Tag Archives: National Iranian Petrochemical Co. (NPC)

The US recently announced its decision to extend the sanction waivers on nuclear projects under the JCPOA.

Five waivers were still extended and are set to stay in place at least for another 90 days.

The European special purpose vehicle INSTEX aiming at facilitating trade between the European Union and Iran is operating in the pilot mode.

The European Union in a statement expressed its strong support for Iran nuclear deal. calling for practical action to lift sanctions.

Russia expects the IAEA to officially verify that the Iranian side has exceeded the uranium enrichment levels at the Natanz facility set by the JCPOA.

Iran is currently producing nearly 56 million tons of petrochemicals each year.

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.

Iran could continue enrichment to the levels that it needs for fueling its power plants.

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues.

Iranian Deputy Economy Minister Mohammad Ali Dehqan Dehnavi said that the Europe-proposed Instrument in Support of Trade Exchanges (INSTEX ) has failed to meet Iran'.s expectations. calling on the European states to compensate for their deficiencies.