Data by the French company Kpler show that the oil has been delivered at one of the Sinopec’s refineries. It would be the second oil shipment from Iran to China following the end of US sanctions waivers on 2 May.
The Iranian oil minister says the extension doesn’t involve Iran as the country is already suffering the consequences of US unilateral sanctioned reimposed last year.
The Iranian foreign minister says the European payment mechanism isn’t enough but that it’s strategic. Also, the Iranian oil minister says the channel needs Iranian crude money as capital.
The Iranian authorities are seeking to attract up to two million Chinese tourists a year after Tehran decided to unilaterally revoke visa regime for citizens of the wealthy Asian country.
The Iranian lawmakers passed a government bill that encourages and supports investment by both countries. However, the US sanctions have hindered that joint Iran-European projects be materialised.
The Iranian petroleum minister has called on the OPEC members to unite as the oil producing states and others are set to agree on production cut extension in Vienna meeting on Monday.
The Iranian cabinet has approved a law that allows authorities to grant residency to investors of other nationalities who can invest up to 250,000 euros in the Iranian economy.
Director of the export support centre in Russia’s Volgograd region believes the US sanctions won’t hurt Iran-Russia ties as the two countries have always been having good relations.
The Iranian representative to the UN says if capital is not injected into the European payment channel with Iran, it won’t suffice as it won’t be able to carry out financial transactions.
The European Union has announced that its INSTEX mechanism to facilitate trade with Iran was up and running on Friday.