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Iran oil sales

Iran to sue South Korean banks for non-payment

Iran is taking a legal action to force South Korean banks to give Iran access to billions of dollars frozen under U.S. pressure, the Iranian Foreign Ministry announced on Saturday.

Trade

Iran’s strategic oil pipeline bypassing Strait of Hormuz to be launched early 2021

Iran has officially launched a $1.8 billion oil pipeline project which will provide the country with an alternative route for crude oil exports that are currently transferred through the Strait of Hormuz.

Energy

Iran sold gasoline to Venezuela at market price: Zanganeh

Petroleum Minister Bijan Zanganeh says the Iranian gasoline delivered to fuel-starved Venezuela last month was sold to Caracas at market price.

Energy

Rouhani urges push to release Iran assets in foreign banks

President Hassan Rouhani has urged the Central Bank of Iran (CBI) to continue following up on the release of the country’s frozen assets in foreign banks.

Trade

Iran urges South Korean banks to release its $7b oil money

Governor of the Central Bank of Iran called on South Korean banks to release Iran’s oil money frozen under US pressure, warning that the Islamic Republic reserves the right to take legal action under international law.

Trade

Fifth Iranian fuel tanker docks in Venezuelan port

The fifth and last tanker in a flotilla of ships carrying Iranian fuel has entered Venezuela’s state oil company Petroleos de Venezuela (PDVSA)’s El Palito refining facility.

Energy

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

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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