The latest news and views about the Iranian oil industry
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The Iranian petroleum minister says Tehran welcomes barter trade in the oil sector now that the country is under the harshest sanctions ever.
The Iranian president’s chief of staff says none of the oil tankers that have been recently confiscated by the US belongs to Iran, noting that their cargo had been already sold.
The Iranian oil minister says the shipment that the United States claims has seized contained Iranian petrol sold to customers.
Iran's ambassador to Venezuela has denied media reports that the US has seized Venezuela-bound oil tankers belonging to the Islamic Republic.
The Islamic Republic of Iran is to turn its Jask port in the south of the country into a major hub of oil exports.
An Iranian official says China is the only country which officially buys oil from the Islamic Republic of Iran despite the US sanctions.
Iran’s First Vice President Es’haq Jahangiri has described a surge in the export of non-oil products as a top priority in the administration’s economic policy, calling on all governmental and private sectors to contribute to the promotion of non-oil exports.
A special envoy of president of Venezuela has visited Tehran to express his country’s gratitude to Iran for freighting several consignments of gasoline and supporting the Latin American nation in the struggle with the US imperialism.
The Iranian president says the national pipeline project launched on Thursday to carry oil as an alternative route for the Strait of Hormuz serves as an important message to those that have imposed sanctions on the country.