Tag Archives: Iranian Ministry of Petroleum

Beijing has repeatedly defended its energy trade with Tehran. worth about $1.5 billion a month.

Exports to India accounted for 21 per cent of Iran’s crude oil outbound shipments in 2017-18.

Iran’s key customers in Asia—no.1 China and no.2 India—are not expected to cut off their imports of Iranian oil.

Iran is in a far better shape than before and could withstand the sanctions that the US plans to impose on it.

The prospective phase is envisaged to produce 12 million liters of Euro-5 gasoline and diesel.

Total signed a contract in 2017 to develop phase 11 of the field with an initial investment of $1 billion.

AMPTC is owned by members of the Organization of Arab Petroleum Exporting Countries.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

14 petrochemical projects have been inaugurated since 2013. and six more projects will be inaugurated next year.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.