Saturday, 23 March , 2024
OIL Archives - Page 30 of 41 - Iran News Daily
Chinese refiner stops US oil imports, turns to Iranian crude 10 Jul 2018

Chinese refiner stops US oil imports, turns to Iranian crude

An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing an official from the refiner, Dongming Petrochemical Group. What’s more, the source said that Beijing is planning to slap tariffs on US crude oil imports and […]

Iran oil removal to take S Arabia, oil market into unknown 10 Jul 2018

Iran oil removal to take S Arabia, oil market into unknown

 Reuters market analyst John Kemp has warned against the consequences of Iran’s oil removal from the global markets. MNA republishes the Reuters market analyst’s article published on July 9. The text of the article is as follows: The United States wants to eliminate all Iran’s crude oil exports from November, and is relying on Saudi Arabia […]

Oil price soon to reach $100 per barrel 08 Jul 2018

Oil price soon to reach $100 per barrel

Oil will soon cost $100 per barrel due to supply disruptions caused by US President Donald Trump, Iran’s OPEC Governor told Reuters on Thursday, warning that expectations that Saudi Arabia and Russia would help bring down prices were in vain. Iranian OPEC Governor Hossein Kazempour Ardebili told Reuters that Trump “should have expected” when blocking […]

China rejects US call to stop Iran oil imports 04 Jul 2018

China rejects US call to stop Iran oil imports

China’s Foreign Ministry Spokesman Lu Kang has said that China has no plans to cooperate with the US President Trump’s call to end Iran oil exports. “China is always opposed to unilateral sanctions and long-arm jurisdiction,” Foreign Ministry Spokesman Lu Kang was cited by US Washington Examiner as telling reporters when asked if China would […]

Iran’s non-oil exports to Iraq increases by 13% 03 Jul 2018

Iran’s non-oil exports to Iraq increases by 13%

 Naser Behzad, the Commercial Attaché at the Iranian Embassy in Baghdad, announced an increase of 13% in Iran’s non-oil exports to Iraq. Behzad said on Tuesday that the value of non-oil exports to Iraq in the first quarter of current year was also up 3 percent from the same period last year; Iran’s share of […]

Iran warns US of blocking Iran’s oil exports; ‘stop it or face the consequences’ 03 Jul 2018

Iran warns US of blocking Iran’s oil exports; ‘stop it or face the consequences’

The Iranian president has said that the US cannot go ahead with its plan of stemming Iran’s oil exports, calling on the American to go ahead with their plans if they can. “The Americans claim that they want to completely block Iran’s oil exports to zero but they don’t understand what they are saying because […]

Iran exports 2.28mn bpd of crude oil, 330k gas condensate 02 Jul 2018

Iran exports 2.28mn bpd of crude oil, 330k gas condensate

Iran exported more than 2,28 million barrels of crude oil per day and more than 330,000 barrels of gas condensate in June. According to the statistics for June, 2018, Iran exported more crude oil this year compared to the same period last year. The country exported 2.11 million bpd last June, indicating more than 150,000 […]

Iran nonoil export up by 4.8% 02 Jul 2018

Iran nonoil export up by 4.8%

 Ministry of Industry, Mine and Trade reported that 18.8 million tons of non-oil goods, valued at $7.7 billion, were exported from the country in the first two months of the current Iranian calendar year in 1397 (March 21-May 21), showing a considerable 4.8 and 21.9 percent growth in terms of weight and value respectively as […]

World Cannot Go without Iranian Oil: Minister 30 Jun 2018

World Cannot Go without Iranian Oil: Minister

Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee shrugged of the US government’s recent attempts to remove Iranian oil exports from global market and said the world cannot go without Iran’s oil. In remarks released on Saturday, Rabiee highlighted the significance of Iran’s oil exports and said the issue is important to the country. […]

Oil industry accounts for 70% export portfolio 26 Jun 2018

Oil industry accounts for 70% export portfolio

Deputy Oil Minister for Research and Technology Affairs Eng. Habibollah Bitaraf said that oil industry accounts for 70 share in export portfolio of the country. Physical Assets Management Manual of the oil industry compiled and notified in 2014, so that manual of its national standards is on the agenda, he opined. Speaking in the 1st […]