Iran

Oil & Gas

US says no change in plans to halt Iranian oil waivers

31/05/2019

The U.S. State Department sought to quash speculation that the Trump administration is easing its clampdown on Iranian oil exports after a sanctions waiver program ended May 2, saying there was no softening in the American stance that any country buying Iran’s oil would be subject to penalties.

Oil & Gas

India ‘plans’ to pay five Iranian banks for oil imports

19/12/2018

India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome U.S. sanctions, according to people with knowledge of the matter.

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