The National Iranian Oil Company (NIOC) is set to offer two million barrels of natural gas condensate at Iran Energy Exchange (IRENEX) today at discounted prices.
Commenting on Saudi Arabia and UAE capabilities to make up for any shortfalls in energy supply, Albert Bininachvili says the US decision to drive Iran’s oil export to zero is the biggest risk to global energy markets and a double-edged sword.
The representative of Iran’s National Iranian Oil Company (NIOC) announced on Saturday that light crude oil is to be offered at Iran Energy Exchange (IRENEX) at the base price of $67.28 in the next round of oil auction.
First Vice President Es’hagh Jahangiri said that promotion of export of non-oil commodities is the main priority of the country.
Iranian Deputy Oil Minister Amir Hossein Zamaninia announced on Sunday that Iran has mobilized all its resources to sell oil in a 'grey market', to circumvent illegitimate US sanctions against the country.
Iranian Minister of Defense Amir Hatami voiced confidence that the US plans to drive Iran’s oil exports to zero will fail, saying the country’s many advances in defense industry took place under sanctions.
Iranian Parliament Speaker Ali Larijani said that Saudi Arabia and the United Arab Emirates cannot increase their oil production despite what they claim.
Iranian President Hassan Rouhani said that the United States power is not as much as they claim.
Chairman of Iranian Parliament’s Nuclear Committee said while the Establishment has not yet decided to exit JCPOA, the committee is mulling over leaving the agreement and NPT if sanctions remain in place.
The CEO of the Export Guarantee Fund of Iran (EGFI) announced that the fund is to issue guarantees for oil purchaser of Iran Energy Exchange (IRENEX) and related negotiations with the Iranian oil ministry are underway.