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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.
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National Guard deployed to Kuwait oil facilities
Apr 14, 2016 01:28Kuwait has deployed National Guard troops to operate and protect several oil facilities as oil workers announce an open-ended strike, says a report.
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Iranian, Italian oil associations sign cooperation agreement
Apr 12, 2016 11:42Chairman of the Iranian Association of Oil Equipment Manufacturers Reza Khayyamian said his association has signed a cooperation deal with Italian Association of the Oil Industry (ASSITOL).
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Iran: Saudi cannot ban oil tankers
Apr 10, 2016 13:29Iran says Saudi Arabia cannot ban its oil tankers from travelling in international waters – a move that experts believe Riyadh has devised to slow down Iran’s oil exports through a political context.
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UAE oil minister says output freeze already in place
Mar 07, 2016 13:49The United Arab Emirates says it has already put in gear a plan agreed to by a number of major oil producing countries to freeze their output level in order to reduce global market glut.