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 sanctions | Egypt Oil & Gas - Part 2
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.
EU to Create SPV to Evade Iran Sanctions: French Minister
France will push to create the necessary mechanisms to allow EU countries to maintain trade with Iran following the re-introduction of US sanctions on November 5.
US to Give Eight Nations Oil Waivers for Iran Sanctions
The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.
Oil Prices Increase Before US Sanctions Against Iran
Oil prices increased by 1% on October 31, a week before US sanctions are introduced against Iran's energy sector.
Hyundai E&C Cancels $521M Iranian Petrochemicals Deal
South Korean Hyundai Engineering & Construction announced it has cancelled a $521 million agreement to build a petrochemicals complex in Iran.
