Tuesday 1 September 2015
 
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Iran oil

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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China, India plan Iran oil cuts of 10pc

China, India and Japan are planning cuts of at least 10 percent in Iranian crude imports as tightening US sanctions make it difficult for the top Asian buyers to keep doing business with the Opec producer. The countries together buy about

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Russia rejects EU plan to ban Iran oil

Banning Iranian oil sales would be a political move and Russia does not believe energy supplies should be used to exert pressure, Russia's energy minister said on Wednesday. European Energy Commissioner Guenther Oettinger said on Tuesd

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Iran sees oil, gas reserves balloon

Iran's oil and gas reserves rose by half a billion barrels and 5 trillion cu ft respectively with the discovery of new onshore oil and gas fields in the south and west of the country, an Iranian daily quoted a senior oil official as sayin

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