Tag Archives: Iran

Iran appears to be ramping up its oil exports ahead of the likely sanctions.

The Sanchi was carrying the equivalent of nearly 1 million barrels of ultra-light crude. plus its own fuel. to South Korea.

Marubeni is a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors.

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.

Iran Oil Show 2018 is running during May 6-9 at the Tehran Permanent International Fairgrounds.

Sanchi was carrying 36.000 tonnes (almost one million barrels) of condensate.

Iran has always been seeking reasonable prices for oil which will encourage the producers to produce more oil and therefore stop the global market from destabilization.

The four-day exhibition is sponsored by the Iranian Ministry of Oil and its subsidiary the National Iranian Oil Company.

Several memorandums of understanding are expected to be signed on the sidelines of the exhibition.

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.