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News on Iran.

Maersk Line takes baby steps into Iran

Christian Juul Nyholm.jpg Container:

Maersk Line returned to Iran in the fall of 2016 after western sanctions against the country were eased. The carrier's presence remains minimal, but the market of 80 million people is definitely interesting, says Christian Juul-Nyholm, Managing Director of Maersk Line in the region.

Shell is close to oil deal with Iran

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A spokesperson for Iran's oil ministry tells the Wall Street Journal that the country expects to land an agreement with Shell. The news comes after Total sealed an agreement with Iran in November as the first western company to do so since the sanctions were lifted.

Iranian announcement sends oil price down

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The oil price drops once again following Iran's announcement that the country plans to boost its oil output to four million barrels per day. "It's not on our agenda to reach an agreement during the OPEC discussions in Algiers," says Iran's oil minster ahead of the coming OPEC gathering.

Iran wants to double its crude oil exports

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Iran is prepared to turn up the taps should the demand for crude oil increase. Speaking to Bloomberg, a senior official from the National Iranian Oil Co. says that the country is ready to export four million barrels per day when the market can absorb the volumes.

Insurer opens for coverage in Iran

DS Norden Nord Imagination MR product tank produkt tanker.JPG Carriers:

The massive export of oil from Iran, which everyone expected would flood out as soon as the West's sanctions were lifted, was slow to emerge as insurance companies had to find footing in the region. Now a US-based insurer has approved sailing to Iran.

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