Iran Restricts Supply of Cheap Oil to Syria, Doubles the Price for Crude -WSJ
Jan 15 (Reuters) - Iranian officials have told Syria they would now have to pay more for additional shipments of oil, which will double the price to a market rate of more than $70 a barrel,...
Exclusive-US Issues New 120-Day Waiver Letting Iraq Pay Iran for Electricity
By Arshad Mohammed
WASHINGTON, July 18 (Reuters) - The United States on Tuesday moved to let Iraq pay Iran for electricity via non-Iraqi banks, a U.S. official said, a step Washington hopes may keep Tehran from forcing unpopular power...
Iran’s Oil Minister Visits Venezuela
CARACAS - Iranian Oil Minister Javad Owji arrived in Venezuela on a visit meant to "strengthen energy relations," the South American country's foreign ministry said.
The trip will include visits to the facilities of state oil company PDVSA,...
Islamic Republic Ministries, Central Bank Implicated In $3.37 Billion Corruption Scandal
By Roshanak Astaraki
The Islamic Republic of Iran’s ministries, customs office and central bank are implicated in a $3.37 billion corruption scandal centered on tea imports and orchestrated between 2019 and 2022 by the Debsh...
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,...
Sri Lanka Set to Start Tea-for-Oil Barter With Iran Next Month
By Uditha Jayasinghe
COLOMBO, June 23 (Reuters) - Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit...
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...
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...
Investors Eye Middle East Conflict
Oct 16 (Reuters) - European shares climbed on Monday, with miners in the lead on optimism around demand from top consumer China, although trading was cautious as investors weighed prospects of an escalation in the Middle...
OPINION: Iran Could Profit From Its Natural Gas Resources, Export Electricity
By Dr. Taghi Alereza
Iran, after Russia, has the largest natural gas reserves in the world. Due to a number of issues, however, the country has not been able to benefit from these vast resources.
Iran...
