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The latest news and views about the Iranian oil industry

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

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

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.

Iran’s Parliament Speaker Says US Oil Sanctions on Iran Futile

The speaker of Iran’s parliament said the US has failed to cut down to zero Iran’s oil trade, in a clear defeat for Donald Trump administration in its maximum pressure campaign against Tehran.

Japan Begins Importing Oil from Iran: CBI Governor

Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.

Every Day Several Clients Ask to Buy Iran’s Oil: Official

Iran’s deputy oil minister says every day 5 or 6 purchasers send their request to buy oil from Iran, but the names will not be revealed as the enemies may misuse that information.

Iran Reliable Supplier of Oil for India: FM Zarif

Iran’s foreign minister says the country has always been, and will remain a reliable supplier of petroleum for India.

France Stops Oil Imports from Iran

France as one of the signatories to the nuclear deal, which had promised to protect Iran's foreign trade against US sanctions along with two European countries of Germany and the UK, has stopped oil imports from Iran in September before oil sanctions come into force.
Iran's Oil Minister Bijan Zanganeh

Iran to Hold 3rd Round of Direct Oil Sales Next Week: Minister

Iran's Oil Minister Bijan Zanganeh says the third round of direct sale of oil to non-government traders through oil bourse may be held next week.

Iran Oil Revenues Decreased 28 Percent in New Budget Proposal

The state budget for the new Iranian year starting on March 21 assumes $21 billion of oil revenues, about 28 percent lower than this year's budget, Government spokesman Mohammad Reza Nobakht has said.

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.

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