US sanctions | Egypt Oil & Gas

Iran Converts 2 mmbbl of Petroleum Products Daily

Iran’s refineries have the capacity to turn two million barrels of crude oil (mmbbl) into petroleum products daily.

Iran’s Natural Gas Production Rises 3.5% YOY

Mohammad Asgari, a spokesman at National Iranian Gas Company (NIGC), announced that Iran’s natural gas production currently stands at 674 million cubic metres (mcm), a 3.5% increase compared with this time last ye ...

Iran Restores Stability Amid Fuel Prices Hike

Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.

Iranian Oil Exports Fall to 300,000 b/d in June

Iran’s exports of crude oil have further declined to 300,000 barrels per day (b/d) or even less in June, down from 400,000-500,000 b/d a month earlier.

India’s Imports from Iran Drop by 57% YOY in April

India has shipped around 277,600 barrels per day (b/d) in April, dropping by 31.5% from March.

US Extends Iraq’s Waivers to Continue Importing from Iran

The waiver will allow Iraq to continue importing electricity from Iran as the main Iraqi power plants depend on Iranian natural gas. Besides, Baghdad’s power generation is not enough to ensure domestic supply.

Iraq to Restart Oil Exports from Kirkuk

Iraq has restarted exporting oil from Kirkuk after being interrupted for a year due to conflicts between the central government in Baghdad and the Kurdistan Regional Government.

Iraq Forms Committee to Discuss Resumption of Kirkut Oil Exports

A newly-formed committee of experts are due to visit the Iraqi parliament to address the resumption of oil exports from Kirkuk through the Kurdistan region.

US Grants Iraq 45-Day Waiver for Iran Imports

The US has granted Iraq a 45-day waiver from its sanctions on Iran in order to import natural gas and electricity supplies.

OPEC Mulling 1M b/d Oil Output Cut

Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies.

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