The latest news and views about the Iranian oil industry
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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.
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 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.
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.
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.
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.
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.