Iran | Egypt Oil & Gas - Part 95

Obama Clears Way for Sanctions on Banks in Iran Oil Trade

U.S. President Barack Obama cleared the way for sanctions aimed at banks in countries that import Iranian oil, the latest U.S. step to ratchet up pressure on the government in Tehran over its nuclear program.

Iran discovers huge oil field in a southern province

Iran has discovered one of its biggest oil fields with high quality crude in a southern province, the semi-official Mehr news agency quoted an official as saying on Saturday.

Iran, South Africa to circumvent sanctions in oil trade

Iran and South Africa held talks in Tehran on Saturday to explore ways to circumvent the western sanctions on oil trade with the Islamic Republic, Mehr news agency reported.

Oil Trades Near Nine-Month High After Iran Denies Access to UN Inspectors

Oil traded near a nine-month high after United Nations inspectors in Iran were denied access to a suspected nuclear site, raising concern that tensions between OPEC's second-biggest producer and Western nations may e ...

Iran stops oil sales to British, French companies

Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state's lifeblood, oil.

Turkey sticks with Iran oil after Saudi talks

Turkey has no plans to cut its imports of Iranian oil, remaining a rare loyal customer of Tehran despite rising pressure from international sanctions and initial signals it may buy more Saudi oil, Turkish and Saudi s ...

Iran Parliament Drafts Law to Ban Oil Sales to Europe

Iran's parliament drafted legislation calling for the government to halt oil exports to Europe until the European Union cancels its planned ban on the country's crude, Fars news agency reported, citing a lawmaker.

Iran Says It May Cut Off Its Oil Exports to Europe

Iran struck a combative tone Thursday in its confrontation with the West over the nuclear issue, threatening to terminate oil exports to European nations even before their embargo takes effect this summer.

EU bans Iranian oil, Tehran responds with threats

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development pro ...

Oil Advances for First Day in Four on Iranian Dispute, Euro Debt Meeting

Oil rose in New York for the first time in four days on growing concern that the dispute between Iran and western governments may lead to a disruption in Middle East crude exports.

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