News & Events

China, Turkey Strongly Oppose End of Iran Oil Waivers The recent announcement by the United States that all Iran oil sanctions waivers will terminate by May has drawn the strong objection of Turkey and China, two of the biggest importers of Iranian oil. Date: 4/25/2019

China, Iraq Iran’s biggest trade partners China is Iran’s biggest and main trade partner with $8.3 billion, followed by Iraq with $8.2 billion, Iran Customs Administration’s head, Mehdi Mirashrafi said. Date: 4/18/2019

Worries over global economy outweighs geopolitical factors in setting oil prices The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year. Date: 4/11/2019

Russia-led free-trade zone to accept 5 new members, including Iran Free-trade agreements are expected to be signed between the Russia-led Eurasian Economic Union (EAEU) and five more countries including Singapore, India, Egypt and Iran in the near future. Date: 2/12/2019

Oil minister says Europe not buying Iran oil despite US waivers Iran’s Oil Minister Bijan Zanganeh said Tuesday Italy and Greece had stopped buying oil from Iran despite being granted waivers from US sanctions. Date: 2/6/2019

Iran’s industrial export grows 13% Iran’s industrial export has grown 13 and 6 percent respectively in value and weight during first 9 months of the current Iranian fiscal year (started March 21, 2018), comparing to the same period last year. Date: 1/30/2019