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Spain’s Repsol braves US ire with first ‘Pars oil’ cargo
Jun 05, 2018 07:17Iran’s oil exports hit a new record in May which also saw the country sell its first cargo from West Karoun to Spain’s Repsol, the Oil Ministry’s Shana news outlet reported.
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Iran boosts oil exports in face of sanction threats
Jun 03, 2018 02:00Iran's oil exports hit 2.4 million barrels per day (mbpd) in May in what is seen as a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of returning US sanctions.
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Putin raps Trump over Iran oil sanctions move
May 26, 2018 06:58Russia’s President Vladimir Putin has criticized a controversial decision by US President Donald Trump to re-instate sanctions against Iran, warning that such a move would only harm the global economy.
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Russia warns oil to hit new highs, blames Trump
May 26, 2018 03:29Russia is warning that the decision by US President Donald Trump to pull America out of a nuclear agreement with Iran and re-instate sanctions against the country could push oil prices to new highs.
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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.