US sanctions | Egypt Oil & Gas - Part 3

Iran to Offer Oil for Export on the Stock Exchange

Iran will offer 1 million barrels of oil destined for export on the stock exchange, possibly by as soon as next week, head of the state-run National Iranian Oil Company (NIOC) said.

ENOC Stockpiles Jet Fuel Ahead of Iran Sanction Deadline

Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take ...

OPEC-led Group Able to Cover Supply Shortage: Russian Energy Minister

Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.

Iran to Move Main Oil Export Terminal to Gulf of Oman

Iran is planning to move its primary export terminal from the Arabian Gulf to the Gulf of Oman to avoid using the strategic Strait of Hormuz, President Hassan Rouhani stated in a televised speech on September 4.

Iran Sanctions: Japan May Halt Crude Imports from October

Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.

Iran Sanctions: Hellenic Petroleum Suspends Purchases of Iranian Crude

Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30.

Iran To Sell Oil to Asia at Discount

Iran plans to sell discounted oil to the Asian market as a way to mitigate losses caused by US sanctions on the country.

Britain’s Quercus Pulls Out of Iranian Solar Plant Deal

British renewable energies investment company Quercus announced it will stop building a $570 million solar power plant in Iran due to the recently imposed sanctions on the Islamic Republic.

India’s Reliance Industries to Stop Iran Oil Imports

Reliance Industries Limited (RIL) announced that it will stop importing Iranian crude from November to comply with US sanctions on the Islamic Republic.

Turkey Vows to Keep Buying Iranian Oil Despite US Sanctions

Turkey has rejected US pleas to curtail crude imports from Iran, telling US officials that it is under no obligation to implement Washington's sanctions regime against Tehran.

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