Iran Prepares To Export LNG To Boost Trade Relations
Iran could ship its first export-bound cargo of LNG at the end of 2018, BMI Research said , after a JV between Iran’s Kharg Gas Refining Co. and Helma Vantage Continue Reading
U.S. Seeks to Bolster Saudi Arabia in Face of Expanding Iranian Threat
The Trump administration is looking at ways to quickly strengthen Saudi Arabia’s missile defenses and disrupt the flow of advanced Iranian-made weapons across the Middle East as concerns grow over Continue Reading
Iran reports strong gains in tax revenue from oil sales
Tax revenue generated from the sale of crude oil and oil products increased more than 80 percent from last year, the Central Bank of Iran reported Wednesday. The bank reported Continue Reading
Oil Seen As Real Prize of Iran’s Kurdish Adventure
After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region’s giant Kirkuk field, with the first deliveries Continue Reading
Iran Denies Involvement In Bahrain Oil Pipeline Blast
Tehran has denied that it had anything to do with the blow-up of Bahrain’s biggest oil pipeline that carries crude from Saudi Arabia. In a statement carried by media, the Continue Reading
Total chief says would have to review Iran gas deal if new sanctions arose
French oil and gas major Total would have to review its Iran gas project if the United States decided to impose unilateral sanctions on Tehran, given its interests in the Continue Reading
The War That Would Transform Oil Markets
A fire erupted at an oil pipeline connecting Bahrain and Saudi Arabia, and the two Arab allies are pointing the finger at Tehran . Iranian officials denied any involvement, but Continue Reading
Iran to facilitate Kirkuk exports
By trucking crude to Iran, the Oil Ministry would reduce dependence on the KRG-controlled export system and open a new outlet for Kirkuk oil that is currently stranded. Deputy Oil Continue Reading
Saudi reopens Lebanon front in struggle with Iran
Saudi Arabia has opened a new front in its regional proxy war with Iran, threatening Tehran’s powerful ally Hezbollah and its home country Lebanon to try to regain the upper Continue Reading
An Iranian benchmark for oil just topped $60 per barrel
After boasting of unprecedented economic growth, Iranian state media said the situation has improved after its benchmark for oil passed $60 per barrel. Iran Heavy crude breached $60 per barrel Continue Reading
Saudi Arabia accuses Iran of ‘act of war against the kingdom’
Saudi Arabia has stepped up its bellicose rhetoric against Iran, with the powerful crown prince accusing the country’s regional arch-rival of supplying missiles to Yemeni rebels in “an act of Continue Reading
Iran boasts of oil production gains since last year
Iran says its total crude oil production since last year is up by about 1 million barrels per day. File photo by Maryam Rahmanian/UPI Nov. 6 (UPI) — A state-run Continue Reading
France’s Total opens Washington office as Iran risks loom
Total has opened an office in Washington in a bid to strengthen relations with the U.S. administration as the French oil and gas company prepares to invest billions in Iran. Continue Reading
Russia and Iran sign $30bn energy agreements
Russia and Iran have signed agreements to collaborate on “strategic” energy deals worth up to $30bn that will involve energy groups such as Rosneft and Gazprom. Amir Hossein Zamaninia, Iran’s Continue Reading
Russia’s Gazprom To Help Build Iran-India Gas Pipeline
Russia’s state-controlled gas giant Gazprom will take part in a project for the construction of a gas pipeline between Iran and India, Russian media quoted Energy Minister Alexander Novak as Continue Reading
Supreme Leader Khamenei says U.S. is Iran’s ‘number one enemy’: TV
The United States is Iran’s “number one enemy” and Tehran will never succumb to Washington’s pressure over a multinational nuclear deal, Iran’s Supreme Leader Ayatollah Ali Khamenei said in a Continue Reading
Asian imports of Iranian oil hit highest in six months
Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China Continue Reading
Barzani resigns, leaving unstable vacuum
Iraqi Kurdistan fell deeper into political turmoil Sunday as acting President Massoud Barzani announced his resignation and violent protesters stormed the regional Parliament building. In a written statement delivered to Continue Reading
Iran says it’s signed its first agreement tied to LNG
Iran says its signed a novel agreement to sell gas slated for delivery as super-cooled liquefied natural gas. File photo by Maryam Rahmanian/UPI Oct. 26 (UPI) — An Iranian energy Continue Reading
Fear of Iranian general left Iraqi Kurdish oil fields deserted
When the Iraqi army and Iranian-backed Shi‘ite militia entered a key oil processing facility in Iraq’s north to retake it from Kurdish Peshmerga forces last week, the installation was deserted Continue Reading
Trump’s tougher stance could backfire by boosting Iran’s Guards
Iran’s elite Islamic Revolutionary Guard Corps, a military force with political clout and an industrial empire, stands to benefit from heightened tension between Washington and Tehran, officials and analysts said. Continue Reading
Iran reaches agreement on gas with Italian power company
Iranian oil and gas companies said they’ve signed agreements with an Italian power company to capture flared gas at one of the world’s largest natural fields. Pars Oil and Gas Continue Reading
Kurdish oil operations proceeding as normal
A day after U.S. supermajor Chevron said it was standing down in the Kurdish north of Iraq, British company Gulf Keystone Petroleum said all was well. “Gulf Keystone confirms that Continue Reading
A New Oil Crisis Is Developing In The Middle East
After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the Continue Reading
Analysis: Business as usual for Iran oil exports as market eyes US sanctions threat
The oil and shipping markets remain in limbo as the world awaits action from US Congress on sanctions targeting Iran, in the wake of President Donald Trump last week declaring Continue Reading
Trump’s Iran Decision Haunts Big Oil
United States President Donald Trump’s decision to “decertify” the Iran nuclear deal probably won’t have an immediate impact on oil prices, but the decision could plant the seeds of problems Continue Reading
Rosneft’s Sechin says in talks with Iran to trade oil
Russia’s Rosneft has been in talks with Tehran to set up a supply chain to deliver oil from Iran and Central Asia nations to the global markets, Igor Sechin, chief Continue Reading
Iran ready to do business with U.S. oil and gas companies: minister
Iran is ready to do business with U.S. oil and gas companies, oil minister Bijan Zanganeh said on Tuesday, according to SHANA, the news site of the Iranian oil ministry. Continue Reading
Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply
While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil supplies, Continue Reading
Trump hostility set to deepen Iran power struggles
Iranians quickly closed ranks against a hawkish new U.S. approach to Tehran, but Iran’s powerful hardliners are set to exploit the latest dispute with Washington to weaken domestic rivals who Continue Reading
Iran says Trump’s nuclear deal policy not to have high impact on oil prices: TV
President Donald Trump’s hardened stance on a multinational nuclear deal between Iran and six major powers will not have much impact on global oil prices, Iranian Oil Minister Bijan Zanganeh Continue Reading
Trump Just Made Iran A Wildcard
American President Donald Trump has officially decertified the Joint Comprehensive Plan of Action (JCPOA) Iran deal, while hitting Iranian power players—especially the Islamic Revolutionary Guard Corps (IRGC)—with a new list Continue Reading
South Korea’s September Iranian crude oil imports rise to six-month high
South Korea’s imports of Iranian crude oil hit the highest level in six months in September amid Iran’s push to regain its lost market share during years it was under Continue Reading
U.S. sanctions to complicate, not disrupt, Iran oil trade
A looming ramp-up in U.S. sanctions on Tehran will further spook potential buyers of Iranian oil although supplies to Europe will most likely remain uninterrupted, top trading houses told the Continue Reading
Trump’s Wrangling With Tehran Raises Alarm Bells for Multinationals in Iran
Iran’s South Pars facility. Total struck a $1 billion deal in July that gave it access to the giant gas field. Mr. Trump said Friday he won’t recertify the 2015 Continue Reading
World powers hit back at Trump over repudiating Iran nuclear deal
International powers that signed the nuclear deal with Iran have hit back strongly at President Donald Trump’s repudiation of the landmark pact. Germany, France, the UK and Russia rallied together with Continue Reading
Interview: Trump’s Iran decision sends powerful risk signal to oil market
US President Donald Trump Friday officially renounced the Iran nuclear agreement, yet urged Congress to remain in the deal as he asked lawmakers to ultimately decide its fate. Elizabeth Rosenberg, Continue Reading
Trump Disavows Iran Deal: What’s at Stake for Oil Markets
Iran, already struggling to attract investors to its energy industry, may find things tougher still as Trump refuses to certify the nuclear deal. (Bloomberg) — Iran, already struggling to attract Continue Reading
Three scenarios if Trump decertifies Iran nuclear deal
1. Deal survives The deal’s supporters and the Trump administration convince Congress not to reimpose, or “snap back”, US nuclear sanctions on Iran, which would put Washington in violation of Continue Reading
Europe Braces For End Of Iran Nuclear Deal
Europe is scrambling to come up with a contingency plan in the face of a U.S. threat to end the nuclear deal with Iran—a move that lends a high level Continue Reading
New Iran Sanctions Could Send Oil Prices Higher
Oil prices are bound to remain low over the next couple of years, but two potential events could send them either higher than today’s levels or sinking into the $30s—new Continue Reading
Trump resists pressure to soften stance on Iran nuclear deal
WASHINGTON (Reuters) – President Donald Trump finds himself under immense pressure as he considers de-certifying the international nuclear deal with Iran, a move that would ignore warnings from inside and Continue Reading
US lawmakers urge Trump to stay in Iran deal on eve of decision
US President Donald Trump said Wednesday he would soon reveal his strategy toward Iran and that he alone would decide on it, despite disagreement among his top advisers. Earlier Wednesday, Continue Reading
Iranian energy companies lay out investment options in Amsterdam
Iranian oil and natural gas companies said Wednesday they were among the hundreds on hand in the Netherlands to introduce investment opportunities to the world. Iranian energy companies are among Continue Reading
What will happen if Trump decertifies the Iran nuclear deal?
US President Donald Trump has called the landmark nuclear agreement in which Iran agreed to limit its nuclear programme in exchange for limited sanctions relief the “worst deal ever” and Continue Reading
Renewed Sanctions On Iran Could Disrupt Oil Exports
President Trump is poised to announce over the coming days, that the landmark Iran nuclear agreement is no longer in the national interest of the United States. While the so-called Continue Reading
Iran promises ‘crushing’ response if U.S. designates Guards a terrorist group
Iran promised on Monday to give a “crushing” response if the United States designated its elite Revolutionary Guards as a terrorist group. The pledge came a week before President Donald Continue Reading
China says hopes Iran nuclear deal stays intact amid Trump criticism
China said on Monday it hopes the Iran nuclear deal will stay intact, playing an important role in keeping the peace, after a senior U.S. official said President Donald Trump Continue Reading
Trump expected to decertify Iran nuclear deal, official says
President Donald Trump is expected to announce soon that he will decertify the landmark international deal to curb Iran’s nuclear program, a senior administration official said on Thursday, in a Continue Reading
Trump plans to declare that Iran nuclear deal is not in the national interest
President Trump speaks to world leaders at the 72nd United Nations General Assembly on Sept. 19. (Spencer Platt/Getty Images) President Trump plans to announce next week that he will “decertify” Continue Reading