Sanctions | Egypt Oil & Gas - Part 14
Russian Oil Company Begins Trading in Chinese Currency Amid Continued Sanctions
Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese curre...
Iran Public Sector to Expand PetroChems for Post-Sanctions Era
An Iranian deputy minister of petroleum says the country’s petrochemical production capacity will reach 180 million tonnes in next 10 years despite international sanctions imposed on Iran’s energy and financial ...
ExxonMobile Rejects Spurious Reports of Lobbying on Iran Sanctions
ExxonMobil has rejected as “inaccurate” media reports that it is lobbying the US government on Iran sanctions . “ExxonMobil is not lobbying on Iran sanctions,” said Ken Cohen, vice president of Public and ...
Iran: Only a Good Nuke Deal Will Do
An Iranian nuclear negotiator says the Islamic Republic seeks a “good” deal with the P5+1 countries over Iran’s nuclear program, stressing, however, that Tehran will not cave in to any excessive dema...
Iran’s New Oil Contract On Hold Till Nuke Issue Resolved
Iran suggested on Sunday that it will have to wait for the outcomes of the current nuclear talks with P5+1 before unveiling the new model of its oil sector contracts that it hopes would lure investors into its oil and...
Sanctions Backlog Holding Back Iran-India Petroleum Cooperation
India owes Iran $8.8 billion which is blocked in a bank account under the US-led sanctions regime, Government spokesman Mohammad Baqer Nobakht has said. The money has piled up as India keeps purchasing oil from Iran u...
Iran Welcomes Royal Dutch Shell’s Return Overtures
Managing Director of Iran’s Pars Oil Company says oil giant Shell has voiced interest to resume activities in the country’s energy sector. Hossein Vafaee said indirect talks have already started with Shell. The Irania...
Iran and US Trade Claims Over Oil Contracts, Meetings Claims
The US State Department says it cannot confirm a report that an American oil delegation plans to visit Tehran within the next few days to discuss business. State Department spokesman Jeff Rathke told reporters at a da...
