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The latest news and views about the Iranian oil industry

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.

Iran Says Its Oil Exports Will Never Plummet to Less than 1m Barrels

A senior Iranian lawmaker says despite the US decision to tighten its sanctions on Iran’s oil sector, the country’s oil exports will never decrease to less than one million barrels per day.

‘US Waivers for Iran Oil Imports Have No Credit’

The Iranian foreign ministry has dismissed the White House’s latest statement regarding its decision to stop issuing sanctions waivers for the import of Iran’s crude oil.

US to Announce End of Sanctions Waivers for Iran Oil Imports

The United States is to announce that all importers of Iranian oil will have to end their imports shortly or face US sanctions, a report says.

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

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.

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