crude export

  • Iran to Reach $50b in Oil Revenues in 2018

    Iran to Reach $50b in Oil Revenues in 2018

    Sunday, 12th February 2017
    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 to Stop Importing Fuel by 2019

    Tuesday, 7th February 2017
    Nigeria will stop importing refined petroleum products by 2019.
  • Iraq’s KRG Exported 625,000b/d of Oil

    Iraq’s KRG Exported 625,000b/d of Oil

    Monday, 6th February 2017
    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 Exported 42% of Crude to India, Spain, Netherlands

    Sunday, 14th August 2016
    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 to Boost Basrah Crude Oil Export

    Sunday, 14th August 2016
    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

    Iran, Russia Compete over Indian Refinery Supply

    Thursday, 11th August 2016
    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 Drops Oil Prices for Asian Markets

    Wednesday, 3rd August 2016
    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 Crude in March

    Monday, 4th April 2016
    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 Aims to Raise its Crude Oil Production

    Wednesday, 24th February 2016
    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

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

    Tuesday, 2nd February 2016
    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.