Energy

China keeps buying oil from Iran

China keeps buying oil from Iran and will use the National Iranian Tanker Co (NITC) for nearly all their imports to be shipped, reports Reuters. China has recently cut its crude oil purchases from the […]

Energy

Tehran offers oil cargo insurance to India

In order to keep its oil clients in Asia, Iran has started to offer cargo insurance to India, reports Reuters. Iran’s key market for oil located in Asia is under threat as the U.S. sanctions […]

Energy

Oil Ministry changes management duration

The Oil Minister, Bijan Zanganeh, is imposing four-year term limits for all top oil managers at state-run energy companies, writes Bloomberg. The new rule will take place since October 2018 and it will affect the […]

Energy

Iran offers petroleum at Energy Bourse

More than 20 years after the establishment of the Energy Bourse, the private sector has been granted permission to take part in crude oil trade. The Government is seeking new ways to sell its crude […]

Energy

The Oil Minister at the Parliament

The Minister of Oil, Bijan Zangeneh which had visited the parliament to answer the questions of a number of representatives, called the objection of some representatives towards increased cooperation with foreign companies a mistake and […]

Energy

Iran carries oil to India at no cost

Abrar Eqtesadi writes that by offering incentives to Indian refineries, Iran plans to increase its share of the Indian oil market. Four Indian refineries can receive their deliveries free of charge at the coast. Indian […]