Reuters: Iran and China are in talks to use the Chinese yuan to settle transactions of oil and projects, as heightened sanctions from the United States and Europe seek to further isolate Tehran from the global financial system.
Iran, China explore using yuan to settle trade -sources
Sanctions slow development of huge natural gas field in Iran
Washington Post: Increasingly tough international sanctions over Iran’s nuclear program have significantly slowed the county’s most prestigious economic project, scheduled to rake in more than $130 billion in annual sales of natural gas after its completion.
Iran seeks to sell 11.5 bln euros bonds by March 2011
Reuters: Iran plans to issue bonds worth some 11.5 billion euros ($14.8 billion) by March 2011 to help finance development of its energy sector, the semi-official Mehr news agency quoted a senior official as saying on Friday.
Obama: time to form Iraqi government ‘without delay’
AFP: US President Barack Obama said Thursday it was time for rival Iraqi parties to form a government “without delay,” cranking up US pressure for an end to the political deadlock in Baghdad.
Iran authorities chop off hands of 5 men
Iran Focus: Tehran, Jul. 22 – Authorities on Thursday amputated the hands of five men accused of stealing in the city of Hamedan, western Iran.
Iran says China seeks to invest in refinery sector
Reuters: China seeks to finance development of Iran’s refinery industry, an Iranian official was quoted on Thursday as saying, trying to show sanctions have not stopped foreign investment in the Islamic state’s energy sector.
EU envoys close to agreement on Iran sanctions
AFP: The European Union moved closer Thursday to an agreement on the precise details of the sanctions it will impose on Iran over its refusal to halt its nuclear programme, EU diplomats said.
Manx ship Iran link raised by MP in Commons
BBC: The Justice Secretary Ken Clarke said he will contact the Manx government over allegations the island’s shipping companies have helped Iran evade international sanctions.
Q&A-What are Russia’s energy interests in Iran?
Reuters: Russia, the world’s largest oil producer, must carve a careful path between its efforts to improve ties with Washington and its historic relationship with Iran, a fellow oil and gas power.
Despite pledges, Iraqi Kurd oil still flows to Iran
Reuters: Despite a pledge by Iraqi Kurdistan to crack down on the flow of fuel being smuggled to Iran, the only real impediment truck drivers say they face are long lines that force them to wait for days to cross.
