Deputy Head of National Iranian Oil Refining and Distribution Company (NIORDC) Shahrokh Khosravani announced signing of an agreement between Iran and China in order to finance one of the largest refinery projects in Iran.
Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon.
The oil tanker SCF Byrranga, which was renamed the United Kalavryta (also known as United Kalavrvta) in March 2014 and is currently off the coast of Texas with a cargo of Kurdish crude oil. US District Judge Gray Miller in Houston has rejected the Kurds’ claims of sovereign immunity and said the regional government’s plans to sell its crude in the US gave him authority to hear the lawsuit.
State-owned Tema Oil Refinery Co. Ltd. (TOR) has resumed crude oil processing at its 45,000-b/d refinery in Tema, Ghana, after a nearly 4-month operational shutdown, according to Ghana’s Ministry of Energy & Petroleum (MEP).
Mexico's state oil company wants to import about 100,000 barrels of light U.S. crude a day to mix with this country's heavier oil as a way to improve refinery processes.
McDermott International Inc. has completed the installation of a 3,086-ton central processing platform (CPP) topsides at the Kepodang gas field offshore Indonesia.