Japanese shippers will start loading on Friday their first cargo of Iranian oil in a month and a half, after the government provided insurance guarantees to replace EU coverage which was suspended due to sanctions against Iran, sources said.
Tag: oil
Sanctions cut Iran’s July oil exports to near 1 million barrels per day
Iran’s daily oil exports in July could fall below half the average shipped in 2011 before tough new Western sanctions stemmed the flow.
Iran threatens to stop imports from South Korea over oil halt
Iran threatened Wednesday to halt all imports of goods from South Korea in response to Seoul’s announcement a day earlier that it would stop accepting Iranian oil.
South Korea to halt Iran oil imports as EU ban bites
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.
EU’s Iran Oil Sanctions To Take Effect On July 1
The European Union says its embargo on Iranian crude oil will take effect as planned on July 1. EU foreign ministers meeting in Luxemburg said in a statement that all contracts for importing Iranian oil will have to be terminated as of that date.
Computer virus briefly hits Iran’s oil industry
Iran’s key oil industry was briefly affected by the powerful computer virus known as “Flame” that has unprecedented data-snatching capabilities and can eavesdrop on computer users, a senior Iranian military official said Wednesday.
India To Cut Iranian Oil By 11 Percent
India, facing U.S. pressure, says it will cut purchases of Iranian oil by 11 percent.
India reduces oil imports from Iran
Iran’s oil exports to India fell by 34 percent in April compared to March 2012.Reuters reports that India is trying to reduce its oil imports from Iran in line with U.S. and EU sanctions on Iranian crude.
Officials Confirm Iran Oil Ministry Targeted By ‘Cyberattack’
Iranian officials have confirmed that the Islamic republic’s Oil Ministry and affiliated offices have come under a cyberattack.
Oil Prices Down As Iran Agrees To Resume Talks Over Nuclear Programme
Oil prices fell more than $1 on Monday after Iran agreed to resume talks over its nuclear programme, easing fears of a supply disruption in the Middle East.