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Sunday, May 20, 2012 01:20
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National Oil Company of Iran

Arab farmers arrested in southwest oilfield disputes

Iranian government forces have reportedly arrested 50 farmers in the Arab regions of Iran for “protesting against the confiscation of their lands by the National Oil Company of Iran.”

Shell hard-pressed to pay Iranian debt

Royal Dutch Shell is running into difficulties in paying its $1-billion debt to the National Iranian Oil Company.

Iran puts conditions on selling oil to Europe

The head of the National Oil Company of Iran, Ahmad Ghalehbani, has announced that the Islamic Republic will only sell oil to European countries under contracts lasting two to five years.

Iran suspends oil sales to France and Britain

Iranian Oil Minister Rostam Ghassemi has announced that Iran has stopped oil exports to France and Britain.

Iran ready to halt oil exports to Europe

Iran is prepared to cut off oil exports to Europe, the executive director of Iran’s National Oil Company announced today.