Iran oil sales

Iran sold gasoline to Venezuela at market price: Zanganeh

Petroleum Minister Bijan Zanganeh says the Iranian gasoline delivered to fuel-starved Venezuela last month was sold to Caracas at market price.


Rouhani urges push to release Iran assets in foreign banks

President Hassan Rouhani has urged the Central Bank of Iran (CBI) to continue following up on the release of the country’s frozen assets in foreign banks.


Iran urges South Korean banks to release its $7b oil money

Governor of the Central Bank of Iran called on South Korean banks to release Iran’s oil money frozen under US pressure, warning that the Islamic Republic reserves the right to take legal action under international law.


Fifth Iranian fuel tanker docks in Venezuelan port

The fifth and last tanker in a flotilla of ships carrying Iranian fuel has entered Venezuela’s state oil company Petroleos de Venezuela (PDVSA)’s El Palito refining facility.


First tanker carrying Iranian fuel reaches Venezuela despite US warning

The vessel has arrived in Venezuelan waters to help alleviate fuel shortages in the former oil-exporting nation. Tehran had warned of "consequences" if the US stopped the ship.


First of five Iranian tankers to reach Venezuelan waters Sunday

A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country’s waters on Sunday.


Iran’s fourth tanker heading to Venezuela transits Gibraltar Strait, fifth on the way

Iran’s oil tanker named Faxon which reportedly is destined for Latin America, has passed through the Strait of Gibraltar. Another tanker named Clavel has also passed through the Suez Canal and is moving towards Gibraltar.


US not banning medicine flow to Iran, very big lie: Zanganeh

Bijan Namdar Zanganeh has lashed out at the United States for claims that Iran’s import of medicine and other humanitarian goods are exempt from Washington’s unilateral sanctions.

Society Economy

France dangles $15b bailout for Iran in effort to save nuclear deal

A senior Iranian delegation arrived in Paris on Monday to work out the details of a financial bailout package that France’s president, Emmanuel Macron, intends to use to compensate Iran for oil sales lost to American sanctions. In return for the money, Iran would agree to return to compliance with a 2015 nuclear accord.


Iran could restore oil output to pre-sanctions level within three days: Minister

Iran would need three days to lift its oil production back to the level it was at before US sanctions were imposed, the semi-official Mehr news agency quoted Iranian Oil Minister Bijan Zanganeh as saying on Tuesday.