Tag Archives: Sanctions

14 petrochemical projects have been inaugurated since 2013. and six more projects will be inaugurated next year.

Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.

Resource-pour Japan relies heavily on imports of oil from the Middle East.

France is an important partner of Iran and that Iran has good relations with the European Union members.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

The October OSPs will also mark the first change in Saudi’s crude price benchmarks since the mid-1980s.

The biggest increase in supplies this month has come from Libya. whose output remains volatile due to unrest.

The US threat to go after foreign businesses in Iran has been harshly criticized in Europe.

Sale of the oil from the reserve was mandated by previous laws to fund the federal government and to fund a drug program.

Tokyo has asked Washington to exempt Japan from the embargo.