Turkey has been reducing natural gas imports from its traditional suppliers, Russia and Iran. Imports from Iran were zero in the second quarter of 2020.
China has again started officially reporting oil imports from Iran after it showed zero purchases in June while shipments were being received as Indonesian oil.
There is talk of a plan for Iran to sell "oil bonds" to citizens to collect much-needed foreign currency to finance the government's budget deficit amid U.S. sanctions.
A company tracking oil tankers around the world says Iran's real oil exports might be much higher than estimated due to secret loading on the high seas.
While China's customs data show no oil imports from Iran in June 2020, Radio Farda is told three tankers have reached China with Iranian oil.
Like its Latin American ally, Venezuela, Iran appears to be rebranding its crude oil destined for China in Malaysia to circumvent U.S. sanctions.
Turkey has stopped Iranian natural gas and crude oil imports in 2020. The country is now relying on LNG imports from the U.S.
The Organization of Petroleum Exporting Countries (OPEC) says Iran's daily oil output has dropped to below two million barrels per day (1,969,000) in April.
Official data published by Turkey and Iran's other Asian economic partners indicate that trade between Iran and these countries dropped significantly in the first quarter of 2020 with the balance going into negative for Iran.
The Iranian government is planning to offer its shares in three major Iranian banks and two insurance companies for sale at the Tehran Stock Market.
Tanker tracking sources say Iran’s oil exports to Syria have increased substantially in recent weeks and currently several cargoes have reached the Baniyas port in Syria.
Luay al-Khatteeb Iraqi Minister of Electricity says it will take three to four years for the country to stop importing energy from Iran.
Amid a steep fall in global oil prices, the Islamic Republic President Hassan Rouhani claimed on Wednesday that Iran's losses would be "much less" than other producers.
Qatar has started drilling new natural gas wells in its shared gas field with Iran in the Persian Gulf, while Tehran’s plans to expand production remain dormant.
The International Monetary Fund (IMF) expects the Islamic Republic's net debt to reach 33.8 percent of its gross domestic product (GDP) in 2020, up 22.5 percent compared with the previous year.
EU figures show trade with Iran dropped significantly in 2019, with Europe buying no oil and its exports just half of 2018.
Iran’s motor vehicle manufacturing sector produced 25 percent less units in 2019, compared with the previous year, figures from the International Organization of Motor Vehicle Manufacturers show.
Data received by Radio Farda show that since January Iran’s crude oil exports to China have dropped further to less than 220,000 barrels per day.
Iran’s trade with its main partners dropped dramatically in January 2020 compared with last year when U.S. sanctions on oil exports were only partial.
Figures provided to Radio Farda by Kepler oil tanker tracking and intelligence firm on March 2 show that Iran's crude oil exports in February dropped to 248,000 barrels per day.
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