Insider news & Analysis in Iran

By INU Staff 

INU - Earlier this week, it was reported that India’s ONGC Videsh Ltd. had committed to investing the equivalent of three billion US dollars into Iran’s Farzad-B gas field, which has been given particular priority by the Iranian government and affiliated companies in the wake of the nuclear deal that released the country from numerous economic sanctions. According to Rigzone, the three billion dollar investment is just part of a broader set of commitments that Indian firms and officials are pursuing, which could total to as much as 20 billion dollars in the immediate future.

 

At the Senate Foreign Relations Committee hearing on Iran las Monday, there was rare and welcomed unanimity, especially given the recent political environment. 

Rostam Ghassemi, Iran’s former oil minister, shed light on the dire economic situation and the skyrocketing number of poor people.

 

Iran's Oil Minister Bijan Zanganeh told reporters on Tuesday that a global oil cuts deal is likely to be extended, but that time is needed to discuss the subject thoroughly first.

 

By INU Staff 
INU - On Friday, the administration of US President Donald Trump announced its intention to put into effect new economic sanctions against businesses and individuals that have helped the Islamic Republic of Iran in the further development of its ballistic missile program. That program is frequently cited as justification for the belief that Tehran has long-term plans for the development of a nuclear weapon, since every other country that has acquired a ballistic missile stockpile has also armed some of them with nuclear warheads.

 

By INU Staff 
INU - Although Iranian Supreme Leader Ali Khamenei has publicly questioned the economic value of the 2015 nuclear agreement between Iran and six world powers, the Iranian regime as a whole has nonetheless been keen to boast about the post-agreement recovery of the country’s oil economy. That trend continued this week when the National Iranian Oil Company declared that it had begun production at the South Pars oil field and that the first consignment was expected to be prepared for delivery to foreign markets within a month.

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