Iraq Displaces Iran as India Supplier

• Tuesday, 3rd February 2015
• by Egypt Oil & Gas

India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has replaced Iran with Iraq in its list of oil suppliers and has purchased its first cargo of Basra Light from Baghdad.

Eased Iran Sanctions Raise China Demand

• Monday, 26th January 2015
• by Egypt Oil & Gas

These were up early 30% last year and their highest average since 2011

IMF: oil prices to jump 30% on Iran sanctions

• Thursday, 19th April 2012
• by Egypt Oil & Gas

Oil prices will gain 30 percent on average in 2012 compared with a year earlier on possible supply disruption from Iran, the International Monetary Fund warned.

Obama Clears Way for Sanctions on Banks in Iran Oil Trade

• Sunday, 1st April 2012
• by Egypt Oil & Gas

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.