News about oil embargo
Minister: Iran to Celebrate Independence in Oil Sector Soon
Iranian Oil Minister Rostam Qassemi played down the effects of the western sanctions on the country's oil sector, and said Iran will celebrate independence of its oil industry soon in future.
India to create multi-million-dollar fund to insure Iran crude imports
India is set to create a multi-million-dollar Energy Insurance Pool (EIP) fund as part of efforts to support local insurers giving coverage to refiners processing Iranian crude oil.
Iran to build first small oil refinery in Golestan Province
Head of Iran’s Oil Products Exporters Union says the Islamic Republic is planning to build its first small oil refinery in the northeastern province of Golestan.
‘Iran asked to increase petchem exports’
The managing director of the National Petrochemical Company says the Islamic Republic of Iran’s neighboring countries have demanded an increase in the export of the country’s petrochemical products.
Official: Iran Gains Self-Sufficiency in Petchem Industry
A senior official hailed Iranian experts and engineers for the efforts they have made to gain self-sufficiency, particularly in the field of designing, engineering and installing facilities of petrochemical industry.
Iran eyes stopping oil exports: Ahmadinejad
Iranian President Mahmoud Ahmadinejad says the Islamic Republic aims to reach the point where it would no longer need to export its crude oil.
Iranian President Inaugurates New Gasoline Production Plant
Iran's biggest gasoline production plant was inaugurated in Shazand city in the Central Markazi province on Thursday in a ceremony attended by President Mahmoud Ahmadinejad.
Iranian Minister: Oil Industry to Foil West's Economic War against Iran
Iranian Oil Minister Rostam Qassemi announced preparedness of Iran's oil industry to confront the western sanctions, and said that the enemies' economic war against Iran will be fruitless.
11 nations granted waivers of US sanctions on Iran
The United States has granted new waivers on Iran sanctions to 11 countries in exchange for their reductions of purchases of Iranian crude oil.
Iran, Turkmenistan to sign barter trade agreement
Iranian ambassador to Turkmenistan says Tehran and Ashgabat will sign a barter trade agreement during Iranian President Mahmoud Ahmadinejad's forthcoming visit to that country.
Official: Iran, Venezuela to Ink Oil Contract Soon
Managing-Director of the Iranian Offshore Engineering and Construction Company (IOEC) Ali Taheri Motlaq announced that Tehran and Caracas will soon sign a contract to build an offshore oil installation construction yard in Venezuela.
Iran to Provide Insurance Services to All Wide-Body Passenger Planes, Oil Tankers
Iran plans to provide all its large passenger planes and oil tankers with their needed insurance services, a senior Iranian insurance officials announced on Sunday.
Iran Indigenizes Mini Oil Refineries Expertise
Managing-Director of National Iranian Oil Engineering and Construction Company (NIOEC) said the country has succeeded in indigenizing the expertise needed for designing and building small oil refineries, which is based on the valuable experiences gained from the development plan of Imam Khomeini oil refinery.
Iran earns some $13bn from petrochemical, polymer exports: Report
Iran has earned nearly USD 13 billion from exporting petrochemical and polymer products from the giant offshore South Pars Gas Field to mainly European and Asian countries since March 2012, says one report.
Official: Iran Plans to Start Oil Production in South Pars Field Soon
Iran will start oil production in the South Pars field in the first half of the next Iranian year (starts March 21), an Iranian energy official announced on Tuesday.
Iran increases oil swap capacity in Caspian Sea region
The Islamic Republic of Iran has increased its oil swap capacity in the Caspian Sea region to 500,000 barrels per day (bpd).
Iran Ups Oil Production in February
Iran's daily oil output reached 2.9 million barrels after it witnessed a 200,000-barrel increase in February 2013, an informed source said on Saturday.
Iran discovery of hydrocarbon reserves exceeds $400bn: NIOC chief
Iran has discovered hydrocarbon reserves worth more than USD400 billion in the first 11 months of the current Iranian calendar year (started March 20, 2012), a deputy oil minister says.
President Hails Iran's Progress in Energy Sector
Iranian President Mahmoud Ahmadinejad lauded the country's engineers and energy experts, and said Iran's talents and potentials in the energy sector rival with the world's most developed countries.
Iran discovery of hydrocarbon reserves exceeds $400bn: NIOC chief
Iran has discovered hydrocarbon reserves worth more than USD400 billion in the first 11 months of the current Iranian calendar year (started March 20, 2012), a deputy oil minister says.
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