Latest News for: Iranian oil

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Report: Iran's verification of US reversal to take 3 months at least

Press TV 11 Apr 2021
They include normalization of banking transactions, total removal of export barriers, unhindered sale of Iranian petroleum and oil derivatives, in addition to complete and rapid return of revenues from Iranian oil sales ... Verification of US sanctions removal means Iran should be able to sell its oil.
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South Korean Prime Minister departs for Iran amid tension over seized Tehran funds

Korea Times 11 Apr 2021
The visit came two days after the Iranian government released a Korean oil tanker and its captain who were detained over alleged oil pollution ... Upon his arrival in Iran, Chung is scheduled to talk with Iranian first Vice President Eshaq Jahangiri ... A meeting with Iranian President ...
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Iran’s Vice President: South Korea must unfreeze Iran’s assets as soon as possible

Press TV 11 Apr 2021
... South Korean banks among Iranians ... About $2.7 billion deposited by the Seoul branch of Iran’s Bank Mellat is held by the Bank of Korea, while more than $7 billion worth of Iranian oil money is stuck at the Industrial Bank of Korea and Woori Bank, according to Yonhap news agency.
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‘Removal of JCPOA-Related Sanctions Not Enough’

Kayhan 11 Apr 2021
A detailed report by the Iranian parliament’s Research Center says the verification of any U.S ... They include normalization of banking transactions, total removal of export barriers, unhindered sale of Iranian petroleum and oil derivatives, in addition to complete and rapid return of revenues from Iranian oil sales.
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East Azarbaijan Exports $3bn of Non-Oil Products

Kayhan 11 Apr 2021
... said on Sunday that three billion dollars non-oil exports were registered from East Azarbaijan province, in the past Iranian year ended on March 19, 2021.
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British warship warned Iran not to seize oil tanker, new audio shows

The National 11 Apr 2021
A UK warship warned an Iranian patrol boat by radio against interfering with the Stena Impero as the British-flagged oil tanker passed through the Strait of Hormuz, an audio recording released on Sunday showed ... Responding to the Montrose's warning not to interfere, the Iranian boat says it is acting for security purposes.
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The real Iran deal needs to include all the relevant actors

The Jerusalem Post 11 Apr 2021
Both deals have been used as evidence of the ascendance of the Iranian regime on the world stage as it regains economic strength and diplomatic legitimacy.  ... What income there is from oil sales will be funneled straight to the mullahs and their families, and to their military programs, including the nuclear program.
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Iran records great annual performance in oil refining, distributing

Tehran Times 11 Apr 2021
While the past Iranian calendar year (ended on March 20) was a difficult time for Iran’s oil sector, which is the country’s major source of income, some great performance was witnessed in terms of refining and distribution of oil and oil products ... .
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Future ties at stake as South Korean PM heads to Iran

Al Jazeera 11 Apr 2021
The money, mostly yields from exported Iranian oil, is expected to be the central point of talks as Chung is slated to meet First Vice President Es’haq Jahangiri, Parliament Speaker Mohammad Bagher Ghalibaf, supreme leader’s adviser Ali Larijani, and President Hassan Rouhani.
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Israel appears to confirm it carried out cyberattack on Iran nuclear facility

The Observer 11 Apr 2021
Clashes have more recently been fought in the open, with strikes against shipping, the execution of Iran’s chief nuclear scientist, hundreds of airstrikes against Iranian proxies in Syria, and even a mysterious oil spill in northern Israel, which officials there have claimed was environmental sabotage.
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Northeastern Iranian Prov exports $3b non-oil products

Irna 11 Apr 2021
Tabriz, April 11, IRNA – Three billion dollars non-oil exports were registered from East Azarbaijan Province, northeast of Iran, in the past Iranian year ended on March 19, 2021, a provincial official announced on Sunday ....
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IMF Sees Iran Economy Recovering This Year

Kayhan 11 Apr 2021
Iran was badly hit by the COVID-19 pandemic last year, which intensified economic pressures coming from sanctions that curb oil sales for the OPEC producer. "We expect the Iranian economy will turn into positive growth this year and next year,” Jihad Azour, director of the IMF’s Middle East and Central Asia Department, said.
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Oil prices dip on mixed supply and demand outlook

Arab News 10 Apr 2021
“Oil is currently in a wait-and-see mode, with market participants looking at the ... “If a fulsome framework can be crafted in the coming weeks, significant quantities of Iranian oil will likely hit the market in H2 2021,” RBC Capital analyst Helima Croft said in a note this week.
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Iranians release S. Korean oil tanker

Arkansas Democrat-Gazette 10 Apr 2021
DUBAI, United Arab Emirates -- A South Korean oil tanker held for months by Iran amid a dispute over billions of dollars seized by Seoul was freed and sailed away early Friday, just hours ahead of further talks between Tehran and world powers over its tattered nuclear deal ... The ministry said the Hankuk Chemi left an Iranian port about 6 a.m.
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Iran frees South Korean ship it held amid dispute over funds

Longview News-Journal 10 Apr 2021
DUBAI, United Arab Emirates (AP) — A South Korean oil tanker held for months by Iran amid a dispute over billions of dollars seized by Seoul was freed and sailed away early Friday, just hours ahead of further talks between Tehran and world powers over its tattered nuclear deal ... The ministry says the Hankuk Chemi left an Iranian port at around 6 a.m.
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