US Grants Temporary Iran Oil Waivers to Eight Countries

Monday, November 5, 2018

The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran's banking, energy and shipping industries.

Some of the eight countries - China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea - include OPEC member Iran's top customers.

Pompeo said more than 20 countries have already cut their oil imports from Iran, reducing purchases by more than 1 million barrels per day.


(Reporting by Lesley Wroughton, Susan Heavey and Humeyra Pamuk; Editing by Frances Kerry)

Categories: Tankers Oil Middle East Government Update Legal

Related Stories

MidEast Energy Output Recovery to Take Two Years, IEA Says

Saipem Bags $400M in Offshore Contracts from Aramco in Saudi Arabia

Philippines Seeks US Extension to Buy Russian Oil

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

China Calls for De-Escalation as US Threatens Hormuz Blockade

Oil Surges Over 7% to Above $102 Ahead of US Hormuz Blockade

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Energy Crisis from War on Iran Deeper Than Widely Assumed

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

Thai Tanker Transits Hormuz after Iran Talks

Current News

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com