Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
Read More »Iran Ready for Constructive Engagement with Europe
EU foreign policy chief Federica Mogherini has also welcomed the INSTEX.
Read More »Germany. France. UK to Set Up EU Channel for Transactions with Iran
The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).
Read More »Too Early to Assess Impact of U.S. Sanctions on Venezuela
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »Implementation of EU Trade Mechanism with Iran Imminent
Iran says it will remain in the nuclear deal as long as its economic interests are guaranteed.
Read More »Iran Reacts to French Warning about Missile Program
The Islamic Republic of Iran has always been seeking consolidation of peace and stability in the region.
Read More »Switzerland & Iran Developing Payment Channel to Bypass US Sanctions
The European Union is also working on a financial mechanism to ease non-dollar trade with Iran and circumvent US sanctions.
Read More »Rollercoaster Ride of Oil Market
The United States increased output by 2.1 mbd last year. the ".highest ever". annual growth ever recorded.
Read More »Iran`s Foreign Minister Slams Poland to Host Anti-Iran Summit
Zarif'.s remarks follow announcement of joint U.S.-Poland summit aimed at pressuring Tehran.
Read More »OPEC Expects Higher Supply Growth in 2019
Global economic growth prospects for 2019 are slightly lower than for 2018.
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