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South Pars Gas Field upgraded despite sanctions

South Pars Gas Field upgraded despite sanctions

Reuters LONDON, reports on 19 June - The possible withdrawal of French oil major Total from Iran’s South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in talks with Russia’s Gazprom over the development of two other fields. 

 

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Iran rep in OPEC: Will veto Saudi proposal

Iran rep in OPEC: Will veto Saudi proposal

Bloomberg reports that Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.

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Iran and US verbal dispute over oil

Iran and US verbal dispute over oil

Reuters reports that the  U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran.

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Buyers of Iran oil resist US pressures

Buyers of Iran oil resist US pressures

In a report, the Wall Street Journal wrote that the Trump administration’s effort to pressure Iran depends on countries deeply skeptical of the U.S. campaign against the Islamic Republic, creating resistance that analysts and officials in those countries say could undercut one critical element of the push: curtailing Iran’s oil exports. 

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Ten companies who left Iran

Ten companies who left Iran

On 6 June 2018, Ellen R Wald wrote in Forbes that when President Trump announced the return of U.S. sanctions on Iran almost one month ago on May 8, there was a great deal of skepticism about how many global businesses would cease operations in Iran or with Iranian agents.  

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India seeks extra 1BN barrels of oil from Iran

India seeks extra 1BN barrels of oil from Iran

Reuters reports from NEW DELHI on June 1 that the Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent U.S. sanctions.  

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Iran seeks OPEC support against U.S. sanctions: letter

Iran seeks OPEC support against U.S. sanctions: letter

Iran has asked OPEC to support it against new U.S. sanctions and signalled it is not yet in agreement with Saudi Arabia’s views on the possible need to increase global oil supplies, creating potential problems for OPEC at its meeting next month.

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Achievements by Zarif in India

Achievements by Zarif in India

The Iranian Foreign Minister has announced joint commissions with India for banking, oil, and trade, saying: “This was a very fruitful trip. Our agreements show that the international community wants to keep the JCPOA in full force.”  

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India will not implement US sanctions against Iran

India will not implement US sanctions against Iran

Iran-India Chamber of Commerce and Industry Deputy reiterated that India will continue trade with Tehran and will not join US sanctions against Iran. P S Chandihok told IRNA: “New Delhi will make its own decisions based on its own interests. India will continue to trade with Iran for as long the as the UN has not imposed sanctions on Iran.”  

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Araghchi: JCPOA Commission builds confidence

Araghchi: JCPOA Commission builds confidence

The first JCPOA Joint Commission has convened on Friday with representatives from Iran and the  4+1, and deputy chief of EU external affairs at the Coburg Hotel in Vienna without US presence. IAEA Chief, Yukiya Amano, was the special guest of the Commission, once again confirming Iran’s compliance with the JCPOA.

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More EU investments for Iran

More EU investments for Iran

On the sidelines of his meeting with the Commissioner for Climate Action and Energy, a member of the European Commission, Iran’s Minister of Energy announced that a “Small-and Medium-Sized European Enterprises Investment” conference will take place in Iran in the autumn of 2018 as an opportunity to expand ties between Iran and the EU.  

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