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Iran awards $7bn oilfield contract to domestic consortium
Jul 06, 2022 01:14Iran has awarded a major oilfield development contract to a consortium of local banks and petroleum companies.
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Third Iranian oil tanker arrives at Syrian Port of Baniyas
Jul 04, 2022 01:00Another Iranian oil tanker arrived on Saturday evening at the Syrian Port of Baniyas located in the East Mediterranean Province of Tartus.
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Biden: I won't directly ask Saudis to increase oil production during visit
Jul 01, 2022 01:11US President Joe Biden has said he will not directly request the leaders of Saudi Arabia to increase oil production to curb soaring crude prices when he visits the kingdom next month.
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Oppressive sanctions on Iran to blame for global energy crisis: Minister
Jun 29, 2022 01:00Iranian Oil Minister Javad Owji says an “oppressive regime of sanctions” imposed by the United States on Iran will to blame for a worsening of the global energy crisis in the near future.
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Study shows excess corporate profits in the US have become 'widespread'
Jun 24, 2022 10:45A new research paper finds that the US corporate price markups and profits jumped to their highest levels in seven decades last year.
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Iran’s EB foundation pushes for expropriation of seized US oil in damages for patients
Jun 22, 2022 07:51The EB Foundation of Iran has called for the expropriation of a seized US oil shipment in damages for the harm inflicted upon Iranians suffering from epidermolysis bullosa due to Washington’s inhumane sanctions.
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China’s oil imports from Russia surge amid Ukraine war, US-led bans
Jun 22, 2022 03:49China has increased its crude oil imports from Russia in recent months, importing more than any other country in the month of May since December last year by taking advantage of lower prices in the face of Western sanctions.
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Iran paid for oil exports 90 days after delivery: Minister
Jun 21, 2022 16:39Finance Minister Ehsan Khandouzi says the country receives revenues of its oil exports no later than 90 days from shipment delivery dates despite American sanctions that restrict both purchases of Iranian oil and the related payments.
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Iran can fulfill Pakistan’s energy needs: President
Jun 15, 2022 04:13Iran's President Seyyed Ebrahim Raeisi expressed the country’s readiness to satisfy Pakistan’s demand for oil, gas and electricity.
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Greece releases Iranian oil tanker
Jun 14, 2022 06:45The Greek government has overturned its recent decision to confiscate an Iranian oil tanker, dismissing Washington’s pressures which were behind the seizure in the first place.