Tag Archives: Shipping

IOC is Iran’s biggest Indian oil client.

Novatek was established in 1994 and is involved in the exploration. production. processing and marketing of natural gas and liquid hydrocarbons.

French energy giant Total this week announced it will pull out of a major gas project in Iran by this fall unless U.S. sanctions are waived.

Overall. India imported 4.51 million bpd in April. 2.5 percent higher than a year ago.

During the last round of sanctions. Iran'.s oil supplies fell by around 1 million barrels per day (bpd).

Imports for the first four months of 2018 rose 8.9 percent versus the same period a year ago to 151.43 million tonnes. or 9.21 million bpd.

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

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

While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.

Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.