US sanctions on Iran | Egypt Oil & Gas
Iran, India Hold Oil Trade Talks
Iran’s Foreign Minister Javad Zarif will discuss with his Indian counterpart on May 14 India’s decision to stop importing Iranian oil due to the renewed US sanctions on Tehran, Reuters reported. India was Iran’s... Sinopec, CNPC Halts Buying Iranian Oil
China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) has stopped purchasing Iranian oil in May, according to industry sources, Reuters reported. The decision of the two corpo...
Iraq to Sign Energy Agreement with ExxonMobil, PetroChina
Iraq is expected to sign a $53 billion energy agreement with ExxonMobil and PetroChina, Reuters reported. The mega-project involves developing the Nahr Bin Umar and Artawi oilfields to increase their production to 500... India Halts Buying Iranian Oil, Awaits US Decision
Indian refineries have postponed their May orders of Iranian oil, as they await the US decision on extending the waiver from sanctions imposed on Tehran, Reuters reported, citing four sources. “We don’t know about US ... 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, a State Department official said, Reuters reported. “While this waiver is intended to help Iraq mitigate energy shortag...
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, Zawya reported citing Reuters. The US ... 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, Reuters reported. Iran would... 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, Reuters reported. Iran started exporting its crude oil to the private traders since October an...
OPEC Expected to Agree Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December, sources told Reuters. OPEC members are apparently keen on cutting oil production by around...Page 1 of 1
