Iran to Raise Oil Output Amid Curbs on Production
DUBAI, Aug 9 (Reuters) - Iran will produce an extra 250,000 barrels per day (bpd) of oil by the end of summer, the semi-official Tasnim news agency reported on Wednesday citing the head of the National...
Islamic Republic Ministries, Central Bank Implicated In $3.37 Billion Corruption Scandal
By Roshanak Astaraki
The Islamic Republic of Iran’s ministries, customs office and central bank are implicated in a $3.37 billion corruption scandal centered on tea imports and orchestrated between 2019 and 2022 by the Debsh...
Iran Restricts Supply of Cheap Oil to Syria, Doubles the Price for Crude -WSJ
Jan 15 (Reuters) - Iranian officials have told Syria they would now have to pay more for additional shipments of oil, which will double the price to a market rate of more than $70 a barrel,...
Iranian Government and Parliament Clash Over Budget Deficit
By Kayhan Life Staff
The Iranian government’s economic team and the Majlis (Iranian Parliament) have been engaged in a dispute that has escalated in recent days.
Majlis deputies reviewing the government’s budget bill have been concerned...
Sri Lanka Set to Start Tea-for-Oil Barter With Iran Next Month
By Uditha Jayasinghe
COLOMBO, June 23 (Reuters) - Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit...
OPEC Oil Output Rises in August as Iran Hits 2018 High – Survey
By Alex Lawler
LONDON, Aug 31 (Reuters) - OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members...
Iraq to Trade Crude Oil for Iranian Gas To Settle Power Debt -PM
July 11 (Reuters) - Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for U.S. approval, Iraqi Prime Minister Mohammed Shia Sudani said...
Iran Signs Economic Agreements With Zimbabwe as Raisi Ends Africa Tour
By Nyasha Chingono
HARARE, July 13 (Reuters) - Zimbabwe and Iran signed 12 memorandums of understanding on Thursday to strengthen bilateral ties, as Iranian President Ebrahim Raisi wrapped up his three-nation African tour.
Raisi, who visited Kenya and Uganda earlier in...
Jilin Jinguan Electric to Build Road Between Iran and Russia for New Energy Facilities
BEIJING, May 24 (Reuters) - Shenzhen-listed Jilin Jinguan Electric Co Ltd 300510.SZ signed a memorandum of understanding (MoU) to build a road between Iran and Russia for the constructions of new energy facilities, it said on Wednesday.
The company plans to...
Striking Iranian Workers Demand Back Pay, Insurance, Better Work Environment
By Kayhan Life Staff
Iranian manufacturing, production, and service industry workers are continuing to fight for better wages, back pay, health insurance, improved work environment, and other benefits.
Given the soaring cost of food, essential goods,...
