The news released for banning Iran fuel to Afghanistan denied
The news for banning Iran fuel material to Afghanistan has been denied by Iran Embassy in Kabul. According to the ILNA, quoting the website of Iran Embassy in Afghanistan, Iran Embassy in Kabul released an announcement denying any news related to banning the imports of fuel material from Iran to Afghanistan, and announced that these measures have been taken in line with the previous announcement of Iran Embassy in Kabul to tighten supervision of the authorities of both countries over the fuel.
Deal signed for Iran Bou Ali Sina sweetening unit project
The contract for the project to construct the sweetening unit of Iran Bou Ali Sina Petrochemical Complex has been signed with collaboration of Petrochemical Industries Development Management Co. (PIDMCO), reported the PR office of PIDMCO.
India Has Ended All Oil Imports From Iran, But For How Long?:Oil Price
India has officially ended all oil imports from Iran, India’s Ambassador Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi has managed to emerge victorious from India’s elections, according to the Daily Mail. Shringla was reluctant to say whether India agreed with the United States’ stance on the sanctions, but did say that the sanctions have hurt India, who relies on Iran in particular for a sizeable chunk of its crude oil. It now has had to find new sources of crude oil after the United States refused to extend the waiver India was enjoying up until May 2.
Iran Stores More Crude Oil As U.S. Sanctions Stifle Exports: Reuters
In recent weeks, Iran has been storing more oil onshore and at tankers at sea as it looks to continue producing oil, but its crude exports are severely restricted by the U.S. sanctions, Reuters reported on Thursday, citing industry sources and ship-tracking data. Iran’s oil exports so far in May have probably averaged just 500,000 bpd or lower, according to tanker data and industry sources, cited by Reuters last week.
Foreign Investment in Iran Industries Down 67%: Financial Tribune
Iran approved $914.45 million worth of foreign investments during the period from March 2018, to February 2019, which shows a 67.4% decline compared to the $2.8 billion a year ago. The foreign funds were invested in 65 plus industrial, mining, and trade projects during the period. Although there was an increase in the number of projects compared to the 62 ventures in the previous year, the value shows a steep decline.