Oil

South Korea’s imports of crude oil from Iran doubled in January. the latest figures said.

. 60% of oil consignments go to Asia and the rest to oil terminals in Europe.

Iraq is OPEC'.s second-largest producer. after Saudi Arabia.

India'.s oil imports from Iran rose 1.5 percent in January from the previous month.

Iraqi Oil Minister plans to create an oil tanker fleet in order to help the country access global markets.

The inventory trend in the US raises doubts about whether the OPEC production cuts have actually resulted already in a tighter supply situation.

In January. Iran was the third biggest oil supplier to India after Saudi Arabia and Iraq.

With completion of the 1st phase of Setareh Khalij Fars Refinery. Iran will stop importing gasoline from March.

Iran and Total signed a memorandum of understanding on development South Pars Phase 11 in late 2016.

That’s the first oil consignment sent to Indonesia after the elimination of international sanctions in 2016.