Japan’s oil refiners will continue to ask the Japanese government to seek an early extension of the US waiver to import oil from Iran, the head of the Petroleum Association of Japan (PAJ), Takashi Tsukioka, said. Now that Japan has received the waiver, it will resume loading Iranian oil, with most shipments expected to be […]

 Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the oil market doesn’t have the spare capacity to replace Iranian oil in case of U.S. re-imposition of sanctions on the country. “As I have repeatedly said there is no replacement for Iranian oil in the market. Saudi Arabia and Russia’s output is near their […]

 Iranian Oil Minister Bijan Namdar Zanganeh said U.S. cannot balance a market which is suffering from short supply by words and bullying. “The oil market is suffering from short supply and this cannot be resolved by words. Trump thinks he can bring the oil prices down by bullying,” Zanganeh said on the sidelines of the […]

As Aramco’s public offering has been halted, so has the hope in Saudi Arabia’s economic reforms, which according to the young Crown Prince of the country, were intended to fulfill the Arab dream. Saudi Aramco, officially the Saudi Arabian Oil Company, is one of the largest companies in the world by revenue and the most […]

 Iranian Oil Minister Bijan Zanganeh will take part at the 2018 Russian Energy Week International Forum on 3-6 October in Moscow. According to the Public Relations Department of Iran’s embassy in Moscow, Zanganeh is scheduled to take part and deliver a speech at the Forum’s panel about global gas market in 2030. The Iranian minister […]

 Iranian Oil Minister Bijan Zanganeh said that the result of the OPEC committee meeting in Algeria on Sunday was consistent with what Iran wanted for oil supply agreements. “Yesterday’s meeting ultimately concluded with all OPEC and non-OPEC members to abide by the current production agreements, which is consistent with what Iran wanted,” Iranian Oil Minister […]

 Iranian Oil Minister Bijan Namdar Zanganeh said Iran will definitely veto any decision which threatens its interests. The minister made the remarks in an interview in his office with reporters from S&P Global Platts and Bloomberg News on Thursday. Speaking to Bloomberg, Zanganeh warned that some oil producers are trying to create an alternative suppliers’ […]

 Iran’s revenues from crude oil and oil products exports reached 419 trillion rials (about $9.98 billion) in the first four months of the current Iranian calendar year (March 21-July 22, 2018) up 60.7 percent compared to its preceding year’s same period. The country’s crude oil sales reached 348.9 trillion rials (about $8.3 billion) in the […]

 The National Iranian Oil Company (NIOC) has set the official selling price (OSP) of its light crude for Asian buyers at $1.1 a barrel above the average of Oman and Dubai quotes, 10 cents higher than the previous month, Reuters reported quoting a source with knowledge of the matter. September OSP for Iranian Heavy crude […]

Director of Maritime and Ports Office of Bandar Lengeh port Ghasem Askarinasab said on Tuesday that non-oil exports from this port has increased by 36% compared to the same period last year. More than 4.90 million tons of non-oil goods were exported from western ports of southern Hormozgan province during the first five months of […]