Iranian Oil

Iran offers discount oil to Asian customers

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions. The "informed source" in Iran's oil ministry did not give details of the discount, but sought to downplay the move …

Japan halts imports of oil from Iran

Japanese oil companies are preparing for a complete cessation of oil imports from Iran, Japan's leading business newspaper Nikkei reported. According to the newspaper, oil supplies from Iran should be completely stopped by October. …

Velayati: Iran to cope with US oil exports ban

Supreme Leader Ayatollah Ali Khamenei's top adviser on international affairs, Ali Akbar Velayati, said that Iran will cope with the problems that will arise after the United States ban of Iranian oil …

Iran’s oil revenue hits record in 3 months

Iran’s oil exports hit a record high in the first three months of the current Iranian fiscal year (started March 21) ahead of re-imposition of new US sanctions on the country’s oil sales, Iran's government spokesman said. …

Iran eyes private oil exports to help beat U.S. sanctions

Iran will allow private companies to export crude oil, part of a strategy to counter U.S. sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on …