crude export

Iran to Reach $50b in Oil Revenues in 2018

Iran's oil exports have reached the pre-sanctions level and its oil revenues will reach $45b to $50b in the Iranian year to March 2018, if prices remain at $55 per barrel.

Nigeria to Stop Importing Fuel by 2019

Nigeria will stop importing refined petroleum products by 2019.

Iraq’s KRG Exported 625,000b/d of Oil

Iraq’s Kurdistan Regional Government (KRG) exported 625,000b/d of oil to Ceyhan Port in January.

Nigeria Exported 42% of Crude to India, Spain, Netherlands

Nigeria sold 42% of its total annual crude oil exports, which amounted to 320m barrels, to India, Spain and, the Netherlands, from June 2015 to May 2016.

Iraq to Boost Basrah Crude Oil Export

Iraq will export 3.257mb/d of Basrah crude oil in September, up 13% from August, with both Basrah Light and Basrah Heavy seeing a rise in volumes.

Iran, Russia Compete over Indian Refinery Supply

India’s Essar Oil Ltd, the country's largest refiner, expects to lower crude purchases from Iran after shipments from OAO Rosneft begin once the Russian state producer completes a deal to buy a 49% stake in the Indian company.

Saudi Arabia Drops Oil Prices for Asian Markets

Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.

Iraq Exported Near-Record Crude in March

Iraq exported near-record amount of crude in March from its southern ports reaching to around 3.286mb/d, up from 3.225mb/d in February, Oil Ministry informed.

Kuwait Aims to Raise its Crude Oil Production

Kuwait plans to raise its crude oil production by 150,000b/d in Q3 2016 and aims to sign new export deals with European and Asian customers, Nabil Bouresli, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPC) had said earlier this month.

IMF, WB Mull $3b Loan to Azerbaijan’s Weakening Oil Economy

The International Monetary Fund and World Bank are considering a $3b loan to Azerbaijan to help the country face weakening currency amid global oil price slump.

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