The Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange. blasted Europe for procrastinating in introduction of a bank to Iran to put the INSTEX into effect.
Read More »A Major Breakthrough in Biofuels Technology
At present. standard biodiesel is produced by transistorizing vegetable oils or animal fats.
Read More »OPEC Output Hits New Low as Saudi Fails to Offset Losses in Iran. Venezuela
June output was the lowest by OPEC since April 2014.
Read More »US Weighing Extension of Iran Oil Waiver After China`s Defiance
The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran. violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero. according to a report.
Read More »Turkey`s President Open to Mediate Talks between Iran. US
The US has continued with what it describes as a ‘maximum pressure’ policy against Iran.
Read More »OPEC Existence Main Concern for Iran
Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the OPEC was the main issue for Iran in the meeting.
Read More »OPEC Extends Oil Cuts Until March 2020
OPEC agreed to extend cuts to their supply of oil to the international markets for another nine months as they seek more stable prices amid an increase in oil production in the United States.
Read More »Iran’s Flag-Carrier Boasts Self-Sufficiency in Maintenance
Director General of Iran Air Touraj Zangeneh said that his company has achieved self-sufficiency in repairing and maintaining its fleet. despite the US unilateral sanctions.
Read More »Huawei to Increase Its 5G Investment Despite US Ban
Speaking at Huawei'.s annual user group meeting in Wuzhen. Zhejiang. Huawei Carrier CEO Ryan Ding said the Chinese tech giant will continue providing 5G products and partnering with carriers to build a ".=fully connected. intelligent world.
Read More »China will Ease Ownership Rules on Oil Exploration
China is sticking to the opening-up policy and continuing to ease market access.
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