Under the Radar: Iran’s oil Exports Harder to Track as Sanctions Loom

According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4. But more precisely, Iran’s shipment figures – crucial to oil markets – are already a mystery. Iran’s oil exports are becoming
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China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the U.S. prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter. The freeze on imports by China National Petroleum Corp. and Sinopec is temporary and purchases may resume depending
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Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbour by the United States, two sources familiar with Iraqi oil export operations said on Friday. Currently, Iraq is exporting less than 30,000 barrels per day (bpd) to Iran via truck, the sources told
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TEHRAN: The first trilateral meeting between India, Afghanistan and Iran of the Coordination Council of the Chabahar Agreement took place on October 22 in Tehran. The Indian delegation was led by T.S. Tirumurti, Secretary (Economic Relations), while the Afghan and Iran delegations were led by respective Deputy Ministers of Transport. “Detailed discussions were held between
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Notwithstanding US sanctions against Tehran coming into force in the next ten days, India took steps to operationalize  Chabahar port  it was constructing in Iran to facilitate movement of cargo to war torn Afghanistan by passing Pakistan. At a trilateral meeting held in Tehran on October 23 between representatives of India, Iran and Afghanistan it
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The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington plans new sanctions targeting Iran’s oil sector from Nov. 4 with the aim of stopping the country’s involvement in conflicts in Syria and Iraq, and
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Iran’s crude oil exports and production have declined since the May 2018 announcement by the United States that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions against Iran. The announcement included two wind-down periods to allow those doing business that involved Iran time to comply. On August 6, 2018,
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U.S. Treasury Secretary Steven Mnuchin said on Sunday 21 October 2018 it will be harder for countries to get waivers on Iran oil sanctions than during the Obama administration and dismissed concerns that oil prices could rise, saying the market had already factored in the losses. In an interview with Reuters in Jerusalem at the start of
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Asian buyers of Iranian oil are gaining confidence they will win U.S. consent for some imports to continue even after American sanctions snap back next month. Major Iranian customers South Korea, India and Japan are in talks with Washington for waivers, highlighting the specific reasons they need to continue purchases, according to people familiar with
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For ordinary Iranians, a sudden shortage of tomato paste, is an omen that U.S. sanctions, combined with their government’s mismanagement of the economy, could make basic foods more expensive, and harder to find. Tomato paste is a crucial ingredient in many Iranian dishes, and inevitably, panic-buying has set in. The fears are not misplaced: the
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