Iran’s coverage: Iran opens $1.85 billion worth of petrochemical projects

Daily look at Iran’s late-breaking news and upcoming events:


President Rouhani opens 3 petchem projects

Iran has brought online 3.4 million metric tons per year (mt/y) of new methanol, urea and ammonia capacity at a cost of $1.85 billion, Ministry of Petroleum’s Shana news outlet reported on Tuesday.

Belgian official underlines EIB’s support for investment in Iran

Minister-President of Belgium’s Flanders Region Geert Bourgeois said the European Investment Bank (EIB) will support investment in Iran, and underlined Europe’s efforts to strengthen the so-called ‘blocking statute’ to decrease US sanctions’ negative impacts on Iran.


Iran dismisses media allegations of arms smuggling to Lebanon

The Iranian foreign ministry on Tuesday rejected a report released by Fox News alleging that the country has smuggled arms to the Hezbollah resistance group in Lebanon.


Iran-China trade faces growth in first half of 2018

Iran-China economic relations have faced 2.2% increase during the first half of 2018, China’s deputy ambassador to Tehran announced Tuesday.

Iran moving main oil export terminal out of Persian Gulf

Iran is to move its main oil export terminal from the Persian Gulf to the Oman Sea, President Hassan Rouhani announced on Tuesday, sparing its tankers from using the strategic Strait of Hormuz.


Iran says will try to remove militants from Syria’s Idlib with least human cost

Iran is making efforts to remove militants from Idlib in Syria with the least human cost, Foreign Minister Mohammad Javad Zarif said on Tuesday.


UNHCR chief lauds Iran’s leader support for Afghan refugees

UN High Commissioner for Refugees (UNHCR) chief on Monday lauded support granted by Iran’s Supreme Leader Ayatollah Seyyed Ali Khamenei for the Afghan refugees.


Petrochemicals at forefront of countering sanctions: Rouhani

Iranian President Hassan Rouhani said Tue. that the country’s oil, gas and petrochemicals are at the forefront of countering the enemies’ economic sanctions against Iran.


Turkey to trade in local currencies with Iran, China

Turkish President Recep Tayyip Erdogan says he has plans to ditch the dollar in trade with Iran and China and instead use local currencies.

Iran rial resumes drop as oil sales sink ahead of sanctions

Iran’s rial dropped sharply and foreign-exchange traders shut shop as concerns grew that authorities may be powerless to defend the currency as U.S. sanctions bite.