Latest news
Spain’s Repsol Buys New Crude Cargo from Iran Despite US Sanctions
Iran sold its first cargo from West Karoun to Spain’s Repsol after the US decision to exit the Joint Comprehensive Plan of Action (JCPOA). Repsol ordered 500,000 bpd of spot cargoes of West Karoun crude which Iran is marketing as Pars oil.
read more... 07/06/2018
Iraq started exporting oil to Iran from one of world’s largest deposits
Iraq has begun export deliveries of oil from the fields of the Kirkuk province to Iran. Transportation of oil from Kirkuk to Iran is a part of an agreement concluded between the two states’ oil ministries providing for exports in the amount of 30 to 60 thousand barrels per day.
read more... 04/06/2018
Shell starts production in Kaikias field one year ahead of schedule
Royal Dutch Shell has announced that it will be starting production at the Kaikias field in the Gulf of Mexico a year ahead of the planned start.
read more... 01/06/2018
Norway's Equinor, SOCAR sign Caspian oil field deals
Norway's Equinor and Azerbaijani state oil company SOCAR signed a risk service agreement for the development of the Karabagh oil field in the Caspian Sea, Equinor said on Wednesday.
read more... 31/05/2018
Chinese firm to invest $2 billion in oil refinery in Iran
A Chinese investment firm will spend US$2 billion on building an oil refinery in the Iranian northern province of Mazandaran, the official Islamic Republic News Agency (IRNA) reported on Monday, quoting the deputy head of the province’s center for attracting foreign investment, Mousa Qasem-Pisheh.
read more... 29/05/2018