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Category: Iran

Iran Boosts Oil Output At Oilfields Shared With Iraq

Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 barrels per day (bpd) from 70,000 bpd in…

Azerbaijan, Iran Discuss Construction of Hydroelectric Power Plant in Occupied Territories

The Government of the Republic of Azerbaijan and the Government of the Islamic Republic of Iran are working on cooperation in the field of electricity….

China Resumes Reporting Oil Imports From Iran In July

The latest Chinese Customs’ data show the country imported about 120,000 barrels of oil per day from Iran in July, worth a total of $134…

Iran’s Natural Gas Exports To Turkey Drop To Zero In Second Quarter

The Turkish Energy Market Regulatory Authority (EMRA) reports that in the second quarter of 2020, the country did not receive any natural gas from Iran….

Iran: Re-imposing U.N. Sanctions Will Have ‘’Dangerous Consequences’’

U.S. efforts to have the U.N sanctions on Iran reimposed will have “dangerous consequences,” Iran’s foreign minister Javad Zarif said in a letter to the…

Iran Claims Fuel Seized By U.S. Was Not Iranian…. But It Was

Iran insists that the fuel on the four tankers the United States seized in the Caribbean en route to Venezuela last week was no longer…

U.S. conducts largest-ever seizure of Iranian oil

WASHINGTON (Bloomberg) –The U.S. seized four tankers carrying Iranian oil bound for Venezuela in violation of sanctions, the Justice Department announced. The four tankers were…

Iran Expands Oil Production Capacity

Iran is taking a step that would seem counterintuitive in an environment of subdued demand for oil and oil products: it is boosting its oil…

Iran inks $460 million oil deal, anticipating an end to sanctions

Iran is expanding its oil-production capacity in anticipation that an eventual end of sanctions would allow it to wrest back its share of the global…

Iran Cuts Oil Production to Minimum in Forty Years

Iran has reduced oil production to a minimum over the past 40 years amid almost full storage facilities due to the consequences of the coronavirus…

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