EghtesadOnline: UniCredit SpA is nearing an agreement with US authorities over allegations that the bank provided dollar-clearing services to Iranian clients in violation of US sanctions, people with the knowledge of the matter said.
EghtesadOnline: Japan's Tokyo Gas said on Friday it has signed a heads of agreement with Royal Dutch Shell for 500,000 tons per year of liquefied natural gas, with the purchase based partly on a coal-linked pricing formula.
EghtesadOnline: Iran and Iraq signed an agreement Tuesday to establish a monetry channel for facilitating payments between the two countries. The agreement was signed by the governors of the Central Banks of Iran Abdolnaser Hemmati and Ali Al-Allaq, his Iraqi counterpart, in Baghdad.
EghtesadOnline: Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
EghtesadOnline: China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.
EghtesadOnline: Islamabad is willing to renew its electricity import deal with Tehran. Omar Ayub Khan, the water and power minister, made the statement on Tuesday in Islamabad in a meeting with Iran's ambassador, Mehdi Honardoust, IRNA reported.
EghtesadOnline: Iranian private sector production units are now allowed to swap their debts to state-run banks or state-based services companies with what they are owed by government medical centers, a top private sector representative announced.
EghtesadOnline: Managing Director of Iran’s Bou-Ali-Sina Petrochemical Company Mohammad-Reza Saheb-Nasaq said the facility plans to sign a 50 million euro MoU with two French companies in near future.