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

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Saipem Cuts Earnings Outlook as Middle East Costs Rise

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Hormuz Crossings Decline as US Renews Iran Blockade

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Oil Climbs on US-Iran Deal Uncertainty

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

Current News

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Strait of Hormuz Shipping Marks Slight Rise

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

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