Tag: oil

Sanctions push Iran’s oil exports to lowest in decades

  Western sanctions drove Iran’s crude exports to the lowest in decades in May, according to industry sources and tanker-tracking data, even before Washington toughens measures aimed at squeezing oil sales further. Crude shipments dropped to 700,000 barrels per day (bpd) last month, the data from sources showed, about a third of Iran’s oil exports […]

Anniversary of Iran’s Oil Nationalization

  29th of the Iranian month of Esfand corresponding with March 20 reminds a considerable event in Iran’s history: The Oil Nationalization Day.” It is a turning point in the history of Iranians’ struggle against the British colonial dominance over Iran’s oil. Iran’s oil was first exploited under the supervision of George Bernard Reynolds in […]

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