Oil

US, European allies ‘discuss banning Russia oil imports’

Mar 07, 2022 05:19

The US says the country and its European allies are discussing banning Russian oil imports as a means of stepping up their punitive measures against Moscow over its ongoing military operation in Ukraine.
Iran’s Bank Tejarat wins contract for major fuel pipeline

Mar 07, 2022 02:14

Iran’s Bank Tejarat has committed to providing finances required for a major fuel pipeline project in the country’s south as part of a contract signed with the Iranian Oil Ministry.
Rising demand may cause Iran to resume gasoline imports: Report

Mar 06, 2022 03:02

Demand for gasoline in Iran is expected to reach record levels as a report warns that the country may be forced to resume imports more than a decade after it reached self-sufficiency in production of the fuel, shows a report.
Iran to reach maximum oil output 1-2 months after Vienna talks: Owji

Mar 04, 2022 06:16

Iranian Oil Minister Javad Owji says the country will return to its maximum oil output within one to two months from the conclusion of ongoing international talks that are meant to revive a 2015 nuclear deal known as the JCPOA.
Data confirms Iran’s oil export at above 1 mln bpd this year

Mar 02, 2022 02:22

Iran’s crude oil exports rose to above 1 million barrels per day (bpd) at the start of this year and continued to remain above that level over January and February, shows a new report citing data by tanker tracker services.
Nigerian minister upbeat Iranian supplies will boost markets

Feb 23, 2022 03:42

Nigerian’s Oil Minister Timipre Sylva says there is no need for a further increase in crude production by the OPEC+ alliance of oil exporting countries as he is upbeat that an international deal on Iran’s nuclear program can be revived soon allowing more supplies from the country into the global oil markets.
Iran, S. Korea discuss resumption of oil trade

Feb 18, 2022 03:08

An Iranian delegation comprising oil industry and banking experts held meetings with South Korean authorities and companies in a visit to Seoul to weigh plans for the restart of sale of oil and gas condensates to the East Asian country, Iran’s Foreign Ministry spokesman said.
Japan’s top refiner mulls resuming oil imports from Iran

Feb 18, 2022 02:24

The top crude oil refiner in Japan has declared it has plans to resume oil imports from Iran amid growing interest among Asian peers to follow the suit.
Iraqi federal court orders Kurdish government to ship all oil to Baghdad

Feb 16, 2022 09:15

Iraq’s federal court has ordered the Iraqi Kurdistan government to deliver all of the oil it produces to Baghdad, dismissing an oil and gas law regulating the oil industry in the autonomous region as unconstitutional.
Figures by OPEC sources confirm Iran oil output rose in 2021: Report

Feb 16, 2022 02:43

Figures by the Organization of Petroleum Exporting Countries (OPEC) have confirmed a rising trend in Iranian oil output last year despite sanctions imposed on the country by the United States, shows a report by IRNA.