A senior official from Iran’s Ministry of Oil says the country is currently holding abundant stocks of fuel despite US sanction that have affected the oil industry.
Read More »Iranian Ports Flourishing with Massive Private Sector Investment
Iran’s ports south and north of the country are drawing an unprecedented amount of investment from the private sector as authorities eye a jump in onshore manufacturing activities.
Read More »US Sanctions Not to Prevent Armenia from Purchasing Gas from Iran
Armenian Parliament Speaker Ararat Mirzoyan blasted the US sanctions on Iran and pressures on other states to stop cooperation with the country. saying that his country cannot halt buying gas from Tehran.
Read More »Oil Price Jumps After 1mln Liter of Smuggled Fuel Seized in Persian Gulf
The price of oil spiked just minutes after Tehran seized a foreign vessel which was smuggling one million liters of fuel near Larak Island in the Strait of Hormuz off Iran’s coast.
Read More »Iran’s Actions in the Persian Gulf Meet International Maritime Law
All 23 crew members of the Stena Impero tanker detained by the Iranian authorities in the Strait of Hormuz are on board the vessel in Bandar Abbas.
Read More »Iran Confiscated British Oil Tanker according to Intl. Law
The rule of reprisal is a recognized concept in international law and it is used in the face of another country’s illegal measures.
Read More »Russia Is Concerned over Confrontation between US and Iran
The United States withdrew from the Iranian nuclear deal on 8 May 2018 and imposed economic sanctions on Tehran'.s oil exports.
Read More »Iran`s Trade with EU Plunges 76%
Organizations in different countries that cooperate with Eurostat are summarized under the concept of the European Statistical System.
Read More »EU should Allow Iran to Trade to Preserve Nuclear Deal
European countries should implement their commitments on ensuring the freedom of trade for Iran to preserve the nuclear deal.
Read More »Iran Ready to Invest in Major Indian Refinery
India used to be Iran’s second top oil buyer after China until May when US ended waivers granted to the country for import of oil from Iran.
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