Tag Archives: Sanctions

Southern Iranian port city of Bandar Abbas will host the 21st Iran International Maritime &. Offshore Technologies Exhibition (IRANIMEX 2019) in late November.

Iranian Oil Minister Bijan Namdar Zanganeh announced that the country has made great progress in the production of different petrochemicals and will further expand its capacities in future.

Deputy Director for Development and Engineering Affairs at the National Iranian Oil Company (NIOC) Reza Dehqan said that his country is steadily developing its oil and gas projects. reminding that Washington’s sanctions are nothing new to Tehran.

The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019.

A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.

Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies. in a bid to evade US sanctions against Tehran.

The Iranian Mines and Mining Industries Development and Renovation announced that the country exported 633.050 tons of steel in the last local calendar month which shows a 37% jump in comparison with figures from corresponding period in the last year.

Iran’s Minister of Energy announced that the formalities for a €1.2-billion loan were exchanged between finance ministries of his country and Russia. adding that Tehran will use the money for constructing a major electricity project South of Iran.

Iran has posted a more-than-$1-billion foreign trade surplus for the 1-year period ending August 20. according to the data released by the country’s Customs Administration (IRICA).

An ideological affiliate of India’s governing has now come out and advised Prime Minister Narendra Modi to reconsider New Delhi’s decision. to ignore US demands not to purchase oil from Iran as it would represent a strategic setback for India.