Friday, March 29, 2024

Iran oil

White House blocking authorities from confiscating Iranian oil ships

The Biden administration won't let authorities seize tankers carrying Iranian oil, according to a report. Several European and Asian countries imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.

Iranian oil minister says crude production has exceeded 3 million bpd

Iran’s Oil Minister Javad Owji says the country’s crude production under the administration of President Ebrahim Raisi has exceeded 3 million barrels per day over the past 20 months.

Sources say US confiscated Iran oil cargo

The US has confiscated Iranian oil on a tanker at sea in recent days, three sources have confirned. It comes days later Iran seized an oil-laden tanker in retaliation, according to a maritime security firm.

Iranian president: Iran can be a pioneer in gas and oil industries

Iran’s President Ebrahim Raisi has said all countries are admitting that the Islamic Republic is now a pioneer in military and nuclear industries.

3 EU states importing Iranian oil despite US sanctions: Report

Three European Union (EU) countries have imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.

Beijing’s envoy: Iran oil sales to China on track despite sanctions

The Chinese ambassador to Tehran says the sales of Iranian oil to China is on track “without any problem,” despite the harsh US sanctions in place against the Islamic Republic’s energy sector.

OPEC figures show Iran’s oil output at 2.567 mln bpd in March

Figures by The Organization of the Petroleum Exporting Countries (OPEC) shows Iran’s oil output in March was almost unchanged from February.

Iran’s oil minister arrives Venezuela

Iranian Oil Minister Javad Owji is in Caracas, exploring ways of "strengthening relations and cooperation in the field of energy" between Iran and Venezuela.

Economy minister says Iran’s oil exports hit highest level amid US sanctions

Tehran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite Washington's sanctions, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi has confirmed.

Iran launches major development phase at Abadan refinery

Iran has launched the first section of the second phases of a major project for development and stabilization of capacity at its Abadan refinery in the country's south.

Iran oil exports set record high in 4 years despite sanctions: Minister

Iranian Oil Minister Javad Owji said the country’s oil exports reached the highest level in four years including in the current Persian calendar year which will end on March 20.

Iran ups oil prices for Asia: Report

Iran has raised the official selling price (OSP) of its Light crude oil grade for Asian buyers, a report says.

US says to mount pressure on China to stop importing Iran oil

The US envoy on Iran says Washington will increase pressure on China to cease imports of Iranian oil. China is Iran’s biggest oil customer, according to reports.

Iran oil exports end 2022 at a high despite sanctions

Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite US sanctions, according to companies that track the flows.

‘Value of Iran’s sales of oil products reached $6bn in eight months’

The head of the Iranian Parliament’s Program and Budget Commission says the value of Iran’s exports of oil products reached 6 billion dollars over the past eight months, despite the draconian US sanctions in place against the country’s energy sector.

Iran’s oil exports continue despite US sanctions: Raisi

Iranian President Ebrahim Raisi has stated that the enemy wanted to interrupt Iran’s trade with sanctions, but the country's oil and non-oil exports did not halt for a moment.

Iran oil minister: 100k of Iranian oil refined daily at offshore Venezuelan refinery 

Iran’s Oil Minister Javad Oji says 100 thousand barrels of Iranian oil is refined at an offshore refinery belonging to Venezuela.

Iran oil minister says the country to become regional energy hub

Iranian Oil Minister Javad Oji says the transit and swap of oil and gas from Russia will make Iran the region’s energy hub, and this will flow huge amounts of foreign currency into the Islamic Republic.

Oil minister: Iran can help Japan fulfill energy needs

Iranian Oil Minister Javad Owji says Iran and Japan should work to expand their economic cooperation regardless of the sanctions in place against the Islamic Republic, adding Tehran can play a major role in fulfilling the East Asian state’s energy needs.

Minister voices Iran’s readiness to supply oil and gas to market

Iranian Oil Minister Javad Owji expressed Tehran’s readiness to supply oil and gas to the global market irrespective of politics and help improve energy security in the world.

NIOC: Iran’s daily oil production capacity to top 4 million barrels in months

The head of the National Iranian Oil Company (NIOC) says the country will increase the capacity of daily crude production by 200,000 barrels to reach a total of 4,038,000 by the end of this Persian calendar year.

Economy minister: Iran’s oil income 5 times more than last year

Iran’s minister of economy and finance says the Islamic Republic’s oil income has increased five-fold compared to last year and eleven-fold compared to the year before despite unrelenting US-led sanctions, raising hopes that many of the economic hardships in the country will soon be tackled.

Iranian VP: Tehran’s frozen assets return

Iranian Vice President for Parliamentary Affairs Mohamamd Hosseini says most of Iran’s frozen assets abroad have returned to the country.

Iranian oil minister says return of Iran’s crude can stabilize markets

Iran’s oil minister says the country, which sits on the largest oil and gas reserves of the world, is ready to increase its crude output to pre-sanctions levels in as short a time as possible.

Iran signs largest foreign investment MoU in its oil industry

Iran’s national oil company and Russia’s energy giant, Gazprom, have signed a major memorandum of understanding worth billions of dollars for a joint investment in oil and gas projects, despite sanctions on both countries.

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