Iran Halts Oil Trade with KRG
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products.
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products.
Iranian crude exports to Asia rose in August for the second month in a row but remained well below export levels for August 2016.
Iran has agreed to build an oil refinery in the Syrian city of Homs.
The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries.
Iran might reduce its condensate shipments to Asian markets in October, the National Iranian Oil Company (NIOC) told its customers.
South Korea’s crude imports from Iran and Saudi Arabia rose in August.
The Iranian company, Mabna, accepted a contract from the Syrian government to import five gas-powered units for use in Aleppo.
The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.
Iranian exports of crude and condensates rose in August to 2.42 million barrels per day (b/d) from 2.37 million b/d in July, a 2.1% increase