Tag Archives: Oil Minister

Japan’s imports of Iranian oil increased by 10 percent in June compared to the same month last year.

Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.

Iraq has failed to lure investors for the project. which includes building a refinery to process crude from the region.

The limits will go into effect as the U.S. prepares to reimpose sanctions on Iran beginning Nov. 4.

Aramco has appointed JPMorgan Chase &. Co and Morgan Stanley to advise on the SABIC deal.

Iraq continued to be the top oil supplier to India in the April-June period.

Saudi Arabia and several other members of OPEC have increased exports sharply ahead of sanctions on Iran.

Anticorruption probes advanced by the Public Ministry caused that 90 executives of Pdvsa were arrested over the last 11 months.

Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.

Last month. members of OPEC agreed to pump an additional 1 million barrels of crude daily.