National Iranian Oil Company
Coverage of National Iranian Oil Company in the Nexus archive.
- Iranian oil option returns for Pakistan
Pakistan may resume importing Iranian crude oil as US sanctions ease, but technical and commercial challenges like high furnace oil yield and limited domestic demand persist. Local refineries previously imported Iranian oil until sanctions halted purchases, and upgrades are needed to process heavy crude effectively.
- Oil falls after US-Iran talks conclude in Switzerland
Oil prices fell after US-Iran talks in Switzerland concluded, with Iran securing waivers for oil and petrochemical exports, easing global supply shortage concerns. The talks aimed to extend a ceasefire, and Iranian officials highlighted the potential return of 1.5 million barrels per day of Iranian crude to international markets.
- United States Files Civil Forfeiture Complaints Against $15M in Funds Allegedly Linked to Iranian Oil Shipping Network
The United States has filed civil forfeiture complaints against $15 million in funds allegedly connected to an Iranian oil shipping network. The funds are claimed to provide influence over the National Iranian Oil Company and Iranian military entities, and are allegedly intended to violate U.S. sanctions under the International Economic Emergency Powers Act.