Industry. Mine and Trade Reza Rahmani voiced Iran’s readiness to give special incentives for participation of foreign investors in the country’s various industries and mining sector.

The Food and Agricultural Organization of the United Nations (FAO) in collaboration with the Department of Environment of the Islamic Republic of Iran (DOE) held the Inception Workshop of the Green Climate Fund (GCF) Readiness Programme.

In the mining sector alone. there is a capacity of over 50 billion tons of minerals in Iran ready to be extracted.

Central Bank of Iran’s forex market will be inaugurated later than the predetermined date i.e. August 12. 2019. an official from the central bank (CBI) said.

The Exploration Department of the National Iranian Oil Company (NIOC) has signed four research contracts with universities and knowledge-based firms.

China has traditionally played a small role in Middle East conflicts or diplomacy despite its reliance on regional oil.