The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east.
A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to export crude, the International Energy Agency (IEA) said on Thursday.
The United States and the European Union have imp
The United States is preparing a new round of economic sanctions against Russia for its incursion into Ukraine, a senior White House official said on Thursday on the fringes of a Nato summit in Wales.
Deputy White House national s
Iranian Oil Minister Bijan Zanganeh said Tehran would continue to bypass sanctions after the US penalised a number of companies for violating sanctions imposed on Iran, mostly in connection with its nuclear programme.
On Friday, the US
Iran hopes to boost its oil refining capacity to 3 million barrels per day by 2018 from 1.9 million now with the opening of new refineries as the Opec member seeks to reduce its dependency on imports of oil products, Iranian media reported.
The US demanded Moscow remove an aid convoy it sent into rebel-held eastern Ukraine without permission on Friday, accusing Russia of a flagrant violation of the sovereignty of its former Soviet neighbour and threatening more sanctions.
Qatar has refused to sign a final report by a GCC committee monitoring the implementation of a Riyadh agreement on ending diplomatic dispute between Doha and other member states, a senior Gulf diplomat said yesterday.
He told Asha
Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported on Monday.
Iran's Oil Minister Bijan Zanganah has boldly suggested that production could be boosted by 700,000 barrels per day within two months of sanctions being lifted. Yet there is growing consensus that this is exceptionally optimistic, a report s
Companies even partly owned by individuals sanctioned by the US government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department.
Treasury, which is responsible for applying a