Iran oil sales

Iran to sell oil on IRENEX for 8th time

One million barrels of the Iranian light crude will be put on sale on IRENEX as the country faces US sanctions on its vital oil sector.

Energy

Iran exports 1.5m bpd of crude in March, highest since November sanctions

Latest data by Bloomberg tanker tracking service show Tehran oil exports in March hit 1.5 million barrels a day, the highest in last five months when the US reimposed economic sanctions in November.

Energy

South Korean officials to press for Iran sanctions waiver in United States

Seoul obtained last November a 180-day exemption from US sanctions on buying Iranian energy. The Asian country has been trying to convince the US authoities that Iranian condensates are the best feed stock for its refineries.

Energy

Video

New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

Video

India negotiating with US to continue Iran oil purchase

The country has been buying crude from Iran under the US sanctions although in lesser quantities. The energy-hungry South East Asian state, is eager to be able to import Iranian crude as well as abide by the US punitive measures.

Energy

Asia’s crude oil imports from Iran to redouble in February

Unilateral US sanctions on Iran have targeted Iranian oil sales that have caused some dips in the country’s crude purchase. But with countries such as Japan and South Korea restarting importing Iranian crude, the purchase is set to rebound in this month.

Energy

Japan to resume banking ties with Iran: Envoy

Tokyo will be the latest of Iran oil importers that is intending to restart banking relations with cash-stripped Iran. China, India and South Korea have already put in place special payment channels.

Energy

Japan to continue Iran oil purchase: envoy

Japan has been one of the eight countries that have been exempted from the US sanctions to be able to buy energy from Iran. Tokyo says it’s willing to import Iranian crude but needs an extension of its waiver.

Energy

Iran opens 3rd phase of Persian Gulf Star refinery to become self-sufficient gasoline producer

The Persian Gulf Star gas processing plant is the most modern and the largest project of its kind in Iran and the largest in the world that has been developed to not only help country stop importing gasoline but also turn into a potential exporter of this product.

Energy

Iranian crude to be put on stock sale for fifth time

Iran’s state oil company NIOC launched another round of oil sales on IRENEX although the third and fourth offers failed to find any potential buyers. So far, only one million barrels of oil have been sold through energy stock market.

Energy