Japan has been one of the eight countries that have been exempted from the US sanctions to be able to buy energy from Iran. Tokyo says it’s willing to import Iranian crude but needs an extension of its waiver.
Allies since the onset of Iran’s Islamic Revolution of 1979, Tehran and Damascus have developed their ties, mostly political, over the years. Economic relations have been put on the back burner for years, but now Syria’s open-door policy for Iranian firms is a gold opportunity that mustn’t be missed.
Although Portugal was the 75th destination of Iranian exported products, businessmen from this European country have traveled to Iran to expand business relations between the two countries as the creation of INSTEX has seemingly breathed new air into Iran’s trade with Europe.
The Persian Gulf Star gas processing plant is the most modern and the largest project of its kind in Iran and the largest in the world that has been developed to not only help country stop importing gasoline but also turn into a potential exporter of this product.
The long-awaited special purpose vehicle to facilitate Iran-EU trade in the face of renewed US sanctions has officially been put in place in France. It’s waiting for a similar Iranian entity and several other factors to become operational.
20 February 2019