Social and Events

The Iranian tanker carrying condensates collided with a Chinese freight ship in East China coast last Saturday.

Due to the vast size of the blaze. the bodies of the Sanchi tanker crew may not be found anymore.

The Sanchi was carrying 136.000 tons of condensate. worth some $60 million. and bound for the Republic of Korea.

The OPEC Russia deal for crude oil production cuts could extend beyond 2018.

The bidding terms will be finalised by the end of May and the ceremony to open the bids will be held on June 21.

Saudi Aramco is growing its investments in downstream including chemicals.

Azerbaijan joined the GECF as an observer member on November 21.

The Sanchi was carrying 136.000 tonnes of condensate.

Much of Brazil’s oil from offshore basins are buried under a thick layer of salt on the sea floor.

Shana said. however. that the oil tanker is still burning and is considered to be ".at risk of exploding.".