A gas dispute has flared up between India and Iran regarding the profit-sharing of a field. The gas field, called Farzad B, is located on the a Farsi island in the Persian Gulf.

Iran vs India: Gas dispute flares up regarding profit sharing of Farzad B field

Iranian Oil Minister Bijan Zanganeh said on Wednesday that, because of US sanctions, India had refused to allow a Russian-owned Indian refinery to use Iranian crude oil that India had obtained under waivers.

India did not allow Russian-owned Indian refinery to use Iranian crude oil due to US sanctions: Iran oil minister

OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump's calls for action to cool the market.

OPEC, Russia rebuff Trump's call for immediate oil output boost

This could dampen the prospects of agreement on an output freeze at an OPEC meeting in September

Iran wants pre-sanctions crude oil market share

bijan-zanganeh

Bijan Zanganeh, News on Bijan Zanganeh, stories on Bijan Zanganeh, articles on Bijan Zanganeh, Bijan Zanganeh stories at Wion, Bijan Zanganeh news, Bijan Zanganeh latest news

bijan zanganeh

Iran vs India: Gas dispute flares up regarding profit sharing of Farzad B field

India did not allow Russian-owned Indian refinery to use Iranian crude oil due to US sanctions: Iran oil minister

OPEC, Russia rebuff Trump's call for immediate oil output boost

Iran wants pre-sanctions crude oil market share