Tag Archives: Donald Trump

The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.

Iran and the Group 5+1 on July 14. 2015. reached a conclusion over the text of the JCPOA.

Iran’s Minister of Industry Reza Rahmani announced that his country is planning to lower the imports of machinery and equipment used in major production lines. in a bid to further indigenize manufacturing capabilities in the face of the US sanctions.

Iranian Interior Minister Abdolreza Rahmani Fazli criticized the European countries for not following through with their economic commitments to Tehran.

Iranian Oil Minister Bijan Zanganeh said that US sanctions have failed to stop Iran’s oil industry.

The Plan and Budget Organization of Iran (PBO) announced that the country’s non-oil exports. including petrochemicals and condensates. exceeded $44 billion in the year ending March 2019. posting a 5.9% rise in comparison with figures from 2013.

Reza Ardakanian said that his country’s membership in the Eurasian Economic Union (EAEU) has brought in many advantage for Tehran. including tariff exemptions on 850 items of goods.

Belal. a field shared with Qatar. straddles the maritime boundary between Iran and Qatar in the Gulf.

Iran'.s crude exports and production have plummeted because of the sanctions.

At 416.1 million barrels. U.S. crude oil inventories were at their lowest since October 2018.