-
US squeezes allies after cutting Iran’s oil to Europe
Feb 13, 2019 02:53The US is waging a new campaign to drive OPEC and non-OPEC oil producers out of Europe after cutting Iran and Venezuela out of the market with sanctions.
-
Iran finds ‘very light and sweet’ oil in Abadan for first time
Jan 23, 2019 10:28Iran has discovered a new oilfield containing unspecified reserves of “very light and sweet” crude in the southwestern Khuzestan province, Minister of Petroleum Bijan Zangeneh said on Wednesday.
-
Iran becomes self-sufficient in refined fuel production
Jan 11, 2019 03:01Iran has reached its goal of self-sufficiency in gasoline production. The Islamic Republic has inaugurated the third phase of the Persian Gulf Star Refinery in the southern port city of Bandar Abbas.
-
Turkey resumes importing Iranian crude oil under US sanctions waiver
Jan 09, 2019 02:36Turkey has resumed imports of crude oil from Iran under waivers granted by the United States to almost all Iranian oil clients after Washington re-imposed the “toughest” sanctions ever against Tehran, trading and shipping sources say.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.