Tag Archives: National Iranian Oil Co. (NIOC)

The July program takes Iran exports so far this year to 3.71 million mt. according to shipping fixtures.

Italy’s Eni Company is the winner of 39 oil wells in Iraqi Basra and Zubayr regions.

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

The U.S. wants to cut Iran’s oil export.

The renewed US sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program.

China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .

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

PGPIC and Maroon Petrochemical Company would sign the deals separately with NIOC.

Washington'.s European partners have repeatedly stated that they intended to continue to observe the terms of the deal with Iran.

The limits will go into effect as the U.S. prepares to reimpose sanctions on Iran beginning Nov. 4.