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Iran oil sales

First tanker carrying Iranian fuel reaches Venezuela despite US warning

The vessel has arrived in Venezuelan waters to help alleviate fuel shortages in the former oil-exporting nation. Tehran had warned of "consequences" if the US stopped the ship.

Energy

First of five Iranian tankers to reach Venezuelan waters Sunday

A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country’s waters on Sunday.

Energy

Iran’s fourth tanker heading to Venezuela transits Gibraltar Strait, fifth on the way

Iran’s oil tanker named Faxon which reportedly is destined for Latin America, has passed through the Strait of Gibraltar. Another tanker named Clavel has also passed through the Suez Canal and is moving towards Gibraltar.

Energy

US not banning medicine flow to Iran, very big lie: Zanganeh

Bijan Namdar Zanganeh has lashed out at the United States for claims that Iran’s import of medicine and other humanitarian goods are exempt from Washington’s unilateral sanctions.

Society Economy

France dangles $15b bailout for Iran in effort to save nuclear deal

A senior Iranian delegation arrived in Paris on Monday to work out the details of a financial bailout package that France’s president, Emmanuel Macron, intends to use to compensate Iran for oil sales lost to American sanctions. In return for the money, Iran would agree to return to compliance with a 2015 nuclear accord.

Trade

Iran could restore oil output to pre-sanctions level within three days: Minister

Iran would need three days to lift its oil production back to the level it was at before US sanctions were imposed, the semi-official Mehr news agency quoted Iranian Oil Minister Bijan Zanganeh as saying on Tuesday.

Energy

US offers Iran credit lines, limited crude sales

US President Donald Trump said Monday he’d support extending what he called a “letter of credit” to Iran, secured by oil, to help the country meet short-term financial obligations.

Energy

China continued Iran oil imports in July in teeth of US sanctions: Report

Iran is now relying on the Asia’s rising dragon to be a helping hand in its oil sales as the US sanctions impede foreign Iranian crude flow. The latest data show China is trying hard to prove the US can’t affect its economy.

Energy

Iran’s vice president urges China, friendly countries to buy oil

After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.

Energy

Iran says tanker incidents have not impacted its oil sales

Iran’s Oil Minister, Bijan Zanganeh, said on Sunday that the country’s oil exports had not been impacted so far by the recent tanker incidents in the Persian Gulf.

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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