Iran Economy News

China halves Jan Iran oil imports in payment dispute

Reuters: China's top refiner Sinopec Corp will in January buy less than half the crude it typically imports from Iran, trade sources said on...

Iran admits the pain of sanctions

AFP: Western sanctions have taken such a toll on Iran over the past 18 months that now -- as the screw is about to...

Russia’s Tatneft denies agreed deal in Iran

Reuters: Russian oil company Tatneft denied on Monday it had agreed to develop an oil field in Iran. MOSCOW Dec 19...

Russian company signs up to develop Iran oil field

Reuters: Iran signed a deal reportedly worth up to $1 billion with Russia's Tatneft on Sunday to develop an oil field, a rare example...

Indian refiners explore replacing Iranian oil – sources

Reuters: Indian companies have begun talks with alternative suppliers to slowly replace Iranian oil, fearing their current mechanism for payments to Tehran for some...

Turkey refuses to open BPCL a/c for Iran oil-sources

Reuters: Turkey's Halkbank has refused to open an account for India's BPCL to settle payments for Iranian oil imports, three oil industry sources told...

Iran says Saudi won’t fill Iran gap in oil embargo

Reuters: Saudi Arabia will not seek to replace Iranian oil in the case of oil sanctions against Iran, Iranian Oil Minister Rostam Qasemi said...

Iran crude exports to China’s Sinopec to fall a third in Jan

Reuters: Iran's crude exports to China Sinopec Corp for January loading are set to fall by about 165,000 barrels per day, or a third...

Latest news

How Do the Children of Iranian Regime Officials Manage Smuggled Wealth?

Sky News published a report on April 19 about the children of Iran's ruling elites, who are known as...

The Collapse of Livelihoods in Tehran; Housing Rent Has ‌Become a Nightmare

An examination of rental listings in Tehran’s Districts 4 and 5 shows that the average asking rates in April...

Iran’s ‘No To Executions Tuesdays’ Campaign Marks 117th Week

On Tuesday, April 21, the "No to Executions Tuesdays" campaign entered its 117th week. On this occasion, prisoners participating...

Must read

The Pahlavi Restoration: A Legacy of Torture and Revisionism

1924: A poet is murdered for his verses, silenced...

Iran’s Economy Under Pressure from War and Internet Shutdowns

As the true dimensions of Iran’s economic crisis become...

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EU plays down deadline for Iran talks

AFP: EU foreign policy chief Catherine Ashton on Monday...

Iran says UN sanctions are ineffective

Iran Focus: Tehran, Iran, Apr. 19 - Iran’s Minister...

Ahmadinejad orders purge of local officials before Iran polls

AFP: President Mahmoud Ahmadinejad has ordered the sacking of...