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.
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.