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Iran oil sales

EU considering buying Iran oil through INSTEX to keep Tehran in nuclear deal

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.

Financial Markets

Iran offers incentives to foreigners to buy oil on Energy Exchange

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.

Energy

Iran says hopeful of future oil sales

The Iranian oil minister said on Sunday that his is confident the Iran’s oil sales will improve in the future despite the US sanctions.

Energy

Iran can secure Indian energy demands to preserve its national interests: Ambassador

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.

Energy

2mb of light crude to go on sale on IRENEX on Tuesday

This is the 12th offer of two million barrels of oil on the Energy Exchange since such sales started in November 2018.

Energy

Iranian tanker unloads second crude cargo in China after sanctions waivers end: Report

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.

Energy

Iran skips OPEC production cut extension deal

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.

Energy

Iran praises INSTEX ‘strategic value’, says it needs Tehran oil revenues

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.

Financial Markets

Iran says OPEC unity necessary for cooperation with non-OPEC producers

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.

Energy

Iran delivers first Chinese oil cargo since May: Report

Data from oil tankers show that an Iranian oil carrier has berthed at a Chinese port to be the first confirmed delivery of Iranian crude purchase after 2 May when the US didn’t extend oil sanctions waivers for clients of Iranian energy.

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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