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Iranian tankers now free to dock at any port
May 13, 2016 13:53A top Iranian oil official said on Friday that sanctions on Iranian shipping lines have been completely removed, adding that Iranian tankers presently have no problem to travel to ports around the world.
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IEA says Iran’s oil output rose faster than expected
May 12, 2016 15:31The International Energy Agency (IEA) announced on Thursday that Iran’s oil production has risen faster than expected, reaching levels not seen since before the Western sanctions against the country were tightened in 2011.
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Iran again rejects joining oil freeze plan
May 09, 2016 12:13Oil Minister Bijan Zangeneh says the country is still determined to increase its oil production to as high as four million barrels per day (bpd), stressing that Tehran will only negotiate over joining the oil freeze plan when that target has been achieved.
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Iran oil exports hit 2.4 million bpd
May 07, 2016 12:05Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.
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Iran says ready to join oil freeze plan
May 06, 2016 14:46Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.
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No plans for Iran over new oil output rise
May 06, 2016 14:43Iran on Friday indicated that it has no immediate plans to launch a fresh rise in its oil exports from the current level of around 2.2 million barrels per day.
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South Korea’s Iranian crude imports have four-folded
May 01, 2016 08:00Iran’s Oil Minister Bijan Namdar Zanganeh says the country has more than quadrupled its oil exports to South Korea following the removal of sanctions five months ago.
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Oil-dependent Mideast economies to face more losses: IMF
Apr 25, 2016 10:27The IMF says oil producers in the Middle East lost USD 390 billion in revenue last year, warning they should brace for losses of more than USD 500 billion this year.
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India seeks long-term Iran oil deals
Apr 23, 2016 13:20India’s biggest oil refiner says it is looking to ramp up oil imports from Iran after resuming purchases from the country only last month.
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Minister: Iran backs oil freeze plan
Apr 17, 2016 08:44Iran’s oil minister said Tehran supports the oil freeze plan, but reiterated that the country will not give up on regaining its historical right and share in the global oil markets.