US sanctions | Egypt Oil & Gas - Part 2
US Extends Iraq’s Waivers to Continue Importing from Iran
The US has extended the initial waiver given to Iraq to continue importing from Iran despite the sanctions for another 90 days, Oil Price reported. The waiver will allow Iraq to continue importing electricity from Ira...
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, industry sources said according to Reut...
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, Iraqi Prime Minister Adil Abdul-Mahdi announced on November ... 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, Reuters reported. “The United States has given Iraq a temporary relief from the sanctio...
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, two sources close to the discussion told Reuters on November 11. Th...
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, France’s Minister of Finance, Bruno Le Maire, said in ... 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, a US government official told Bloomberg. The waivers have been gran...
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, Reuters reports. Brent crude prices rose 80 cents to $76.71 per barrel while US light crude was u...
