oil

Iran installs giant offshore rig at Salman oilfield

Iran says it has successfully installed a giant oil drilling platform at an offshore field south of the country despite reports suggesting the country is having problems keeping its oil rigs active because of the American sanctions on the oil industry.

Energy

Iran eyes pumping 1 million bpd in oil fields shared with Iraq

Iran is seeking to exponentially increase output from oilfields shared with Iraq as the Arab country goes on with massive development plans in a field located near the Iranian border.

Energy

Oil jumps as Iran rockets strike US bases in Iraq

Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that assassinated an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.

Energy

Oil prices surge 4% after assassination of General Soleimani

Oil prices moved higher Friday after a top Iranian general was assassinated in a US airstrike ordered by Donald Trump.

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

Iran offers incentives to foreigners to buy oil on Energy Exchange

National Iranian Oil Company (NIOC) says foreign natural entities can also purchase the Iranian oil that is offered each week on Iranian Energy Exchange in a bid to lure more potential customers for its crude.

Energy

Iran says hopeful of future oil sales

The Iranian oil minister said on Sunday that his is confident the Iran’s oil sales will improve in the future despite the US sanctions.

Energy

Iran can secure Indian energy demands to preserve its national interests: Ambassador

The Iranian envoy to India Ali Chegeni said India and Iran are long-time friends and that it’s in New Delhi’s interests to buy Iranian oil.

Energy

2mb of light crude to go on sale on IRENEX on Tuesday

This is the 12th offer of two million barrels of oil on the Energy Exchange since such sales started in November 2018.

Energy

Iranian tanker unloads second crude cargo in China after sanctions waivers end: Report

Data by the French company Kpler show that the oil has been delivered at one of the Sinopec’s refineries. It would be the second oil shipment from Iran to China following the end of US sanctions waivers on 2 May.

Energy