In an exclusive interview from the World Economic Forum, Emaar Chairman Mohammed Alabbar tells Access: Middle East why he's looking forward to a rapprochement with Iran, plus where he sees growth opportunities for Emaar.» Read More
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March 13- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
TOKYO, March 14- Japan's biggest refiner JX Nippon Oil& Energy has cut its annual crude contract with Iran by 27 percent, an industry source said, a move that will likely keep at bay any potential U.S. pressure over oil shipments from the Islamic republic.
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March xx- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
NEW DELHI, March 13- India imported about 36 percent less oil from Iran in February than in January, because of efforts to meet U.S. requests to restrict purchases from Tehran to 195,000 barrels per day in the six months to July 20, data from trade sources showed.
U.S. crude dropped 64 cents to $99.30 a barrel by 0034 GMT, after settling $1.09 down at $100.03, its lowest since Feb. 11. *Ukraine's government appealed for Western help on Tuesday to stop Moscow annexing Crimea but the Black Sea peninsula, overrun by Russian troops, seemed fixed on a course that could formalise rule from Moscow within days.
NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.
DUBAI, March 9- Dubai's non-oil trade expanded 7.6 percent last year, slowing from 13 percent growth in 2012, but the emirate's trade with Iran stabilised despite U.S. economic sanctions, according to Dubai customs data released on Sunday.
LONDON, Feb 28- OPEC's oil output has risen further in February from December's 2-1/ 2- year low, due to more shipments from Iraq and Angola, and further upward creep in Iranian exports, a Reuters survey found on Friday.
SINGAPORE, Feb 28- Brent crude futures slipped on Friday to below $109 a barrel on expectations demand growth will slow as severe winter weather eases, although supply worries kept losses in check for now.
*Top four buyers take 1.25 mln bpd from Iran in Jan. The OPEC member's oil sales in January to its four biggest buyers topped the 1 million barrels per day where Western powers wanted to hold shipments to maintain pressure on Iran to end the disputed programme.
LONDON, Feb 27- Iran's oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up.
TOKYO, Feb 27- U.S. crude oil dipped early on Thursday after rising the previous day when the contract was supported by a surprisingly small build in crude inventories. *U.S. crude futures for April delivery were down 28 cents at $102.31 a barrel by 0000 GMT, after finishing 76 cents higher on Wednesday.
*Extra shipments head to Syria, South Korea. LONDON, Feb 26- Iran's oil exports have risen further in February for a fourth consecutive month, according to sources who track tanker movements, adding to signs that the easing of sanctions pressure on Tehran is helping its oil exports to recover.
Senator John McCain said on Tuesday a proposed agreement to sell 24 Apache attack helicopters to Iraq should be reconsidered because of a Reuters report that Iran has signed a deal to sell Iraq arms and ammunition worth $195 million.
Senator John McCain said on Tuesday a proposed agreement to sell 24 Apache attack helicopters to Iraq should be reconsidered because of a report that Iran has signed a deal to sell Iraq arms and ammunition worth $195 million. Members of Congress have until Feb. 26 to hold up the Apache sale.
*Official confirmation by India that Iran seeking payment. NEW DELHI, Feb 25- India is ready to pay $1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following the partial easing of western sanctions on Tehran, Oil Secretary Vivek Rae said on Tuesday.
*India oil imports from Islamic state doubled in Jan. India's oil imports from Iran more than doubled in January from a month earlier after sanctions on Tehran were eased due to an interim deal on its nuclear programme. Essar received 141,900 barrels per day of oil from Iran last month, up from 54,200 bpd in December, according to the data obtained by Reuters.
Feb 21- U.S. aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran's nuclear activities.
*Iran is major backer of Assad. LONDON/ ANKARA, Feb 21- As Syria's war nears the start of its fourth year, Iran has stepped up support on the ground for President Bashar al-Assad, providing elite teams to gather intelligence and train troops, sources with knowledge of military movements say.
BEIJING/ NEW DELHI, Feb 21- Iran's top two oil customers China and India have boosted imports in January, taking in close to the total volume the Islamic republic is permitted to sell to all buyers following the recent easing of sanctions.