Tag Archives: International News Agency

China remains the largest buyer with four tankers. followed by three to South Korea and two to India. The remaining two could head to Singapore. the data shows.

The world’s fifth-biggest crude importer shipped in 1.83 million tonnes of crude oil from Iran in September.

The terminal could ease the load of tanker traffic at Kharg Oil Terminal off the Persian Gulf coast that is responsible for more than 90% of Iranian oil exports.

Under the sanctions. Iran'.s oil output was slashed by nearly 40% as a handful of buyers shipped in about 1 million bpd of oil from the country under special waivers.

Earlier this week Norway’s Statoil reported yet another dry well in the Barents Sea. some 100 km northwest of the Johan Castberg discovery.

The country started its seismic energy exploration in eastern Mediterranean on April 21 in line with the government’s ``National Energy and Mining Policy.``

A potential military confrontation in the Arab Persian Gulf should not be ruled out. It will unquestionably block oil and gas lanes. and spike oil prices to unknown levels.

Iranian oil ministry is preparing to hold a tender for the development of Azadegan oil field over the current year.

The federal government has sent troops into areas around Kirkuk and soldiers haven’t entered the city boundaries.

There were several pending issues with Iran particularly relating to the oil payment. Most of them have been resolved.