Sinopec, CNPC Halts Buying Iranian Oil
China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) has stopped purchasing Iranian oil in May.
Iran | Egypt Oil & Gas - Part 17
India’s Imports from Iran Drop by 57% YOY in April
India has shipped around 277,600 barrels per day (b/d) in April, dropping by 31.5% from March.
Gulf OPEC Members to Raise Output in Case of Shortage
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.
Oil Prices Surge as Iran Sanction Waivers End
The US will no longer be giving any waivers to current Iranian oil buyers who were allowed in 2018 to purchase oil from Iran without sanctions.
Iran to Award E&P Contracts to Local Companies
Three or four exploration blocks will be developed by local firms within a year, according to the National Iranian Oil Company.
Iran, Iraq to Develop Two Oilfields
Iran and Iraq are working on developing two oilfields, Naft Shahr and Khorramshahr, on their mutual borders.
Exports Launched in Iran’s South Pars New Phase
Iran exported 300,000 barrels of gas condensate from a new phase of the South Pars field.
Iran Inaugurates South Pars New Phases
Iran has invested around $11 billion to complete the new phases.
Gas Pipeline Explodes in Iran
Iranian authorities have considered the poor safety measures and the aging infrastructure to be the main reasons behind the explosion.
Iran to Launch Pars Field Development Phases
South Pars has a production capacity of around 110 mcm/d.
