US sanctions on Iran

Japan’s Idemitsu Kosan Mulls Replacement for Iranian Oil

The Japanese oil refining company expects to deal with alternatives for Iranian crude oil supply due to the US sanctions.

Iran, India Hold Oil Trade Talks

India was the second biggest importer of Iranian oil after China before the US sanctions more than halved Iran's oil exports to 1 million barrels per day (b/d).

Sinopec, CNPC Halts Buying Iranian Oil

China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) has stopped purchasing Iranian oil in May.

Iraq to Sign Energy Agreement with ExxonMobil, PetroChina

Iraq is expected to sign a $53 billion energy agreement with ExxonMobil and PetroChina. The Iraqi Prime Minister Adel Abdul Mahdi denied any link between the mega-project and the US permission for Iraq to do busin ...

India Halts Buying Iranian Oil, Awaits US Decision

Indian refineries have postponed their May orders for Iranian oil, waiting for a decision on whether the US will extend their waiver from the sanctions.

Iraq Buys Iranian Oil Sanctions-Free for 90 Days

The US allowed Iraq to continue importing energy from Iran without sanctions for a 90-day waiver.

Iran to Increase Oil Income by $20 B

Iran plans to increase oil income by $20 billion, according to Iranian Oil Minister Bijan Zanganeh without specifying the targeted oilfields that will be used in the development.

Iran to Stand Against US Sanctions: Oil Minister

Iran will stand against US sanctions considering them “fully illegal”, Bijan Zanganeh, Iranian Oil Minister, said on January 10, announcing that Tehran would not comply with the sanctions

Iran Sells Oil to Non-governmental Traders

Iran announced on December 26 that it is not facing any problems in selling Iranian crude oil to non-governmental traders.

OPEC Expected to Agree Production Cuts

The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December.

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