October 13, The Iran Project An Egyptian journalist says Egypt is seeking other sources to replace Saudi oil, stressing that importing Iran and Venezuela's oil as substitutionwill escalate Riyadhs regional crises and impose heavy costs on Saudis that they will not be able to handle. Referring to a shortfall caused by Saudi Arabias abrupt decision ...

A senior oil official says Iran is ready to resume crude exports to Egypt which used to transport Iranian oil through the Suez Canal and internal pipelines before 2012 sanctions on Tehran dried them up. Egyptian oil officials have said they were looking to Irans return to the market when sanctions are lifted in early 2016. Former oil minister Sherif ...