Iran to Halve Gasoline Imports
Iran plans to halve its gasoline imports during summer 2018.
Iran plans to halve its gasoline imports during summer 2018.
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
China, India, Japan, and South Korea imported a total of 1.63 million barrels per day (mb/d) in February, the lowest levels since December and a 20% decline from February 2017.
Iraq exported 3.453 million barrels per day (mb/d) of crude oil from its southern ports in March, a slight increase from the numbers for February, which marked the third month in a downward trend.
A senior Iraqi energy official has said that oil could be sent from Kirkuk in the north of Iraq to Iran's Kermanshah refinery in the coming weeks.
National Iran Oil Company (NIOC) has cut South Pars condensate production in Q2 2018 by 25%.
Iranian imports of refined fuels have sharply reduced since a new refinery began its operations, trade sources have said.
The deal aims to produce a maximum of 110,000 b/d with a total output of 512 million barrels from the two fields after 20 years.
The NIOC signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border.
Irani President Hassan Rouhani stated that gas production increased from 285 mcm to 555 mcm over the past Iranian calendar year.