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.
Read More »UK’s LPG Could Go 100% Bio-Based by 2040
Liquid Gas UK says versions of the fuel made from vegetable oils. glycerol. sugar and waste could cut carbon emissions by up to 90%.
Read More »Saudi Arabia may Cut August Crude Oil Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »Huawei to Increase Its 5G Investment Despite US Ban
Speaking at Huawei'.s annual user group meeting in Wuzhen. Zhejiang. Huawei Carrier CEO Ryan Ding said the Chinese tech giant will continue providing 5G products and partnering with carriers to build a ".=fully connected. intelligent world.
Read More »Iran Underlines Need for Financing INSTEX through Oil Exports to Europe
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati underlined the need for the EU to purchase Iranian crude to finance the Instrument in Support of Trade Exchanges (INSTEX).
Read More »Iranian Free Trade Zones to Ease India’s Access to Northern Markets
Free trade zones in South and North of Iran can serve as the gates of entry and exit for transiting Indian cargoes destined for Eastern and Northern Europe with helpful economic expemtions.
Read More »Exports from Iran’s Northern Province of Ardabil Up by 30%
Non-oil exports from the Northern Iranian province of Ardabil show a 30% year-on-year rise in the last three months. Director General of Road Maintenance and Transportation in Ardebil province Ali Rahmati declared.
Read More »Tehran-Vienna Ties on Rise Since N. Deal
Iran and Austria have witnessed one of the most active periods of bilateral economic relations after the landmark nuclear deal. officially known as the Joint Comprehensive Plan of Action (JCPOA). was signed on July 14. 2015.
Read More »China will Ease Ownership Rules on Oil Exploration
China is sticking to the opening-up policy and continuing to ease market access.
Read More »The Sliding Market Share of OPEC
OPEC nations are bearing the burden of the market-share loss unevenly.
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