Oil Spikes as Trump Exits Iran Deal
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.
Sanctions | Egypt Oil & Gas - Part 4
South Korean Imports from Iran Fall in March
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
Indian company Essar Oil has paid $2.5 billion in debt to Iran.
Iran, Total to Finalize $2b Gas Contract
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
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
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
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
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
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.
