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Tehran Assures New Delhi of Adequate Crude Supply

EghtesadOnline: Iran will take care to supply India with all the oil it needs, the country’s embassy in India said, a day after its deputy ambassador threatened that Iran could turn the tap off if India cut back on Iranian oil under the pressure of US sanctions.
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Publish Date:14/July/2018 | 13:02

Iran Vows to Sell Oil Despite US Sanctions

EghtesadOnline: Iran’s vice president acknowledged on Tuesday that US sanctions would hurt the economy, but promised to “sell as much oil as we can” and protect banking.
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Publish Date:11/July/2018 | 13:08

India to Revive Rupee Payment for Iran Oil Imports

EghtesadOnline: India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from US sanctions, two government sources said.
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Publish Date:24/June/2018 | 08:55

China Can Substitute US Crude With Iranian Oil

EghtesadOnline: Beijing’s retaliatory measures against US tariffs can include penalties on oil coming to China from America. A cut in Chinese purchases of US oil may benefit Iran's sales.
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Publish Date:20/June/2018 | 14:25

OPEC Unlikely to Discuss US Sanctions Against Iran

EghtesadOnline: OPEC is likely to reject a request by Iran to discuss US sanctions against Tehran at this month’s meeting of the oil producer group, a source familiar with the matter told Reuters.
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Publish Date:10/June/2018 | 09:36

Oil soars, shares rattled as Trump dumps Iran nuclear deal

EghtesadOnline: Crude oil prices jumped back to near 3 1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, sparking worries about global oil supplies.
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Publish Date:09/May/2018 | 05:58

Normalization of Int'l Ties Key to Attracting FDI

EghtesadOnline: Iran's oil and gas industry cannot experience a turning point in attracting foreign direct investment unless it reduces investment risk by normalizing its relations with the world.
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Publish Date:27/February/2018 | 07:59

Zanganeh: Iran Oil Production, Exports Surge in 10 Months

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.
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Publish Date:05/February/2018 | 14:58

Iranian Light Crude Dips

EghtesadOnline: A rally in Iran's oil prices cooled in the week to January 19 as the country's light crude settled below $69 a barrel in the week.
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Publish Date:29/January/2018 | 11:31

Iran in Talks to Lift Oil Output Capacity by 1.7 mbpd

EghtesadOnline: Talks are underway with international companies over a string of oil projects that could lift oil output capacity by 1.7 million barrels per day, Oil Minister Bijan Namdar Zanganeh said at the weekend.
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Publish Date:29/January/2018 | 11:29

Iran's Light Crude Resurges Above $63

EghtesadOnline: The price of Iran's light crude oil moved back above $63 a barrel in the week to Dec. 15, marking the biggest weekly gain among global crude benchmarks.
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Publish Date:25/December/2017 | 06:28

Maersk Poised to Sign Iran Oil Deal in 2 Months

EghtesadOnline: Denmark's Maersk Oil, a new subsidiary of French energy group Total, could sign a deal early next year to develop an offshore Iranian oil project in the Persian Gulf, according to the chief executive officer of Pars Oil and Gas Company.
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Publish Date:19/December/2017 | 05:47

Wintershall Eying Khuzestan Oilfield

EghtesadOnline: Wintershall could make its way into Iran's petroleum market by securing the rights to develop an oilfield in the southern Khuzestan Province.
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Publish Date:28/November/2017 | 10:05

Iran warns of fallout as Trump hints at oil embargo

EghtesadOnline: Iran’s Minister of Petroleum Bijan Zangeneh says a possible boycott of the Islamic Republic’s crude oil as sought by US President Donald Trump would affect the market.
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Publish Date:25/November/2017 | 15:15

Essar’s Oct. Iran Oil Imports Fall

EghtesadOnline: Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183,000 barrels per day as the company diversifies its crude purchases, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal, Reuters reported.
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Publish Date:18/November/2017 | 08:36

OPEC Reaffirms Iran's Pledge to Supply Cuts

EghtesadOnline: Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
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Publish Date:14/November/2017 | 07:40