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 imported 4,350,000bpd oil on the average in the first three months of 2016, showing about 500,000 bpd increase in the imports compared to the amount […]
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 Persian Gulf. It is expected to turn it into an important hub for oil production and storage. The $550-million contract was signed by Iran’s Machine […]
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 annual terms, China’s oil imports from Russia in May rose by 33.7 percent, Reuters reported, citing data from the Chinese General Administration of Customs. China […]
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 product to the Hungarian company, Mehr News Agency reports. Executive Director for International Affairs at National Iranian Oil Company (NIOC) Seyed Mohsen Ghamsari pointed to […]
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 reserves for many years, “Turkmengeology” the last time orients the main volumes of geological exploration in search of oil deposits, Ministry of Oil and 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) Hamid Bord shared Iran’s reply to Uzbekistan’s tender offer for oil and gas explorations saying “recently, we put in a tender for similar projects in […]
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