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[01 April 2013] India will continue to import crude oil from Iran - English

India is to settle its 1.53 billion dollars dues with Iran in Rupees. From now on, all the trade will only be done in Indian currency. Until February, 45 percent of the Indian oil import payments were made in Euros, with the money going through Turkish Halkbank. Since then Indian crude oil importers have held on to their payments.

India is to settle its 1.53 billion dollars dues with Iran in Rupees. From now on, all the trade will only be done in Indian currency. Until February, 45 percent of the Indian oil import payments were made in Euros, with the money going through Turkish Halkbank. Since then Indian crude oil importers have held on to their payments. A Russian route to make payments in Ruble was explored however it did not work out. Finally the Rupee transactions are left as the only alternative.UCO Bank is the only Indian designated institute under the rupee-payment mechanism with Iran. It is backed by its tie-ups with five Iranian banks which worked on carrying out the process of settlements of dues in April last year. Sanjay Sethi, Press TV, New Delhi

[5 Sept 2013] Crude oil prices rise amid growing concerns over a possible US military strike against Syria - English

[06 Apr 2014] Iran energy exchange sells crude oil to domestic producers - English

[12 June 2014] Crude price jumps to near $106 bpd on Iraq violence - English

[20 June 2014] India importing more crude oil from Iran - English

Brent crude has slumped by more than two percent after Iran and the five permanent member of the UN Security Council plus Germany reached a deal on Sunday. Brent North Sea crude for January delivery slid as much as two and a half dollars, trading one hundred eight dollars fifty four cents a barrel. West Texas Intermediate also saw an almost one percent fall, to ninety-three dollars sixty four cents. Brent, which is the benchmark for half the world\'s crude, was almost on the rise in the past two weeks.

Islamic Republic of Iran has officially begun producing crude oil from the hengam oil field shared with oman in the persian gulf. Discovered in 1975 the field has around 600,000,000 barrels of proven oil reserves. Press tv reports that all aspects of the [$400 million] project, including field studies, design, construction and installment of machinery and pipelines have been carried out by Iranian contractors without any foreign aid. http://www.presstv.ir/detail/139991.html

[06 Aug 2012] India begins Rupee payment for Iran oil - English India has started to pay for Iranian crude oil in its own currency. For the first time last week India's Hindustan Petroleum paid 2.75 billion Rupees through this system. The money went into Iran's newly opened account in India's UCO bank. The amount equaling $ 50 million was the partial payment for its oil imports in the month of May.

Tribesmen have blown up a major oil pipeline in southern Yemen. Officials say the flow of crude has been halted due to the explosion in Ash-Shihr town of Hadramawt province. This is the second such attack in the past three days. On Thursday, the country\\\'s main oil pipeline was bombed in the central province of Ma\\\'arib. Over the past two years, oil and gas pipelines in Yemen have come under repeated attacks, causing fuel shortages and slashing export earnings in the impoverished country. Yemen depends on oil exports for some 70 percent of government spending.

[6th September 2016] Iran backs any measure to stabilize crude market | Press TV English

President Hassan Rouhani says Iran has discovered a new oil field containing 53 billion barrels of crude in southwestern Khuzestan Province. Watch Live: http://www.presstv.com/live.html Twitter: http://twitter.com/PressTV LiveLeak: http://www.liveleak.com/c/PressTV Facebook: http://www.facebook.com/PRESSTV Instagram: http://instagram.com/presstvchannel #PressTV #Iran #News

[13 June 2012] US exempts India from Iran oil sanctions‎ - English

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[25 Feb 2012] Oil Crisis - News Analysis - Presstv - English

[29 June 2012] Iran may halt goods imports from S Korea - English

[18 July 2012] Al Saud fails to implement reforms - English Despite being world's biggest crude exporter, sixty percent of the people in Saudi Arabia live below the country's poverty line, a Saudi newspaper reported. In an article published by the Okaz daily, Saudi journalist, Khaled al-Harbi wrote that while Saudi Arabia earns 1,500 billion riyals (around 400 billion dollars) a year, the average salary of an ordinary Saudi citizen should not be 1,500 riyals (around 400 dollars). According to official figures released by Consultative Assembly of Saudi Arabia (Shura), about 22 percent of Saudi citizens - at least 3 million citizens - live below the poverty line. Press TV has conducted an interview with Zayd al-Isa, a Middle East expert in London, to further discuss the issue.

[18 July 2012] Should Africans support Iran in the face of western economic imperialism - English Kenya, Tanzania, Sierra Leone and a host of African nations have been threatened with sanctions if the import oil from Iran. Some of them rely on Iranian oil because of the flexibility in payment. In Tanzania, Iranian embassy and a shipping agent in Dubai had to assure the country that no Iranian ships have been re-flagged to dodge sanctions to import oil to the East African nation. Kenya has cancelled plans to import crude oil from Iran following threats of sanctions, an official at the Kenyan energy ministry has said. The outline deal signed last month was to import about 4 Million tonnes of oil from the Iranian National Oil Company. But the US embassy in Nairobi had warned it was important to cut revenue to the Iranian government.

[09 Dec 2012] Iraqi checkpoints blocking imports into KRG - English

Iran\'s reformist presidential candidate Mohammad-Reza Aref has stressed the need for facilitating both domestic and foreign investment in the country, vowing to slash unemployment. In his televised speech on Wednesday night, Aref said, if elected, his administration would give assurances to Iranian investors and redirect people\'s money away from brokers and gold and foreign currency exchange markets to the country\'s industries. He also pledged measures to encourage foreign investment. \"Unfortunately the rate of foreign investment growth in Iran is below the international average and we are having an unfavorable situation,\" he said. Aref criticized the \"unacceptable\" rate of unemployment, especially among the country\'s university graduates, and promised to create over one million jobs annually. He said he would try to achieve the figure by boosting tourism, which he said would provide an annual 200,000 job opportunities, besides expanding the information and communications technology industry as well as the country\'s lucrative energy sector. \"We are planning to keep the added-value of energy products at home. We should try not to sell crude oil or natural gas,\" he stated. Aref also highlighted Iran\'s unique geopolitical situation and thus the opportunity for the country to become a regional hub in various fields, such as commerce, communications and goods transit. This will improve the country\'s economy and help the country\'s national security, the presidential candidate pointed out. Aref is vying against Tehran Mayor Mohammad Baqer Qalibaf, Secretary of Expediency Council Mohsen Rezaei, President of the Center for Strategic Research of the Expediency Council Hassan Rohani, lawmaker Gholam-Ali Haddad-Adel, Secretary of the Supreme National Security Council Saeed Jalili, former Foreign Minister Ali Akbar Velayati, and former Telecommunications Minister Mohammad Gharazi. The president of Iran is elected for a four-year term in a national election and this year\'s election is scheduled for June 14.

Iranian presidential candidate, Mohsen Rezaei, says if elected, he would minimize the role of the government in running economic activities and create a multicultural economy independent of oil money. He criticized the countries oil-dependent economy as the root of all problems faced by different administrations in the past decade. The secretary of Iran\'s Expediency Council also stated that his economic \"revolution\" would consist of such components as facilitating tourism, expanding trade, stepping up production in various fields, and exporting non-oil products. Rezaei said he plans to widely install \"mobile refineries\" in different provinces, especially in border areas, and sell their products to make up for nearly one million barrels of crude oil which Iran has not been able to sell due to Western sanctions

The Indian economy is facing further trouble. There is a financial crunch in the global markets. This will dry up the foreign investments in the country. Rising interest rates in United States has triggered the crisis. Investors are selling-off in the Asian stock markets. They have already withdrawn heavily from Thailand, Indonesia and Philippines. Indian rupee too has already depreciated by 8% in the last few weeks and that is going to push inflation. The country imports most of it crude oil requirement. Oil is its single biggest import commodity. The retail prices of petrol and Diesel has been increased. Gold is another major import component. Sanjay Sethi, Press TV, New Delhi

Thirteen years ago British Gas drilled the Gaza Marine-1 and Gaza Marine-2 wells, thirty kilometers off the coast of Gaza. The drilling led to the discovery of a massive natural gas field: with 1.4 trillion cubic feet of proven gas reserves. In 2011 Tel-Aviv authorized the U.S-based Noble Energy, a crude oil and gas exploration giant, to begin developing the field. But the Palestinian Center for Human Rights (PCHR) says the offshore field belongs to the Palestinians. Because of the Israeli blockade, Palestinians don\'t have enough cooking gas in the coastal enclave. They aren\'t allowed to develop or tap into their own gas fields either. Ashraf Shannon, Press TV, Gaza

Syrian opposition sources say over 300 people have been killed in eight days of government airstrikes in the city of Aleppo. Press TV cannon verify the authenticity of the following footage. The opposition accuses Damascus of using TNT-filled crude barrels to bomb insurgent strongholds in the city. It says the tactic fails to distinguish between civilians and militants. The Syrian government has not yet commented on the accusations put forward by the opposition. Meanwhile, the main foreign-backed opposition, the so-called Syrian National Coalition says it will NOT attend planned peace talks in Geneva if government planes continue bombing Aleppo. The city\\\'s been split between insurgents and government forces since a massive militant assault in mid-2012. The army has recently intensified its offensive there to oust the foreign-backed insurgents.

[25 Aug 2015] The Debate - China\'s ripple effect - English

[2nd September 2016] Iran Today - Criticism of new Iran oil contracts | Press TV English

Yemenis\\\' Saturday drone attack on aramco oil facilities in the heartland of the Saudi oil industry has pushed crude oil prices to their highest level in 6 months. In reaction, Donald trump said the US is “locked and loaded” and ready to respond to the attack that his secretary of state has blamed Iran for. Yemeni forces have threatened with more attacks on Saudi oil facilities. Iran has rejected the US allegation as totally unfounded. Tehran argues the attack on aramco was a natural response by the Yemenis to the crimes committed in their country by the Saudi-led coalition. This is not the first time Washington has blamed Tehran for such incidents in the region. What’s the trump administration attempting to do by this blame game? Watch Live: http://www.presstv.com/live.html Twitter: http://twitter.com/PressTV LiveLeak: http://www.liveleak.com/c/PressTV Facebook: http://www.facebook.com/PRESSTV Instagram: http://instagram.com/presstvchannel #PressTV #Iran #News