May 4 2015 - 17:46
A US delegation will visit Iran this week to study investment opportunities in the oil sector of the country. The delegation will meet with officials of the Iranian government and oil companies and mediators, Gazeta.ru reports.Iranian Deputy Oil Minister Abbas Sheri Moghaddam emphasized that the visit will be the basis for operation of international oil and gas companies of the US in Iran after the lifting of the sanctions.
Apr 9 2015 - 19:21
Alexey Pushkov, the head of the Russian State Duma Committee for International Affairs, believes that Iranian oil will enter the world market no sooner than early 2016. He reminded that the Iranian nuclear program remains unsettled, TASS reports.Pushkov noted that even access to the world market would not make a big change, because Saudi Arabia was compensating for Iran's expulsion from it. Iran had limited access to European markets using Turkish pipelines, added the Russian lawmaker.
Mar 21 2015 - 15:24
Recent progress in the negotiations with the group of six international powers may be the basis for a final deal on Iran's nuclear program, Iranian president Hassan Rouhani said today. "During the negotiations, there was a commonality of views in some areas where our views diverged earlier, it can serve as a basis for a final agreement," Rouhani is quoted by RIA Novosti with reference to Reuters.
Mar 20 2015 - 18:15
Iran will exchange oil for humanitarian goods (food, medicine, medical equipment) from India. 45% of the barter worth up to $100 million a month will be conducted in rupees using the UCO Bank account (55% in euros for sums greater than $100 million), RIA Novosti reports. India has been paying for Iranian oil in euros, the rest in rupees, since July 2011. Iran has opened an account with the UCO Bank. 55% of the deal is paid in euros, the rest in rupees.
Mar 13 2015 - 20:46
Iran has failed to make $7.8 billion from oil exports as a result of international sanctions, as stated by Spokesman of the Iranian Government Mohammad Nobakht today, RIA Novosti reports.The sanctions hinder transfer of money through international banks.The main buyers of Iranian oil are China, India, Japan, South Africa and Turkey, according to Nobakht. Iran earned $52.8 billion from oil exports in 12 months.
Mar 12 2015 - 18:41
Countries of the Middle East should unite to cope with the uncontrolled terrorism, outside countries should adhere to the policy of non-military assistance to legitimate governments, the Iranian Ambassador to Russia, Mehdi Sanaei, said in an interview to Vestnik Kavkaza at a conference called “The situation in the Middle East: ways to solve the crisis” held at the Russian Institute for Strategic Studies (RISS).