Iran plans to establish oil terminals in four islands to diversify export outlets from the biggest oil terminal on Kharg Island which accounts for more than 90 per cent of crude exports, a report said.
The islands of Jask, Lavan,
Iraqi exports of medium sour Basra Light crude oil will rebound in April to 2.58 million barrels per day (bpd), trade sources said on Tuesday.
The OPEC producer is reclaiming its rank as the world's fastest-growing oil exporter afte
Iran's nuclear deal with the West will make it easier, cheaper and less stressful to trade its oil, thanks largely to a partial lifting of the European shipping insurance ban, a senior Iranian industry official said on Tuesday.
Iran's April crude exports will rebound to above 1 million barrels per day (bpd), industry sources said, after falling in March to the lowest level seen since the West imposed sanctions to reduce the oil flow in 2012.
US and E
Direct exports of crude oil from Kurdistan to Turkey may reach 20,000 barrels per day (bpd) in a few weeks, the chief executive of Genel Energy said, in a sign that a trade that officials in Baghdad see as illegal is set to grow.
Iran's crude exports are set to drop by about a quarter in December from the preceding month to the lowest since tough sanctions were applied this year, shipping sources said.
Oil shipments by Iran have more than halved in 201
Iraq's parliament approved on Thursday a much delayed $100 billion budget for 2012, based on an average oil price of $85 per barrel and 2.6 million barrels per day (bpd) in crude exports.
The long overdue budget approval was held up b
Crude exports of the state oil firm of the world's largest oil exporter Saudi Aramco dropped slightly in 2010 but output remained at the same level of 2009, Aramco said in an annual review on Monday.
Exports fell to 2.02 billion barrels i
Oil exports to Japan from the Gulf region have been temporarily halted after an earthquake struck the world's third-largest oil consumer though order volumes are unchanged, Gulf officials said.
Ports in northeastern Japan were damaged
Oil trade with Iran remains more difficult following tougher sanctions against the Islamic Republic, industry sources said, despite a message from the European Union that such operations are legal.
Saras, an Italian oil refiner, said last