Banking

Germany urges an independent payment channel to Iran

It is almost clear: without a proper international payment channel to Iran, the nuclear deal cannot be saved. The German Foreign Minister, Heiko Maas, urges creating such channel between Europe and Iran, independent of the […]

Energy

China keeps buying oil from Iran

China keeps buying oil from Iran and will use the National Iranian Tanker Co (NITC) for nearly all their imports to be shipped, reports Reuters. China has recently cut its crude oil purchases from the […]

International News Review

FATF approval by the Iranian constitutional body

Reuters writes that the top Iranian constitutional body, Guardian Council, has approved the legal amendments on combating the funding of terrorism. Iran has been trying to implement standards set by the Financial Action Task Force […]

Energy

Tehran offers oil cargo insurance to India

In order to keep its oil clients in Asia, Iran has started to offer cargo insurance to India, reports Reuters. Iran’s key market for oil located in Asia is under threat as the U.S. sanctions […]

Energy

Oil Ministry changes management duration

The Oil Minister, Bijan Zanganeh, is imposing four-year term limits for all top oil managers at state-run energy companies, writes Bloomberg. The new rule will take place since October 2018 and it will affect the […]