EghtesadOnline: If the US reimposes sanctions on Iran's oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will not be able to stop crude flows that returned to the market in 2015, according to sanctions expert Elizabeth Rosenberg.
EghtesadOnline: Iran will persist with exporting its oil to global customers, unfettered by Donald Trump’s intensifying offensive against the country, according to the Middle East nation’s state-run producer.
EghtesadOnline: Iran has earned over $23 billion from selling crude oil in roughly six months since the beginning of the present fiscal year in March, the Central Bank of Iran reported, indicating a strong recovery in Iran’s oil industry since last year’s lifting of sanctions.
EghtesadOnline: Iran’s oil exports, currently more than 2.6 million barrels per day (bpd) including gas condensate, will increase in the second half of the year amid a rise in production capacity, a senior official says.
EghtesadOnline: Since most western sanctions on Iran were lifted early last year, Tehran has endeavored to restore its oil exports to a pre-sanction level and attract foreign investments in its energy sector.
EghtesadOnline: Iran's oil exports to China may rise to the highest in 11 months in August, as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
EghtesadOnline: Iran's oil exports in July increased by 45,000 barrels per day (bpd) versus June, Reuters reported.
EghtesadOnline: Iran's oil exports rose by 45,000 barrels per day in July compared to the previous month, data released by the Ministry of Petroleum showed on Tuesday.
EghtesadOnline: Iran's oil exports to European buyers reached their post-sanctions highs in May, official figures show noting that Iran's Europe oil exports have also neared oil exports to Asian countries.
EghtesadOnline: South Korea’s crude oil imports from Iran increased 10.5% in June from a year earlier as Tehran continued to ramp up output after sanctions over its nuclear programme were lifted.