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FACTBOX: Iran readies for oil sanctions relief, as Rouhani says JCPOA deal close

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iran s President Hassan Rouhani said May 20 that a main agreement has been reached, with the US broadly committing to lifting its sanctions targeting Iran s oil, petrochemical, shipping, insurance and banking sectors, though final details have yet to be settled. US officials have been more circumspect, saying only that the four rounds of discussions so far have crystalized what steps each side still needs to take. With Iran scheduled to hold its presidential election June 18, S&P Global Platts Analytics expects the nuclear negotiations to reach a framework deal in May, with full oil sanctions relief by September.

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Iran marks milestone by sending oil to terminal on Sea of Oman

Iran marks milestone by sending oil to terminal on Sea of Oman Wednesday, 19 May 2021 11:30 AM [ Last Update: Wednesday, 19 May 2021 11:37 AM ] The Goureh-Jask oil pipeline is about to carry 1 million barrels per day (bpd) of crude from Iran s West Karun oil fields to the southeastern coast on the Sea of Oman. Iran has started sending oil to a new terminal on the Sea of Oman through a pipeline that bypasses the Strait of Hormuz, Chief Executive of the National Iranian Oil Company Mehdi Karbasian says. The Goureh-Jask oil pipeline is about to carry 1 million barrels per day (bpd) of crude from Iran s West Karun oil fields to the southeastern coast on the Sea of Oman, shifting a major part of Iran s exports from the Kharg Island terminal in the Persian Gulf.

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Iran to export first crude cargo from Oman Sea coastal terminal in June: minister

Iran to export first crude cargo from Oman Sea coastal terminal in June: minister
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Iran to export first crude cargo from Oman Sea coastal terminal in June: minister

Tehran Iran will ship the first cargo of crude oil from its new terminal at Jask on the Oman Sea Coast in June, following completion of a key oil export pipeline that bypasses the Strait of Hormuz, oil minister Bijan Zanganeh said May 17, the ministry s news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Construction of the Goureh-Jask oil pipeline has finished, Zanganeh said, referring to the conduit that will carry 1 million b/d of crude from Iran s West Karun oil fields to the southern coast on the Sea of Oman for export.

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Iran activates game plan for oil comeback in 2021 in test for Biden administration

Iran activates game plan for oil comeback in 2021 in test for Biden administration Emboldened by the change in US presidency, Iran is pushing more oil onto the market, even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic. Preliminary estimates suggest that Iran many have shipped somewhere between 800,000 b/d to 1 million b/d of crude and condensate last month, largely to China. That is a sharp rise from last year when tough US sanctions enforcement pushed volumes as low as 500,000 b/d in some months, according to industry and shipping sources.

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