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Undisclosed Oil Shipments Could Help Dodge Sanctions

EghtesadOnline: Iran may resort to various ways of reducing the impact of US sanctions on its oil exports and those tactics could include secret oil shipments without trackers on tankers, bartered trades, discounts and extended credit periods on oil sales, analysts say.
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Publish Date:05/September/2018 | 11:52

Belgium Underlines EIB’s Support for Investment in Iran

EghtesadOnline: Minister-President of Belgium’s Flanders Region Geert Bourgeois said the European Investment Bank will support investment in Iran, underlining Europe’s efforts to strengthen the so-called “blocking statute” to reduce US sanctions ’ negative impacts on Iran.
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Publish Date:05/September/2018 | 05:12

Oil Surplus Vanishes Ahead of Iran Deadline

EghtesadOnline: An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a new rally in prices.
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Publish Date:04/September/2018 | 24:12

Brazil to Allocate $1.2b to Boost Iran Trade

EghtesadOnline: The government of Brazil is to allocate $1.2 billion for maintaining its considerable economic and trade ties with Iran in the face of reinstated US sanctions .
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Publish Date:03/September/2018 | 07:38

NIOC in Talks With Vitol

EghtesadOnline: Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions , media reported.
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Publish Date:02/September/2018 | 08:16

NIOC Crude Exports Plunge 700,000 bpd Since August

EghtesadOnline: The National Iranian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases in view of the reimposition of US sanctions in November, a senior energy analyst said.
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Publish Date:02/September/2018 | 08:05

India Not to Zero Iran Oil Imports

EghtesadOnline: India will definitely not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the US sanctions on Tehran at a meeting with top US officials next week, a senior Indian government official with direct knowledge of the country’s oil purchasing policy told Reuters.
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Publish Date:02/September/2018 | 08:03

Iranian Government Introduces Rescue Package for Auto Industry

EghtesadOnline: A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax exemptions, reduced bureaucracy, and in the event of layoffs, the immediate payment of unemployment benefits.
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Publish Date:02/September/2018 | 07:56

US Dollar Abolished From Iran-Iraq Trade

EghtesadOnline: The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and national currencies, the head of Iran-Iraq Chamber of Commerce said.
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Publish Date:02/September/2018 | 04:06

EU Working on Payments Plan for Iran Business

EghtesadOnline: Germany and France said they are working on financing solutions to sidestep US sanctions against countries such as Iran, including a possible role for central banks.
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Publish Date:29/August/2018 | 04:50

Parliament Finds Karbasian Unfit for Top Economic Job

EghtesadOnline: Parliament voted on Sunday to remove the economy minister ramping up pressure on the embattled president who has come under mounting criticism over his handling of the economy in the face of new US sanctions .
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Publish Date:27/August/2018 | 04:28

Siemens Pulls Out of Iran

EghtesadOnline: German engineering conglomerate Siemens has announced it is drastically scaling back its business operations in Iran. It’s yet another German company to cave in after the United States reimposed sanctions on Tehran.
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Publish Date:26/August/2018 | 24:45

Effects of Sanctions on Food Consumption of the Poor

EghtesadOnline: It is now clear that the purpose of US sanctions against Iran is to make its people miserable enough so they pressure their government to agree to US demands.
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Publish Date:26/August/2018 | 05:42

Iran says no OPEC member can take over its share of oil exports

EghtesadOnline: Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
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Publish Date:19/August/2018 | 09:31

US May Impose Sanctions on China for Buying Iranian Oil

EghtesadOnline: The United States is prepared to impose sanctions on all countries that continue to buy Iran's oil, including China, after Washington starts reimposing bans on Iran’s energy sector. The announcement was made on Thursday by Brian Hook, the head of US State Department's newly-established Iran Action Group, after he was asked by reporters about the group’s plan for dealing with China, the National Iranian Oil Company's website reported.
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Publish Date:19/August/2018 | 07:29

TPO Clarifies Import Ban List to Foreign Traders

EghtesadOnline: The recent ban imposed on the import of certain products has caused serious problems for countries wishing to continue trade with Iran, despite United States' sanctions.
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Publish Date:18/August/2018 | 08:54