Dutch firms still cooperating with Iran’s oil industry despite US sanctions
Despite US’ unilateral sanctions on Iran, Dutch oil and gas companies still have a significant presence in the country, said an oil expert and the representative of a Dutch firm in the 24th round of Iran Oil Show.
S. Africa sees no limitation for direct coop. with Iran
The sales director of a South African firm said despite unilateral US sanctions on Iran, his company has no limitation for direct cooperation with Iranian businesses and corporations.
EGFI to issue guarantees for oil purchasers of IRENEX
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.
Iran oil has many clients in region: MP
A member of the Iranian Parliament’s national security committee said Iran’s oil has many clients, particularly in the Middle East region, stressing that oil exports would continue despite US sanctions.
Iran Sanctioned for U.S. Oil Industry Boon
That they impose the toughest sanctions of the century on Iran and claim that Iran will be in a condition hard to breathe is just a transient delusion.
Turkey slams US move to end waivers on Iran oil imports
Ankara criticized a decision by US President Donald Trump not to reissue waivers in May allowing importers, including Turkey, to buy Iranian oil without facing US sanctions.
China slams unilateral US sanctions on Iran
China consistently opposes unilateral US sanctions against Iran, the Chinese foreign ministry said on Monday, slamming US plans to tell it and other countries to stop buying Iranian oil or face sanctions.
Impact of Trump’s irrational decisions on oil market
The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran's elite Islamic Revolutionary Guards Corps a 'terrorist group', indicating that the US president, contrary to his tweets, not only was uninterested in stabilizing the oil market and helping cut fuel prices in US, but also caused turmoil in the market with his illogical decisions.
Iran, Iraq weighing development of two joint oilfields: Zanganeh
Oil Minister Bijan Namdar Zanganeh announced Iran and Iraq have reached an understanding for the development of two joint oilfields, namely Naft Shahr and Khorramshahr.
Iran ready for gasoline exports: official
An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in gasoline production but had excess production capacity, which could be earmarked for exports. Addressing the 6th Drilling Congress and Exhibition in Tehran on Saturday, Houshang Falahatian, the deputy petroleum minister for planning, said shifting policies from an economy dependent […]