The Philippines is willing to buy four million barrels per month of Iranian crude oil, IRNA reported on Friday, quoting Pedro A. Aquino, a board member of Philippine National Oil Company (PNOC). PNOC plans to construct a 400-barrel-capacity oil refinery in the country and has it on agenda to supply the refinery’s feedstock cooperating with…
China‘s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between three million to four million barrels more Iranian oil each quarter in 2017…
Iran has increased its sales of crude oil as well as gas condensates to global energy giants Shell and BP. Director for International Affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari was quoted by Press TV as saying that Shell and BP had purchased two to three consignments of oil from Iran over…
The share of Iran’s oil export to the Japanese oil market increased to 6.6 percent in view of the 49,000 bpd growth in Iran’s oil exports in October. Iran’s heavy crude oil in the week to December 16 experienced highest increase in price and reached $51.07 a barrel, showing $2.02 increase, IRNA reported. Iran’s Petroleum…
NISOC managing director said negotiations were underway way to launch oil cooperation with BP, Argentina’s YPF as well as China’s Sinopec and CNPC. Aiming at attracting maximum investment and modern technology, Iran’s Oil Ministry, in addition to introducing new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC), has allowed National Iranian South…
Indonesia says it plans to buy 1 million barrels of crude oil from Iran in the first quarter of the next year. Dwi Soetjipto, the chief executive officer of the state-owned Pertamina oil and gas corporation, was quoted by media as saying that that the projected imports from Iran would be provided to the Cilacap…
Poland‘s biggest refiner PKN Orlen announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil. The state-owned PKN Orlen announced in a statement as reported by Reuters that it had bought one million barrels of Iranian Light oil. It…
Deputy oil minister said Iran and China will jointly launch a three-billion-dollar oil project today to develop and optimize Abadan Refinery. Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi, while expounding on the first major agreement between Iran and China in the post-JCPOA era, said “following months of negotiations between…
South Korea’s imports of oil from Iran more than doubled in the first nine months of this year from a year earlier following the removal of international sanctions on the country in January, industry data showed on Sunday. According to the data, imports of Iranian crude oil and condensates reached 78 million barrels during January-September…
