Tag Archives: Iran

Saudi Arabia might be seeking to expand its oil production by building an oil port in Yemen’s al-Mahra governorate.

Iran is keen to keep its single biggest oil customer—China—when U.S. sanctions on Iranian oil exports kick in later this year.

Turkey imports 10 billion cubic meters of gas from Iran.

The second round of embargo will be reimposed in early November with the aim of curtailing Iran'.s oil exports and shipping sectors.

Such decision was due to Washington'.s announcement that it would impose sanctions on enterprises making business with this Islamic republic.

CNPC has now a 30 percent stake. while PetroPars holds the remaining 19.9 percent.

The two sides underlined the resolve of both sides to pursue the agreements reached during a joint commission meeting.

President Trump earlier this year announced the U.S. is re-imposing sanctions on Iran that will include Iranian oil sales.

Iran and China. along with Russia and Turkey. are drawing closer due to the intertwined issues of geopolitics and energy.

Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.