Iran | Egypt Oil & Gas - Part 17
Iran, Russia Ink Energy Cooperation MoU
Iran and Russia have signed a memorandum of understanding (MoU) to increase cooperation in the energy sector, according to SHANA news agency, Reuters reported. The Iranian Deputy Oil Ministry, Amir Zamaninia, has met ...
Two Oil Tankers Evacuated in Gulf of Oman
The United Kingdom Maritime Trade Operations (UKMTO) has warned of an unspecified incident that reportedly took place in the Gulf of Oman, urging extreme caution, Gulf News reports. Meanwhile, Bloomberg has reported t...
Iranian Oil Exports Decline to 400,000 b/d
Iranian crude oil exports have declined to around 400,000 barrels per day (b/d) in May, according to tanker data and industry sources, Reuters reported. The drop in exports has been mainly caused by the US re-imposing...
Saudi Arabia to Raise Oil Shipments to India
Saudi Arabia may increase its crude oil market share through the Indian market, especially after the US sanctions on Iran, TradeArabia reported. Saudi Aramco will ship an additional 2 million barrels per month to Indi...
Iraq Prepares for Halting Iranian Gas Imports
Iraq has a contingency strategy to deal with a potential shortage in natural gas supplies from Iran due to US sanctions, but hopes that such disruptions will not happen, according to Iraqi Oil Minister Thamer Ghadhban... Japan’s Idemitsu Kosan Mulls Replacement for Iranian Oil
Idemitsu Kosan Company expects to deal with other alternatives for crude oil supplied from Iran because of the US sanctions, according to an executive in the Japanese oil refining company, Reuters reported. Japan seek...
Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks. On Tuesday, May 14, two pump stations on the Saudi East-West pipeline, which transports oil from the Eastern Pr... Iran, India Hold Oil Trade Talks
Iran’s Foreign Minister Javad Zarif will discuss with his Indian counterpart on May 14 India’s decision to stop importing Iranian oil due to the renewed US sanctions on Tehran, Reuters reported. India was Iran’s... 
