Managing Director of the National Iranian Oil Products Distribution Company (NIOPDC) says Iran plans to increase the volume of its oil products swap by 30 percent in the current Iranian year (ending March 20, 2013). Mostafa Kashkouli said Saturday that [...]
An executive of an Iranian oil company says $16 billion will be invested for the development of the South Pars gas field over the next ten months, according to projections. The lion’s share of the funds will come from domestic [...]
Iran news headlines on Saturday include Turkish PM remarks over not halting Iran oil imports; expansion of Iran-Bangladesh bilateral trade over next 3 yrs; 5.7 magnitude quake strike in Iran’s southern Hormozgan province and Ahmadinejad attendance in Russia’s Gas Forum in July. Turkish [...]
(Reuters) – Turkish Prime Minister Tayyip Erdogan said on Friday Turkey had already significantly reduced its oil imports from Iran, which is under the choke of Western sanctions, and further cutbacks would depend on his country’s energy needs. “On crude oil, there has been [...]
TEHRAN, May 16 (MNA) – Oil & Gas IQ, a leading online resource and community for the oil and gas industry, has ranked the National Iranian Oil Company (NIOC) as the third biggest oil company in the world. Oil & [...]
AFP - The US is aiming to block gold sales to Iranians to boost pressure on the rial currency, as it steps up sanctions over the country’s alleged nuclear weapons program, officials said Wednesday. Top officials of the US Treasury and [...]
South Korea, the world’s fifth-largest oil importer, cut crude shipments from Iran by 51 percent in April from a year earlier, customs data show. Purchases last month were 507,821 metric tons, compared with 1.04 million tons a year earlier, according to data [...]
NEW DELHI: Mangalore Refinery and Petrochemicals (MRPL) plans to begin processing oil from Iraq and Latin America from next year, helping the state-owned refiner to partly offset Iranian supplies choked off by pressure from western sanctions. MRPL, Iran’s top Indian client till about a [...]
A selection of the latest news stories and editorials published in Iranian news outlets, compiled by AEI Critical Threats Project Iran Analyst Will Fulton. Politics 150 members of Parliament have written a letter to the Judiciary Branch urging it to investigate President Mahmoud Ahmadinejad’s [...]
After failing to halt Iran’s nuclear advances with harsh economic sanctions, a group of U.S. lawmakers and analysts is proposing a more drastic remedy: cutting off Iran entirely from world oil markets. Advocates of the measure say increases in oil and gas [...]
