Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets

• Thursday, 10th May 2018
• by Editorial Team

Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...

Oil Spikes as Trump Exits Iran Deal

• Wednesday, 9th May 2018
• by Editorial Team

Oil prices rose more than 2% on May 9, after President Donald Trump announced the US withdrawal from the Iran nuclear deal and a reimposition of the "highest level" of sanctions on Tehran.

South Korean Imports from Iran Fall in March

• Tuesday, 17th April 2018
• by Editorial Team

South Korean imports of Iranian crude oil dropped by 39.3% year-on-year (Y.o.Y) in March 2018, the county’s customs data showed.

Essar Oil Pays $2.5B in Debt to Iran

• Tuesday, 17th April 2018
• by Editorial Team

Indian company Essar Oil has paid $2.5 billion in debt to Iran.

Iran, Total to Finalize $2b Gas Contract

• Thursday, 23rd February 2017
• by Editorial Team

Iran and French energy giant Total will finalize a $2b gas contract in April, according to Iranian Oil Minister, Bijan Namdar Zanganeh.

Total Mulls $2b Investment in Iranian Gas Fields

• Thursday, 9th February 2017
• by Editorial Team

French oil major Total plans to make a final investment decision (FID) on a $2b gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers.

US Firms Out of Iran’s Oil Tenders

• Monday, 6th February 2017
• by Editorial Team

US companies stand no chance in participating in bidding for Iran’s oil fields, which the country plans to develop with international help, as American sanctions make such activities impossible.

US Lifted Some Oil Sanctions off Sudan

• Sunday, 15th January 2017
• by Editorial Team

The US government has eased sanctions against Sudan. The current decision lifts restrictions on petroleum and petrochemical industries, including oilfield services and oil and gas pipeline transactions by Americans.

Iran Plans to Seal Long-Term Oil Sales with Europe

• Wednesday, 10th August 2016
• by Egypt Oil & Gas

Director for International Affairs of NIOC said that Iran is working on a program that helps convert its spot oil purchase contracts with European partners into long-term agreements.

Japan to Invest $10b in Iran

• Sunday, 31st July 2016
• by Egypt Oil & Gas

Japan and Iran have signed a bilateral agreement for $10b debt guarantee investments in various sectors in the country, after Tokyo lifted trade sanctions against Tehran.