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Iran to create new oil export organization

Iran to create new oil export organization

London, Asharq Al-Awsat—Iran’s oil minister, Bijan Namdar Zanganeh, has been tasked with creating a new organization to boost sales of Iranian oil and counter Western sanctions on Iranian oil exports, according to reports in the Iranian media. Zanganeh approved...
India reduces oil imports from Iran

India reduces oil imports from Iran

London, Asharq Al-Awsat—Iranian oil exports face further setbacks after the Indian Oil Corporation (IOC) announced plans to reduce its imports from the heavily sanctioned Islamic republic by 23 percent, according to Veerappa Moily, the Indian minister of petroleum and...