Bloomberg | Ganesh NagarajanandDebjit Chakraborty: Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the companys managing director said, amid U.S. sanctions on the Persian Gulf nation that have severely hit its oil exports. The state-run company is boosting capacity at its Nagapattinam ...

Platts-- LPG shipments from Iran made a strong start to the year, rebounding to 520,000 mt in January, the highest since Western sanctions for its nuclear program were lifted in January 2016, updated fixtures from shipping sources showed this week. The latest volume is 146,000 mt more than initial figures published in mid-January, according to shipping ...

  TEHRAN, June 01 (Shana) National Iranian Oil Company (NIOC) has tasked one of its subsidiaries, Naftiran Intertrade Company (NICO), with resuming oil swap operations. Head of Iran's North Oil Terminals Co. Hamid Reza Shahdoost told Shana that NIOC has ordered NICO to revive oil swap operations as soon as possible. NICO is the body ...

[caption id="attachment_155083" align="alignright" width="243"] Belorusneft Company (file photo)[/caption] The United States has removed a Belarusian oil company with previous cooperation with Iran off its sanctions list. The state-owned Belarusian energy company, Belarusneft faced US sanctions in 2011 for its involvement in Irans petroleum sector....

TEHRAN July1 (Shana)--A senior official with National Iranian Oil Company (NIOC) praised Naftiran Intertrade Company for earning Iran more than $100 billion in oil revenues in the 2010-2014 period, despite tough Western sanctions on the country. Seifollah Jashnsaz said that NICO as well as a number of the companys managers have been subject to Western ...