Iran’s crude oil exports hit 2,617 mbd in April 2018, a new record since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016. The record was gained amid US President Donald Trump’s threats to pull out of the deal that was struck between Tehran and the P5+1 group of countries to…
Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March 2018. The figure is expected to increase in April 2018. China and India are the largest buyers of Iranian crude, with more than one million barrels in total. The figure is expected to reach nearly…
Iran’s crude oil and condensate exports to Europe has reached one million barrels per day. Iran sells crude oil to European companies within the framework of long-term deals and spot cargo, however the volume of spot cargo is higher, an informed source told Fars News Agency. Iran still encounters problems in receiving payments due to…
An oil official said once production volume at South Azadegan reaches 160 thousand barrels per day (bpd), West Karun joint fields will bring a revenue of 2.5 million dollars. Majid Najarian, deputy project director for development of South Azadegan oilfield, said 565 million dollars were invested over three years to increase output of North Azadegan…
South Korea‘s intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran’s efforts to raise output after the lifting of sanctions early last year. The increase in volumes since international sanctions against Tehran were lifted in January 2016 has made…
Iran has zipped past the likes of Venezuela and Nigeria to become India’s third largest oil supplier as easing western sanctions enabled Indian companies to increase purchases from that country. Saudi Arabia and Iraq continue to be ahead of Iran, which was sixth biggest supplier of crude oil to India in 2015-16, PTI reported on…
NITC head announced that 35 Iranian tankers have been leased out to oil companies in Europe like Spain’s Cepsa and Eni of Italy. New Managing Director of the National Iranian Tanker Company (NITC) Sirous Kianersi described latest status of oil displacement agreements between NITC and huge European oil companies saying “so far, 35 contracts have…
Iran’s deputy petroleum minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current calendar Persian year which started on March 20. “Iran’s crude and condensate exports surpassed 2.8 million barrels per day (bpd) in December 2016,” Amir Hossein Zamaninia said on Saturday. Iran exported…
Iran ‘s NIOC deputy head, while disavowing claims on disqualification of Russian oil giants, said the Iranian company will soon publish a second list of authorized applicants for investment. Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri said “a list recently published by National Iranian Oil Company was relevant to applicants from…
A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian…
