Iranian crude sales fall

Iran's crude sales dived to just 800,000 barrels per day in July, due to Western sanctions, but are likely to have bounced back last month, according to a senior Iranian legislator.

Egypt Has No Objection to Importing Iranian Oil

Egypt has ''no objection'' to importing and refining Iranian oil, the state-run Al-Ahram reported, citing Oil Minister Osama Kamal.

China to Invest $20M in Iranian Oil Fields

A Chinese firm will invest 20 billion dollars in the development of Iran's Azadegan and Yadavaran oil fields, Oil Minister Rostam Qassemi said.

South Korea to suspend imports of Iranian oil after EU ban

South Korea said Tuesday that it will halt all Iranian oil imports from the start of July in response to a European Union insurance ban on tankers carrying crude from Iran.

Iran oil exports to Germany halted: reports

Iranian oil exports to Germany have stopped and imports of EU products have been reduced as the European Union moves towards a total embargo on Iranian oil, Iranian media reported on Wednesday.

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