US to warn shippers against storing Iranian oil: State Department official
Reuters – The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the practice of storing Iranian…
Tag Archives: Iranian oil
CBI chief: Less than 1/3 exports related to oil
IRNA – Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati said less than 1/3 exports is related to oil. Oil…
“We’ll see how it goes”
Tehran Times – Withdrawal from the accord on May 8 on the anniversary of the U.S. pullout to have sent a strong…
INSTEX not to work miracles, Europeans should purchase Iranian oil
MNA – “I do believe that INSTEX will not work miracles; monetary transactions should be done via it and for that Europeans…
No country can replace lost Iranian oil: Zanganeh
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh rejected claims that Saudi Arabia and the United Arab Emirates can replace the reduced…
Trump ‘will continue to ratchet up pressure’ on Iran: Pompeo
Reuters – U.S. President Donald Trump will increase pressure on Iran, U.S. Secretary of State Mike Pompeo said on Wednesday, but he…
Iran’s plan to sell oil on local energy exchange could boost economy
Al-Monitor | Bijan Khajehpour: US secondary sanctions to limit Iran’s oil and petroleum products exports went into effect Nov. 5. However, the…
Factbox: The knowns and unknowns of U.S. Iran oil sanction waivers
Reuters – The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle…
No planning for bartering Iranian oil with Russia’s Sukhoi aircraft
MNA – Deputy Minister of Roads and Urban Development for International Affairs Asghar Fakhrieh Kashan said that any directive has not yet…
Donald Trump has a potent weapon against Iranian oil
Bloomberg | Julian Lee: Citigroup Inc., Societe Generale SA, Royal Bank of Canada, Mitsubishi UFJ Financial Group Inc. Analysts at all these…
Iran puts out rare oil well blowout
SHANA – Iran successfully extinguished a deadly oil/gas well fire after 58 days of nonstop efforts. The fire broke out on Oct.…
How to launder $1 billion of Iranian oil
Bloomberg | Christian Berthelsen: Over six days on the stand, a star witness for the FBI spun a stunning tale of corruption and double-dealing.…
Can this old BP oil refinery help Iran beat Donald Trump?
Bloomberg |Golnar Motevalli: At the Middle East’s oldest oil refinery, giant, yellow-brick silos that stored Iranian crude and fuel products are mottled…
Global ship insurers to resume near full coverage for Iran oil: officials
Reuters– Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking…
Poland’s PKN joins EU clients of Iranian oil
Press TV- Poland’s biggest refiner PKN Orlen has announced a major purchase of crude oil from Iran thus becoming the latest company…
Tehran, Moscow discuss boosting oil ties
MNA– Iranian and Russian oil officials mulled over development of bilateral oil and gas cooperation at a joint meeting held in Moscow.…
Iran welcomes Malaysia investment in its oil, gas sector: President
TEHRAN, Oct 07 (Shana) – President Hassan Rouhani in a joint press conference with the Malaysian Prime Minister Najib Tun Razak…
Iran’s first oil recovery race is against Iraq
Iran will soon tender the drilling of 20 wells in its South Azadegan oil field which is the first reservoir on tap…
Ebtekar: Iran reserves undeniable environment friendly oil, gas position worldwide
TEHRAN, Aug 10 (Shana) – Vice-President and Head of the Department of Environment Masoomeh Ebtekar said on Tuesday that Iran’s splendid…
Rouhani: Self-Sufficiency in oil, gas sectors brings might
TEHRAN, August 1 (Shana) – President Hassan Rouhani said on Monday that self-sufficiency in oil and gas sectors will result in…
Indonesia’s Pertamina to sign first upstream deal with Iran
JAKARTA, June 27 (Reuters) – Indonesia’s state energy company Pertamina will sign a deal to purchase a stake in an oil and…
MP hails petroleum ministry for regaining market share
TEHRAN, June 15 (Shana) – Ghasem Ahmadi, a member of the Iranian parliament, praised the Iranian Ministry of Petroleum for its…
Iran, Germany to seal oil equipment deal
TEHRAN, May 01 (MNA) – An Oil Industry Equipment Producing Association official said Iran and Germany will soon ink an agreement on…
Insurance group raises coverage for tankers carrying Iranian oil
Flagship private shipping insurance group, the International P&I Club, has raised the default insurance coverage for tankers transporting Iranian oil to $580…
European hopes of cheap Iran oil dashed
European hopes of securing cheap deals for imports of crude oil from Iran are apparently dashed, with some big buyers complaining that…
Iranian Oil Set to Return to Europe Next Month
TEHRAN—Iran is preparing to restart regular crude-oil shipments to the European Union possibly as early as February, Iranian officials said this week,…
OPEC’s oil basket price drops to $25 a barrel
The average price for a basket of crudes from OPEC producers fell to $25 a barrel on Thursday, the group said, even…
Thailand gateway of Iran oil to ASEAN countries: Deputy minister
TEHRAN Nov. 22 (Shana) – Iranian deputy minister for international affairs and trading said Thailand has voiced its readiness to buy crude…
NIDC bracing for entering regional markets
TEHRAN Nov. 10 (Shana) – National Iranian Drilling Company (NIDC), enjoying the support of Iranian contractors, is prepared to operate regional drilling…
Iranian oil goes back on the market
After years of sanctions, the country is boosting production and aiming to win customers back from the Saudis and Russians. The fate…
IRNA: Israel ordered to pay Iran $1.1 billion
An Israeli oil company has been ordered by a Swiss court to pay $1.1 billion to Iran in compensation in a long-standing…
Leader calls for oil-free economy in Iran
TEHRAN (Tasnim) – Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei called for formulation of necessary plans to cut Iran’s…
India grants 3-mth extension to Iranian underwriters -ministry letter
(Reuters) – India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker…
Oil and gas problems: India must grab opportunities in Iran and Iraq
Western bullying has not really helped but sanctions have caused serious economic hardship to Iran. No progress was made in new projects…
Iran asks India to settle all oil payment in rupees – sources
(Reuters) – Iran has asked India to settle all oil trade including $1.53 billion owed to Tehran in the partly convertible rupee…
Chinese firm to cooperate with Iran on oil pipes manufacturing
Iran’s Arvand Free Trade Zone (FTZ) has signed a memorandum of understanding with China’s Hang Seng Oil Pipeline Manufacturing Co to cooperate…
Strategic market consultant: Iran at the crossroads
Tehran, YJC. — Chris Cook a former director of the International Petroleum Exchange believes that the election of President Rouhani represents a…
Oil extends gains above $103 after U.S. hiring jump
TEHRAN, July. 9 (MNA) – The price of oil extended gains above $103 a barrel Monday after a stronger-than-expected jump in U.S.…
MRPL aims to resume Iran oil imports
(Reuters) – MRPL is preparing to resume oil imports from Iran, after stopping in April, having secured local reinsurance for claims of…