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IOTC Localizes Manufacturing of Industrial Valves
The Iranian Oil Terminals Company (IOTC) has acquired the technical savvy for manufacturing parts of industrial valves which were previously monopolized by European and American companies.
No Unilateral Decisions in OPEC
The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) said there were no unilateral decisions in the organization.
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Research and Development
US Doomed to Back down on Aggressive Policies against Iran: Expert
Former director of international affairs in marketing and oilfield operations at the Iranian Ministry of Petroleum says, from the o...
Iran Denies Russia Involvement in Oil Sells
Iranian Minister of Petroleum Bijan Zangeneh refuted suggestions about Russia’s involvement in Iran’s oil exports.
MOP Showed Iran Oil Exports would Continue: President Rouhani
Iranian President Hassan Rouhani said the Iranian Ministry of Petroleum (MOP) showed the US that Iran’s oil exports would continue.
NIOC to Continue Selling Oil on Energy Exchange
The National Iranian Oil Company (NIOC) intends to continue offering oil cargoes on the Iran Energy Exchange (IRENEX), a senior NIO...
6,000 tons of Goods Shipped to Kharg Island in Tir
Director of commercial affairs at the Iranian Oil Terminals Company (IOTC) said a total of 6,575 tons of petroleum goods and equipm...
Main costumers of Iran’s oil do not comply with US sanctions
In three months’ time, U.S. sanctions on Iran are due to enter into force but studies show that main costumers of Iranian oil will ...
OPEC daily basket price stood at $72.03 a barrel Thursday, 9 August 2018
Tehran, Iran, 10 August 2018--The price of OPEC basket of fifteen crudes stood at $72.03 a barrel on Thursday, compared wit...
China to continue importing Iran`s oil
According to two officials familiar with Washigton-Beijing negotiations, US has been unable to persuade China to cut import Iran`s ...
Iran offers India insurance, tankers to keep oil shipments
Iran has started to offer India cargo insurance and tankers operated by Iranian companies as some Indian insurers have backed out o...
IEA warns on negative global effects of Iran oil sanctions
The International Energy Agency (IEA) cautioned about global repercussions of the US anti-Iran measures for the oil market.
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