Saturday, May 21, 2022

Energy Market

Iran Rescues Oil Tankers’ Crew, Transfers Them to Jask Island

Iranian Search and Rescue vessel NAJI has managed to rescue 44 crew members of two oil tankers which had been targeted in the Sea of Oman, transferring them to the Iranian Island of Jask.

Two Supertankers Carrying Crude Oil Targeted in Sea of Oman

Two super oil tankers carrying crude from the Persian Gulf region have reportedly been targeted in the Sea of Oman.

Reduction of Iran’s Commitments Meant to Save Nuclear Deal

Iran’s recent move to stop implementing some of its commitments under the 2015 nuclear deal with world powers is indeed meant to save the deal, not to kill it.

Iran’s Reliance on Oil Revenues Down to 30 Percent: VP

Iran’s first vice president says the country’s reliance on oil revenues has reduced significantly due to the hard efforts made over the recent years.

Saudi Pipeline’s Operation Stopped after Yemen Drone Attacks

Saudi Arabia says it has halted oil pumping on its major east-west pipeline following drone attacks claimed by Yemen’s Ansarullah movement.

Iran Denies Claim It’d Stay in JCPOA If Oil Exports Guaranteed

Iran's Foreign Ministry spokesman has rejected a report by Reuters regarding the country's condition for staying in the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

US Trying to Get Its Hands on Venezuela’s Oil: Iran

Iran’s parliament speaker says the United States seeks to get its hands on Venezuela’s oil riches by creating instability in the country.

‘Bahrain Must Know Its Place Before Threatening Iran’

Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has downplayed the Bahraini foreign minister’s seemingly threatening remarks that Iran will not be allowed to close the Strait of Hormuz even for a single day.

Impossible to Exclude Iran from Oil Market: OPEC

Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.

Iran to Continue Oil Exports despite US Sanction: Rouhani

Iran's President Hassan Rouhani says the country will not allow the United States to implement its decision to bring Iranian oil exports down to zero.

‘Iraq in Limbo to Choose between Iran, US’

An Iranian analyst says Iraq is now faced with a difficult choice between Iran and the US because the power balance it had created over the past years to establish ties with both sides is no longer feasible.

Iraq Says to Keep Importing Iran’s Gas, Power despite US Bans

Iraq is set to maintain and even increase its natural gas and electricity imports from Iran to meet the extreme summer demand, defying the US’ move to stop issuing sanctions waivers for the countries that import energy from Iran.

Iran to Export as Much Oil as It Desires: Leader

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has downplayed the US’ refusal to renew sanctions waivers for the import of Iran’s crude oil, saying that the Islamic Republic will export petroleum as much as it wants.

Zarif Says Iran’s Military to Decide on Closing Strait of Hormuz

Iranian Foreign Minister Mohammad Javad Zarif says the country’s military will make the final decision on the option of closing the Strait of Hormuz, a highly important strategic location for global energy trade, in reaction to the US’ ban on the country’s oil exports.

US, Observers Surprised by Increase in Iran’s Oil Exports

Iranian exports of crude oil and condensate have surged to levels near before sanctions, surprising market observers and affording the country an important victory in a US “economic war” on Tehran.

Iran Inaugurates Four New Phases of South Pars Gas Field

Iranian President Hassan Rouhani on Sunday officially launched four new phases of South Pars, the world’s largest gas field located in the Persian Gulf in southern Iran.

‘Israel to Face Tough Response If Threatens Iranian Tankers’

Iran has vowed to give a crushing response to any move by the Israeli regime to block the Islamic Republic’s oil exports.

Tehran, Yerevan Sign Two MoUs to Boost Ties

Iran and Armenia have signed two memoranda of understanding in a Wednesday ceremony attended by President Hassan Rouhani and visiting Armenian Prime Minister Nikol Pashinyan.

Iran to Close Strait of Hormuz If Its Oil Exports Stopped: IRGC

Commander of the Islamic Revolution Guards Corps (IRGC) Navy Rear Admiral Ali Reza Tangsiri said as long as Iran is able to export its oil via the Strait of Hormuz, the waterway would be open.

Persian Gulf Star Refinery Makes Iran Self-Sufficient in Petrol Production

Iranian President Hassan Rouhani on Monday inaugurated the third phase of the gas condensate plant of the Persian Gulf Star Refinery in Bandar Abbas.

Iran’s Oil Revenues Increase by 49% despite US Bans

In spite of US sanctions to bring Iranian oil exports to zero, statistics show that in the first nine months of the current Iranian year, the Islamic Republic has managed to yield $6.5 billion from crude oil sales, up 48.9% year-on-year.

Int’l Energy Exhibition to Start in Iran’s Persian Gulf Island

The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.

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.

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.

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