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oil

4th round of oil sales on internal exchange market: Iran issues statement in English

First and second rounds saw anonymous clients buy nearly a million barrels. But, there were no buyers for the third round that was held on 21 January.

Energy

China proposes Iran $3 billion oil field investment under US waivers

Beijing takes advantage of U.S. sanctions waiver while EU companies balk at risk

Energy

Iran to offer another 1 million barrels of oil on domestic bourse

Tehran sought to keep its sales flowing by putting its crude on energy exchange for sale to bypass the renewed US sanctions that are targeting the country’s vital oil and banking sectors.

Energy

Iran exports to Iraq worth $11bn annually

Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.

Trade

Iran finds new oil buyers despite US sanctions

Iran official says despite U.S. pressures on Iranian oil market, the number of potential buyers of Iranian oil has significantly increased due to a competitive market.

Energy

India exempts rupee payments for Iran oil from hefty taxes

India was granted a US waiver to keep buying Iranian oil in November after Washington revivded economic sanctions on Tehan. But, the money for the sold has not made its way back to Iran as the sanctions have paralysed dollar-based financial transactions.

Energy

Iran to sell 3mn barrels more of its crude on Energy Exchange

Irans highest oil official says the third offering could take place "as early as next week" after one million barrels were sold in October and November dealings.

Energy

Foreign companies eye Iran crude on Energy Exchange

After Washington unilaterally walked away from the 2015 nuclear deal signed with Iran, Europe, Russia and China, Tehran moved to cushion the consequences of renewed economic sanctions on its vital oil sector.

Energy

Iran private firms to build offshore vessels for Persian Gulf oil operations

In a bid to reduce its dependency on foreign companies and consequently offset sanctions, Iran has been able to reduce by 60% the number of foreign vessels that have been used in the countrys oil operations.

Energy

OPEC agrees output cut after crunch talks despite US pressure

Member states of the Organization of the Petroleum Exporting Countries (OPEC) and 10 other oil producing nations have agreed to cut output by 1.2 million barrels a day despite opposition from US President Donald Trumps administration.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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