Shipping sanctions against Iran were failed in the post-JCPOA era with export of over 34,000 tons of bitumen from Bandar Imam Khomeini port to Malaysia.

 

 

Bitumen loading on Palanka Maputa, one of the seven biggest ships in the world, which had decked in Bandar Imam Khomeini, destined for Malaysia, completed on Saturday. 
 
The 35,000-ton cargo, valued at 300 billion Rials, took eight days to load the bitumen on the ship. 
 
Abadan Naft-e Pasargad Company, seller of the cargo to Malaysia, is the biggest exporter and bitumen integrated transporter in the region. 
 
Iran and P5+1 Group reached a nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), which removed nuclear-related sanctions against Iran.

 

A senior official with Lukoil said the Russian energy giant is in talks with Iran to develop two major oil fields in western Iran.

Lukoil is in negotiations with National Iranian Oil Company (NIOC) about the Ab Teymour and Mansouri oil fields in western Iran, Gati Al-Jebouri, Lukoil’s head of upstream for the Middle East, said, according to Bloomberg on Monday. 
 
“Iran is our target area at the moment,” he added.
 
Al-Jebouri further expressed the hope that the Russian company could agree on a common development program for the fields in the first half of 2017.
 
Back in December 2016, high-ranking officials from Iran’s oil ministry and the giant Russian oil and gas company, Gazprom, signed a major deal to promote cooperation in the development of two other oil fields in west of Iran.
 
In a ceremony attended by Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak at the time, the agreement to conduct studies for the development of Cheshme Khosh and Changouleh oil fields were signed between the two sides.
 
Cheshme Khosh oilfield is located in Dehloran, Ilam province, near the border with Iraq.
 
Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar as well as Oman and Turkmenistan.
 
Based on studies, there are 23 joint hydrocarbon fields between Iran and Iraq which are divided into exploration, development and production categories.

 

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Iran signed deals with a dozen European companies including Spanish Cepsa and Italian Eni to rent 35 oil tankers to them for oil transits, said managing director of the National Iranian Tanker Company (NITC).

Sirous Kianersi added that the all of 35 deals are voyage charter, Mehr News Agency reported.
In January, three Iranian supertankers reached Europe.
After several years of suspension of Iranian oil tankers from calling at EU ports due to sanctions, the first Iranian oil ship reached Spain's Algeciras while two other Iranian tankers also left the Persian Gulf for the Netherlands.
Iran's oil exports to the EU reached 622,581 barrels a day in January, according to Bloomberg's calculations.