OPEC-led Group Able to Cover Supply Shortage: Russian Energy Minister
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.
Iran | Egypt Oil & Gas - Part 20
Iran to Move Main Oil Export Terminal to Gulf of Oman
Iran is planning to move its primary export terminal from the Arabian Gulf to the Gulf of Oman to avoid using the strategic Strait of Hormuz, President Hassan Rouhani stated in a televised speech on September 4.
Kuwait’s Crude Shipments to Japan Down 5.3% in July
Kuwaiti crude oil exports to Japan fell 5.3% in July year-on-year (YOY) to 216,000 barrels per day (b/d), the third consecutive monthly decrease.
Iran Sanctions: Japan May Halt Crude Imports from October
Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.
Iran Sanctions: Hellenic Petroleum Suspends Purchases of Iranian Crude
Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30.
Iran Sanctions: India Will Not Cut Iran Oil Imports to Zero
India will not cut all its crude exports from Iran, a senior Indian government official told Reuters.
Iranian Company Agrees to Well Drilling and Repair in Iraq
The National Iranian Drilling Company (NIDC) signed a memorandum of understanding with an Iraqi company to conduct drilling and oil well repair at the Basra and Az Zubeir oilfields.
Iran To Sell Oil to Asia at Discount
Iran plans to sell discounted oil to the Asian market as a way to mitigate losses caused by US sanctions on the country.
Britain’s Quercus Pulls Out of Iranian Solar Plant Deal
British renewable energies investment company Quercus announced it will stop building a $570 million solar power plant in Iran due to the recently imposed sanctions on the Islamic Republic.
MAPNA to Develop Oilfields in Khuzestan Province, Iran
Iranian engineering and energy enterprise MAPNA Group have signed a contract with the National Iranian South Oil Company (NISOC) to develop the Paranj and Parsi oilfields in the Khuzestan Province in Iran.
