Iran oil

The latest news and views about the Iranian oil industry

IFP Exclusive

Iran, Sri Lanka Discuss Promotion of Energy Ties

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif and his Sri Lankan counterpart have conferred on expansion of bilateral ties between the two countries in various fields, especially in energy.
IFP Exclusive

“Keeping Strait of Hormuz Open Hinges on Iran’s Interests”

IFP Editorial Staff -
Iran's Navy commander Rear Admiral Hossein Khanzadi says Iranian maritime forces will continue to secure free navigation in the Strait of Hormuz, but keeping the Strait open depends on the interests of Iran.
IFP Exclusive

“Iran to Reciprocate If Its Interests Jeopardized by Enemies”

IFP Editorial Staff -
An IRGC commander says it will be “natural” for Iran to respond if the US tries to the bully the country and carry out its threat to cut down Tehran’s oil exports.
Media Wire

Saudi Arabia Suspends Oil Exports via Bab el-Mandeb Strait

IFP Media Wire -
Riyadh has temporarily suspended all oil shipments through the Bab el-Mandeb Strait after Yemen’s Houthi Ansarullah movement launched retaliatory attacks on a Saudi warship and a vessel operated by the Riyadh-led coalition waging war the Arabian Peninsula state.
IFP Exclusive

Iran Can Block Global Oil Exports Whenever It Wants: IRGC

IFP Editorial Staff -
IRGC Chief-Commander Major General Mohammad Ali Jafari has warned the US of the consequences of its efforts to cut Iran’s oil exports, saying that all oil transportation passageways are within Iran’s reach.
IFP Exclusive

“Iran to Use All Its Tools, Resources to Foil US’ Oil Plot”

IFP Editorial Staff -
Iran’s Foreign Ministry Spokesman Bahram Qassemi says the United States’ claim that it will bring Iran’s oil exports to zero is just an exaggeration and empty rhetoric, and Tehran will do its utmost to thwart the plot.
IFP Exclusive

“Trump Trying to Save Saudi Economy by Stopping Iran’s Oil Exports”

IFP Editorial Staff -
An Arab news website says the US President’s bid to halt Iran’s oil exports are mainly aimed at salvaging Saudi Arabia’s sluggish economy.
IFP Exclusive

“Iran Must Form Consortium with Russia, China, India to Resist US Sanctions”

IFP Editorial Staff -
Conservative newspaper Kayhan has called on the Iranian government to stop relying on the West and form a consortium with Russia, India and China as an alternative to cope with the West’s economic pressure.
IFP Exclusive

South Korea Rejects Reports on Stopping Oil Imports from Iran

IFP Editorial Staff -
The South Korean embassy in Tehran has rejected the groundless reports on suspending its shipments of Iranian crude oil and gas condensates in July.
Media Wire

IRGC Prepared to Put into Action Rouhani’s Threat on US Oil Bans

IFP Media Wire -
Iran's Islamic Revolution Guards Corps (IRGC) says it stands ready to put in action President Hassan Rouhani's latest position that if Tehran were not able to export its crude oil through the Strait of Hormuz, no other country would be able to do so.
IFP Exclusive

General Soleimani Praises Rouhani’s “Timely, Wise” Remarks

IFP Editorial Staff -
IRGC Quds Force Commander Major General Qassem Soleimani has thanked Iranian President Hassan Rouhani for his recent remarks on the US’ bid to cut Iran's oil exports as well as his comments on the Zionist regime of Israel.
IFP Exclusive

Iran Nuclear Deal Key to Global Peace, Security: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani has described the Iran nuclear deal as a great diplomatic achievement whose survival is in the interests of the global peace and security.
IFP Exclusive

Rouhani Says It’s Impossible to Block Iran’s Oil Exports

IFP Editorial Staff -
Iranian President Hassan Rouhani says it is impossible to cut Iran’s oil exports while other regional states keep exporting their oil.
IFP Exclusive

Trump’s Bid to Bring Iran’s Oil Exports to Zero Impossible Dream

IFP Editorial Staff -
Iran’s First Vice-President Es’haq Jahangiri says Washington’s claim that it will reduce Iran’s oil sales to zero by November is impossible to come true.
IFP Exclusive

Iranian President Opens 2nd Phase of Persian Gulf Star Refinery

IFP Editorial Staff -
President Hassan Rouhani on Thursday launched the second phase of Persian Gulf Star refinery in southern province of Hormozgan.
Media Wire

“US Can Never Stop Other Countries from Buying Iran’s Oil”

IFP Media Wire -
An Iranian oil official says removing Iran’s crude oil from the market is impossible after the US said it expected oil buyers to completely cut off purchases of Iranian supplies in early November.
IFP Exclusive

Iran Hails OPEC’s Decision to Stick to 2016 Agreement

IFP Editorial Staff -
Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.
IFP Exclusive

Iran against Boost in OPEC Crude Oil Output: Minister

IFP Editorial Staff -
Iran’s petroleum minister says the country sees no need for the OPEC member states to boost their oil production, as Tehran believes the recent hike in global oil prices has its roots in political tensions and not any imbalance in the market.  
IFP Exclusive

Russia to Make $50 Billion Investment in Iran’s Oil Industry

IFP Editorial Staff -
Russian officials have officially expressed their intention to make a $50 billion investment in Iran’s oil industry, a media report says.
IFP Exclusive

Iran Says OPEC Must Resist Trump’s Calls for Output Changes

IFP Editorial Staff -
Iranian Oil Minister Bijan Zanganeh has called on the Organization of the Petroleum Exporting Countries to resist calls from Washington to change its output policies, saying that OPEC is not a subordinate of the White House.
IFP Exclusive

“New US Sanctions on Iran Threat to Petrodollar”

IFP Editorial Staff -
US President Trump’s decision to pull the US out of the Iran nuclear deal has reinstated a number of sanctions that have put the petrodollar under threat.
IFP Exclusive

Minister Vows to Prevent Plunge in Iran’s Oil Exports

IFP Editorial Staff -
Iran is investing efforts to maintain its oil production and exports at current levels following the US pull-out from the nuclear pact that is to restore US anti-Iran sanctions, the petroleum minister said.
IFP Exclusive

Iran, India Resolved to Expand Ties despite US Sanctions

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.
IFP Exclusive

China to Make $2bn Investment in Iranian Oil Refinery

IFP Editorial Staff -
A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.
IFP Exclusive

Iran-EU Joint Committee to Address Oil Trade Problems

IFP Editorial Staff -
EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.
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