EghtesadOnline: South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
EghtesadOnline: Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil, at reduced levels, as New Delhi has put forward a strong case to Washington that it will not be able to afford zero Iranian crude, delegates attending a three-day petroleum conference in New Delhi said.
EghtesadOnline: India’s Hindustan Petroleum Corporation Limited could buy 0.9 million tons of Iran oil in its 2018/19 financial year, said Vinod S Shenoy, the company’s director of refineries.
EghtesadOnline: Governor of the Central Bank of Iran said at the weekend Japan has resumed importing Iranian oil after China, South Korea, India and Turkey.
EghtesadOnline: Japanese oil companies will stop importing oil from Iran after the US reinstates sanctions on the country.
EghtesadOnline: Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
EghtesadOnline: The United States is prepared to impose sanctions on all countries that continue to buy Iran's oil, including China, after Washington starts reimposing bans on Iran’s energy sector. The announcement was made on Thursday by Brian Hook, the head of US State Department's newly-established Iran Action Group, after he was asked by reporters about the group’s plan for dealing with China, the National Iranian Oil Company's website reported.
EghtesadOnline: Japanese energy supply should not be affected by US sanctions on Iran, Japan's Minister of Economy, Trade and Industry Hiroshige Seko said in a news conference on Tuesday.
EghtesadOnline: In recent months, India and China purchased more than 600,000 bpd apiece from Iran. Together, that amounts to about 60% of Iran’s oil exports, which makes them hugely important to the efficacy of US sanctions.
EghtesadOnline: South Korea’s imports of Iranian oil fell 40.3% in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the reimposition of US sanctions targeting Iran.