Iran Selling Oil despite US Sanctions
Iranian First Vice-President Eshaq Jahangiri highlighted the country’s success in countering the US sanctions and said the Islamic Republic is selling its oil despite the embargoes on the oil sector.
U.S. and UK’s Strategic Mistake Lies Here
Americans were considering to launch a military campaign in the region concurrent with zeroing Iran’s oil exports and they were thinking that Iran would give in their threats and demands and would bow down, but today we see that Iranians were well-prepared for such a condition and could administered the climate over tension and conflict in a way that the whole world became concerned about the tension in the region.
Completion of South Pars Phases High on Agenda: Iran’s Oil Minister
Iranian Oil Minister Bijan Namdar Zanganeh said it is his ministry’s priority to complete the remaining phases of the South Pars gas field in southern Iran. Speaking to reporters upon his arrival in the southern city of Assaluyeh on Thursday, Zanganeh said during his trip he would visit the development projects of the gas field […]
‘S. Korea expected to restart Iran’s oil imports in late Jan. or early Feb.’
South Korea is expected to restart imports of Iranian crude oil in late January or early February, Reuters reported quoting the head of South Korea’s SK Innovation, which owns the country’s biggest oil refiner SK Energy, as saying on Wednesday. The U.S. launched new sanctions on Iran’s petroleum sector on November 4, but it has […]
S Arabia unable to replace Iran’s oil
Iran’s Oil Sales Official in previous sanctions period Mohammad-Ali Khatibi said that Saudi Arabia and other Organization of Petroleum Exporting Countries (OPEC) and even non-OPEC member states are unable to compensate such huge oil production volume. He put the country’s oil exports volume at 2.8 million oil barrels per day (bpd) and reiterated that OPEC […]
Iran oil exports could fall by two-thirds at year-end
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world, Reuters reported today. Washington initially planned to totally shut Iran out of global oil markets after President Donald Trump abandoned a […]
‘Cutting Iran’s oil from market by Nov. impossible’
TEHRAN- Eliminating Iran’s oil from the global market by November as demanded by the U.S. is impossible, an Iranian oil official told Tasnim news agency on Wednesday. “Iran exports 2.5 million barrel per day of crude oil and gas condensate and cutting it easily and in a period of a few months is impossible,” the […]