Latest news with #IranianOilMinistry
Russia Today
a day ago
- Politics
- Russia Today
Huge blaze after Israel strikes oil depot in Tehran (VIDEOS)
Israel struck an oil depot in Shahran, a northwestern suburb of Tehran, as the two archrivals continued trading barrages throughout Saturday and into Sunday. Videos from the scene show a massive blaze and plumes of thick black smoke. The Iranian Oil Ministry said firefighters and emergency crews were dispatched to the site. Israeli jets also bombed military and nuclear sites across Iran, including a uranium enrichment facility in Natanz. Several top commanders and veteran nuclear scientists were reportedly killed in targeted assassination operations. Prime Minister Benjamin Netanyahu said the strikes were intended to prevent Iran from acquiring a nuclear condemned the attacks as unjustified and responded by launching a barrage of kamikaze drones and ballistic missiles into Israel. Iranian officials said the Israeli strikes amounted to 'a declaration of war.' DETAILS TO FOLLOW
Yahoo
a day ago
- Business
- Yahoo
Iran says production at world's largest gas field partly suspended after Israeli attack
(Reuters) -Iran has partially suspended gas production at the world's biggest gas field after an Israeli strike caused a fire there on Saturday, the semi-official Tasnim news agency reported, in what would be the first Israeli strike on Iran's oil and gas sector. Iran shares the South Pars gas field with Qatar. Striking it would mark a major escalation in the conflict, which had already pushed oil prices up 9% on Friday even though Israel spared Iran's oil and gas on the first day of its attacks. Israel launched an air offensive against Iran on Friday, killing commanders and scientists and bombing nuclear sites in a stated bid to stop Tehran building an atomic weapon. The South Pars field is located offshore in Iran's southern Bushehr province and is responsible for the lion's share of gas production in Iran, the world's third largest gas producer after the United States and Russia. The strike caused a fire, which has been extinguished, the Iranian oil ministry said. The fire broke out in one of the four units of Phase 14 of South Pars, halting production of 12 million cubic metres of gas, Tasnim said. Iran produces around 275 billion cubic meters (bcm) of gas per year or some 6.5% of global gas output, and consumes it domestically as it cannot export gas due to sanctions. Iran shares the field with Qatar, which calls the field North Field. Qatar produces 77 million tonnes of liquefied gas from the field with the help of global majors such as Exxon and Shell and supplies the gas to Europe and Asia.
Yahoo
a day ago
- Business
- Yahoo
Iran says production at world's largest gas field partly suspended after Israeli attack
(Reuters) -Iran has partially suspended gas production at the world's biggest gas field after an Israeli strike caused a fire there on Saturday, the semi-official Tasnim news agency reported, in what would be the first Israeli strike on Iran's oil and gas sector. Iran shares the South Pars gas field with Qatar. Striking it would mark a major escalation in the conflict, which had already pushed oil prices up 9% on Friday even though Israel spared Iran's oil and gas on the first day of its attacks. Israel launched an air offensive against Iran on Friday, killing commanders and scientists and bombing nuclear sites in a stated bid to stop Tehran building an atomic weapon. The South Pars field is located offshore in Iran's southern Bushehr province and is responsible for the lion's share of gas production in Iran, the world's third largest gas producer after the United States and Russia. The strike caused a fire, which has been extinguished, the Iranian oil ministry said. The fire broke out in one of the four units of Phase 14 of South Pars, halting production of 12 million cubic metres of gas, Tasnim said. Iran produces around 275 billion cubic meters (bcm) of gas per year or some 6.5% of global gas output, and consumes it domestically as it cannot export gas due to sanctions. Iran shares the field with Qatar, which calls the field North Field. Qatar produces 77 million tonnes of liquefied gas from the field with the help of global majors such as Exxon and Shell and supplies the gas to Europe and Asia.
Shafaq News
25-03-2025
- Business
- Shafaq News
Iran slams "fabricated" US accusations of forged Iraqi oil documents
Shafaq News/ On Tuesday, Iran dismissed claims attributed to Iraqi Oil Minister Hayan Abdul-Ghani that US forces seized Iranian oil tankers in the Gulf for using forged Iraqi documents. Iranian Deputy Minister of International Affairs and Trade Ali Mohammad Mousavi rejected the allegations as 'baseless,' asserting that Iranian oil sales adhere to recognized trade standards. 'Investigations indicate that the Iraqi minister's remarks were incomplete and based on statements from US officials,' Mousavi stated. He accused Washington of fabricating accusations as part of its 'unlawful and unjustified policy' of pressuring Iran, stressing that such claims would not deter the Iranian Oil Ministry from fulfilling its legal responsibilities. The controversy follows reports in local and international media quoting Abdul-Ghani, who stated that US naval forces had seized Iranian oil tankers in the Gulf carrying falsified Iraqi shipping documents. When asked on state television about potential US sanctions on Iraq's state-run oil marketer, SOMO, for allegedly violating sanctions on Iran, Abdul-Ghani said Baghdad had received informal inquiries about the tankers. 'We were informed that some oil tankers seized in the Gulf by the US Navy were carrying Iraqi shipping manifests,' he said. 'It was later revealed that these tankers belonged to the Islamic Republic of Iran and were using forged Iraqi documents.' The minister emphasized that SOMO operates with full transparency and has committed no violations in its oil export processes. Iran faces restrictions on exporting oil primarily due to international sanctions imposed by the United States to curb Iran's nuclear program and regional activities. The sanctions target Iran's oil industry, which is a major source of revenue for the country, and include measures such as banning oil exports, freezing assets, and restricting financial transactions related to oil trade.
