Sunday 26 October 2014
 
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Sanctions

EU lifts sanctions on Iran’s top oil tanker

European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday. An EU official

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US, EU hit Russia with more Ukraine sanctions

The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east.

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Rise in Iran oil storage to help export flexibility

A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to export crude, the International Energy Agency (IEA) said on Thursday. The United States and the European Union have imp

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US prepares new round of sanctions on Russia

The United States is preparing a new round of economic sanctions against Russia for its incursion into Ukraine, a senior White House official said on Thursday on the fringes of a Nato summit in Wales. Deputy White House national s

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Iran oil minister vows to bypass sanctions

Iranian Oil Minister Bijan Zanganeh said Tehran would continue to bypass sanctions after the US penalised a number of companies for violating sanctions imposed on Iran, mostly in connection with its nuclear programme. On Friday, the US

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Iran targets refining capacity of 3 million bpd by 2018

Iran hopes to boost its oil refining capacity to 3 million barrels per day by 2018 from 1.9 million now with the opening of new refineries as the Opec member seeks to reduce its dependency on imports of oil products, Iranian media reported.

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US condemns Russian convoy into Ukraine

The US demanded Moscow remove an aid convoy it sent into rebel-held eastern Ukraine without permission on Friday, accusing Russia of a flagrant violation of the sovereignty of its former Soviet neighbour and threatening more sanctions.

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Qatar refuses to sign GCC committee report

Qatar has refused to sign a final report by a GCC committee monitoring the implementation of a Riyadh agreement on ending diplomatic dispute between Doha and other member states, a senior Gulf diplomat said yesterday. He told Asha

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Russia may ban car imports if hit with new sanctions

Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported on Monday.

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Iran ‘overly optimistic about oil production’

Iran's Oil Minister Bijan Zanganah has boldly suggested that production could be boosted by 700,000 barrels per day within two months of sanctions being lifted. Yet there is growing consensus that this is exceptionally optimistic, a report s

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