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Tag Archives: iran deal

Iran to ink oil deals worth tens of billions of dollars in next two years

Oil contracts worth tens of billions of dollars will be signed within the next two years, oil minister Bijan Namdar Zangeneh said in Tehran on Monday, quoted by state news agency Irna. ‘The post-sanction era is a proper opportunity for cooperation of Iranian legal institutions with international companies,’ he told reporters at the opening of an energy law conference in ...

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Iran nuclear deal is done, but not the debate in Congress

WASHINGTON — It’s a done deal, yet opponents of the Iran nuclear agreement won’t go quietly. The 60-day congressional review period has expired, and last week the State Department outlined its plan to put in place an accord that aims to prevent Iran from acquiring nuclear weapons. Congress is poised to start cranking out legislation to reinstate sanctions or shore ...

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ND Democrat Heitkamp backs Obama on Iran nuclear deal

BISMARCK, N.D. — Democratic U.S. Sen. Heidi Heitkamp announced her support Thursday for President Barack Obama’s Iran nuclear deal, a politically risky move in a Republican-dominated state where she is weighing a run for governor. The deal now has the backing of 37 senators after Heitkamp and two Democratic colleagues joined the list on Thursday. Their support came one day ...

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Secretary of State Kerry: Iran nuclear deal is good for U.S., Israel

Secretary of Sate John Kerry looked and sounded like a salesman pitching the deal of the century yesterday morning during a speech supporting President Obama’s Iran nuclear deal at Philadelphia’s National Constitution Center. Though the deal became veto-proof earlier in the morning when Maryland Sen. Barbara Mikulski became the 34th senator to announce her support, Kerry nevertheless used the hard ...

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Foreign firms scramble to fix Iran’s refineries once sanctions end

LONDON – International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran’s oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives. Officials from Iran’s oil refining company NIORDC, its National Petrochemical Company and the privately owned Persian Oil and Gas are holding talks with ...

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Iran oil output could jump sharply post-sanctions – IEA

LONDON – Iran could raise its oil output by as much as 730,000 barrels per day (bpd) from current levels fairly quickly after sanctions are removed, the International Energy Agency said on Wednesday. The West’s energy watchdog estimated that Iranian oilfields, which pumped around 2.87 million bpd in July, could increase production to between 3.4 million and 3.6 million bpd ...

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Senator: If US quits deal, sanctions still will hurt Iran

WASHINGTON — The lone Democratic senator to publicly oppose President Barack Obama’s nuclear agreement with Iran said Tuesday that even if the U.S. backs away and other countries lift their sanctions, Iran still will feel “meaningful pressure” from the U.S. penalties. The deal between would curb Iran’s nuclear program in exchange for billions of dollars in relief from crippling sanctions. ...

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