East Asia

/East Asia

Iranian oil could take months to flow after a nuclear deal

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. (Reuters) March 5, 2022 A deal to limit Iran's nuclear programme would lead to sanctions on its oil sector being lifted but it could take several months for [...]

By |March 5th, 2022|East Asia, Europe, Middle East, North America, USA|

Sanctioned Russian tanker carrying Iranian oil heading to Malaysia

The Iranian-flagged oil tanker Fortune is docked at the El Palito refinery in Venezuela on 25 May 2020. (AFP) March 1, 2022 A Russian-flagged ship targeted by US sanctions and suspected of carrying Iranian oil is heading to Malaysia, shipping data showed on Monday. The Linda, a crude oil tanker identified in a US [...]

By |March 1st, 2022|East Asia, Malaysia, Russia|

China buys more Iranian oil now than it did before sanctions, data shows

Crude oil tanks of CNPC (China National Petroleum Corporation) are pictured at the Port of Rizhao in Rizhao city, east China's Shandong province, 12 May 2015. (Getty) March 1, 2022 China's purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject [...]

By |March 1st, 2022|East Asia|

India plans urea import deal with Iran using rupee payments

Farmers sprinkle fertilizer on a wheat field on the outskirts of Ahmedabad, India, Dec 15, 2015. (REUTERS) February 25, 2022 India plans to pay in rupees for its first long-term urea import deal with Iran to hedge itself from global supply disruptions, higher prices and forex volatilities, sources familiar with the matter said, [...]

By |February 25th, 2022|East Asia, India|

Iran to sell oil to South Korea if nuclear deal is sealed

An Iranian labourer walks the platform of an oil facility on Khark Island, on the shore of the Gulf. (AFP) February 24, 2022 Iran is expected to begin selling its oil in significant volumes to South Korea if a nuclear deal is signed. The Middle Eastern country may have as many as 65 [...]

By |February 24th, 2022|East Asia|

Tanker carrying Iranian oil caught fire near China’s shores

A crude oil tanker is seen at Qingdao Port, Shandong province, China. (Reuters) February 21, 2022 A tanker carrying half a million barrels of oil originating in Iran caught fire near China’s shores on Friday but the crew controlled the blaze. One day after the incident, Iran’s official IRNA news agency denied there [...]

By |February 21st, 2022|East Asia|

Cargo ship reportedly owned by Iran security chief impounded in India

Secretary of Iran’s Supreme National Security Council Ali Shamkhani. (Fars) February 19, 2022 A cargo ship reportedly belonging to the sons of Iran's top security official Ali Shamkhani has been impounded in one of India’s ports. The container vessel, named Kabul, belongs to the Admiral Shipping Company that Iranian media said is owned by Hassan and Hossein [...]

By |February 19th, 2022|East Asia, India|

Group alleges US firm’s tanker illicitly traded Iran oil

Vessels identified as the Virgo, left, and the Suez Rajan by the advocacy group United Against Nuclear Iran are seen in the South China Sea on Saturday, Feb. 13, 2022. (AP) February 18, 2022 A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian [...]

By |February 18th, 2022|East Asia, North America, USA|

S.Korea, Iran hold talks on resuming oil trade, unfreezing funds

South Korea's top refiner SK Energy's main factory is seen in Ulsan, about 410 km (256 miles) southeast of Seoul, February 25, 2009. (REUTERS) February 16, 2022 South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South [...]

By |February 16th, 2022|East Asia|

Business leader says China pays for Iran’s oil with goods

Crude oil tanks of CNPC (China National Petroleum Corporation) are pictured at the Port of Rizhao in Rizhao city, east China's Shandong province, 12 May 2015. (Getty) February 16, 2022 The Chairman of the Iran-China Chamber of Commerce has said that Iran had “imported goods in return for all the oil that we [...]

By |February 16th, 2022|East Asia|