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Thursday, June 20, 2013 08:17
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Iranian oil exports

Iran’s oil exports hit new low as U.S. plans further sanctions

The U.S. president has announced the world market can handle further sanctions on Iranian oil exports. » read more

Britain quashes company’s plan to pay Iran in goods

The British government has blocked efforts by Royal Dutch Shell to settle its $2.3-billion debt to Iran with payments in grain or pharmaceuticals, Reuters reports. » read more

Iran ready to barter oil for goods

Iran says it is now prepared to implement its plan to trade oil for necessary goods. The Mehr News Agency reports that the National Iranian Oil Company announced that bartering crude for food and other goods could complement the usual sale of oil for its monetary value in major currencies. » read more

Iran’s oil production lowest since 1980s

OPEC’s latest report indicates that Iran produced 2.675 million barrels of oil per day in March, which according to TREND, an Azerbaijani news agency, is the country’s lowest volume of oil production since 1988. » read more

Big drop in Iranian oil exports: Reuters

Iranian oil exports in December will fall by one quarter compared to November of 2012, Reuters reports. » read more

Officials differ on approach to nuclear talks

The head of Iran’s Basij organization has urged the country’s leaders to avoid emphasizing the easing of sanctions during nuclear negotiations with the world powers. » read more

Drastic fall in Japan’s use of Iranian crude

Japan reportedly reduced its Iranian oil imports by 60 percent in October of 2012 compared to the same month last year. » read more

Swiss won’t fully comply with sanctions on Iran

Switzerland has refused to restrict transactions connected to Iranian oil exports, despite pressure from the European Union to join the international sanctions against Iran. » read more

Japan wants exemption from U.S. sanctions on Iran

Japanese media report that Japan is looking for ways to be exempt from U.S. sanctions imposed against Iran. » read more

China buying less Iranian crude

Iranian crude exports to China declined by 24 percent in September compared to the same month last year, Reuters reports. » read more