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Iran, Azerbaijan stress bolstering trade ties in business forum

“Previous to the business forum, the 13th Iran-Azerbaijan Joint Economic Committee meeting was also held in Baku on Wednesday” reports tehrantimes.com. He called for the establishment of a preferential trade agreement between the two countries aimed at increasing the volume of trade exchanges.TEHRAN – Attended by senior officials, entrepreneurs and businessmen from both sides, an Iran-Azerbaijan business and investment forum was held in Baku on Thursday.Azerbaijan hasn’t had such a boost in trade with any other country.” The official said. Source: tehrantimes.com

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News Oil 

India in talks with U.S. over sanctions waiver

“U.S. has imposed sanctions on countries importing oil from Iran, while granting waivers to some countries, including India, until May” reports tehrantimes.com. India, a key ally of Iran, also refused to recognize the sanctions and continued importing oil from Iran, before the waiver was given.India is one of the biggest customers of Iranian oil. “With respect to Iran, the government of India is talking to the United States [so that] the exemption continues until May. Source: tehrantimes.com

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Dialysis patients rise annually by 4,000 in Iran: official

“World Kidney Day 2019: Kidney health for everyone everywhere The World Kidney Day (WKD), a joint initiative of the International Society of Nephrology (ISN) and the International Federation of Kidney Foundations (IFKF), is celebrated annually on March 14” reports tehrantimes.com. The theme of 2019 for World Kidney Day is ‘kidney health for everyone everywhere’.This year, World Kidney Day sets out to raise awareness of the high and increasing burden of kidney diseases worldwide and the need for strategies for kidney diseases prevention and management.Kidney Health for Everyone Everywhere calls for…

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Markets News Oil 

U.S. says global oil surplus aiding its plan to cut Iranian exports

“The United States surprised global oil markets in November last year by allowing eight countries to keep importing Iranian oil” writes Midwest Communications Inc for 95kqds.com. HOUSTON (Reuters) – A global oil surplus is allowing the United States to accelerate its plan of bringing Iranian crude exports to zero, a U.S. State Department official said on Wednesday.The global oil market is looking for signs that Washington may extend sanctions waivers for Iran’s key customers in early May.”When you have a better supplied oil market it enables us to accelerate our…

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News Oil 

Oil firms as Saudis trim exports and US output forecast is reduced

“U.S. crude oil production is expected to average about 12.30 million bpd in 2019, the U.S. Energy Information Administration (EIA) said on Tuesday” writes unknown author for cnbc.com. Markets have been further tightened by the implementation of U.S. sanctions against oil exports from OPEC-members Iran and Venezuela.International Brent crude oil futures were at $66.85 a barrel at 0341 GMT, up 18 cents, or 0.3 percent, from their last close.”Failures in the electrical system … (are) likely to accelerate the loss of 700,000 barrels per day” in oil supply, Barclays bank…

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Iran hunts for more ships to keep its oil flowing

“A senior Iranian official played down the threat to its oil exports because of pressure on its fleet” writes Midwest Communications Inc for 95kqds.com. LONDON/DUBAI (Reuters) – Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said.If Iran runs into difficulties exporting its oil it could have a significant impact.Besides the importance of oil for its budget, Iran is estimated to produce about 2.8 million barrels a day,…

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Iran, Iraq take new steps to expand trade ties

“As reported by Shata, during these meetings the two sides reached 22 agreements in various areas of trade and industry cooperation” reports tehrantimes.com. During the event, the two sides called for further expansion of the trade ties between the two countries and President Rouhani and Adil Abdul-Mahdi delivered speeches addressing various trade related issues.In the meeting, the two sides also discussed ways of facilitating banking cooperation, launching Iranian bank branches in Iraq and using local currencies instead of dollar in trade exchanges. Source: tehrantimes.com

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Some 350,000 iPhones turned off in Iran in past five days: minister

“However, after that, 350,000 iPhones are turned off, which indicate the development of Iranian apps and shows that Apple loses the Iranian market” reports tehrantimes.com. Apple removed Snapp, a ride-hailing app similar to Uber that is popular in Iran, from its app stores in August 2017.In his essay, which appeared on February 1, 2019, on medium.com, he provides a list of Iranian banks, which use the iOS developer enterprise certificate program in Iran. Source: tehrantimes.com

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News Oil 

Exclusive: Pompeo to meet oil executives, push U.S. crude exports, Iran policy – sources

“The effort has won success in convincing nations including China, Poland, Japan and South Korea to purchases more U.S. oil and natural gas” writes Midwest Communications Inc for 95kqds.com. It has expanded sales of fuels, crude oil and liquefied natural gas (LNG) to Asian customers, including China in a bid to dominate worldwide energy trade after a four-decade ban on crude exports was ended by President Obama in 2016.Dubbed ‘Asia Edge’ by the administration, it aims to grow Asian energy security by further expanding U.S. oil and gas exports to…

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