Reuters reports that Kurdistan has begun shipping oil to international markets in independent export deals that some see as paving the way to greater Kurdish autonomy. The move is likely to further enrage the central government in ...
Tags: Ali al-Dabbagh, Ashti Hawrami, KRG, Kurdistan, oil contracts, oil exports
Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
Mr Jun Yoshida Japanese Consul General estimated that the size of Japanese oil imports from Saudi at USD 48.2 billion while Japanese exports to the Kingdom amounted to USD 8.4 billion in automobile in addition to electrical machinery. Mr ...
Tags: Oil export, Oil, automobile, electrical machinery
MNA reported that more than 400 Iranian companies are taking part in the development of the South Pars gas field through supplying equipment to related projects. Mr Ali Akbar Shabanpour MD of South Pars Gas Company said that the company ...
Iraqi Kurdistan's oil exports have halved to around 100,000 barrels per day in recent days in what could be a result of its long running dispute with Baghdad over payments to oil firms operating in the region. An Iraqi oil official said ...
Tags: gas, Metallurgy
According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
The Kurdish autonomy of Iraq has reduced oil supplies to the central government on account of non payment of debts to foreign companies operating on its territory. Mr Ali Hussein Balou an adviser to the Kurdish Ministry of Natural ...
KUNA reported that Kuwait's crude oil exports to Japan jumped 25.3% in October from a year earlier to 8.19 million barrels or 264,000 barrels per day for the first expansion in 2 months. The Japanese Natural Resources and Energy Agency ...
Tags: steel scrap buyers, stainless steel, buy steel pipe, iron ore price news
Reuters reported that Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports. Mr Mahmoud Zirakchian Zadeh MD of the Iranian Offshore Oil ...
Tags: Oil Storage, oil storage facilities, international sanctions
MNA reported that Iran's oil revenues during the Iranian calendar year of 1390 which ended on March 19th 2012 amounted to USD 118 billion. And the Islamic Republic's oil revenues during the first quarter of the current Iranian calendar year ...
Tags: oil revenues, oil export, OPEC governor, OPEC
Reuters reported that Brent crude oil fell below USD 111 per barrel as a lack of progress in US budget talks to avert a fiscal crisis darkened the outlook for demand in the world's biggest oil consumer. Top US Republican lawmaker John ...
Tags: US fiscal, oil, oil consumer
Japan's government is likely to provide insurance for tankers that import Iranian oil to Japan in the wake of the European Union sanctions on Iran in July 2012. The Nikkei business daily was cited by Reuters as reporting that it is ...
Tags: Japan, liability exposure, oil imports, Iran
Japan's lower house of parliament has endorsed a bill to allow Japanese government to insure Iranian crude oil importing shipments, in an effort to counter new US-European Union sanctions against Iran. Yet to be voted by the upper house, ...
Tags: Japan, Iranian crude oil, oil import, insurance policy
AFP reported that Iraq's oil exports and revenues were slightly higher in October compared to the previous month. Mr Assem Jihad oil ministry spokesman said that Iraq exported 81.3 million barrels of oil in October for an average of about ...
Tags: oil exports, average price, oil revenues