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Iran: “OPEC Performed Well in Oil Market.”
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the Organization of the Petroleum Exporting Countries (OPEC) had performed well in the oil market given the increase and
... free on board (FOB), and the cash has been settled.” “The cargoes US seized were without any flag or vessel and did... not belong to Iran. the cargoes had already been sold free on board. However, the US still wishes to declare victory.” ...
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How OPEC Turned Page in 2018
TEHRAN (Shana) -- Two key ministerial meetings of the Organization of the Petroleum Exporting Countries convened in 2018 were the among the most significant oil developments of last year.
... In 2018, when US President Donald Trump pulled out of the 2015 nuclear deal with Iran and caused headaches for OPEC...-Iran stance and policy drew condemnations worldwide; however, some OPEC producers, showing support for the US decision and...
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Saudi-Qatar Row and Oil/Gas Market
TEHRAN, July 24 (Shana) -- The severance of diplomatic ties between Qatar and a Saudi-led alliance of Arab governments has given rise to the worst diplomatic crisis in the Arab world since
..., besides Saudi Arabia are Iran and Russia involved in the deal and Qatar has no intention of damaging its relations with these... countries to cut ties with Qatar, the economic sector has been affected. Ever since Saudi Arabia, Bahrain and the United Arab...
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$50k: Average Income of Each NITC VLCC
TEHRAN, June 21 (Shana) – Commercial Director of National Iranian Tanker Company (NITC) says each Very Large Crude Carrier (VLCC) earnt the company an average of 50,000 dollars per day in 2015.
... international seas. Since JCPOA, a deal struck by Iran and the P5+1 group of countries over Tehran's nuclear program, was... have none of them idling around; all the issues with flag, classification societies and insurers have been sorted out and...
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Two Int’l Energy Conferences in November
Post-Sanction Iran to Reclaim Global Energy Hub Standing
Iran, the world's largest holder of oil and gas reserves combined, to regain its heavy-weight title following removal of the sanctions.
... The Third Summit of the Gas Exporting Countries Forum (GECF) which will convene on November 23 in Tehran and the Iran...,” he stressed. In the wake of nuclear deal in July, Iran has hosted high-ranking officials and corporate executives of...
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Shana Exclusive Interview
US Sanctions Suicidal to West: Gordon Duff
Tehran June 29 (Shana)--Shana has conducted an interview with Gordon Duff on a range of petroleum issues. He believes that US and EU sanctions have been economically suicidal for the West and
... routes. In the end, Iran will be a big player in Asia and eventually into Southeast Asia. Shana: Now, let us shift to..., fabricated crises and false flag terrorism are seen as “marketing strategy.” Wars of aggression, threats to pipelines...
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China And Russia Begin Teasing Washington
Moscow and Beijing have teamed up and appear determined to send a message to the White House, singly and together, which translated could mean, “Don’t mess with us” and “Stay clear of our allies.”
... Kyrgyzstan , all members of the Shanghai Cooperation Organization (SCO), considered a buffer to US oil and gas ambitions in the... Caspian. The SCO claims its mission is counterterrorist but while Iran , India , Pakistan and Mongolia have been...
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Venezuela's Chavez to Use Oil As Card to Lure China's Backing at UN
CARACAS - President Hugo Chavez will during his visit to China this week offer to supply up to 20 pct of China's crude oil needs if Beijing backs Venezuela's bid to join the UN Security Council, according to analysts.
... new clients for Venezuelan crude. Currently the US is Venezuela's main trade partner and by far its largest oil customer... power quietly growing and challenging US dominance,' Caracas Metropolitan University political expert Elsa Cardoso told...
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Oil Set To Hit New Peaks This Year
LONDON -- A blistering four-year rally in crude oil shows no sign yet of running out of steam and crude could top $80 a barrel this year, boosting fuel costs for consumers and businesses, analysts
... looking at equality projections which flag $72.30, $75 and $76.90 as near-term targets. U.S. crude from June through the end... will grow bigger in the latter half of the year. "There's a sense that Iran has heated up and if it's going to come to a...
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Pipeline from Iran to India to Cost Us$7-8 Bln
MUMBAI - India estimates that a proposed gas pipeline from Iran to Pakistan and India is expected to cost US$7-8 billion. The project to pipe gas from OPEC member Iran to energy-hungry India was
...-km of pipeline from Assaluyah port in Iran (on Persian Gulf) to Indian border (Barmer district in Rajasthan), may be US... on capital employed of 12 percent, and US$1.35 if the return on capital employed was 20 percent. 11 Doubts have been...
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India, Pakistan to Debate Iran Gasline Today
NEW DELHI– India and Pakistan will today discuss how to finance the 4.1-billion dollar Iran-Pakistan-India gas pipeline project, the transit fee that Islamabad will charge for allowing the passage of
... Working Group meeting which will look at options of financing the project in the backdrop of US sanctions against Iran. Last... week, Pakistan and Iran had signed a Memorandum of Understanding for the implementation of the 2600-km project. New Delhi...
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Speaking for Europe, Chirac Warns Iran on Inspections
inspections of its nuclear sites, and suggested that Iran had violated the spirit of an agreement with France, Germany and Britain to curtail its nuclear programs, senior French officials said.
... to Iraq. "They know Iran is playing a positive role in Iraq and they have asked us to continue to play this positive... possible and has called for all foreign troops to be put under the United Nations flag. Mr. Kharazi also insisted that Iran...
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Legal Consequences of the Hague Tribunal's Ruling on Oil Platforms
TEHRAN -- The government of the United States targeted and destroyed Iranian oil platforms Resalat and Reshadat in the Persian Gulf on October 17, 1987. Six months later, Salman and Nasr platform
... to curb spate of attacks that were launched against ships carrying US flag at that time by Iran through planting sea... to reject US claims and explain to the tribunal that the main cause of tension in the region was Iraq's invasion of Iran...
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Energy Investments In The Arab World: Financial Options
About 60% of the world's proven oil reserves of roughly 1,048bn barrels and nearly 26% of proven gas reserves of 155 tera cu ms are located in the Arab world.
... are becoming increasingly important. For us in APICORP, based in the region and very active in the financing of.... For the moment there continues to be a heavy reliance on financing institutions; and as foreign banks merge and perhaps...