Iranian oil | Egypt Oil & Gas

India Resumes Iranian Oil Imports After 5-Year Halt Amid Supply Disruptions

India has resumed buying oil from Iran for the first time in nearly five years, as ongoing tensions in the Middle East continue to disrupt supplies, especially through the Strait of Hormuz, Reuters reported. The oil m...

Construction of Goreh-Jask Oil Pipeline Underway

The National Iranian Oil Company (NIOC) has confirmed that all facilities have been implemented to accelerate the finish date of the Goreh-Jask oil pipeline, according to a press release. This increased activity signi...

Greece, Italy Halt Buying Iranian Oil

Iran criticized Greece and Italy for not buying Iranian oil without giving any explanations despite US waivers , according to the Iran’s Oil Minister Bijan Zanganeh, Reuters reported. “Greece and Italy have been grant...

Iran to Increase Oil Income by $20 B

Iran plans to increase oil income by $20 billion, according to Iranian Oil Minister Bijan Zanganeh without specifying the targeted oilfields that will be used in the development, Zawya reported citing Reuters. The US ...

Oil Prices Increase Before US Sanctions Against Iran

Oil prices increased by 1% on October 31, a week before US sanctions are introduced against Iran’s energy sector, Reuters reports. Brent crude prices rose 80 cents to $76.71 per barrel while US light crude was u...

Egypt will Not Import Oil from Iran

The Egyptian Ministry of Petroleum Spokesperson, Hamdi Abdel Aziz, stated to Egypt Oil&Gas that Egypt is not in negotiations with Iran on crude oil imports. Abdel Aziz confirmed that the agreement with Saudi Aramc...

Iranian Crude Exports to Asia Expected to Increase

Iranian crude export to the Asian markets in February jumped by about 25% from a year earlier to levels last seen in 2014, as latest market figures show, according to Press TV. The rise came as shipments into India an...

Australia joins EU in banning Iranian oil imports

Australia has joined the EU in banning imports of Iranian oil and imposing a range of heavy sanctions amid threats of retaliatory military action by Tehran. Foreign Minister Kevin Rudd said the Australian government w...

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