News Categories

Washington's plots and threats not to scare away Iranian oil buyers

27 August 2019 - 22:48
Nearly 10 days after the release of Iranian super tanker Grace 1 by the Gibraltar court, despite all the U.S. warnings that anyone dealing with the Iranian oil tanker would face sanctions, Iran announced that the supertanker’s 2 million-barrel cargo has been sold and the vessel is heading to a destination determined by the buyer.

Escalating U.S.-China trade war, a blessing in disguise for Iran’s oil industry?!

2 September 2019 - 17:14
The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.

Indian Oil Corporation to make alumina-based battery for electric vehicles

29 August 2019 - 19:29
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles.

Iran Says Capable to Restore Oil Output in 3 Days

29 August 2019 - 19:17
Iranian Oil Minister Bijan Namdar Zanganeh reassured that the country’s oil output can increase to pre-sanctions’ volume 3 days after limitations are removed.

Minister: Iran Ranks 1st in OPEC in Gasoline Production

29 August 2019 - 19:05
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.

Total in Asset Transfer Deals With Qatar Petroleum

29 August 2019 - 18:37
The state-owned Qatar Petroleum and France's Total have signed exploration and production agreements for two offshore blocks in Namibia, QP announced Tuesday.

Kenya Exports First Oil Shipment

29 August 2019 - 18:33
K enya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.

Oil Tankers With US Crude Race to Beat China Tariff Deadline

29 August 2019 - 18:30
Ahandful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing's 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time.

China's crude imports from Iran rise 5%

29 August 2019 - 13:17
China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, data made available by China's General Administration of Customs showed.

Oil output could easily be restored to pre-sanction levels: Zanganeh

29 August 2019 - 02:00
Iran’s Oil Minister Bijan Namdar Zanganeh has denied the idea of U.S. sanctions’ long-term impact on the country’s oil production and exports capacity, saying output could be back to normal very quickly once the sanctions are removed.
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