All eyes on Iran
Iran’s hydrocarbon could be on the verge of coming in from the economic wilderness writes Patricia L. Schouker, London-based foreign policy and energy analyst
Sanctions against Iran lifted
International sanctions on Iran have been lifted after the nuclear watchdog, the IAEA, confirmed that it had complied with a deal designed to prevent it developing nuclear weapons and brings about an end to an embargo on imports of Iranian oil.
Iran to pump 4 million bpd by March 2017
International sanctions had capped Iran’s oil exports to just 1 million barrels per day. However, since the lifting of sanctions earlier this year, Iran’s crude exports have risen sharply. Iran is now believed to be exporting around 2 million barrels of o......
Iranian crude exports to India hit 5 year high
July marked the second time in the last six months that India had imported more than 500,000 bpd of Iranian crude. According to a report Indian imports of Iranian oil have increased by 48 per cent in the first four months of this fiscal year, to average 4......
Iran would freeze production levels but only at 4 million bpd
Iran finds itself in a difficult position, as it looks to ramp up production levels after the removal of international sanctions this year. With the market already heavily oversupplied, OPEC is struggling to accommodate an increase in the number of Irania......
Iran signs major contracts with European firms
Iran has signed crude oil sale agreements some companies from Italy (Saras and Iplom), Spain (Repsol) and Greece (Hellenic Petroleum), and negotiations with other major oil companies are underway for crude oil sale.