Tag Archives: Iranian Ministry of Petroleum

Tehran would spare no efforts to maintain its oil production and exports at current levels.

China. the world'.s top crude oil buyer. imported around 655.000 barrels a day on average from Iran in the first quarter of this year.

The rise in crude oil imports in April came despite a sharp increase in the country'.s crude stockpiles.

Tehran and Ashgabat could take major steps in order to enhance their relations which would benefit both of them.

Iran-Iraq gas export contract is currently a six-year deal. but it can be extended.

Currently. analysts believe the sanctions could take between 200.000 and up to a million bpd of Iranian crude off global markets.

Trump announced a U.S. withdrawal from the 2015 nuclear deal on Tuesday and said he was preparing new sanctions against Iran.

China remained the largest export destination for Iranian oil. with flows rising to 714.467 b d in April. up just over 20.000 b d from March.

Experts believe that the US move would bring uncertainty to prices.

The document was signed on the sidelines of the 23rd International Oil. Gas. Refining and Petrochemical Exhibition in Tehran.