Iran's sales of crude oil will reach 2 million barrels a day "soon", the economy minister was quoted as saying on Monday, as the Islamic Republic boosts output after sanctions were lifted in January.
Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.
Iraqi Kurdistan has sold 34.5 million barrels of oil worth almost $3 billion since January, the Kurdistan Regional Government said, despite opposition from the federal government to independent oil sales from the region.
The KRG s
Iraqi Kurdistan has delivered its third major cargo of crude oil out of a Turkish port and a fourth is sailing to Croatia, showing the autonomous region is finding more buyers despite legal pressure from Baghdad and setbacks in the US.
The European Union is looking into how it could tighten sanctions to stop Islamic State militants from selling oil from fields they have overrun in Syria, a European diplomat said on Wednesday.
The issue could come up at an emerge
A team of UN inspectors arrived in Tehran on Monday for talks on Iran's disputed nuclear programme, a day after the Islamic Republic ordered a halt to its oil sales to British and French companies in apparent retaliation for tightening EU sanc
Iran should halt all oil sales to the European Union immediately to disrupt EU plans for an embargo in six months' time, a senior Iranian politician said on Monday.
Ali Fallahian was responding to the European Union's decision earlier in t
Syria plans to sell the oil European customers cannot take under a new EU import ban to Russia or China and will be unharmed by western sanctions as long as its own energy needs are met, Syria's finance minister said on Wednesday.
Iran has made a huge profit from its policy of increasing its sales of oil for currencies other than the US dollar, Central Bank Governor Mahmoud Bahmani was quoted as saying on Tuesday.
The comment came after Britain's The Independent new
Sales from each of the Middle East's four largest producers -- Saudi Arabia, Iran, the UAE and Kuwait -- fell in the second quarter from the first, even as Opec kept output cuts in place while refiners cut runs.
Exports from the UAE to