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Iran set for ‘big leap’ in gasoline production this week
Jan 02, 2019 03:41Iran is to mark a milestone of 100 million liters per day in gasoline production this week when the third phase of its most important refining project comes online, making the country self-sufficient in the fuel.
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Official: Iran’s oil export revenue to be bartered with imported goods
Dec 01, 2018 09:56Iran has finalized a deal with South Korea to trade oil for goods as part of a larger strategy to bypass US sanctions re-imposed on the country following Washington's unilateral withdrawal from the 2105 Iranian nuclear deal.
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Disputes emerge as oil majors prepare to discuss prices
Nov 28, 2018 16:49As the world’s biggest oil producers are preparing to meet next week to discuss production and market prices, some early signs show differences could prevent them from sealing a new deal to reduce output and boost prices.
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More Intl. clients willing to buy Iran's oil: Lawmaker
Nov 16, 2018 02:11With a new change to its oil exports pattern, Iran has managed to sell about one million barrels of light oil to international clients over the past 20 days, said Head of Iranian Parliament’s Economic Commission Mohammad-Reza Pour-Ebrahimi.
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Iran sells 700,000 barrels in second oil auction through Energy Bourse
Nov 11, 2018 13:47Iran on Sunday went ahead with a second public sale of its light crude oil to international clients through its Energy Bourse in a policy meant to dodge US sanctions and sell the strategic fuel to direct buyers.
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Impact of US sanctions on Iran cushioned by high oil prices, EU-US rift: Reuters
Nov 09, 2018 05:01The impacts of fresh sanctions imposed by the US on Iran have been cushioned by high oil prices and Washington’s international isolation, a report says, quoting a European diplomat.
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Iran denies reports Russia is to help with sale of oil
Nov 01, 2018 02:12Iran’s oil minister denied reports that Russia would help Tehran to circumvent the upcoming US sanctions by reselling Iranian crude oil.
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Iran’s oil sales still strong ahead of sanctions
Oct 31, 2018 02:19Market figures show that Iran’s oil sales are still powerful only a few days before the US wages a second wave of sanctions that would target the country’s oil exports.
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Iran’s major oil buyers set to defy US sanctions
Oct 30, 2018 02:48As the administration of US President Donald Trump is preparing to impose sanctions against Iran’s oil exports within the next few days, indications are already appearing that certain countries are preparing to defy Washington’s pressures to halt purchases of Iranian oil.
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No replacement for Iran’s oil: Jahangiri
Oct 29, 2018 02:21Iranian First Vice-President Eshaq Jahangiri dismissed as lies the US administration’s claims that the Islamic Republic’s crude exports would be reduced to zero by November and that Saudi Arabia is able to replace the lost share of Iran in global oil markets.