Tag Archives: Iran

Iraq is the second-largest importer of Iranian non-hydrocarbon products.

In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.

Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion.

In the short term. supply is not seriously impacted. given that Saudi Arabia. Russia ramped up their oil production.

The United States hasn'.t been able to persuade China—Iran’s biggest oil customer—to reduce Iranian oil purchases.

In May. Trump announced that his country would unilaterally withdraw from the JCPOA deal.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

India. like Turkey. has previously said it only complies with sanctions imposed by the United Nations. not those issued by individual nations.

In 2017. Japan met 5.3 percent of its oil demand with imports from Middle Eastern nations.

Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.