Iran Focus

Saturday, May 18th, 2013

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Turkish PM says no decision yet on further Iran oil import cuts

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Reuters: Turkish Prime Minister Tayyip Erdogan said on Friday Turkey had already significantly reduced its oil imports from Iran, which is under the choke of Western sanctions, and further cutbacks would depend on his country's energy needs.

Iran hopes OPEC lowers output: oil minister

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AFP: Iran is unhappy with the current oil prices, its oil minister said Monday, hinting at a proposal for the OPEC to lower its output to compensate for a drop in crude prices.

Iran for more trade with India in non-oil sectors

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New York Daily News: Iran is looking for more business with India in non-oil sectors to boost the bilateral trade, said its Consul General Hassan Noorian who sees great potential for cooperation in various non-oil fields like pharma, IT, electronics, automobile spare parts and food processing.

Sudan grants Iranian firm gold exploration licence-media

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Reuters: Sudan has granted an Iranian firm a licence to explore for gold in the African country, state-linked media said, a sign of strengthening business ties between Khartoum and Tehran.

Iran faces fresh trade heat as more shipping firms exit

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Reuters: Foreign container shipping lines are giving up on Iranian business ahead of new U.S. sanctions in July, dealing a further blow to Tehran's vital seaborne trade.

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