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Iran Business and Economic News in Second Week of the December Comp. Star Marine Services

Original Source: www.NewsNow.co.uk

EU plans to do all oil transactions with other states in euros: Iran

The European Union is going to ditch the US dollar and use its own currency in oil contracts worth 300 billion euros, an Iranian official said, quoting a European commissioner. Please visit the following link for more information:

https://www.presstv.com/Detail/2018/12/06/582162/EU-euro-dollar-SPV-Iran-oil

EAEU finalizes agreement on free trade zone with Iran

Moscow, Dec 7, IRNA – A temporary agreement previously reached on formation of a free trade zone with Iran has been concluded in a summit meeting of Eurasia Economic Union (EAEU) in St. Petersburg, Russia, according to Russian media. Please visit the following link for more information:

http://www.irna.ir/en/News/83125606

India to import Iranian oil using rupee payment mechanism

TEHRAN, Dec. 07 (MNA) – India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran. Please visit the following link for more information:

https://en.mehrnews.com/news/140276/India-to-import-Iranian-oil-using-rupee-payment-mechanism

Read more Newsletter 2ND week of DEC