Iran determined to boost oil exports despite sanctions: Oji

TEHRAN – Iranian Oil Minister Javad Oji has said the Islamic Republic is determined to increase its oil exports despite the U.S. sanctions on the country’s oil industry, adding that the use of oil sanctions as a "political tool" would harm the market.

Iran starts oil export from Jask terminal

TEHRAN- Iran started pumping oil into Goreh-Jask strategic pipeline on Thursday. The project was officially inaugurated by a direct order from President Hassan Rouhani via videoconference.

Post-sanction Iran able to boost oil output to 6m bpd: Lukoil

TEHRAN - Vice President of Russia’s giant Lukoil Company has said Iran is able to quickly boost its oil output to six million barrels per day (bpd) if the U.S. sanctions are lifted, Russian state-owned Tass reported.

Iran will return to oil market as soon as sanctions are lifted: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has said Iran is ready to return to the oil market as soon as the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) is revived and the U.S. sanctions are lifted, Shana reported.

Japan ready to resume oil imports from Iran if sanctions lifted

TEHRAN – President of Petroleum Association of Japan has said his country’s refiners could resume oil imports from Iran as early as three months after the U.S. sanctions on Iran are lifted, Platts reported.

Iran preparing for a strong comeback to oil market

TEHRAN - Iran is gradually boosting crude oil production to get ready for a strong comeback into the global market as the talks with world powers over the 2015 nuclear deal show signs of progress.

Iran ready to raise oil exports to 2.5m bpd post sanctions

TEHRAN – Iran’s First Vice-President Eshaq Jahangiri has said the country is able to increase its oil exports up to 2.5 million barrels per day (bpd) once the U.S. sanctions are lifted.

‘India will resume Iran’s oil imports if sanctions eased’

TEHRAN- The chairman of state-run Hindustan Petroleum Corp said that the Indian refiners will resume imports of Iranian oil if the United States eases sanctions against Tehran, Reuters reported.

Iran's oil exports rising in Jan. despite sanctions: trackers

TEHRAN- Iranian oil exports are climbing in January after a boost in the fourth quarter despite U.S. sanctions, Reuters reported based on figures from SVB International and two other firms.

India hopes to export more oil from Iran under U.S. new administration

TEHRAN- Indian Oil Minister Dharmendra Pradhan has said that his country hopes to boost its oil imports from Iran under the U.S. new administration.

U.S. sanctions 121 ships linked to Iran's IRISL; little oil market impact expected

The U.S. Treasury Department on June 8 designated 121 tankers, container ships and other vessels owned or tied to Iranian shipper IRISL for additional secondary sanctions, but the action is expected to have limited impact on crude and oil product markets, Platts reported.

China shipped in over 295,000 bpd of Iranian oil in 2019: customs

TEHRAN – China imported 295,400 barrels per day (bpd) of Iranian crude oil on average during 2019, despite U.S. pressure to wipe out oil exports from Iran to the country, IRNA reported, citing Chinese customs data. 

SP phase 14 to go on stream next Iranian year: Zanganeh

TEHRAN - Phase 14 of South Pars gas field (in the Persian Gulf) is going to come on stream in the upcoming Iranian calendar year of 1399 (starts on March 20, 2020), Shana reported, quoting Iranian Oil Minister Bijan Namdar Zanganeh as saying on Monday.

BY: Ebrahim Fallahi

U.S. allies in Asia paying the price for Iran sanctions

TEHRAN – As one of the world’s top oil producers, Iran for long has been among the major crude suppliers to Asia and due to its high quality reserves which are significantly low in sulfur, many Asian refineries are designed to solely process various grades of Iranian crude oil and gas condensate.

Iran to take all necessary measures to keep oil exports afloat: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil, stressing that exporting crude was the country’s legitimate right.

Escalating U.S.-China trade war, a blessing in disguise for Iran’s oil industry?!

TEHRAN – The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.

U.S. sanctions on Iran’s oil industry hurting India: envoy

TEHRAN - Indian Ambassador to the U.S. Harsh Vardhan Shringla said the U.S. decision on ending waivers for the purchase of Iranian oil is hurting India's economy, Sputnik reported.

By Ebrahim Fallahi

Have Iranian oil exports really fallen to 100,000 bpd?

TEHRAN - Recently some reports have been published by ship tracking companies and industry sources regarding Iranian oil exports in July which have put the county’s shipments at near 100,000 barrels per day (bpd) in the mentioned month.

China still ships in Iranian oil despite U.S.’s tougher stance: report

TEHRAN – China is still importing oil from Iran despite the U.S.’s reimposition of the sanctions on the country, Bloomberg reported on Friday citing official customs data. The Asian country imported 855,638 tons (about 209,000 barrels per day) of crude oil from Iran in June.

IRENEX to hold 5th round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

‘Foreign buyers eager to purchase Iranian oil offered at IRENEX’

TEHRAN – National Iranian Oil Company (NIOC)’s representative in Iran energy Exchange (IRENEX) said foreign buyers have expressed willingness for purchasing Iranian oil offered at this exchange market, IRNA reported on Sunday.

IRENEX to hold 4th round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

Oil loadings from Iranian ports ongoing as before: PMO

TEHRAN – Deputy director of Iran’s Ports and Maritime Organization (PMO) said crude oil loadings and exports from the country’s ports has not been halted and the exports are ongoing just like before, ILNA reported on Saturday.

Iran offers petrochemicals, naphtha at IRENEX

TEHRAN – Iran has offered a variety of petrochemical products as well as 5,000 tons of light naphtha at the country’s Energy Stock Market (IRENEX), Fars news agency reported.

Cutting Iranian oil supplies to cost Japanese refiner nearly $1m per month

TEHRAN – The President of Japan’s Fuji Oil Company said replacing Iranian oil supplies is going to cost the company an extra 100 million yen ($911,000) each month, Reuters reported.

Iran all set to sell oil in a ‘gray market’

TEHRAN – Iran is mobilizing all its resources to sell its oil in a gray market, countering unjust and illegitimate U.S. sanctions, IRNA quoted Deputy Oil Minister Amir-Hossein Zamaninia as saying on Sunday.