Tag Archives: International News Agency

Venezuela is a key source of heavy sour crude supplies for U.S. refiners.

Shell shut down most of the units at the 404.000 barrel per day (bpd) Pernis oil refinery in the Netherlands following a power outage caused by a fire on the evening of July 29.

The project is worth about $250 million. The entire amount is paid by local companies.

Electricity demand in Iran during the fiscal 2016-17 rose by 2.700 megawatts.

OPEC hopes the market rebalancing will accelerate in the second half of this year.

In investments. €8.3bn on new asset financing was made in the first half of the year: €5.4bn in onshore and €2.9bn in offshore.

Italy purchased 2.8 million tons in the four-month period. accounting for nearly 30% of all imports.

The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.

Iran'.s oldest crude oil processing facility and once the world'.s largest oil refinery will be reconstructed by a consortium.

Some in Europe have attempted to delay the pipeline in fear of geopolitical turmoil.