Wednesday 27 July 2016
 
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Iran oil

Asia's Iran oil imports rise 13pc in April

Asian imports of Iranian oil in April rose by more than 13 percent from a year ago as Tehran vies to recoup market share lost under international sanctions, with shipments into India and South Korea offsetting a big slump in purchases by Japan.

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Iran's new oil contract to be ready by July

Iran's new oil industry investment contract for international oil firms will be ready by July, a senior Oil Ministry official was quoted as saying on Thursday by Iranian state TV. "The new contracts will be ready in June,

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Leave us alone till we reach 4mbpd: Iran

Oil Minister Bijan Zanganeh said Iran would join discussions between other producers about a possible freeze of oil production after its own output reached four million barrels per day (bpd), Iran's Isna news agency reported on Sunday.

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Iran vows to reclaim oil export share

Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the Opec member are lifted, Iran's Oil Minister Bijan Zanganeh said on Tuesday. "After lifting sanction

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Iran needs $100bn to revamp oil industry

Iran needs around $100 billion to bring its oil industry back to the level it was five years ago, the country's Industry Minister Mohammad Reza Nematzadeh told Austrian newspaper Wiener Zeitung in an interview published on Thursday.

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More Iran oil post-sanctions may hurt Iraq

A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. The latest twist to the saga of aggressive marketin

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Iran seeks oil deal tips from Iraq

Iran has asked Iraq for guidance on drafting oil development contracts, Iraq's top oil official said yesterday, another sign Tehran is working to lure foreign investors once sanctions are lifted. Iran is preparing a new invest

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Easing of insurance curbs may help Iran oil sales

Iran's nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian customers.

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More, cheaper oil softens Iran sanctions impact

Rising global crude supplies and falling prices will cushion the impact on the global economy of unprecedented Western sanctions aimed at curbing Iran's nuclear programme, energy industry expert Daniel Yergin said. Benchmark Brent crude tr

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Japan near deal with US on Iran oil

Japan and the United States are close to an agreement on cuts in Japanese imports of Iranian oil that will allow Tokyo to avoid US sanctions, and may conclude a deal this month, Japanese Foreign Minister Koichiro Gemba told Reuters on Monday. 

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