South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.
Read More »New US Decision not to Impact Chabahar Project
The US decision to end waivers for purchase of crude oil from Iran will not impact the Chabahar port project being developed by India. a US State Department official has told PTI news agency.
Read More »Iraq will Keep Importing Iran`s Gas. Power despite US Bans
Gas imports for the summer will temporarily increase to 35 million cubic meters per day.
Read More »China has not yet Asked for more Crude Oil from Saudi Arabia
Saudi Arabia’s April crude oil production was nearly steady with previous months.
Read More »Iraq Gas Production Set to Triple
The shift is driven by more favorable investment conditions in the Kurdistan Region of Iraq.
Read More »Iraq has Enough Oil Capacity to Meet Customer Needs
IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.
Read More »OPEC Decision to be Made After Reviewing Oil Prices
OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.
Read More »Turkey Rejects US Sanctions on Iran`s Oil
Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.
Read More »Japan Expects Little Impact from U.S. Scrapping Iran Oil Waivers
The United States reimposed sanctions on exports of Iranian oil last November.
Read More »Iran Sanctions Alarm Korean Petrochemical Sector
Condensate accounts for a majority of the crude oil from Iran.
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