Energy

India Continues to Buy Oil from Iran: Envoy

India’s ambassador to the Islamic Republic of Iran says Indian oil imports from Iran has not been cut off and will continue.

Huge Oil, Gas Reserves Discovered in North-West of Iran

Iran is currently scouring 60 percent of its total area for new oil and gas reserves, including in places which were deemed until recently the least likely to have hydrocarbon-bearing formations.

Iran Blasts Pakistan for Dragging Feet on Gas Pipeline

Iranian Oil Minister Bijan Namdar Zanganeh deplored Pakistan’s inaction on completion of a gas pipeline under an agreement with Tehran, saying three foreign countries have put pressure on Pakistan to halt the project.

Iran Says OPEC Agreement Deals Further Blow to US

Iranian President Hassan Rouhani says the US sustained another defeat after the member states of the Organization of the Petroleum Exporting Countries (OPEC) reached consensus on new cuts.

OPEC Agrees on Output Cut, Exempts Iran

Members of the Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a cut in their oil production level but exempted Iran from the reduction.

‘Europeans to Launch Iran Payment Channel by Year-End’

Head of the Atomic Energy Organization of Iran says Tehran hopes the Europeans would establish the Special Purpose Vehicle (SPV), the mechanism aimed at bypassing the US bans on Iran, by the end of December.

Iran Slams US Envoy’s ‘Meddlesome’ Meetings with OPEC Members

The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.

No Oil to Be Exported from Persian Gulf If Iran Banned: Rouhani

Iranian President Hassan Rouhani has warned the United States that if the Islamic Republic is not allowed to export its crude oil, then no other country will be able to do so from the Persian Gulf.

Iran Blames Saudi, Russia for Qatar’s Bid to Leave OPEC

Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that determines production cuts in order to help regulate prices.

Yellow Vest Protests Force Macron to Suspend Fuel Tax Hikes

After several weeks of violent protests across France, particularly those in Paris which turned the capital into a battle zone, President Emmanuel Macron finally buckled and announced his government will suspend a controversial fuel duty rise.

Iranian Villagers Using Solar Panels to Make a Living

A group of Iranian villagers have managed to make money by generating electricity from solar panels provided by a charity foundation.

Paris Turns into Gaza as Protesters Clash with Riot Police (+Video)

The Champs-Élysées Avenue in Paris seemed more like the Gaza Strip on Saturday as French protesters with “yellow vests” threw stones at riot police forces, who used tear gas to disperse the demonstrators outraged by fuel price hikes and President Emmanuel Macron’s policies.

Iran Says Has Changed Oil Exports Pattern to Counter US Bans

A senior lawmaker says Iran has changed the pattern of its oil exports to cope with the unjust US sanctions, which are aimed at cutting the exports down to zero.

‘Naval Forces Ready to Ensure Security of Iranian Oil Tankers’

A top Iranian Navy commander shrugged off US threats against the Islamic Republic and said the Armed Forces are fully ready to guarantee the security of the country’s oil tankers in international waters.

Iranian Crude Oil Sold Out in Energy Bourse

All the 700,000 barrels of crude oil released at Iran’s energy bourse were sold out at a rate of $64.97 in the second phase of supplying the Iranian crude oil through the market.

Tehran Slams Ankara for Refusing to Refuel Iranian Aircraft

Iran’s Civil Aviation Organisation has expressed its protest at a Turkish company’s unilateral decision to refrain from providing fuel for Iranian passenger planes at Istanbul’s Ataturk International Airport.

US to Exempt Eight Countries from Iran Oil Sanctions: Report

The US administration has reportedly agreed to allow eight countries – including Japan, India and South Korea – to keep buying crude oil from Iran after it re-imposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.

US Gives India Waiver on Oil Imports from Iran

Officials in New Delhi say the United States has agreed to grant India a waiver from Iran sanctions so that the country would be able to maintain imports of crude oil from the Islamic Republic.

Tehran Denies Reports of Selling Oil through Russia

Iran’s oil minister has denied reports that Tehran is selling its petroleum through Russia in a bid to bypass the US sanctions.

Iran Starts Direct Sale of Crude Oil through Energy Bourse

Iran has started supplying its crude oil to the private sector through its energy bourse, a local market which provides Iranian and foreign tradesmen with a chance to purchase Iran’s crude oil and export it to the international markets.

Iranian Researchers Use Chicken Fat to Produce Biodiesel

A group of Iranian researchers have developed the knowhow to produce biodiesel out of chicken fat.

Saudi Admits It Can’t Compensate for Iran’s Oil after US Sanctions

Saudi energy minister says his country would not be able to compensate for possible oil disappearance from global markets once the US re-imposes its sanctions against Iran.

110 European Firms Ready for Oil Cooperation with Iran: Official

At least 110 small and medium-sized European firms have expressed their readiness to establish cooperation with the Islamic Republic of Iran in various areas of oil industry, an Iranian official says.

US Can’t Reduce Oil Price by Bullying Others: Iran

Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.

Iran, Russia Agree to Increase Oil Output by 1m bpd

Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.

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