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The governments of Iran and Oman signed an agreement in 2013 for the construction of the 400-kilometre pipeline.
Read More »Oman Continue Iran Gas Pipeline
India to Go Back to Payment in Rupees
India imports around 10% of its crude oil requirement from Iran.
Read More »Iran doesn’t Believe Oil Customers to Get Sanctions Waivers
The request to halt Japanese imports signals a tougher stance than in 2012.
Read More »OPEC Members Increase Oil Production to Cool Down Rising Prices
The major producers appear to have consumers’ interests in mind more than they have in the past.
Read More »US Sanctions have no Effect on Iran-Iraq Oil Swap
Iran started swapping oil with Iraq’s Kirkuk on June 3.
Read More »Oil Rose to $74.84 per Barrel as OPEC Agrees to Increase Output
OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.
Read More »Win-Win Deal for Russia & Saudi Arabia
Iran. OPEC’s third-largest producer. was against the agreement at first since the country is facing export-crippling US sanctions.
Read More »OPEC Meet in Vienna Today
The 14-nation OPEC cartel and its 10 non-member partner nations. known as OPEC+. together account for more than 50 percent of the world'.s oil supply.
Read More »OPEC Reaches a Deal to Hike Output
Saudi'.s Falih suggested negotiations will take place between countries with spare capacity to increase production and those unable to do so.
Read More »Japan could End Iran Oil Loading from Oct without Exemption from U.S. Sanctions
In the wake of the last sanctions on Iran. financial institutions became very conservative.
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