Tag Archives: Exchange

ADNOC is weighing the possibility of dropping restrictions on destinations for all its crude oil.

The European Commission says Turkey has been drifting further away from the prospect of eventual EU membership.

One of the main strategies that Iran chose to execute to help its oil exports afloat has been trying new ways to diversify the mechanism of oil sales.

Iran has warned its next step in reducing commitments under the 2015 nuclear deal will be stronger. with a senior nuclear official saying that 20% uranium enrichment is an option.

The oil market is caught in a bind and does not know which way to go or trend.

Indian Ambassador to Tehran Gaddam Dharmendra said that Iran’s Southeastern port city of Chabahar is of prime importance to New Delhi. adding that the two countries increase their trade in the last year by 30%.

The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 9.

Even if Iran’s oil exports is driven to zero. non-oil exports can compensate financing currency requirements of the country.

Iran could continue enrichment to the levels that it needs for fueling its power plants.

Iranian Minister of Industry. Mine and Trade Reza Rahmani said. after a visit to Pakistan. that Islamabad is enthusiastic about developing economic. bilateral. and commercial ties with Tehran.