Tags: Iran
EU lifts ban on tankers transporting Iranian crude
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
Reuters: Iran's Setad controls properties worth more than Iran's oil exports
The Setad, an entity created by the first Ayatollah, now had expanded its business interests to real estate and nearly twelve other Iranian companies both locally and worldwide.
Pakistan seeks financing from Iran for gas pipeline
After fearing US sanctions, Pakistan decided to ask Iran's government to finance a USD8.1 billion gas pipeline project.
NY DFS to Foreign Reinsurers: Are You Linked to Iran?
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
