“Sanctions are gone but there is a long way between sanctions and development,” he said, speaking to an economics conference in Tehran. In his first comments since the deal took effect, ***’s highest authority made clear that Washington should still be treated with suspicion.*** hopes that steps to ease its isolation, including the re-admission of its banks to the SWIFT system of international transactions, will inject new vigour into the economy.“I reiterate the need to be vigilant about the deceit and treachery of arrogant countries, especially the United States, in this (nuclear) issue and other issues,” Mr Khamenei said..The unblocking of funds, which had been held in foreign banks, comes after the UN atomic watchdog confirmed at the weekend that *** had complied with measures in the July atomic accord.State television reported that Mr Khamenei wrote to President Hassan Rouhani to congratulate him on implementing the nuclear deal, which resulted in United States, European Union and United Nations sanctions being lifted over the weekend.

But opening up to the world cannot completely fix the economy, President Hassan Rouhani said on Tuesday in a televised speech, warning that the “difficult road has just begun”.***ian President Hassan Rouhani (above) after delivering a speech during a conference entitled “Implementation of Joint Comprehensive Plan of Action — A New Chapter in ***’s Economy” in Tehran on Monday. “Be careful that the other side fully meets its commitments. *** needs annual foreign investment of - billion to reach an eight per blown film extruder factory cent gro-wth target and cash in on sanctions relief, the President said. *** announced a major boost of 5,00,000 barrels per day in oil production on Monday — a move Tehran had long planned for once its nuclear deal took effect.Republican candidates for the US presidency have criticised the deal, and some ***ian officials fear Washington could walk away from the deal when President Barack Obama leaves office in early 2017.***’s economy suffered greatly under the international sanctions that since 2006 targeted the Islamic republic’s nuclear programme an-d financial systems.25 million barrels per day. (Photo: AFP)*** will receive billion of unfrozen assets after sanctions were lifted under its nuclear deal, the central bank said on Tuesday, in a boost to an economy sapped by years of isolation.

Under the previous government of Mahm-oud Ahmadinejad, infl-ation topped 40 per cent. He made no mention of a surprise prisoner exchange that also took place this weekend.The assets will be kept “in centralised and safe accounts” abroad, central bank chief Valiollah Seif was qu-oted by state television as saying, adding that the money could be used to pay for imports. But Mr Rouhani, whose election in 2013 heralded more than tw-o years of nuclear negotiations with world powers, managed to curb inflation to 13 per cent. “Today, our main problem is unemployment and recession, the lack of a booming economy and many structural and economic deficiencies,” he added.Mr Seif said that billion would go to the central bank and billion “will be transferred to the state treasury as the share of the government”. Khamenei welcomes sanctions lift, warns of US ‘deceit’ in deal***’s Supreme Leader Ayatollah Ali Khamenei on Monday welcomed the lifting of international sanctions against ***, but warned that Tehran should remain wary of its old enemy the United States. The comments made by some American politicians in last two, three days are suspicious,” he added. The next budget starting in March is based on a projected oil price of per barrel price and exports of 2.“Today is just the sta-rt for an innocent hum-an who was kept chai-ned unjustly by the hands and feet for 12 years,” he said

We (India and the UAE) are stuck on commercial terms," said one of the sources.India, seeking to hedge against energy security risks as it imports about 80 per cent of its oil needs, is building emergency storage in vast underground caverns to hold a total of 36.ADNOC, India's oil ministry, BPCL and MRPL did not immediately respond to requests for comment.To take advantage of falling oil prices pending the conclusion of a deal with the UAE, India's oil ministry instructed BPCL and MRPL to select a grade to fill half the Mangalore facility, the sources said."The two refiners decided to buy ***ian Mix as it suits their refineries," said one of the sources. They did not give pricing details.India in 2014 began talks to lease part of its strategic storage to Abu Dhabi National Oil Co (ADNOC).The Indian side last week discussed ***ian oil purchases with Safar Ali Keramati, Deputy Director at National ***ian Oil Company (NIOC) for Crude Marketing and Operations.

87 million barrels of crude, enough to cover almost two weeks of demand."If (Indian customers) come to us for extra barrels, then we will do our best to accommodate their demand," Keramati told Reuters.India, seeking to hedge against energy security risks as it imports about 80 per cent of its oil needs.3 crude importer would boost ***'s drive to ramp up its oil shipments as it looks to regain market share following the lifting of sanctions over its disputed nuclear programme. They declined to be identified as they were not authorised to speak with media.State firm Bharat Petroleum Corp will buy 4 million barrels in two very large crude carriers (VLCCs) and Mangalore Refineries and Petrochemicals Ltd will import 2 million barrels, the three sources said.75 million-barrel Vizag storage facility in east India is being filled with Iraqi Basra oil.The 9.The step comes as ***'s daily crude exports to India surged to the highest level in 15 years in August."Talks have not moved forward with ADNOC despite several rounds of discussion.Such purchases by the world's No.

They chose ***ian Mix. New Delhi: India is set to buy 6 million barrels of ***ian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms, industry sources said.Three industry sources with direct knowledge of the matter said India would buy 6 million barrels of ***ian Mix crude from the National ***ian Oil Co in October and November to fill half the Managlore storage facility in the southwestern state of Karnataka.The start of operations at a third facility, at Padur in Karnataka, has been pushed back due to problems in acquiring land to lay a pipeline link to the local gearbox for screw extruder manufacturers port.Oil markets have been keenly focused on ***ian export volumes over the last few weeks as they get closer to pre-sanction levels - a milestone that Tehran has said is a precondition for discussing a global output freeze to boost crude prices. Under such a deal, India would have first rights to the stored crude in case of emergency, while ADNOC would be able to move cargoes to meet any shift in demand