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]]>For April-November, the first eight months of this fiscal year, India shipped in about 427,200 bpd, according to the data reported by Reuters.
But India’s oil imports from Iran will likely rise in December, as vessels holding about 4 million barrels of oil sailed from the Iranian ports in end-November and discharged cargoes in early December, the data showed.
Iran has cut oil prices in efforts to retain Asian customers and boost the appeal of its crude compared with other Middle Eastern supply.
Overall India imported 4.7 million bpd oil in November, meaning growth of about 12 percent from a year ago as the country raised its refining capacity.
First deputy oil minister in November announced that Iran has turned to customers in Europe to shore up its crude oil exports.
Iran is in negotiations to secure new buyers in Europe, Marzieh Shahdaei said.
Shahdaei said some of our customers in Asia have reduced imports, but that does not undermine Iran’s crude exports.
Refiners in Italy, France, the Netherlands, Greece and Turkey are the biggest customers of Iranian crude in Europe.
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]]>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 Ministry announced that Japan’s crude imports dropped to 67,000 barrels per day in October 2016 compared to the figure for the same month last year and reached 3.055 million barrels per day.
Japan’s imports from Saudi Arabia rose by 205,000 barrels per day in October against the amount for the same month the year before and reached 1.262 million barrels. Saudi Arabia, with a 41-percent share in the country’s imports, is considered the most important crude oil exporter to Japan.
In the period under study, exports of cruse from the UAE to Japan fell by one percent, or 9,000 barrels per day, and reached 688,000 barrels per day.
The UAE, which has a 23-percent share in Japan imports, stands second among crude exporters to the country.
Qatar’s share in Japan’s imports is 7.2 percent. It stands third among oil exporters to Japan.
According to the Petroleum Intelligence Weekly (PIW), export of crude oil to Japan by Kuwait and Iran rose by 22,000 barrels per day and 49,000 barrels per day respectively in October and reached 214,000 barrels per day and 202,000 barrels per day respectively.
Shares of Kuwait and Iran in Japan imports are seven and 6.6 percent respectively. Kuwait and Iran are the fourth and fifth major crude exporters to Japan respectively.
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]]>Addressing a televised debate, Zanganeh said Iran’s oil production hit almost four million barrels per day in October.
He dismissed the “sheer lie” report that he had met Egyptian counterpart Tarek El Molla and said, “I have had no plan or contract in that connection.”
To a question whether such a meeting will be held in the future, he said, “That there might be a meeting is a separate topic. We will hold talks with anybody except Israel if so wishes.”
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