Iran Archives | Ibe Kachikwu

22nd February 2022

Iran Prepares to Return to International Oil Markets Amid Reports Sanctions Will be Lifted

According to Bloomberg, Iran is preparing to re-enter international oil markets, with representatives from the National Iranian Oil Company meeting with two South Korean refiners to negotiate supply agreements. South...

21st February 2022

Iran Expects Higher Oil Export Revenues This Year

Based on the proposed budget for the year ending March 2023, Iran expects increased oil export profits in the coming fiscal year. The proposal includes oil export receipts that are...

14th February 2022

Iran Oil Exports Jump Over 1 Million Bpd for the First Time in 3 Years

According to Reuters, crude oil shipments from Iran have surpassed 1 million barrels per day (bpd) for the first time since 2019. China, unsurprisingly, is the largest buyer of oil....

14th December 2021

Iran may Resume Oil Export to Europe and the Mediterranean in January 2022

The benchmark against which the National Iranian Oil Company (NIOC) prices its crude for Europe and the Mediterranean will alter on January 1—a move that dealers tell Argus could signal...

24th November 2021

Iran and Azerbaijan Agree to Cooperate on Oil and Gas After Years of Differences

Iran and Azerbaijan have reportedly reached a landmark agreement in principle to cooperate on oil and gas issues. While details on the deal are still vague, it appears that Baku...

15th January 2021

Barkindo says there is no reason to Panic Amidst Iranian Oil Return

During the "Gulf Intelligence Global UAE Energy Forum 2021" on Wednesday, 13th January 2021, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), His Excellency Mohammed Barkindo, addressed the...

14th September 2020

OPEC Celebrates 60th Anniversary

On the 14th of September 1960 in Al-Shaab Hall in Baghdad, the Organisation of Petroleum Exporting Countries was birthed. The five founding fathers were Juan Pablo Pérez Alfonzo of Venezuela;...