Beijing has increased its purchases of Iranian oil after Chinese authorities issued new quotas allowing private refiners to import crude stored on tankers waiting offshore, according to a new report.
A new report by Reuters news agency suggests that Iran has managed to export more oil to China via Indonesia, a tactic experts believe is used to evade US sanctions aimed at restricting Iranian oil shipments.
Tehran continued to increase its oil exports in September despite the continued pressure of US sanctions, and just before the United Nations re-imposed its sanctions against Iran.
Iran’s Oil Minister Mohsen Paknejad has announced the discovery of large natural gas and oil reserves in the Pazan field in the southern Province of Fars.
Iran’s Oil Minister, Mohsen Paknejad, stated that the potential reactivation of UN sanctions by the EU, or “snapback,” would not impact the country’s oil exports beyond existing US unilateral restrictions.
Tehran’s oil production fell slightly in July as output continued to suffer from the impacts of a war Iran fought with Israel in June, and despite a general rise in production by members of the Organization of the Petroleum Exporting Countries (OPEC).
Iran’s Oil Minister Mohsen Paknejad has strongly denied claims made by foreign media that over 40 million barrels of Iranian oil are currently sitting idle at sea due to lack of buyers.
Iran has managed to significantly raise its oil production in a short period of time under an emergency plan introduced by the government and despite the pressures of the US sanctions, according to a report published in the local media.
Iran’s Oil Minister Mohsen Paknejad has stated that Tehran has been planning for a potential scenario in which the United Nations sanctions are re-imposed on the country as part of efforts by European powers to force the Islamic Republic to change its nuclear policy.
Tehran managed to significantly increase its oil export revenues last year, according to new OPEC data, which shows that US sanctions have failed to choke off Iran’s lucrative oil business.
Iran’s oil production declined slightly in June amid Israel’s war against the country, despite an overall increase in output by major oil producers, according to the latest data from the Organization of the Petroleum Exporting Countries (OPEC).
Iran commemorated the 117th anniversary of the country’s first oil discovery in a ceremony held Monday, with Deputy Oil Minister Hamid Bourd stressing the pivotal role of exploration in the energy sector.
Iran’s Oil Minister Mohsen Paknejad announced that starting in June, a major oil or petrochemical project will be inaugurated each month in Iran until the end of the year.
Iran’s oil exports reached a 10-year record in the calendar year to late March, according to figures released by the country’s central bank, despite draconian US sanctions.
Iran’s Oil Minister, Mohsen Paknejad, issued the order to restart exploratory drilling operations in the shallow waters of the Caspian Sea, in Northern Iran, with the North Drilling Company’s rig being deployed at a depth of 70 meters.
Iran’s Oil Minister Mohsen Paknejad has announced a series of reforms aimed at facilitating private sector involvement and accelerating investment in the country’s oil and gas industry, as part of the administration’s broader energy development strategy.
Iran’s Minister of Petroleum, Mohsen Paknejad, announced the signing of four major contracts with Russian companies for the development of seven Iranian oilfields.
The United States has imposed sanctions on Chinese importers of Iranian oil despite being involved in negotiations with Iran to sort out differences over its nuclear program.
Iranian Oil Minister, Mohsen Paknejad, emphasized that the US threats to reduce the country's crude oil exports are nothing more than a pipe dream that will never materialize.
Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.
Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.
Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."
