Tag Archives: National Iranian Petrochemical Co. (NPC)

Iran will simply mirror the level of commitment shown by the European side.

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. a senior Iranian legislator stressed.

Secretary General of the European External Action Service (EEAS) Helga Schmid announced that the EU-proposed Instrument in Support of Trade Exchanges (INSTEX) to trade with Iran has become operational.

Iran is fully prepared to take the next step to further lower its compliance with the nuclear deal on July 07.

Europe is duty-bound to purchase Iranian crude to keep the nuclear deal alive. reminding that the European'.s offered INSTEX mechanism requires financing that should happen through crude revenues.

Iran says its decision to reduce commitments to the JCPOA is within its rights under the agreement.

The spokesman for the Atomic Energy Organization of Iran says the country will surpass the uranium stockpile limit set under the nuclear deal from June 27.

Iran’s Foreign Ministry officials are still in talks and close contact with Europeans.

CEO of Iran’s National Petrochemical Company Behzad Mohammadi reiterated that Washington’s unilateral sanctions on the country’s largest and most profitable petrochemical group are hardly to have an impact.

The first phase development of Hengam Petrochemical Plant has so far made 73 percent physical progress.