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US marks first retreat on Iran by allowing Rhum gasfield to operate
Oct 09, 2018 08:38The US administration has beaten its first retreat on planned sanctions against Iran, allowing a gasfield partly owned by the Islamic Republic in the North Sea to keep operating.
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Iran vows full-throttle oil production despite US
Oct 03, 2018 13:53Oil prices remain at four-year highs on rising doubts about the capability of Saudi Arabia and other producers to substitute Iran’s crude after the US imposes new sanctions on the country on November 4.
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Iran: Oil deal negotiations with EU proceeding well
Oct 02, 2018 11:14A senior official says Iran’s negotiations with the EU to reach an agreement to sell Iranian oil to Europe are advancing ahead of a US date to impose sanctions on the Islamic Republic’s energy sector.
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Iran condemns instrumental use of OIC by very few
Oct 02, 2018 10:09Iranian Deputy Foreign Minister for Legal and International Affairs, Gholamhossein Dehqani, lashed out at some member states abusing the Organization of Islamic Cooperation (OIC) to achieve their own foreign policy objectives.
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Bin Salman returns from Kuwait empty-handed
Oct 02, 2018 09:39Saudi Arabia’s Crown Prince Mohammed bin Salman who had traveled to Kuwait to demand increase in oil exports upon Trump's order returned home without any achievement.
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Iran to seal oil deal with EU before US bans return
Sep 30, 2018 14:19Iran says it is working on an agreement to sell oil to Europe in face of returning US sanctions that ban purchases of oil from the country.
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Trump behind oil price rally: Oil Minister
Sep 26, 2018 10:05Iran’s Minister of Petroleum Bijan Zangeneh says President Donald Trump is behind the current oil price spike, dismissing the US president’s attack on OPEC in his controversial address to the UN on Tuesday.
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Iran says its missing barrels cannot be compensated
Sep 24, 2018 14:44Iran says no country can ever compensate for its missing oil supplies to markets in case the US materializes its threat to bring the Islamic Republic’s oil exports to zero with a top official saying that US President Donald Trump would sooner or later have a change of heart over his campaign to the same effect.
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US zero exports target impossible in tight market: Iran
Sep 15, 2018 01:19A senior Iranian oil official says the United States will fail to drive Iranian oil exports down to zero as the market is already tight and rival producers are not able to make up the shortfall.
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Iran’s oil revenues up 60% year-on-year
Sep 11, 2018 01:36The latest official figures show that Iran’s oil revenues over a period of four months starting March 21, 2018 saw a whopping rise compared to the same period last year.