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BP halts work on gas field over US sanctions on Iran
May 23, 2018 08:46British oil company BP says it has halted work on a gas field which it co-owns with National Iranian Oil Company (NIOC) in the North Sea, citing US plans to reimpose sanctions on the Islamic Republic.
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EU plans to ditch dollar for Iran oil payments: Report
May 16, 2018 09:10The European Union plans to switch to the euro for oil purchases from Iran, eliminating the US dollar as the two sides work to protect bilateral trade against possible American sanctions, a Russian report says.
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Iran sanctions raise interest in oil trade in China’s yuan
May 15, 2018 08:34A US decision to withdraw from a nuclear deal with Iran has added fresh momentum to efforts to start trading oil in yuan following China’s launch of crude oil futures.
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Iran says oil exports undisrupted as sanctions loom
May 14, 2018 09:30A top Iranian oil official says all of the country’s oil cargoes have designated customers worldwide, stressing that the potential US sanctions have not thus far undermined the flow of oil supplies to international markets.
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Italy’s ENI says Trump’s JCPOA exit to destabilize oil markets
May 13, 2018 07:35Italy’s energy giant ENI says it expects the re-imposition of sanctions against Iran to create disruptions in oil markets as a result of which investors would eventually suffer.
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Iran oil exports to Asia surge ahead of possible US sanctions
May 08, 2018 12:22Refinery maintenance coupled with a release of floating storage volumes pushed Iran's crude and condensate exports in April to multi-year highs, although output remained stable.
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Iran rejects drop in India oil imports, predicts rise
Apr 25, 2018 08:40Iran’s Ministry of Petroleum has rejected reports of a decline in oil exports to India, saying the South Asian country’s imports in fact hit an unprecedented record of 700,000 barrels per day (bpd) in April.
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Iran’s LPG exports jump amid US-China trade spat
Apr 24, 2018 11:29LPG shipments scheduled to be lifted from Iran in April rose further to around 500,000 mt, almost matching January shipments of 520,000 mt which was the highest volume since Western sanctions against the Middle Eastern producer were removed in January 2016, shipping sources said.
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Iran's refinery tightens Asia's condensate market
Mar 27, 2018 14:11The National Iranian Oil Co. has cut South Pars condensate term allocations for the second quarter by 25% from Q1 to around 350,000 b/d, a NIOC official says.
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Iran sees oil production steady amid Trump threats
Mar 17, 2018 10:10Iran will not raise oil production in the new Persian year which begins on Wednesday, Managing Director of the National Iranian Oil Company (NIOC) says.