Iran’s Millionaires Multiply As 30% of Population Lives Below Poverty Line
By Kayhan Life Staff
In its May 26 report, the Majlis (Iranian Parliament) Research Center said the poverty rate in Iran had increased from 19 percent to 30 percent in the past decade, i.e., 30...
OPEC Plans No Immediate Action After Iran Urges Israel Oil Embargo, Sources Say
By Elwely Elwelly and Ahmad Ghaddar
DUBAI/LONDON, Oct 18 (Reuters) - OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation...
ANALYSIS – China Saves Billions of Dollars From Record Sanctioned Oil Imports
By Chen Aizhu and Muyu Xu
SINGAPORE, Oct 11 (Reuters) - China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters' calculations based on data from...
OPEC Oil Output Rises in August as Iran Hits 2018 High – Survey
By Alex Lawler
LONDON, Aug 31 (Reuters) - OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members...
Frozen Iranian Assets Transferred to Swiss Central Bank – S.Korean Media
SEOUL, Aug 21 (Reuters) - Iranian assets that had been frozen in South Korea were transferred to Switzerland's central bank last week for exchange and transfer to Iran, South Korean media reported on Monday.
The Swiss National Bank...
Iran Says Oil Exports Surpass Exceed Daily Targets
DUBAI, Aug 13 (Reuters) - Iran's oil exports have surpassed the government's 1.4 million barrels per day target, the head of Iran's Plan and Budget Organisation said on Sunday, according to the semi-official Tasnim news agency.
"Based on Iran's...
China Pulls Out of Oil Deal with Iran
By Kayhan Life Staff
China Petroleum and Chemical Corporation (Sinopec) has pulled out of the Yadavaran Oil Field project in the southwestern province of Khuzestan, according to Hamid Hosseini, the director of the Iranian Oil,...
Iran to Raise Oil Output Amid Curbs on Production
DUBAI, Aug 9 (Reuters) - Iran will produce an extra 250,000 barrels per day (bpd) of oil by the end of summer, the semi-official Tasnim news agency reported on Wednesday citing the head of the National...
Iran Will Pursue Durra Gas Field Oil Rights if Other Parties Shun Cooperation
DUBAI, July 30 (Reuters) - Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency.
"If...
Kuwait To Drill Durra Field Before Iran Border Demarcation -Minister
DUBAI, July 27 (Reuters) - Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran.
Al...
