Asian imports of Iranian crude fell nearly 22 per cent from a year ago to below 1 million barrels per day (bpd) in January, led by cuts in India, where refiners had been asked to curtail orders ahead of a visit by US President Barack Obama.
At least $1 billion in cash has been smuggled into Iran as it seeks to avoid Western sanctions, a bigger figure than previously reported, Iranian officials and Western intelligence and diplomatic sources say.
Sanctions imposed by
The United States and its allies are discussing imposing more sanctions against Russia for undermining a European-brokered truce in eastern Ukraine, US Secretary of State John Kerry said on Saturday.
Kerry made the comments as he
Iran has earned $1.35 billion for selling more than 3 million tonnes of fuel oil in the 10 months to Jan. 21, up 30 per cent in revenue from the same period of last year, oil ministry news website Shana cited an official as saying
Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the US-allied UAE, trading sources told Reuters.
The US an
Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the United Arab Emirates, trading sources told Reuters.
The US and EU sanctions that ca
Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.
As prices of food, water and electricity rise further beyond reach, struggling Iranians are losing belief in their pragmatic president, Hassan Rouhani, and his promise of a brighter future.
The country has been hit by the double h
Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, Energy Minister Alexander Novak said.
The sanctions over Russia's role in the
The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief executive said on Thursday.