On May 8. US President Donald Trump announced his country'.s exit from Iran nuclear deal. saying Washington will reinstate the unilateral sanctions on Iran within 90 to 180 days.
Read More »India Oil Imports from Iran Rose to Highest Level since October 2016
Iran and the major world powers in 2015 signed the nuclear agreement. under which Tehran agreed to curb its nuclear program in exchange for economic sanctions relief.
Read More »India Turn to Traditional Suppliers to Meet Iran Oil Shortfall
IOC is Iran’s biggest Indian oil client.
Read More »Washington Threatens Sanctions for Nord Stream 2
Europe has been very active in showing its support for gas transit revenue dependent Ukraine.
Read More »Pertamina still in Talks over Oil Field Deal in Iran
The Iranian government has given Pertamina an early May deadline to seal a deal for developing Iran’s Mansouri oil field.
Read More »Pergas Enters the Game As French Total Warns Leave Iran
British Pergas seems to do little business in the United States. which potentially boosts its freedom to operate in Tehran.
Read More »The Iran Deal Dying. Made Europe and Iran Closer Than Ever
French energy giant Total this week announced it will pull out of a major gas project in Iran by this fall unless U.S. sanctions are waived.
Read More »Iran`s Oil Export Drop not Expected if EU Saves Nuclear Deal
U.S. President decision to quit a multinational nuclear deal would not affect Tehran’s oil exports if the EU could salvage the pact.
Read More »Yuan Oil Contracts to Strengthen China`s Currency Status
The share of yuan-backed crude oil contracts has soared to 12 percent of global trading since the US withdrawal from the Iran nuclear deal.
Read More »BP chief Sees Shale. OPEC Cooling Oil Markets
The surge in U.S. output has been offset by deep supply cuts for over a year by OPEC and other producers including Russia.
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