gas export

US renews Iraq sanctions waiver for Iranian gas, electricity imports

The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.

Energy

Iran in gas transit talks with EU companies

Supplying natural gas to Europe via a pipeline from Turkey is on the National Iranian Gas Company’s agenda, the CEO said.

Energy

Iran’s vice president urges China, friendly countries to buy oil

After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.

Energy

Iraq sets up SPV to buy Iranian power in wake of US sanctions: Report

AFP is reporting that a dinar-based account in Trade Bank of Iraq is supposed to be used to pay for Iranian energy in return for Tehran’s humanitarian purchases.

Financial Markets

US grants energy-hungry Iraq new Iran sanctions waiver: Reports

According to reports, Washington has given Baghdad a 90-day sanctions waivers to keep buying Iranian gas and electricity to meet summertime peaks of demand.

Energy

Iraq not seeking to substitute Iranian gas, electricity: Ambassador

The Iraqi envoy to Iran says although there are substitutes for Iranian energy, Baghdad maintains committed to imports from Iran and that is lookig for alternative ways of doing so.

Energy

Japan’s crude imports from Iran surged to nearly 300,000 b/d in March

The Asian country imported more than 290,000 barrels per day from Iran in March after the country restarted crude purchases from Tehran before the waivers ended on 2 May.

Energy

Iran exports to Iraq worth $11bn annually

Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.

Trade

Iran hits trade surplus of $738m

A latest report by Iran’s Customs Administration shows how a drop in imports helped increase the country’s trade surplus in a 9-month period (April-December).

Trade

Pakistan can offset energy crisis by Iran gas

March 2013 Iran and Pakistan inaugurated the Peace Pipeline that would supply Iranian gas to its neighbouring country. It was supposed to be finished by December 14 and come on stream by January 2015. Five years have past but Islamabad has failed to finish the construction while it´s facing acute energy crisis.

Energy