The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran, violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero, according to a report.
News ID: 5022 Publish Date : 2019/07/04
The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
News ID: 5020 Publish Date : 2019/07/04
Russian daily oil output rose in June to 11.15 million barrels per day, up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, the country’s energy ministry data showed on Tuesday.
News ID: 5018 Publish Date : 2019/07/04
China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.
News ID: 5017 Publish Date : 2019/07/04
Glencore plans to reduce the number of subsidiaries based in so-called tax havens as the commodities giant seeks to improve transparency.
News ID: 5002 Publish Date : 2019/07/02
Iranian Oil Minister Bijan Namdar Zanganeh, who is in the Austrian capital of Vienna to attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC), is on a mission to preserve the Islamic Republic’s share of the global oil market.
News ID: 4994 Publish Date : 2019/07/02
Iranian Oil Minister Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting later on Monday.
News ID: 4992 Publish Date : 2019/07/02
Norway’s Finance Ministry has asked the government’s $1 trillion fund—the world’s biggest sovereign wealth fund—to recommend a schedule for phasing out its investments in pure exploration and production energy companies.
News ID: 4984 Publish Date : 2019/07/02
Norway’s Finance Ministry has asked the government’s $1 trillion fund—the world’s biggest sovereign wealth fund—to recommend a schedule for phasing out its investments in pure exploration and production energy companies.
News ID: 4983 Publish Date : 2019/07/02
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati underlined the need for the EU to purchase Iranian crude to finance the Instrument in Support of Trade Exchanges (INSTEX).
News ID: 4948 Publish Date : 2019/06/30
Kermanshah Oil Refinery has taken several measures to reduce its environmental pollutants and become one of the leading Iranian refineries for promoting environmentally sound practices in recent years, the secretary-general of Oil Refining Industry Cooperative Association said.
News ID: 4944 Publish Date : 2019/06/30
Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed all sanction waivers for Iranian oil customers as of May.
News ID: 4943 Publish Date : 2019/06/30
Russian President Vladimir Putin said he agreed with Saudi Crown Prince Mohammed bin Salman to extend the OPEC+ deal at current production levels for the rest of this year and potentially into early 2020.
News ID: 4942 Publish Date : 2019/06/30
China does not support US policy on eliminating Iran's oil exports, the director-general of the Department of Arms Control at the Chinese Foreign Ministry stated on Friday.
News ID: 4937 Publish Date : 2019/06/29
A senior Iranian legislator underlined the necessity for the European states to help Iran stand against the US sanctions by buying its crude and facilitate banking transactions, as part of their obligations under the nuclear deal.
News ID: 4936 Publish Date : 2019/06/29
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Wednesday that the US has run out of moves to pose further pressures on Tehran, adding that his country is restoring its position in the global oil market with increasing supply to its international customers through new methods.
News ID: 4917 Publish Date : 2019/06/27
The National Iranian Drilling Company (NIDC) successfully spudded 28 oil and gas wells over the first three months of the current calendar year, which began on March 21.
News ID: 4906 Publish Date : 2019/06/25
Construction of platforms 7 and 8 of Hendijan offshore oilfield has made 90 percent progress
News ID: 4905 Publish Date : 2019/06/25
Iran’s oil and gas industries are growing reliance on domestic capacities and indigenous technologies, Iranian Deputy Oil Minister Alireza Sadeqabadi said, adding that the country has risen its refining capacity by 40 percent in the past 2 years when the US was throwing its weight behind crippling Tehran’s crude exports.
News ID: 4904 Publish Date : 2019/06/25
An Iranian lawmaker said the country’s security forces have captured a female spy who had infiltrated into the Oil Ministry.
News ID: 4903 Publish Date : 2019/06/25
