Tag Archives: Sanctions

Many countries in the world are establishing trade relations based on local currencies thanks to the US unilateral sanctions against some counties. adding that Iran is following suit to circumvent SWIFT limitations.

In a meeting with Turkish Minister of Energy and Natural Resources Fatih Dönmez in Ankara. the Chief of Staff of Iranian President Mahmoud Vaezi said there is no limit for Iran on development of ties with Turkey.

East Oil and Gas Production Company is destined to add 2.5 million cubic meters to gas production capacity in Khangiran district. northeastern Iran. CEO of the company announced.

A number of European banks and firms have expressed readiness to engage in Europe’s proposed financial channel. called INSTEX. which is aimed at helping Iran circumvent the US’ sanctions in its foreign trades. the new INSTEX president said.

Iranian President'.s Chief of Staff Mahmoud Vaezi underlined that Tehran will continue boosting cooperation and expansion of relations with Turkey in all aspects without any restrictions.

Bijan Zangeneh announced that gas production from the South Pars gas field will hit a record high to enable the Iran to win a larger share of daily production from the field shared with Qatar for the first time since the energy zone went under development

The drone attacks on the Khurais oilfield and the Abqaiq oil processing facility took an estimated 5.7 million bpd in production capacity off the market.

Recent attacks on Saudi oil facility would have short-term impacts on oil market.

In modern economics. crude selling of products is regarded as a basic and fundamental weakness.

CBI) said that during the meeting held between Presidents of Iran and Turkey on the same day in Ankara. the two sides focused on expansion of trade and banking ties besides doing monetary transactions via Rial or Lira.