OPEC agrees joint 1.2mn bpd output cut despite US pressure

Tehran (KNA) - Member states of the Organization of the Petroleum Exporting Countries (OPEC) and 10 other oil producing nations have agreed to cut output by 1.2 million barrels a day despite opposition from US President Donald Trump's administration.

12/8/2018 10:19:00 AM

Iran’s foreign debt drops by 9% in 1st six months: CBI

Tehran(KNA) : Central Bank of Iran (CBI) said that Iran’s total foreign debts decreased nine percent in the first six months of the current year (March 21 – Sept. 21), showing a significant slump as compared to the same period last year.

11/26/2018 1:06:00 PM

China to resume imports of oil from Iran soon

Tehran (KNA) - China is said to be preparing to resume imports of crude oil from Iran in what analysts say could allay fears that US sanctions on the major producer would constrain global supplies.

11/24/2018 9:36:00 AM

Russia to develop financial coop. with Iran despite US sanctions

Tehran (KNA) - Russia’s Permanent Envoy to the United Nations and International Organizations in Vienna Mikhail Ulyanov said that Russia is determined to broaden its financial cooperation with the Islamic Republic of Iran despite US sanctions imposed on Iran.

11/24/2018 9:31:00 AM

US sanctions Russia, Iran firms for Syria oil sales

Tehran (KNA) - The US government says it has sanctioned Iranian and Russian companies for shipping oil to Syria which is fighting terrorist groups, mostly backed by the West and its allies in the Middle East.

11/21/2018 6:41:00 PM

Iran opens trading house in Bishkek

Tehran (KNA) - Iran has opened a trading house in Kyrgyzstan’s capital city of Bishkek in a bid to ramp up economic interactions with the Central Asian country.

11/15/2018 11:10:00 AM

Beijing lauds Iran’s efforts to preserve JCPOA

Tehran (KNA): Chinese foreign ministry has praised Iran’s efforts to preserve the 2015 nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), as a recent report by IAEA reaffirmed the Islamic Republic’s adherence to its commitments under the pact.

11/15/2018 2:26:00 AM

Japan's JXTG to restart oil imports from Iran

Tehran (KNA) - Japan leading crude oil wholesaler JXTG Holdings Incorporation says it is preparing to resume imports from Iran after the US issued a waiver for Tokyo to continue its purchases of oil from the Islamic Republic.

11/8/2018 1:04:00 PM