The two main European countries behind the European payment mechanism say they are working at top speed to bring the channel online very soon, preferrably before this Sunday when Iran will announce more commitments reduction.
Iran’s minister of trade, mine and industry signs cooperation document with Pakistani officials to ease trade barriers so Tehran and Islamabad reach their target of 5 billion dollars in their annual trade volume.
The Iranian envoy to India Ali Chegeni said India and Iran are long-time friends and that it’s in New Delhi’s interests to buy Iranian oil.
Iranian oil minister Bijan Zanganeh says the production cut deal as well as the OPEC+ Charter of Cooperation have been approved by Tehran that has been exempted from the cuts.
AFP is reporting that a dinar-based account in Trade Bank of Iraq is supposed to be used to pay for Iranian energy in return for Tehran’s humanitarian purchases.
This is the 12th offer of two million barrels of oil on the Energy Exchange since such sales started in November 2018.
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.