Iran oil

The latest news and views about the Iranian oil industry

Media Wire

Iran Blames Saudi, Russia for Qatar’s Bid to Leave OPEC

IFP Media Wire -
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.
IFP Exclusive

Iran Says Has Changed Oil Exports Pattern to Counter US Bans

IFP Editorial Staff -
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.
Media Wire

‘Naval Forces Ready to Ensure Security of Iranian Oil Tankers’

IFP Media Wire -
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.
IFP Exclusive

Iranian Crude Oil Sold Out in Energy Bourse

IFP Editorial Staff -
All the 700,000 barrels of crude oil released at Iran’s energy bourse were sold out at a rate of $64.97 in the second phase of supplying the Iranian crude oil through the market.
IFP Exclusive

Tehran Slams Ankara for Refusing to Refuel Iranian Aircraft

IFP Editorial Staff -
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.
IFP Exclusive

US to Exempt Eight Countries from Iran Oil Sanctions: Report

IFP Editorial Staff -
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.
Media Wire

US Gives India Waiver on Oil Imports from Iran

IFP Media Wire -
Officials in New Delhi say the United States has agreed to grant India a waiver from Iran sanctions so that the country would be able to maintain imports of crude oil from the Islamic Republic.
IFP Exclusive

Tehran Denies Reports of Selling Oil through Russia

IFP Editorial Staff -
Iran’s oil minister has denied reports that Tehran is selling its petroleum through Russia in a bid to bypass the US sanctions.
IFP Exclusive

Iran Starts Direct Sale of Crude Oil through Energy Bourse

IFP Editorial Staff -
Iran has started supplying its crude oil to the private sector through its energy bourse, a local market which provides Iranian and foreign tradesmen with a chance to purchase Iran’s crude oil and export it to the international markets.
IFP Exclusive

US Can’t Reduce Oil Price by Bullying Others: Iran

IFP Editorial Staff -
Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.
IFP Exclusive

Iran, Russia Agree to Increase Oil Output by 1m bpd

IFP Editorial Staff -
Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.
IFP Exclusive

“Iran Finds New Oil Clients ahead of US Sanctions”

IFP Editorial Staff -
Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.
Media Wire

Neither Saudis, nor Others Can Replace Iran’s Oil: Minister

IFP Media Wire -
Iran's Minister of Petroleum Bijan Zangeneh dismisses the rhetoric by the Saudi crown prince about Riyadh's capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.
Media Wire

Recent Rise in Oil Prices Offsets US Sanctions: Iran

IFP Media Wire -
A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.
IFP Exclusive

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

IFP Editorial Staff -
Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.
IFP Exclusive

Iran, EU on Verge of Oil Deal in Defiance of US Bans: Zarif

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Tehran is closing in on a deal to sell oil to European nations despite the US threats of sanctions against any countries that do business with Iran.
Media Wire

Iran’s Hails OPEC’s Decision to Reject Trump’s Call for Output Hike

IFP Media Wire -
Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.
IFP Exclusive

Oil Prices to Go Down If Trump Keeps Quiet: Iran

IFP Editorial Staff -
Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.
Media Wire

Iran Raps Trump’s Pressure on Oil Pruducers to Boost Output

IFP Media Wire -
Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
Media Wire

Russia Says US’ Bid to Cut Iran’s Oil Exports to Zero Not Feasible

IFP Media Wire -
Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down Iran’s oil export to zero, as Washington is almost isolated internationally on this particular issue.
Media Wire

Indian Refiners Allowed to Import Crude Oil Using Iranian Tankers, Insurance

IFP Media Wire -
India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India halted voyages to Iran due to US sanctions, sources said.
IFP Exclusive

Iran Waiting for EU to Guarantee Continued Oil Sales, Banking Ties: FM

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif says Tehran is still waiting for the European Union’s measures to guarantee the continued sale of Iran’s crude oil and maintaining banking ties with the bloc despite the US bans.
IFP Exclusive

US Will Desperately Grant Waivers on Iran Oil Bans: Analyst

IFP Editorial Staff -
Seyyed Mehdi Hosseini, a former deputy oil minister and an energy expert, says the US has no way but to grant sanction waivers to Iran’s oil customers.
Media Wire

France’s Total Officially Withdraws from Iran’s South Pars Gas Project

IFP Media Wire -
Iran’s Petroleum Minister Bijan Zanganeh says French energy giant Total has officially left the country, ending speculations over whether it would stay to finish a gas project following the return of US sanctions against the Islamic Republic.
IFP Exclusive

IRGC Confirms Reports of Holding Naval Drill in Persian Gulf

IFP Editorial Staff -
The spokesman for Iran’s IRGC confirmed on Sunday that Iranian forces have successfully staged a drill in Persian Gulf earlier this week, saying the maneuver was carried out as part of the IRGC’s annual schedule.
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