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LONDON, April 19, 2023 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched tanker freight assessments for Russian crude exported from the Black Sea, Baltic and Barents [...]

Tenders are invited for Provision of transportation services in the process of oil production, development and drilling, export of oil and oil by road along the main and reserve routes [...]

Thirty-one percent of Irans non-oil exports are destined for China, the chairman of the Iran-China Joint Chamber of Commerce said, adding that giant steps have been taken in the current [...]

The Iraqi authorities and the Kurdistan Regional Government (KRG) agreed to resume pipeline oil supplies from the north of the country to the Turkish port of Ceyhan. The agreements reached [...]

Kable: Offshore Technology has issued the following press release: Kazakhstan will increase its oil exports to Germany to 100,000 tons in April, says KazTransOil, the state oil transporter of Kazakhstan. [...]

Iraq's Kurdish Regional Government announced on Tuesday that oil exports through Trkiye's Ceyhan pipeline would resume later in the day, following a pause of more than a week caused by [...]

Iraq's autonomous Kurdistan region is to resume oil exports through Turkey Monday but in the future they will be supervised by the federal government in Baghdad, officials from both sides [...]

The data published by the Organization of Petroleum Exporting Countries (OPEC) showed that Iran is still one of the largest oil producing countries in the world despite the illegal US [...]

China based CHONGQING PUMP INDUSTRY CO.,LTD has secured contract from Cnooc China Limited for Procurement of 0704-2240JDCP2046 BZ34-9 OIL FIELD 5 WELLBLOCK ADJUSTING CRUDE OIL EXPORT PUMP SKID(1). The value [...]

The Biden administration may allow the last American company producing oil in Venezuela to resume exports if the Maduro government takes steps to restore democracy. The crush of migration at [...]

From Uzbekistan and Russia to Venezuela and Paraguay, the National Iranian Oil Company (NIOC) has sought to invest in plants to refine Iran's crude oil as that would be more [...]

*State govt meets WHO, UNICEF, other devt partners, strengthens measures to improve healthcare delivery The Edo Refinery and Petrochemical Company (ERPC) Limited, operators of the 6000bpd Modular Refinery in Ologbo, [...]

NEW YORK, March 30, 2023 /PRNewswire/ -- Mexico is poised to gain potentially $168 billion more in non-oil exports over the next five years, thanks to companies moving factories closer [...]

Russia managed to completely redirect the entire volume of oil exports that fell in connection with the embargo, there was no decrease in sales. This was stated by Energy Minister [...]

Byline: DANIEL J. GRAEBER Major energy companies working in northern Iraq said Wednesday they shut down production due to an international court decision that tacitly limits crude oil exports through [...]

Oslo-listed DNO and UK-listed Gulf Keystone Petroleum have diverted their oil production from Iraq's semi-autonomous Kurdistan into storage tanks after Turkey halted Iraqi oil exports via its Ceyhan terminal late [...]

Despite harsh sanctions against Iran, the country has achieved the highest oil exports in the past two years. This was stated by the Iranian Minister of Economy and Finance Ehsan [...]

Byline: Shivan Fazil, Alaa Tartir STOCKHOLM, Sweden, Mar 24 (IPS) - Over the past two decades Iraq has been affected by several waves of intense conflict and violence. The 2003 [...]

Russia is ready to increase the volume of oil exports to China. This was announced by President Vladimir Putin after talks with Chinese President Xi Jinping. 'China has become a [...]

Irans Deputy Minister of Industry, Mine and Trade put the countrys non-oil exports value in the current Iranian calendar year of 1401 (to end March 20, 2023) at $52.2 billion. [...]

A year after its invasion of Ukraine, Russia is still shipping roughly the same amount of oil to world markets, but its revenues have taken a hit. According to the International Energy Agency (IEA), this shows that the G7 sanctions regime has been effective in undermining Russia's ability to generate export revenue while at the same time not restricting the global supply of crude oil and products. Recent tanker tracking data suggest that Moscow has managed to reroute most of the barrels previously destined for the European Union (EU) and US to new outlets in Asia, Africa, and the Middle East. In Feb 2023, however, Russia earned $11.6 bn from oil sales of 7.5 M b/d (500,000 b/d less than in Jan 2023), compared with $14.3 bn in Jan 2023 and nearly $20 bn a year before. The dramatic shift in trade has seen Russian crude oil exports pivot from Europe to Asia's top consumers: China and India. By Feb 2023, shipments of Russian crude to Europe had declined by 2.1 M b/d year-on-year (y-o-y), while exports to India had increased by 1.6 M b/d and to China by 500,000 b/d. Compared with Jan 2023, Russian crude oil exports in Feb 2023 were 200,000 b/d lower. According to IEA data, confirmed shipments to China decreased by 300,000 b/d from Jan 2023's record-high but could end up higher once cargoes with no set destination find buyers. Exports to Europe eased by 200,000 b/d month-on-month (m-o-m), primarily due to the halt in flows to Poland on the 2 M b/d Druzhba pipeline. Turkish and Bulgarian refineries are still importing Russian seaborne crude. A similar pattern is expected to develop on product trade flows, following enforcement of last month's European products embargo, according to IEA. In Feb 2023, Russian product exports to Europe decreased by 550,000 b/d m-o-m and 1.7 M b/d y-o-y to 250,000 b/d. Moscow appears to be redirecting some of this volume to the Middle East (+190,000 b/d y-o-y), Tuerkiye (+230,000 b/d y-o-y), Asia (+310,000 b/d y-o-y), and Africa (+250,000 b/d y-o-y). The Middle East was the first to emerge as a new outlet, snapping up cheap naphtha and fuel oil very quickly after the invasion. Tuerkiye as well as Asian countries started to show interest in mid-2022, with China, India and countries on the Malay Peninsula especially keen. With the imposition of the G7 price cap, Africa has stepped up to buy. Russian refined products exports to the region rose 140,000 b/d in Feb 2023 to reach 430,000 b/d, with the biggest increase in gasoil. Original source: PennWell Corporation, website: http://www.ogj.com/index.html, Copyright Pennwell Corporation 2023., distribution; market; sales; trade; trade barrier; crude oil; fuel oils; gas oils; naphtha; refinery products; refinery [...]

Owji said on Sunday that Iranian oil exports had reached significant levels in February amid efforts by the country to get round the sanctions and pump more oil to markets [...]

The United States Congress is considering two pieces of legislation to limit U.S. oil exports to China. The first bill would bar oil released from the Strategic Petroleum Reserve (SPR) [...]

On December 5, 2022, the G7, European Union, Canada, Japan and Australia began implementing a $60 price cap on Russias seaborne crude oil exports, which China and India quickly capitalized [...]

Minister of Energy Bulat Akchulakov has commented on delays in the shipment of Kazakhstans export oil due to weather conditions, Kazinform correspondent reports. The Minister reminded the journalists of the [...]

Energean on Tuesday announced the first ever exports of crude oil in the history of Israel from its Karish field. In an announcement, Energean Plc confirmed the first ever lifting [...]

British oil explorer Tullow made Sh498.5 million ($4 million) from the sale of Kenyan oil in the two years when the firm made pilot exports to test the market appeal [...]

British oil explorer Tullow made Sh498.5 million ($4 million) from the sale of Kenyan oil in the two years when the firm made pilot exports to test the market appeal [...]

Saudi Arabia is working to reduce its dependence on oil exports, Economy Minister Faisal al-Ibrahim said. Despite its goal of zero carbon emissions by 2060, the country remains heavily dependent [...]

Iraq's federal government has announced that it earned revenues of US$115.5bn from oil sales in 2022, a 53% increase compared to 2021 earnings. This record is due to the gradual [...]

The new head of Venezuela's state oil monopoly PDVSA (Petroleos de Venezuela) has suspended the execution of most contracts related to the export of hydrocarbons abroad. This was reported by [...]

Nigeria recorded a non-oil export earnings of $4.820 billion in 2022, the Nigerian Export Promotion Council (NEPC) has disclosed. The Executive Director/CEO of NEPC, Dr. Ezra Yakusak said this on [...]

Refiners in China are likely to boost exports of refined oil products in the period spanning the last two months of 2022 and into early 2023, which will help stabilize [...]

The Cabinet of Ministers has approved a proposal presented by the Minister of Power and Energy to call for expressions of interest to select a suitable investor for the establishment [...]

Ali-Akbar Alizadeh Barami, a member of the Iranian Parliament's Agriculture, Water, and Natural Resources Committee, told IRNA on Sunday that Iran can add value by refining its oil and extracting [...]

The value of Iran's non-oil exports reportedly reached $20.924 billion in the first five months of the current Iranian calendar year (March 21-August 22), up 21 percent compared to the [...]

TEHRAN- The value of Iran's non-oil export to Pakistan rose 13 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same [...]

TEHRAN- The value of Iran's non-oil export to Oman jumps 168 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same [...]

TEHRAN- The value of Iran's non-oil export to Iraq fell 22 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same [...]

TEHRAN- The value of Iran's non-oil export to the United Arab Emirates (UAE) rose 29 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from [...]

TEHRAN - The value of Iran's exports of non-oil goods to Turkey increased by 57 percent in the first five months of 2022, according to the data released by the [...]