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

Oil Goes Down 2% as Saudi Supply Concerns Recede

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Surges to Four-Week High as US-Iran Trade Blows

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Current News

Oil Goes Down 2% as Saudi Supply Concerns Recede

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

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