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The latest news and views about the Iranian oil industry

Iran Denies Receiving Tonnes of Gold from Venezuela in Exchange for Gasoline

Iran Denies Receiving Tonnes of Gold from Venezuela in Exchange for Gasoline

As Iran’s third oil tanker sails into the Venezuelan waters to deliver its much-needed gasoline cargo, the Iranian envoy to the South American country dismisses the claims that Tehran has received nine tonnes of gold from Caracas in exchange for the fuel.
Venezuelan Armed Forces Escort Second Iranian Tanker

Venezuelan Armed Forces Escort Second Iranian Tanker

After escorting the first Iranian tanker Fortune, the Venezuelan army has released footage of escorting the second vessel, named Forest, carrying gasoline to the fuel-starved country.
Second Iranian Oil Tanker Enters Venezuelan Waters

Second Iranian Oil Tanker Enters Venezuelan Waters

The second Iranian oil tanker, named Forest, has entered the Venezuelan waters to deliver its much-needer gasoline cargo.
Iran's First Tanker in Venezuela to Deliver Much-Needed Gasoline

Iran’s First Tanker in Venezuela to Deliver Much-Needed Gasoline

The first of five tankers carrying Iranian gasoline to Venezuela has arrived in the Latin American country despite the US threats.
President Warns US of Retaliation If Iran’s Tankers Threatened

President Warns US of Retaliation If Iran’s Tankers Threatened

President of Iran Hassan Rouhani has cautioned the US that causing any trouble for the country’s oil tankers, be it the Caribbean Sea or any other part of the world, will make Washington face troubles in turn.
Iran Warns US against Interference with Its Fuel Transfer to Venezuela

Iran Warns US against Interference with Its Fuel Transfer to Venezuela

Iran has warned the United States against any interference with the transfer of fuel by Iranian tankers to Venezuela.
US Sends 4 Warships to Caribbean for Possible Encounter with Iran Tankers

‘US Sends 4 Warships to Caribbean for Possible Encounter with Iran Tankers’

The US Navy has sent its P8-Poseidon patrol aircraft from the VP-26 Tridents as well as four warships to the Caribbean region for possible encounter with a group of Iranian super-tankers moving fuel to Venezuela, a report says.
Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.
COVID-19 Punishes Those Who Sanctioned Iran’s Oil: First VP

COVID-19 Punishes Those Who Sanctioned Iran’s Oil: First VP

Iran’s First Vice President says the coronavirus took severe revenge on the countries that sought to harm the Islamic Republic by imposing sanctions on the Iranian oil.
Time to Wean Global Economy Off Oil Earnings

Time to Wean Global Economy Off Oil Earnings: Analyst

An analyst says recent developments indicate the world economy will no longer be dependent on oil revenues in the future.