Tag Archives: Asia

.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2

.The two ports (Chabahar and Gwadar) are not rivals but they complement each other

.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers

.The US imported about 3 million barrels a day from OPEC last year

.Current oil byproducts exports capacity namely diesel and liquefied natural gas stands at 500.000 barrels per day

.This oil transportation scheme was widely discussed between Kazakhstan and Azerbaijan in 2007 – 2008

Iran was exempted from an OPEC deal in January to reduce output by 1.2 million barrels per day (bpd)

.In 2015. Iran used to export less than half the amount of oil to India. so it stood at the seventh position

.Revenues from electricity export are more sustainable than those from oil and gas

.The agreement on development of phase 11 of South Pars Gas Field is valued at 4.8 million dollars