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iran oil

Sri Lanka Planning to Settle Iran Oil Dues with Tea

Sri Lanka says it is considering a plan to settle payments to Iran for previous oil purchases by exporting tea to the country at equivalent values.

Iran says OPEC to Suffer from Saudi Move to Raise Output

Iran says a recent move by Saudi Arabia to increase its production of oil despite last month’s agreement by the Organization of the Petroleum Exporting Countries (OPEC) to maintain supply limits has already put the credibility of the Organization at stake, stressing that Riyadh would be responsible for the future repercussions of this.

Deciphering Trump’s plot against oil market

By adopting certain stances against oil price hike and leveling criticism at a number of the exporters of hydrocarbon fuel, US President Donald Trump is pretending that he is siding with reduction in crude value.

Iran will work to secure oil exports to India: Embassy

As US sanctions loom, Iran’s Embassy in New Delhi says the Islamic Republic will do all in its power to ensure security of oil supplies to India.

Iran says no major change in oil exports despite US pressure

Iran’s Petroleum Minister Bijan Zanganeh says there has been no major change in the country’s production and export of crude oil despite recent threats by US President Donald Trump to halt the oil trade activities of the Islamic Republic.

Oil Industry in Khark Island - Iran

Kharg or Khark is the most important and strategic Island of Iran in the Persian Gulf in terms of oil.

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