RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2018-10-01 11:20:00

IRANIAN OIL MONEY UP

IRANIAN OIL MONEY UP

SHANA - Iran says it has no plans to cut its crude oil production amid mounting pressure from Washington to stifle the country's exports by imposing fresh round of oil sanctions.

The National Iranian Oil Company (NIOC) CEO explicitly said his company, the sole producer of hydrocarbons in Iran, had no plans to reduce its output.

Speaking on Sunday evening, Ali Kardor said NIOC had access to all its oil revenues and witnessed an upward trend in its revenues.

In May, US President Donald Trump pulled Washington out of the Joint Comprehensive Plan of Action (JCPOA), an international agreement between Tehran and the P5+1 group of countries back in 2015 to curb Iran's nuclear activities in exchange for lifting of nuclear sanctions on the country.

The new round of curbs Trump has threatened against Iran are to take effect in November.

NIOC easily collects the money from selling crude oil, the CEO added, saying: "The efforts of the Ministry of Foreign Affairs are aimed at striking an agreement with the European Union in order to work out different solutions and actions plans for various future scenarios."

He further said the payment of oil money from India in rupees had not yet been finalized.

Asked about signature of contracts under the newly-devised model of oil contracts, Mr. Kardor said: "We are in talks, and it is likely that the next deal will be signed with a consortium of Russian companies."

Regarding insurance coverage for oil shipments, Kardor also said NIOC was fully providing coverage for shipments and had undertaken all the risks involved in the processes.

He also touched on development of Farzad B gas field by Indian companies, saying talks with them were in progress.

 -----

Earlier:

 IRANIAN OIL EXPORTS DOWN
2018, September, 26, 09:15:00

IRANIAN OIL EXPORTS DOWN

REUTERS - Exports of crude oil and condensates have declined by 0.8 million barrels a day (mbd) from April to September 2018, the IIF, which represents major banks and financial institutions from around the world, said.

 

 THREATS FOR IRANIAN OIL
2018, September, 26, 09:10:00

THREATS FOR IRANIAN OIL

SHANA - Iran’s OPEC governor Hossein Kazempour Ardebily said regarding the current market conditions and the production level of the producing countries in or outside of the Organization of the Petroleum Exporting Countries (OPEC), threats to bring Iran’s oil exports are not practical.

 

 IRAN'S ECONOMY DIFFICULTIES
2018, August, 27, 14:25:00

IRAN'S ECONOMY DIFFICULTIES

ARAB NEWS - One of the key markers of Iran's economic crisis has been the collapse in the currency, which has lost around half its value since April.

 

 ЭКСПОРТ ИРАНСКОЙ НЕФТИ В ИНДИЮ: 2,82 МЛН. Т.
2018, August, 1, 09:25:00

IRANIAN OIL EXPORTS 2.3 MBD

SHANA - Iran exported an average of 2.3 million barrels per day of crude oil to Asian and European countries during the four months. This is while exports for last calendar year's corresponding period stood at 2.115 mbd.

 IRAN'S OIL IS IMPORTANT
2018, July, 6, 11:45:00

IRAN'S OIL IS IMPORTANT

SHANA - Donald Trump's call on other countries to stop buying crude oil from Iran and putting European companies under pressure would be a kind of self-harm for the US leading to dramatic price hikes in the oil market, given Nigeria and Libya being crisis-stricken, Venezuela's crude oil output having plunged and Saudi Arabia's domestic consumption spike in summer, Iran's OPEC Governor says.

 

 IRAN'S OIL EXPORTS 2.7 MBD
2018, June, 4, 13:35:00

IRAN'S OIL EXPORTS 2.7 MBD

SHANA - The country exported 2.4 mbd of crude oil and 300,000 b/d of gas condensate, ultra light crude oil, during May.

 

 U.S. - IRAN SANCTIONS ALWAYS
2018, May, 10, 13:25:00

U.S. - IRAN SANCTIONS ALWAYS

U.S. DT - President Donald J. Trump announced his decision to cease the United States’ participation in the JCPOA and begin reimposing U.S. nuclear-related sanctions on the Iranian regime. Treasury’s Office of Foreign Assets Control (OFAC) is taking immediate action to implement the President’s decision. Sanctions will be reimposed subject to certain 90 day and 180 day wind-down periods. At the conclusion of the wind-down periods, the applicable sanctions will come back into full effect.

 

Tags: IRAN, OIL, USA, SANCTIONS
Chronicle:
IRANIAN OIL MONEY UP
2021, July, 9, 12:04:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
IRANIAN OIL MONEY UP
2021, July, 9, 12:00:00
ARGENTINA'S NUCLEAR SMR
Before work was suspended, it was in line to be the world’s first operating SMR. The government licensed it as a prototype in 2009.
IRANIAN OIL MONEY UP
2021, July, 9, 11:55:00
CHILE'S COAL GENERATION DOWN
In June 2021, the Chamber of Deputies of Chile has approved a bill that prohibits the installation and operation of coal-fired power plants.
IRANIAN OIL MONEY UP
2021, July, 8, 12:50:00
OIL PRICE: NEAR $73
Brent slipped by 23 cents, or 0.3%, to $73.20 a barrel, WTI were down 33 cents, or 0.5%, at $71.87 a barrel.
IRANIAN OIL MONEY UP
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
IRANIAN OIL MONEY UP
2021, July, 8, 12:40:00
EUROPE CLIMATE RULES
According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.
IRANIAN OIL MONEY UP
2021, July, 8, 12:35:00
ASIA INDEXES DOWN ANEW
The Hang Seng index (.HSI) led losses with a 1.9% drop, its eighth consecutive session in the red, with more falls in internet giants Tencent (0700.HK), Meituan (3690.HK) and Alibaba (9988.HK) as the sector reels from sweeping Chinese regulatory scrutinty.
All Publications »