Oil Minister Javad Owji says crude oil exports from the country will further increase in the upcoming months despite the growing pressure of the U.S. sanctions on the Iranian energy sector.
Iran will swap its crude oil for grain shipments from Cuba as part of agreements reached between senior officials from the two countries in recent weeks, says a senior Iranian Foreign Ministry official.
Venezuela has begun shipping in heavy crude oil from Iran to use as feedstock in domestic refineries, Reuters reported on Monday citing documents from Venezuela’s state-run oil company PDVSA.
According to TankerTrackers, a million barrels of Iranian crude oil is approaching the Suez Canal from the Red Sea.
Iranian President Hassan Rouhani says the country will boost the oil output and sales in the next Iranian calendar year that will start on March 21, 2021.
Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts.
Iranian Oil Minister Bijan Namdar Zanganeh says Iran is by no means lagging behind the neighbors in this race.
Russia overtook Saudi Arabia as China's top crude oil supplier in April, customs data showed, with imports rising 18 percent from the same month a year earlier.
Iranian President Hassan Rouhani called for boosting the production of oil byproducts and minimizing exports of crude oil.
TEHRAN (Iran News) – The Iranian oil minister has said that the arrival of the US in the gas and oil markets was becoming a crucial factor in changing the geography of energy in the world. According to the news service of the Oil Ministry ‘SHANA’, the Oil Minister Bijan Zanganeh was speaking to the […]