Iran's Oil Export

Envoy hails Iran efforts for getting exemption from oil production cut

TEHRAN, Dec. 08 (MNA) – Iran’s permanent envoy to Vienna-based intl. organizations hailed the efforts and tenacity of the Iranian delegate at the OPEC meeting to exempt the country from production cut agreement.

India to import Iranian oil using rupee payment mechanism

TEHRAN, Dec. 07 (MNA) – India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran.

By: Mudasir Sheikh

Hypocrisy of US and its Mideast allies

TEHRAN, Dec. 07 (MNA) – There is no denying the fact that the US is using Saudi oil card to damage the oil-based economies of Russia, Iran, and Venezuela as they are unfailingly challenging Washington’s hegemony.

India signs MoU with Iran to pay for crude oil in rupees: report

TEHRAN, Dec. 06 (MNA) – India and Iran inked a memorandum of understanding on Thursday to ditch the US dollar in their bilateral trade.

Iran should freely sell its oil without any pressure: Oil min.

TEHRAN, Dec. 06 (MNA) – Iranian Oil Minister Bijan Zangeneh said Iran is not fine with the amount of oil it can export by the waivers provided by US to its old customers, saying the country should be able to sell its oil without any pressure.

Iran has found new customers for its oil: VP Jahangiri

TEHRAN, Dec. 05 (MNA) – First Vice President Es’hagh Jahangiri says Iran has found new customers and sold its oil to them, adding that "serious negotiations"for selling more oil to Russia and China and other Asian countries have started.

Out of OPEC, Qatar can start to market Iran's oil: Expert

TEHRAN, Dec. 05 (MNA) – After withdrawal from OPEC, Qatar can start to market Iranian oil to Asia and Europe, Sam Barden, director of the international trading and consulting company SBI Markets said on Tuesday.

Veep:

Iran to be managed well without reliance on oil revenues

TEHRAN, Dec. 04 (MNA) – First Vice President Es’hagh Jahangiri said that the country enjoys high capacities and can be administered well without relying upon oil revenues.

No oil exports from Persian Gulf if Iranian sales blocked: Rouhani

SHAHROUD, Dec. 04 (MNA) – Iranian President Hassan Rouhani addressed the United States that if it blocked Iranian oil exports, no country in the Persian Gulf would be able to export oil.

Zarif says Iran-EU trade mechanism will cover oil sales

TEHRAN, Dec. 04 (MNA) – Iranian Foreign Minister Zarif rejected Reuters’ speculations that the EU-Iran trade mechanism, aimed at bypassing US sanctions against Tehran, would not cover oil sales.

Nemati:

Iran’s oil sales predicted at 1.5mn bpd for $54 each in 2019

TEHRAN, Dec. 03 (MNA) – Spokesman for presiding board of the Iranian Parliament said Mon. that the government has estimated the sale of 1.5 million barrels of oil per day (bpd) for the next fiscal year (starting 21 Mar. 2019).

Iran envisages over 1 million bpd of oil exports for next fiscal

TEHRAN, Dec. 02 (MNA) – The spokesman for presiding board of the Parliament says Iran's crude exports are projected to exceed one million barrels per day (bpd) in the next fiscal year (starts on March 21, 2019).

Iran, S Korea working on mechanism for oil sales under US sanctions

TEHRAN, Dec. 01 (MNA) – The chairman of Iran-South Korea Chamber of Commerce said Sat. that Iran and South Korea are working on a mechanism to continue bilateral trade, including oil sales, in the face of US sanctions.

Japan set to resume Iranian oil imports

TEHRAN, Nov. 28 (MNA) – Japanese oil wholesalers are expected to resume crude oil imports from Iran by as early as the end of the year.

Significant 10% growth in edible oil production volume in eight months

TEHRAN, Nov. 28 (MNA) – Secretary of Iranian Vegetable Oil Industry Association Amir-Houshang Birashk said that edible oil production volume in the country in the eight months of the current Iranian calendar year in 1397 (March 21 – Nov. 21) recorded a significant 10 percent growth as compared to the last year’s corresponding period.

Zanganeh refuses to discuss oil sales due to US moves

TEHRAN, Nov. 28 (MNA) – Iranian Oil Minister Bijan Zanganeh refused to answer reporters’ questions about oil sales in the face of US sanctions, saying the information would be used by Washington against Tehran.

Regional markets favor Iranian nano socks

TEHRAN, Nov. 27 (MNA) – An Iranian company alone exports an annual volume of 14,000 pairs of nano silver socks to neighboring countries, such as Pakistan and Azerbaijan, according to Iran Nanotechnology Innovation Council.

'US forced to exempt 8 Iran oil buyers from sanctions'

TEHRAN, Nov. 19 (MNA) – The policies adopted by Iran and its Petroleum Ministry forced Washington to issue exemptions to 8 of Iran’s oil buyers, said Iran’s deputy petroleum minister for international affairs and trade.

Iran cabinet discusses budget bill for next fiscal year

TEHRAN, Nov. 18 (MNA) – The Council of Ministers convened on Sunday evening at a session that was chaired by President Hassan Rouhani and discussed the year 1398 budget bill (21 Mar., 2019 - 20 Feb., 2020).

Trump's Iran sanctions aren't working as planned: report

TEHRAN, Nov. 18 (MNA) – The Trump administration's strategy of maximum pressure on Iran hasn't achieved its intended impact, said a report on Saturday.

Rouhani:

Iran responded to US hawkishness by continuing to sell its oil

TEHRAN, Nov. 14 (MNA) – President Hassan Rouhani said Iran responded very well to the US’ threats by continuing to sell its oil.

Iran’s UK envoy:

Iran has enough leverage to continue oil exports

TEHRAN, Nov. 14 (MNA) – In an interview with CNN, Iranian Ambassador to London, Hamid Baeidinejad, said Iran now has a lot of alternatives to sell its oil seeing that other countries are not willing to comply with the US’ demands as they used to be in the past.

Japan after appropriate solutions to continue Iranian crude import: envoy

TEHRAN, Nov. 14 (MNA) – Japanese ambassador to Tehran Mitsugu Saito Tokyo is after arriving at appropriate solutions for the continuation of crude oil imports from Iran.

Admiral Mousavi:

Iran ready to protect tankers against US threats

TEHRAN, Nov. 12 (MNA) – Iran Army Operations Deputy Officer reassured on Mon. that Iranian trade vessels and oil tankers on international waters will be protected against US threats.

0.7mb of crude oil traded at IRENEX

TEHRAN, Nov. 11 (MNA) – A total of 700,000 barrels of crude oil was traded at the Iran Energy Exchange (IRENEX) during the Sunday session of the market.