Finance

The Iranian oil minister has announced that Iraq has paid $1.6 billion of its gas debt to the Islamic Republic.

South Korean Foreign Minister Park Jin says that Seoul will discuss the issue of Iran’s funds frozen in Korean Banks with the United States.

The head of the Iran-Iraq Joint Chamber of Commerce says Baghdad will, in the coming days, resume the process of settling the debts owed to Tehran for its energy purchases, as part of an agreement newly reached between the two neighbors.

The Central Bank of Iran (CBI) has announced fresh details on the unfreezing of the country’s assets, blocked due to the US sanctions.

Iran’s Foreign Minister Hossein Amir Abdollahian says a primary agreement has been reached to release Iran’s assets that have been frozen in a foreign bank due to the US sanctions.

Iranian Foreign Ministry Spokesman Saeed Khatibzadeh has confirmed reports that $7 billion in Iranian assets, frozen in foreign banks due to the US sanctions, are going to be released.

A regional official, identified in a Tasnim News Agency report as “possibly Oman’s foreign minister”, will travel to Tehran on Tuesday to finalize the mechanism for the release of seven billion dollars in frozen Iranian assets.

Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.

Reports say Iran has managed to get a substantial amount of his frozen assets unlocked in a foreign country due to the US sanctoins.

A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.

Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.

Iran’s Ambassador to Russia Kazem Jalali says Tehran and Moscow are discussing the possibility of recognizing cards using Russian MIR payment system.

Iran’s first vice president has called for Iranian and Iraqi central banks to further their cooperation to facilitate financial transactions between the two countries.

The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.

A South Korean media report says the country plans to resume oil imports from Iran after a three-year pause.

Tehran and Seoul have held working-level consultations to discuss ways to resolve years-long disputes over Iran's funds frozen in South Korea under the U.S. sanctions, South Korea’s foreign ministry announced Wednesday.

A study finds that Tehran was the “most unsafe” province in Iran for investment in the past spring, whereas West Azarbaijan Province in the northeast has been classified as the best spot for that purpose.

An official with Iran's Thermal Power Plant Holding says the Russian government has allocated five billion euros in loans and credit lines for the implementation of a number of joint projects with the Islamic Republic.

South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle years-long disputes over Tehran's assets frozen under US sanctions, an informed source says.

Japan’s Ambassador to Tehran Ikawa Kazutoshi has said Tokyo is ready to expand cooperation with Iran .

Abdulali Ali-Asgari, former head of the IRIB, has been appointed as new director general of Iran's Persian Gulf Petrochemical Industries Corporation.

Iran’s police say they have identified the location of the former President of its Bank Melli, who is the main suspect in a major embezzlement scandal, but officials of the country, where he is a resident now, have openly turned down requests for his extradition.

Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money

Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.

The Iranian oil minister says the country’s natural gas swap with Turkmenistan, to help it export to the Azerbaijan Republic through Iran, will begin from the turn of the year.