Iran is seeking $85bn worth of investment in its under-performing petrochemicals sector, chairman of the petrochemical subcommittee of Iran’s parliament Moayed Sadr Hossein was quoted as saying by the official Fars news agency yesterday. Iran’s National Petrochemical Company (NPC) says…
Category: Iran
Increases in Iranian oil production to take time: Fitch Ratings
Iranian crude oil production is likely to increase in 2016 but will take years to reach its previous peak, Fitch Ratings says in a statement issued today. Iran exports 1.1 million barrels a day (b/d) now compared with around 2.5 million…
Sanctioning Iran into capitulation is “fantasy”: Kerry
US secretary of state John Kerry said in a statement today that applying sanctions to Iran until it capitulated, the strategy urged by Israel and the Republican majority in congress, was an impractical approach. “I will tell you, sanctioning Iran…
US congress critical to timing of lifting of Iran sanctions
US Congress, which is dominated by opponents of President Obama’s Iran policy, will not be able to block but will definitely slow the lifting of US, UN and EU Sanctions on the Islamic republic, analysts say. The joint comprehensive plan…
The next steps to the end of Iranian sanctions
The joint comprehensive plan of action (JCPOA) agreed today by Iran and the West involves further steps that will have to be completed before UN, US and EU sanctions are lifted: Today’s agreement is deemed to be finalisation day. This…
Kuwait discusses gas imports from Iran: KUNA
Kuwait’s Minister of Oil and Minister of State for National Assembly Affairs Ali al-Omair today discussed cooperation in the oil sector and prospects of importing gas from Iran with Iran’s Oil Minister Bijan Zanganeh in a meeting Tehran. The meeting…
Fear of bank sanctions is disrupting Iran food imports: Reuters
Fear among international banks about being subject to penalties for breaching sanctions against Iran are disrupting food imports into the Islamic Republic, Reuters reported on 10 May. It says that hundreds of thousands of tons of grain and sugar in…
Iranian petchems to EU still blocked; WSJ
Iranian petrochemical exports are still being blocked by the EU despite the easing of sanctions effective since the start of 2014, the New York daily The Wall Street Journal has reported. Abbas Shea’ri Moghaddam, Iran’s deputy oil minister for petrochemicals,…
Barclays blocked payment to journalist for mentioning Iran
Freelance travel journalist Minty Clinch told the BBC Radio 4’s You & Yours programme this morning that Barclays had blocked a payment into her bank account because it was for an article about Iran. Clinch said that the publisher, the Abu Dhabi…