Deputy director of Iran’s Ports and Maritime Organization (PMO) said crude oil loadings and exports from the country’s ports has not been halted and the exports are ongoing just like before, ILNA reported on Saturday.
Chairman of Majlis (Parliament) Energy Commission, Fereydoun Hasanvand warned that oil prices are going to surge above $100 per barrel following the U.S. decision to end the waivers.
Following reports that the U.S. is planning to end the waivers on Iranian oil sanctions, a source with the Iranian oil ministry said Washington cannot drive Iranian oil exports to zero.
Japanese Minister of Economy, Trade, and Industry said his country is trying to convince U.S. to keep buying Iranian oil in order to maintain its energy supplies.
Indian refiners’ shipment of Iranian crude oil increased by near five percent through March, Reuters reported citing tanker data obtained from shipping and industry sources.
A sanctions waiver on Iran's petroleum exports that expires in May is expected to be extended during South Korean government officials visit to Washington this week.
India’s finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters. The exemption, put in place December 28 but backdated to November 5, will allow Indian refiners to settle about $1.5 billion of outstanding […]