Tag Archives: National Iranian Oil Co. (NIOC)

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.

Experts say the fresh U.S. sanctions could affect Korean companies seeking to do business and invest in infrastructure and development projects in Iran.

Over 1.053 domestic and 600 foreign companies from 37 countries are attending the three-day event.

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.

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.