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Iran achieves target of 4m bpd oil output

EghtesadOnline: Managing Director of National Iranian Oil Company Ali Kardor said on Monday that NIOC has been able to achieve the target of four million bpd output in the wake of lifting the sanctions.
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Publish Date:05/October/2016 | 16:24

Oil Major BP Buys First Iranian Oil Since Sanctions Eased

EghtesadOnline: Iran’s state-owned oil company sold condensate to BP Plc for the first time since sanctions were lifted in January, marking the country’s re-emergence as one of the world’s top suppliers of crude oil and natural gas liquids.
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Publish Date:05/October/2016 | 10:21

NDFI Assets at $68b

EghtesadOnline: Iran’s sovereign wealth fund is becoming wealthier due to the oil producer’s increased sales, though low oil prices are slowing its growth.
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Publish Date:03/October/2016 | 21:31

Zanganeh: OPEC members expected to welcome Iran comeback to oil market

EghtesadOnline: Minister of Petroleum Bijan Zanganeh said on Wednesday that members of the Organization of the Petroleum Exporting Countries are expected to welcome comeback of Iran to oil market mainly after lifting the sanctions and restoring the output quota.
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Publish Date:01/October/2016 | 10:22

Zangeneh calls for revival of quota system in OPEC

EghtesadOnline: Minister of Petroleum Bijan Zangeneh on Tuesday called for revival of the quota system of the Organization of Petroleum Exporting Countries, saying that there is no alternative to the quota system.
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Publish Date:28/September/2016 | 13:27

Zangeneh: Oil not a weapon

EghtesadOnline: Minister of Petroleum Bijan Zangeneh said on Tuesday that oil is not a weapon and it should not be used for political purpose.
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Publish Date:28/September/2016 | 13:26

Saudi Oil Minister Signals He’s Open to Iran Compromise at OPEC

EghtesadOnline: Saudi Arabia gave the strongest indication yet it’s ready to compromise with regional rival Iran, potentially paving the way for the first limit on oil production in two years, although a deal is unlikely until OPEC’s next meeting in November.
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Publish Date:28/September/2016 | 07:19

Iran oil customers rise to 10: Report

EghtesadOnline: The number of the countries on the list of the buyers of Iran's oil which had been limited to five due to unfair anti-Iran sanctions has risen to 10 after the average oil exports of the country reached 2.1 million barrels per day.
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Publish Date:22/August/2016 | 11:22

Iran Oil Nationalization Revisited

EghtesadOnline: The fate of oil management fell into the hands of the revolutionary government in February 1979 and the National Iranian Oil Company began to run all oil sectors, but has oil really been nationalized 72 years after such a declaration?
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Publish Date:11/April/2023 | 21:32

China Taking Iran Oil

EghtesadOnline: China’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.
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Publish Date:27/July/2019 | 24:17

Import of Iran Oil Critical for Success of INSTEX

EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed by importing oil from Iran to ensure its sustainable operation.
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Publish Date:01/July/2019 | 10:58

Sanctions on Iran Oil Bring US Drivers Pain at Pumps

EghtesadOnline: American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks like pump prices are headed higher.
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Publish Date:27/April/2019 | 13:19

Turkey Eyes US Sanction Waivers on Iran Oil

EghtesadOnline: Turkey "expects" the President Donald Trump administration to grant it waivers from the US related to its purchases of Iranian oil, a top aide to Turkish President Recep Tayyip Erdogan said on Tuesday.
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Publish Date:20/April/2019 | 13:38

Japan Refiners Seeking Clarity Over Iran Oil Waiver Extension

EghtesadOnline: Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said Friday.
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Publish Date:23/February/2019 | 14:49

South Korea Resumes Iran Oil Import

EghtesadOnline: South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
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Publish Date:16/February/2019 | 11:43