sanctions
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Effects of government policies to neutralize sanctions, increase oil revenues ‘noticeable’: MP
SHANA (Tehran) – A member of Iran’s Parliament said the effects of the government’s policies to neutralize sanctions and increase oil revenues and economic growth are “noticeable”.
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Oil steadies on hopes U.S. will ease sanctions on Venezuela
Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas.
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NPC CEO: Foreign guests’ strong presence in IranPlast expo means ‘sanctions have no place’ in petchem industry
SHANA (TEHRAN) – Iran’s National Petrochemical Company (NPC) managing director on Sunday said the twentyfold increase in number of foreign participants of the 17th IranPlast International Exhibition means that “economic sanctions and threats have no place” in petrochemical industry.
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NISOC head: Iran can overcome sanctions by relying on domestic capabilities
SHANA (Tehran) – The 13th administration proved that Iran can defeat sanctions by relying on domestic capabilities, said the National Iranian South Oil Company (NISOC) managing director.
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Owji: Iran oil exports on the rise despite ‘harsher’ sanctions
SHANA (Tehran) – Iran’s oil minister on Friday said his country’s oil products and exports have climbed in spite of “harsher” sanctions.
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Iran's oil exports hit five-year highs
Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.
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Raeisi: Strengthening economy most effective way to confront sanctions
SHANA (Caracas) – Iran’s president on Monday said the strengthening of the economic sector is the most effective way to confront sanctions.
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MP: Oil Ministry proves sanctions can be skirted by energy diplomacy
SHANA (Tehran) – Iran’s Oil Ministry has proved that sanctions can be circumvented by exercising energy diplomacy, said a lawmaker.
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MP: Iran Oil Show a symbol of neutralizing sanctions
SHANA (Tehran) -- The 27th International Oil, Gas, Refining and Petrochemical Exhibition, having the motto “Oil Industry; Technological Production, Optimal Consumption”, is a symbol of neutralizing sanctions, an Iranian lawmaker said here on Thursday.
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U.S. senator: Iran oil exports rising under sanctions
A senior U.S. Republican senator confirmed the rise in Iran’s oil revenues in recent months, confessing to the ineffectiveness of the sanctions that have been unilaterally imposed on the country.
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Sanctions fail to paralyze Iran oil industry
SHANA (Tehran) – Sanctions imposed by the enemy have failed and will fail to paralyze Iran’s largest supplier of energy and foreign currencies – the Ministry of Petroleum.
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Preventing Sale of Iran Oil by Enemies Failed: Representative
TEHRAN (Shana) -- A member of the Expediency Council and representative of the Supreme Leader in the Supreme National Security Council said: “The enemies announced that you cannot sell oil, but given the budget bill 1401 and 1402 and the amount of oil announced in it, we can sell it, and the budget is adjusted based on that.”
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Iran Hard Currency Reserves Reliable: President
TEHRAN (Shana) -- The President said: “I assure the people and economic activists that we have good and reliable hard currency reserves and the money from the sale of oil returns to the country.”
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Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company said: "The development of using the empty capacity of offshore refineries by the 13th administration can weaken the enemy's plan to reduce oil revenues."
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OIPC Following Up Pending Contracts In Europe
TEHRAN (Shana) -- The Chairman of the Presiding Board of Oil Industry Pension Fund (OIPC) said: “The Economic Group of Oil Industry Pension Fund is following up pending contracts in European countries.”
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Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots
SHANA (Tehran) – Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani here on Sunday said the positive synergy established between the foreign and petroleum ministries in exporting oil has caused the enemies’ “maximum pressure” on the country to end in failure.
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Iran Oil Exports Rising regardless of Vienna Talks
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC), referring to the desire of Asian companies to buy Iranian crude oil despite the sanctions, said: "Regardless of the outcome of the JCPOA talks, and given the high demand for oil in the market, Iran will continue to boost its sales.”
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Petchem Industry Could Revive Iran Economy: Official
TEHRAN (Shana) – The secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said the petrochemical industry can revive Iran's economy.
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Oil, Gas Development under Shadow of Sanctions
TEHRAN (Shana) -- The outstanding feature of the track record of the two administrations of outgoing President Hassan Rouhani would be sought in the development of joint oil and gas fields in South Pars and West Karoun. Under these two administrations, oil recovery from the fields jointly owned by Iran and Iraq in West Karoun grew five-fold, while South Pars saw its production increase three-fold over the same period.
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South Pars Development Seen Foiling Sanctions
TEHRAN (Shana) -- Despite President Joe Biden taking office in the United States, Iran’s petroleum industry is still unable to sell crude oil as much as its market share due to the toughest ever financial and banking sanctions his predecessor Donald Trump imposed on Iran in 2018 after quitting the 2015 nuclear deal. Meantime, the coronavirus pandemic has left serious negative impacts on the market. And the petroleum industry has automatically not been spared over years. The petroleum industry definitely needs investment and technology.
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Iran says Oil Revenue Fell over $100b since 2018
TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.
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Spokesman:
“Iran has regained part of its oil market share”
TEHRAN (Shana) -- A Foreign Ministry spokesman said: "During the failed US maximum sanctions, the main goal of the oil industry was to regain Iran's share of the oil market. In the last one year, we have regained part of this share.”
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NIOC Prepared for Speedy Resumption of Iran Oil Production
TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."
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Ex-NIOC CEO Relates Experience of Iran Returning to Oil Market
TEHRAN (Shana) -- The former CEO of the National Iranian Oil Company spoke about the experience of returning Iranian oil to the market after the Joint Comprehensive Plan of Action (JCPOA).
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Iran says more in Control of Oil Sales
TEHRAN (Shana) – First Vice President Eshaq Jahanigiri said Iran has tried to neutralize the impact of the sanctions and has gained a lot of control over its oil sales.
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NISOC Prepared to Enhance Iran Oil Output: CEO
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to increase its oil output to a figure beyond the pre-sanctions levels in 2018.
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Biden and Future of Nord Stream 2
TEHRAN (Shana) -- The United States implemented its annual budget bill as the year 2021 started. It includes expansion of sanctions against the Nord Stream 2 gas pipeline.
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Biggest Oil/Gas Opportunity in Iran
TEHRAN (Shana) -- Oil sanctions against Iran remain effective. But the country says it would export 2.3 mb/d of oil and condensate this year. Many experts believe that Iran’s return to the oil market is unlikely to cause any shock.
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Diplomacy of Silence
TEHRAN (Shana) -- The silence diplomacy. That describes the policy Iran’s Minister of Petroleum Bijan Zangeneh adopted after US President Donald Trump quit the 2015 Iran nuclear deal in 2015 and re-imposed oil sanctions on Iran.
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The US is Loser in Imposing Sanctions on Iran
TEHRAN (Shana) -- The head of "Committee for Developing Iran’s Economic Cooperation with Iraq and Syria" has said the United States was the loser due to Washington’s failure to zero Iran’s oil and gas exports.