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Venezuela defies US sanctions with first Iranian crude import: Report
An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid US sanction tripwires.
Iran tops world’s oil, gas exploration list
Deputy Managing Director of the National Iranian Oil Company for Exploration Affairs Saleh Hendi said that by exploring 4.9 billion barrels liquid hydrocarbon in 2019, the NIOC is standing on the top of oil giants in the world.
Iran's 25th oil expo to be held in October
Iran's oil company announced on Wednesday the 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15, 2020, in Tehran.
Oil falls further amid growing alarm over coronavirus second wave
Oil futures fell further on Wednesday after big declines the previous session with Brent sliding below $40 a barrel for the first time since June as COVID-19 cases rebounded in several countries.
Production capacity of South Yaran field raised to 25,000 bpd
The daily production capacity of the South Yaran oilfield, which Iran shares with Iraq in the West Karoun region, has reached 25,000 barrels following the installation of a mobile oil separator (MOS) in the field.
Iran blocked from trading a drop of oil in exchange for food, medicine: Official
The head of Iran’s Plan and Budget Organization said that the country is facing bans harsher than oil-for-food sanctions as it is being prohibited from trading its oil in exchange for food or medicine.
Oil set for weekly loss on strong dollar with supply woes rising
Futures fall 0.7 percent, heading for first weekly decline since July
Oil in New York is poised for the biggest weekly decline since early June after gains in the dollar reduced the appeal of commodities priced in the US currency, with concerns about over-supply mounting.
First phase of Iran's Jask oil terminal to be launched by March: Project official
The first phase of Iran’s key oil terminal in Jask region on the Sea of Oman will become operational by March 2021, said a project contractor on Tuesday, as the country presses ahead with plans to allow crude exports outside the Strain of Hormuz in the Persian Gulf.
Maduro thanks Iran for helping Venezuela’s oil industry overcome US sanctions
Venezuelan President Nicolas Maduro on Sunday thanked Iran for helping the South American country overcome US sanctions on its oil industry.
NIOC to export first oil cargo from Jask by March: PEDEC
Considering progress in Goreh-Jask oil pipeline project, the National Iranian Oil Company (NIOC) will be able to export its first oil cargo from Jask terminal by the end of the current Iranian calendar year (March 20, 2021), said the managing director of Petroleum Engineering and Development Company (PEDEC).
Oil climbs for third straight week, buoyed by producers holding back output
Oil prices rose in early trade on Friday, on track for a third straight week of gains, buoyed by major oil producers’ efforts to hold back output amid concerns about the economic recovery from the coronavirus pandemic.

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