Tag: US sanctions

US warns German companies over Nord Stream 2 involvement

US warns German companies over Nord Stream 2 involvement

The US has warned German stakeholders in the Russian-led Nord Stream 2 pipeline that sanctions could be imposed on them if they continue their involvement in the project. US President Donald Trump has described Germany as being a “captive” of Russia as a result of its reliance on Moscow’s energy […]

Iran will not comply with US sanctions

Iran will not comply with US sanctions

Iran will not comply with the “fully illegal” US sanctions imposed on Tehran, according to the country’s oil minister Bijan Zanganeh. Speaking at a joint news conference in Baghdad with Iraqi Oil Minister Thamer al-Ghadhban, Zanganeh said Iran would not disclose the extent or destination of its oil exports while […]

US to let eight countries to continue to buy Iranian oil

US to let eight countries to continue to buy Iranian oil

The US Government has granted eight countries permission to continue buying Iranian oil following the imposition of new sanctions on the Islamic republic next week. The biggest importers of Iranian crude, all of which are in Asia, have been requesting sanction waivers that will allow them to continue to purchase […]

OPEC increase output to highest since 2016

OPEC increase output to highest since 2016

OPEC has increased its oil production in November to the highest level since 2016, according to a Reuters survey which found that higher output lead by the UAE and Libya more than compensated for reduced Iranian exports. Collectively the 15-member bloc produced 33.31 million barrels per day in October, up […]

US concerned Iran will bypass sanctions by going through Russia

US concerned Iran will bypass sanctions by going through Russia

The US has been said to be concerned that Russia could help Iran avoid US sanctions on its oil by buying it from Tehran and selling it on as a Russian commodity. America is set to introduce stringent sanctions on Iran early next month that are aimed at bringing Iranian […]

Stopping Iranian oil exports is a “political bluff”

Stopping Iranian oil exports is a “political bluff”

The head of state-owned National Iranian Oil Company, Ali Kardor, has been quoted by the Tasnim news agency as saying America’s call to cut Iran’s oil exports to zero is a “political bluff”. Officials from the US have said the country aims to cut Iranian oil exports to zero, in […]

Total commit to Russia despite threats of sanctions

Total commit to Russia despite threats of sanctions

Total has highlighted its commitment to Russia, despite fears of international sanctions, as it emerges as one of the prominent foreign operators in the country’s expansive oil and gas industry. A combination of geopolitical fears and uncertainty over political sanctions has forced some international energy firms to retreat from the […]

BP chief: US sanctions on Russian oil would damage Europe

BP chief: US sanctions on Russian oil would damage Europe

BP chief executive Bob Dudley has said further US sanctions on Russian oil and gas companies could have severe implications for energy systems in Europe. At the Oil and Money 2018 event in London the CEO of BP, which holds just under 20% of Rosneft, said: “I do not think […]