Iran | Egypt Oil & Gas - Part 26
Essar Oil Pays $2.5B in Debt to Iran
Indian company Essar Oil has paid $2.5 billion in debt to Iran, Reuters reported. The company delayed paying for Iranian oil while the country was under international sanctions regarding its nuclear program, which end...
Iran to Halve Gasoline Imports
Iran plans to halve its gasoline imports during summer 2018, the Financial Tribune reported. Mohammad Reza Mousavikhah, head of the National Iranian oil Products company, said that imports will see a 50% reduction bet...
Russian Iran Hydrocarbon Investments May Exceed $50 B
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields, Press TV reported. “Energy is the most promising sphere for cooperation b...
Asian Imports of Iranian Oil Hit Two-Month Low
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, Gulf News reported. All importers except...
Iraqi Oil Exports See Slight Rise in March
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, Reuters reported. Ex...
Iraq, Iran to Start Oil Swap
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, according to Fars News. “The swap deal was agreed at the end of ...
Iran Cuts South Pars Condensate Production by 25%
National Iran Oil Company (NIOC) will cut South Pars condensate production in Q2 2018 by 25%, Platts reported. The state-owned company will now produce 350,000 b/d between April and June 2018. The use of condensate as...
Iran Reduces Fuel Imports as New Refinery Opens
Iranian imports of refined fuels have sharply reduced since a new refinery began its operations, trade sources say, Reuters reported. The Persian Gulf Star gas condensate refinery began operations in April 2017 and en...
