Sanctions on Iran's oil and gas sector could be lifted in the first week of January, according to Amir Hossein Zamaninia, Iran's deputy oil minister for international affairs Saturday, as the country seeks an agreement with OPEC to ...
Tags: Oil, Gas, Iran's oil
The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
South Korea's imports of Iranian crude in April increased 8.9% year on year to 552,884 mt, or an average 135,088 b/d, from 507,821 mt a year ago, preliminary data released Thursday by the Korea Customs Service showed. Its April Iranian ...
Tags: Crude Oil, crude imports
South Korea's imports of Iranian crude oil in February more than doubled to 8.140 million barrels, or 290,714 b/d, compared with 3.974 million barrels a year earlier, data released Tuesday by state-run Korea National Oil Corp. showed. ...
Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...
Tags: Platts, OPEC, oil production, Platts survey of OPEC
At least three Chinese companies are in the final stages of negotiations with three LPG producers in Iran for term supply deals for 2014, industry sources said Thursday. The deals would mark the first time buyers in China had secured LPG ...
Tags: LPG Industry, Energy
Taiwan's total crude imports in August plunged 22.8% year on year to an average 704,000 b/d due to lower refinery runs, according to data released Monday by Taiwan's Bureau of Energy at the Ministry of Economic Affairs. This was the ...
Tags: taiwan, Construction, Decoration, Crude
The US on Friday identified eight petrochemical companies it says are owned or controlled by the government of Iran and are therefore subject to sanctions. The US State Department also sanctioned two companies "for knowingly engaging in a ...
Tags: Metallurgy, Mineral, Energy, oil
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
Sri Lanka's state-owned Ceylon Petroleum Corp., the country's sole importer of fuel oil, has made a rare export offer of the product due to falling demand from power stations as well as higher domestic output, company sources said Friday. ...
Japan's largest refiner JX Nippon Oil & Energy has cut "slightly" its crude imports from Iran under a renewed annual contract beyond January 2013, company chairman Yasushi Kimura told Platts Monday. Speaking on the sidelines of a New Year ...
Tags: Japan, JX, crude imports, Iran
Iran oil industry has launched an international insurance company to insure the tankers transporting its crude oil across the globe. Iranian Oil Minister Rostam Qassemi was quoted by English.farsnews.com as saying that after international ...
Tags: international insurance company, insurance company, oil tankers
MNA reported that despite the well orchestrated attempts by Persian Gulf Arab oil producers to take over markets belonged to Iran, high benzene and gasoline productivity of Iranian crude and performance compared to other crude in the ...
Tags: high benzene, gasoline, crude, Iranian crude
The Express Tribune reported that Iran has given Pakistan an offer that looks like it is too good to refuse. Tehran offered 100,000 barrels per day of crude supply to fuel starved Pakistan on a long term deferred payment. Sources said ...
Tags: Iran, oil, energy, oil industry
MNA cited Mr Yasushi Kimura chairman of JX Nippon Oil as saying that JX Nippon Oil & Energy Corporation renewed its term crude contract with Iran from January 2013. Mr Kimura said that JX has a term contract to buy an estimated 83,000 ...
Tags: Yasushi Kimura, JX Nippon Oil, crude contract, Iran