Iran boosts oil exports in face of sanction threats

Iran boosts oil exports in face of sanction threats

Iran’s oil exports hit 2.4 million barrels per day (mbpd) in May in what is seen as a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of returning US sanctions. Reported by HPMM Group according to Press TV ;  Based on the latest figures provided by Iran’s Ministry of Petroleum, […]

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UK firms eye continuing coop. with Iran

UK firms eye continuing coop. with Iran

 Vice Chairman of Board of Directors of the British-Iranian Chamber of Commerce Sirous Mehdizadeh said that British companies are interested in broadening and enhancing their cooperation with Iran. Reported by HPMM Group according to MEHR NEWS AGENCY   :     In this regard, the British companies, willing to do business with Iran, are eagerly waiting EU new instructions to […]

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US to claim $1.7bn penalty from China’s ZTE

US to claim $1.7bn penalty from China’s ZTE

The administration of US President Donald Trump is reportedly planning to seek a penalty of $1.7 billion from China’s telecommunications major ZTE Corporation. Reported by HPMM Group according to Press TV  :   The move – as revealed by people familiar with the matter – would be meant to punish and tighten control over the company before allowing […]

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Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

Iran’s President Hassan Rouhani says a line of credit agreement between Tehran and Rome can pave the way for operationalisation of documents earlier signed between the two countries.  Reported by HPMM Group according to IRAN FRONT PAGE  :  In a Saturday letter to his Italian counterpart Sergio Mattarella, Rouhani offered congratulations to the Italian nation and government […]

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S Korea’s Daelim cancels $2.08bn order from Iran for fear of sanctions

S Korea’s Daelim cancels $2.08bn order from Iran for fear of sanctions

  Reported by HPMM Group according to MEHR NWES AGENCY : South Korea’s Daelim Industrial said on Friday that a contract worth 2.23 trillion won ($2.08 billion) for a refinery project in Iran was canceled amid the fear of sanctions from Trump administration. The order was canceled as the Esfahan Refinery Upgrading Project failed to procure financing because of […]

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India to discuss ways out of Iran sanctions with EU

India to discuss ways out of Iran sanctions with EU

India plans to send a top delegation to Europe next week to explore ways to continue to trade with Iran despite US sanctions.   Reported by HPMM Group according to Press TV  ;  At the top of the agenda would be preserving the current mechanisms for Indian companies to pay to Iran for their oil purchases through EU […]

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US tariffs a dangerous game, says EU

US tariffs a dangerous game, says EU

The US is playing a ‘dangerous game’ by slapping tariffs on European steel and aluminum, the European Union’s trade commissioner has said. Reported by HPMM Group according to IRAN Daily  ;  Cecilia Malmstrom warned the move by US President Donald Trump would have consequences for the economic recovery of the EU, as well as US consumers, according to […]

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Germany ready to technologically support Tehran

Germany ready to technologically support Tehran

Germany is fully ready to grow cooperation with Tehran metropolis in the technology realm, said German ambassador to Iran Michael Klor-Berchtold on Friday.  Reported by HPMM Group according to IRAN  NWES   ;  Making the remarks in a meeting with Tehran City Council Chairman Mohsen Hashemi, German ambassador highlighted that there are numerous grounds for cooperation between Germany and […]

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China, Iran’s choice for export of minerals

China, Iran’s choice for export of minerals

   Reported by HPMM Group according to MEHR NWES AGENCY  ;  Deputy Minister of Industry, Mine and Trade Mehdi Karbassian said, “China accounts for 50% share in the world in terms of production and business of minerals and is a proper choice for being replaced with the companies that breached their promise within the framework of Joint […]

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Zanganeh writes to OPEC, calling for support for sanctioned members

Zanganeh writes to OPEC, calling for support for sanctioned members

Iranian Oil Minister Bijan Namdar Zanganeh has sent a letter to OPEC President Suhail Mohammed Al Marzouei calling for the organization’s support for members targeted by sanctions, Shana reported on Thursday. Reported by HPMM Group according to IRAN NWES  ;    In the letter, Zanganeh asked Mazrouei to include a separate agenda item for the June OPEC meeting […]

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