The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.
Read More »Iran. Russia Discuss Closer Nuclear Cooperation
Iran and the Group 5+1 on July 14. 2015. reached a conclusion over the text of the JCPOA.
Read More »2mb of Light Crude at IRENEX on Tuesday
The National Iranian Oil Company will offer light crude at the next round of the international ring of Iran Energy Exchange on September 17.
Read More »EU’s $15bn Credit Line Has Nothing Do to with Sanctions Relief
Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country.
Read More »Top Economic Council Extends CBI Authorities to Manage Foreign Currencies Market
The Supreme Council of Economic Coordination Sat. decided to extend the authorities of the Central Bank of Iran (CBI) for managing the exchange market for the purpose of stability in the market.
Read More »Iran Supplying 40% of Iraq’s Need for Electricity
Secretary General of Iran-Iraq Joint Chamber of Commerce informed on Saturday that presently Iran supplies 40 percent of Iraqi’s need for electricity.
Read More »Iran Rejects Pompeo’s ‘Lies’ about Yemeni Drone Raids on Saudi Oil Sites
US &. its clients are stuck in Yemen because of illusion that weapon superiority will lead to military victory.
Read More »Saudi Arabia Temporarily Cuts Oil Production
Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.
Read More »Iran Poised to Further Indigenize Industrial Needs
Iran’s Minister of Industry Reza Rahmani announced that his country is planning to lower the imports of machinery and equipment used in major production lines. in a bid to further indigenize manufacturing capabilities in the face of the US sanctions.
Read More »Top Gov’t Council Extends CBI’s Authorities to Manage Foreign Currencies Market
The Supreme Council of Economic Coordination decided to extend the authority of the Central Bank of Iran (CBI) for managing the exchange market for the purpose of stability in the foreign currency market.
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