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Iran oil sales

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

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

South Korea restarts Iranian oil imports before waiver window shuts down

The world’s fifth-largest crude importer won a six-month waiver in November from U.S. sanctions on Tehran’s oil exports, but did not immediately start imports, mainly due to payment and insurance issues.

Energy

4th round of oil sales on internal exchange market: Iran issues statement in English

First and second rounds saw anonymous clients buy nearly a million barrels. But, there were no buyers for the third round that was held on 21 January.

Energy

Japanese Fuji Oil loads first cargo of Iranian oil since US sanctions

Japanese refiner Fuji Oil Co has lifted Iranian crude oil in the first cargo to head for Japan since the country received a waiver from U.S. sanctions on Tehran.

Energy

China proposes Iran $3 billion oil field investment under US waivers

Beijing takes advantage of U.S. sanctions waiver while EU companies balk at risk

Energy

Iran to offer another 1 million barrels of oil on domestic bourse

Tehran sought to keep its sales flowing by putting its crude on energy exchange for sale to bypass the renewed US sanctions that are targeting the country’s vital oil and banking sectors.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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