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Iran Chamber Newsroom

Iran sells 1,085,000 barrels of oil on IRENEX since last November

Light and heavy crude have been the only oil Iran has been able to sell on the exchange market since last November.

Energy

Indian rice, soya exporters to Iran call for payment guidelines as contracts shrink

Indian companies, engaged in exporting rice and soyabean meals to Iran are requesting that Indian government come up with special guidelines about how to clear payments from Iran.

Trade

Iran-Eurasia Economic Union FTA expected to enter into force this summer: Armenia

A Free Trade Agreement between Iran and the five member states of the Eurasian Economic Union, that is Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia, will allow Tehran to engage in trade exchanges with Central Asia and the Caucasus.

Trade

US sanctions on Iran petrochemical sector mere propaganda: Analysts

Analysts and officials say such punitive measures are no concern for Iran, because clients of the Iranian petrochemical companies won’t abide by the sanctions.

Energy

Iraq has no alternative for Iranian energy imports: Minister

The Iraqi minister of energy says he is optimistic his country will get second US sanctions waivers as Baghdad has no other alternative sources to replace the Iranian gas and electricity.

Energy

Russia, Netherlands eager to join Europe’s INSTEX

High-level Russian and Dutch officials have said that their countries are very keen on maintaining trade with Iran through the INSTEX mechanism.

Trade

Iran’s Bank Mellat to sue UK Treasury for 2009 sanctions

The Iranian private lender Bank Mellat will take the UK former chancellor Alistair Darling to the court to claim damages inflicted on the bank due to the sanctions it imposed on it in 2009.

Financial Markets

South Korea deputy PM pledges to resolve banking problems with Iran

South Korean deputy PM Hong Nam-ki says he is unhappy with the banking situation with Iran, saying he will do whatever he can to resolve the issues.

Financial Markets

CBI governor urges faster resolution of banking problems with South Korea

Abdolanser Hemmati Governor of the Central Bank of Iran (CBI) is in South Korea to resolve an acute banking situation with South Korean banks that have barred Iran from accessing its funds due to the US sanctions.

Financial Markets

Iraq not seeking to substitute Iranian gas, electricity: Ambassador

The Iraqi envoy to Iran says although there are substitutes for Iranian energy, Baghdad maintains committed to imports from Iran and that is lookig for alternative ways of doing so.

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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