Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Saudi Arabia is reducing its oil exports to Asia by around 7 million barrels this month.
Read More »Saudis Cut Back Oil Supply to Asia. Slash Exports to U.S.
Iran. S.Korea to Cooperate on Developing Mini-LNG Containers
Korea Gas Corp. (KOGAS) — the world'.s No.2 LNG buyer — is a main importer of Iranian LNG.
Read More »OPEC Expects Non-OPEC Oil Supply to Increase in 2H2017
In 2017. non-OPEC oil supply is projected to grow by 0.84 million barrels per day.
Read More »Gazprom’s Exports to Europe Hits Record High
On 7 May 2017. the construction of the TurkStream gas pipeline began.
Read More »SOCAR Modernizes Platform at Darwin Bank field
SOCAR produced 2.46 million tons of oil from offshore and onshore fields in January-April 2017 as compared to 2.52 million tons in the same period of 2016.
Read More »Statoil Aims to More Than Triple Brazil Output
Statoil has invested more than $10 billion in Brazil. making it the country'.s largest foreign offshore operator.
Read More »China`s UNIPEC to Ship Jet Fuel from Asia to Europe in Rare Move
China'.s Unipec. the trading arm of state oil major Sinopec. is planning to ship jet fuel from Asia to Europe for the first time in several years.
Read More »Russia. Saudis See Oil Inventories Falling After Price Drop
Short-term variations in supply won’t affect the long-term trend of declining inventories. Al-Falih said.
Read More »SOCAR Methanol Eyes to Double Sales in Azerbaijan’s Market
The need to transfer AzMeCo to SOCAR arose due to AzMeCo’s debts to the International Bank of Azerbaijan.
Read More »No Immediate Need to Adjust Oil Pact
Crude prices fell about 4 per cent this week after US data showed a surprise 3.3 million barrel rise in crude inventories to 513.2 million barrels.
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