NITC poised to grab post-sanctions opportunities
The head of National Iranian Tanker Company (NITC) says the company will revive its presence in high seas once the US-led sanctions on Tehran’s nuclear program are lifted. Speaking at an international conference on maritime industries and shipping in Kish Island, south of Iran, on Thursday, Ali Akbar Safaei said…
Iran expecting big rise in foreign arrivals
Recent editions of many international tourism journals, including National Geographic, have referred to Iran as a top emerging tourism destination, which can contribute to rise in the number of foreign tourist arrivals to the country, said Morteza Rahmani Movahed, the deputy head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization….
Russian minister: Tehran. Moscow mulling trade with naitonal currencies
Minister of Industry and Trade of Russia Denis Manturov said that Tehran and Moscow are mulling trade with their national currencies. Manturov, who returned from a Tehran visit recently, in an interview with Russian State TV Channel 2 on Saturday, said that considering high volume of trade exchange between the…
Continued falling price not to affect oil exports
Deputy Oil Minister Roknoddin Javadi said on Saturday that since oil is produced at low cost in Iran, its continued falling price will not cause any problem on the way of its exports. Javadi said that after removal of sanctions, Iran will regain its share in the world oil markets….
End of US crude export ban not to affect global oil market: Iran
Iran says the US Congress decision to end a 40-year ban on crude oil exports by this country should not affect the market dramatically. ‘The US produces light, sweet crude oil that will not be a good substitute for Iran’s crude oil supplies,’ said Mehdi Assali, OPEC affairs director of…
IMF: Persian Gulf states need ‘Major adjustments’
The International Monetary Fund (IMF) warned not enough is being done by oil-rich Persian Gulf states and other major Middle East oil exporters to counter the drop in global oil prices. According to dispatches, the IMF report said that there needs for “major adjustments” in the fiscal policies of the…
Iran, buyers agree on post-sanctions oil deals: CEO
Managing Director of National Iranian Oil Company (NIOC) said Tehran has reached agreements with buyers of its crude oil over signing of contracts after removal of sanctions adding that continued drop in oil prices will not hamper Iran’s exports. “Iran will win back its global market quota in the post-sanctions…
Australia plans to send trade delegation to Tehran
Australian Ambassador to Iran Paul Foley said on Saturday that Australian government plans to dispatch a delegation to help restore commercial ties with Iran regardless of US House of Representatives visa waiver program which included Iran visitors. In a meeting with head of Tehran Chamber of Commerce, Industries and Agriculture…
Turkey shots down Russian Su-24 and shuts down its tourism: Report
Turkey made a reckless move by downing a Russian Su-24 attack aircraft in Syria, and is now paying the price for its actions due to sanctions imposed by Russia. While shooting down a Russian warplane, the Turkish Air Forces were apparently unaware that they were taking aim at their country’s…
Minister: Post-sanction Iran-India ties to develop
Minister of Economy and Finance Ali Tayyebnia said that Iran and India are poised to deveop ties in post-sanction era not only in trade exchange, but in economic and investment cooperation. Tayyebnia, who is in India to attend joint economic commission meeting told IRNA here on Friday that the commission…
