Tag: oil
Iran to barter oil with Turkey for rail
Iran has reportedly sealed a deal with Turkey to barter oil for rail. According to Tasnim news agency, the 80-million euro deal, Iran will buy nearly 1,000 kilometers worth of […]
Iran Becomes 3rd Major Oil Supplier to India
Iran stands the third major supplier of oil to India after Saudi Arabia and Iraq for exporting more than 500,000bpd crude to the country. Based on the statistics available, India […]
China and Iran to build oil export terminal in Persian Gulf
China and Iran agreed to jointly build an oil terminal in the Persian Gulf. The planned oil terminal will be built on Qeshm Island in the southern part of the […]
China Imports Record Volume of Russian Oil
China increased its imports of Russian oil to a record of 5.2 million tons in May — roughly 1.24 million barrels every day, the Reuters news agency reported Tuesday. In […]
Iran rejects oil proposal of Hungary
A National Iranian Oil Company (NIOC ) official, while pointing to MOL Group’s request to import light crude from Iran, said the country is not ready to deploy the oil […]
Turkmenistan to expand exploration of oil fields
One of the priority directions of exploration of the State Corporation “Turkmengeology” at the present time is the search for oil deposits. In connection with reliable security proved natural gas […]
Iran tenders for oil, gas exploration in Uzbekistan
Iran announced the submission a tender for oil and gas exploration projects in Uzbekistan. Mehr News reported that the director of special projects of the National Iranian Drilling Company (NIDC) […]