The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.
Turkmen Ambassador to Iran Ahmed Gurbanov says the upcoming first Caspian Sea littoral states economic forum is supposed to improve the economic cooperation perspectives between the five countries that share Caspian Sea: Iran, Azerbaijan, Turkmenistan, Russia and Kazakhstan.
The EU’s plan to continue trading with Iran in defiance of US sanctions has, so far, come up short. Tehran wants oil included in the new barter system, INSTEX. Despite US threats, Brussels appears to be listening.
Emmanuel Bonne, the senior diplomatic aide to French President Emmanuel Macron is expected in Tehran later on Wednesday in a bid to talk about exit ways of the current nuclear dilemma. He many also talk about Europeans efforts to get INSTEX operational.
Islamabad is studying plans to privatise its bankrupt steel maker. But, it needs over $100m and such huge investment is hard to come by in cash-stripped Pakistan. Iran Chamber Newsroom analyses if Iranian private steel makers should invest in PSM.
Iran’s overseas debts have declined from $10.03 billion reported at the end of the fiscal third quarter (Dec. 21, 2018) to $9.3 billion by the end of the fourth quarter (March 20, 2019), indicating a 7% decline.
The Scandinavian country says it’s considering options to be one of the European countries that use the payment channel to continue trade with Iran.
President of the Iranian private sector parliament says the new Italian envoy to Iran should do more to fortify mutual relationships.
New Italian Ambassador to Iran Giuseppe Perrone attended the general assembly of Iran-Italy Joint Chamber of Commerce that was held on Sunday at Iran Chamber of Commerce HQ in Tehran.
National Iranian Oil Company (NIOC) says foreign natural entities can also purchase the Iranian oil that is offered each week on Iranian Energy Exchange in a bid to lure more potential customers for its crude.