Reuters - The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the practice of storing Iranian oil and avoiding U.S. sanctions on Iran, a senior State Department official said on Monday.
We will target and designate anybody that stores Iranian oil, petrochemicals or refined petroleum ...
IRNA - Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati said less than 1/3 exports is related to oil.
Oil has had the major share of production and exports in Iranian economy for 50 years, Hemmati wrote in his Instagram page, adding that today less than 1/3 of exports is related to oil.
Irans economic growth is also strongly affected ...
Tehran Times - Withdrawal from the accord on May 8 on the anniversary of the U.S. pullout to have sent a strong message to Washington and the other signatories that it wont sit idly by now that the deal is not delivering economic benefits it was originally designed for. Just recently, Iran upped its uranium enrichment beyond the 3.67% limit dictated ...
MNA I do believe that INSTEX will not work miracles; monetary transactions should be done via it and for that Europeans should purchase our oil or open credit lines for Iran, the Governor of the Central Bank of Iran (CBI) Abdolanser Hemmati said in a televised interview last night.
Europeans should buy oil from us as did Italy and Greece in the ...
Tasnim Iranian Oil Minister Bijan Namdar Zanganeh rejected claims that Saudi Arabia and the United Arab Emirates can replace the reduced share of the Islamic Republic in the global oil market, saying no country can do that because of the fragile market.
In remarks released on Saturday, Zanganeh emphasized that nobody can make up for the gap created ...
Reuters - U.S. President Donald Trump will increase pressure on Iran, U.S. Secretary of State Mike Pompeo said on Wednesday, but he declined specific comment on whether the administration would continue sanctions waivers for countries that import Iranian oil.
Pompeo told a U.S. Senate committee he had no announcements on whether Washington would ...
Reuters - The United States on Monday re-imposed sanctions against Irans oil exports to punish Tehran for its involvement in several Middle Eastern conflicts.
Washington had been pushing governments to cut imports of Iranian oil to zero. But, fearing a price spike, it granted Irans biggest buyers - China, India, South Korea, Japan, Italy, Greece,...
Al-Monitor | Bijan Khajehpour: US secondary sanctions to limit Irans oil and petroleum products exports went into effect Nov. 5. However, the threat of sanctions had already reduced the actual volume of exports in the past months to an extent that Irans crude oil and gas liquids exports had fallen from their peak of 2.7 million barrels per day (mbpd) ...
MNA Deputy Minister of Roads and Urban Development for International Affairs Asghar Fakhrieh Kashan said that any directive has not yet been issued with regard to bartering Iranian oil with Russias Sukhoi aircraft.
Turning to the possibility of bartering Iranian oil with Russias Sukhoi aircraft, he said, other airline companies can embark on purchasing ...
Bloomberg | Julian Lee: Citigroup Inc., Societe Generale SA, Royal Bank of Canada, Mitsubishi UFJ Financial Group Inc. Analysts at all these banks think the chances of sanctions on Iran snapping back into effect are much greater now thatMike Pompeo has been nominated Secretary of State and John Bolton appointed National Security Advisor.
Not the most ...
SHANA - Iran successfully extinguished a deadly oil/gas well fire after 58 days of nonstop efforts.
The fire broke out on Oct. 29 at rig No.95 of Rag Sefid oil field, located in the southwestern Khuzestan Province, killing two workers on the spot.
The accident happened when drilling operation was ongoing in depth of 2,403 meters in the well No....
Bloomberg |Christian Berthelsen:Over six days on the stand, a star witness for the FBI spun a stunning tale of corruption and double-dealing.
Looking nervous and somber, the FBIs star witness entered from the lockup and shuffled across the New York federal courtroom in a beige prison smock. The Turkish-Iranian gold trader took a seat at the witness ...
Bloomberg |Golnar Motevalli: At the Middle Easts oldest oil refinery, giant, yellow-brick silos that stored Iranian crude and fuel products are mottled by bullet marks from the war with Iraq in the 1980s. One has a large puncture from a tank shell.
The conflict is now economic, but this area of southwest Iran nearthe Persian Gulf is strategically ...
Reuters- Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said.
The reluctance of U.S. firms to handle Iranian goods had greatly limited the number of reinsurers of cargoes,...
Press TV- Polands biggest refiner PKN Orlen has announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil.
The state-owned PKN Orlen announced in a statement as reported by Reuters that it had bought 1 million barrels of Iranian Light oil.
It said the ...
MNA Iranian and Russian oil officials mulled over development of bilateral oil and gas cooperation at a joint meeting held in Moscow.
The session, which was held on the sidelines of the 4th Annual International Oil Conference, was attended by Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia as well as Pavel Zavalny,...
TEHRAN, Oct 07 (Shana) President Hassan Rouhani in a joint press conference with the Malaysian Prime Minister Najib Tun Razak on Friday urged Malaysian companies to invest in Iran's oil, gas and petrochemical sector.
Iran welcomes presence of Malaysian companies in Iran's oil, gas and petrochemicals sectors as well as cooperation between ...
Iran will soon tender the drilling of 20 wells in its South Azadegan oil field which is the first reservoir on tap for development under the countrys post-sanction plans.
The National Iranian Drilling Company (NIDC) has already been awarded the drilling of 20 wells in South Azadegan which it has to complete in two years.
NIDC cannot participate ...
TEHRAN, Aug 10 (Shana) Vice-President and Head of the Department of Environment Masoomeh Ebtekar said on Tuesday that Iran's splendid environment friendly position in oil and gas worldwide is undeniable.
Addressing a panel of Shana reporters and staff, Ebtekar said, "Efforts should be made to further upgrade the ranking; so, efforts should ...
TEHRAN, August 1 (Shana) President Hassan Rouhani said on Monday that self-sufficiency in oil and gas sectors will result in the country's might.President Rouhani made the remark in ceremonies marking the 50th anniversary of establishment of National Iranian Gas Company (NIGC).
President Rouhani said oil and gas play essential role in development ...
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