Oil

Defying US sanctions, Iran completes 2nd fuel delivery mission to Venezuela

Oct 04, 2020 03:33

The third and final vessel from a fuel-laden Iranian flotilla has entered Venezuela’s waters, completing a second such mission in less than a year in defiance of American sanctions targeting both nations.
Iran gasoline exports at over $1bn in 5 months to late August: Report

Oct 04, 2020 03:09

A new report shows Iran has exported a considerable amount of gasoline in the five months to August 21 as the country becomes a net exporter of the fuel some 15 years after was importing over 27 million liters per day.
Venezuela announces new fuel plan as 2nd Iranian tanker arrives

Oct 01, 2020 11:13

Venezuelan President Nicolas Maduro has announced plans for the improvement of gasoline output and distribution in the country, as the second of three Iranian tankers carrying fuel entered the South American country’s waters, ignoring unilateral United States sanctions on Venezuela.
Despite sanctions, Iran’s oil exports jumped in September: Tracking firm

Sep 25, 2020 14:03

Iran’s exports of crude oil and condensate jumped in September amid unilateral sanctions imposed by the United States. That is according to three assessments based on tanker tracking.
New platform installed in Persian Gulf oilfield

Sep 24, 2020 02:56

Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters as the country keeps expanding crude production.
Iran oil major NIOC tops global ranking on exploration activity in 2019

Sep 20, 2020 01:18

The National Iranian Oil Company (NIOC) was by far the best company in the world in terms of oil and gas exploration activity in 2019, says its Exploration Chief Saleh Hendi.
OPEC+ may hold extraordinary October meeting if oil market worsens: Source

Sep 18, 2020 01:22

OPEC+ could hold an extraordinary meeting in October if oil markets weaken further, Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday, according to an OPEC+ source.
Iran’s oil storage capacity improved with terminal launched in Persian Gulf

Sep 10, 2020 11:42

President Hassan Rouhani has ordered the opening of new oil export terminal with relatively large storage and bunkering facilities near the mouth of the Persian Gulf.
Iran to launch first phase of Jask oil terminal by March: Contractor

Sep 01, 2020 10:06

Iran would launch a first phase of its key oil terminal in Jask region on the Sea of Oman by March 2021, says a project contractor, as the country presses ahead with plans to allow crude exports outside the Strain of Hormuz in the Persian Gulf.
Indian refiners stop buying crude oil from Chinese companies

Aug 28, 2020 08:24

India has stopped purchasing crude oil from China-linked companies, as part of New Delhi’s recent move to restrict imports from neighboring countries in the wake of an escalating border dispute.