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Essar Raises Iran Oil Imports

EghtesadOnline: Essar Oil, Iran's key Indian client, doubled oil imports from Iran in 2016/17 to about 239,000 barrels per day as it stepped up shipments after sanctions against Tehran were lifted, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
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Publish Date:29/April/2017 | 11:33

Iran Reports Upsurge in Crude Exports

EghtesadOnline: The easing of international restrictions against Tehran in early 2016 breathed new life in the economy and allowed the country to augment the shipment of crude oil, its most important export commodity.
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Publish Date:26/April/2017 | 06:54

Iran Oil Ministry Minimizes Risk of New Sanctions

EghtesadOnline: International companies should seize new opportunities for investment in Iran's economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions between Tehran and Washington, a top oil official says.
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Publish Date:24/April/2017 | 06:08

Imports to Iran Cheaper After Sanctions Removal

EghtesadOnline: Each ton of imports costs Iran $237 less on average since the landmark nuclear deal, known as the Joint Comprehensive Plan of Action, between Iran and world powers came into effect last January, the Statistical Center of Iran said.
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Publish Date:24/April/2017 | 06:05

With Sanctions Behind, Iran Looks Ahead

EghtesadOnline: The lifting of sanctions on Iran following its nuclear deal with global majors in 2015 has opened up a world of opportunities for global companies to foray into.
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Publish Date:23/April/2017 | 09:32

Italy Refiner Clears $428m Oil Debt

EghtesadOnline: Italian oil refiner Saras cleared in the first quarter of this year the debt it owed Iran for oil bought before sanctions were imposed, general manager Dario Scaffardi said.
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Publish Date:22/April/2017 | 08:31

War for Talent Shows Nuclear Deal Rewards for Skilled Iranians

EghtesadOnline: Aryan’s timing was impeccable: Months after he returned to Iran from college in Canada, job offers started to pile up. A decade of economic sanctions was drawing to an end in early 2016 as he settled back home, prompting a frenzied chase for Iran’s small pool of white-collar professionals.
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Publish Date:18/April/2017 | 05:37

South Korea's March crude imports from Iran hit record high

EghtesadOnline: South Korea’s intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran’s efforts to raise output after the lifting of sanctions early last year, Reuters reported.
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Publish Date:15/April/2017 | 13:15

FM spox: Iran expects all G7 members to fully comply with JCPOA

EghtesadOnline: Foreign ministry spokesman urged all parties to the Joint Comprehensive Plan of Action to remain committed to the JCPOA while adhering to the good intention as a prerequisite for endurance of the multilateral document.
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Publish Date:13/April/2017 | 07:33

Iranian Banks' L/C Boom in Post-Sanctions Era

EghtesadOnline: The Ministry of Economy has published the details of letters of credit and banking guarantees that Iranian banks allocated over the past few years, which marks the progress of these banks after economic sanctions against Iran were lifted.
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Publish Date:09/April/2017 | 08:22

BP Licensed to Operate Rhum Gas Field With Iran

EghtesadOnline: BP and Iran's state-run oil company received a license from the US Treasury last year to operate their joint gas field in the North Sea following the lifting of international sanctions on Tehran, BP said on Thursday.
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Publish Date:08/April/2017 | 05:20

Investment Protection Deals Signed Between Iran and 6 Countries

EghtesadOnline: In the aftermath of sanctions removal as a result of Iran's nuclear deal with world powers –formally known as the Joint Comprehensive Plan of Action–the administration of President Hassan Rouhani has signed bilateral investment protection agreements with six countries, including Russia and Japan.
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Publish Date:08/April/2017 | 05:19

Total developing own Iran banking channels

EghtesadOnline: French energy giant Total says it is trying to develop its own mechanism to carry out Iran-related banking transactions without falling afoul of US primary sanctions that still restrict doing financial activities with the Islamic Republic.
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Publish Date:04/April/2017 | 24:15

Iran Expanding Ties With Int'l Monetary Institutions

EghtesadOnline: An Economy Ministry official has said that with the lifting of sanctions targeting Iranian economy in the wake of the 2015 nuclear accord, the country has joined various global monetary institutions, which goal will be further pursued in the future.
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Publish Date:04/April/2017 | 07:38

$12b Worth of FDI Approved in Iran Post Sanction

EghtesadOnline: Iran has approved more than $12 billion worth of foreign direct investments during the period from December 22, 2015, to February 28, 2017, according to a report by the Organization for Investments and Economic and Technical Assistance of Iran.
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Publish Date:03/April/2017 | 09:17

Giuliani Sought Top-Level Meetings to End Iran Sanction Case

EghtesadOnline: Former New York Mayor Rudy Giuliani tried to meet with U.S. government officials and went to Turkey in an attempt to end the prosecution of a Turkish-Iranian businessman accused of helping Iran evade financial sanctions, according to prosecutors in Manhattan.
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Publish Date:01/April/2017 | 18:13

U.S. Lawmakers Back Measures to Protect Israel By Punishing Iran

EghtesadOnline: Aiming to prove their commitment to Israel, senior U.S. lawmakers are backing bipartisan legislation that would slap Iran with new sanctions while maintaining rigorous enforcement of the landmark nuclear deal.
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Publish Date:29/March/2017 | 03:42