Iranian exports to Asia on the rise

Iran
During the first month of the year, Iran exported 203,165 bopd to South Korea, a figure three times higher compared with same period in 2015, Iranian data released on Monday revealed. Exports to the world’s fifth-largest importer of crude peaked in January 2012 at 230,768 bopd, before the sanctions.

In related news, Iranian Minister of Petroleum Bijan Namdar Zangeneh stated Monday that he anticipates crude exports to Japan to also quickly return to pre-sanction levels of some 350,000 bopd, up from around 110,000 bopd at present.

According to Zangeneh, Iranian-Japanese co-operation is possible in a variety of fields, ranging from LNG and petrochemicals to refining and project finance. He also announced that Japanese Prime Minister Shinzo Abe will visit the country in 2016.

For more news and features on the oil and gas industry in Iran, click here

Recent Posts

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

7 hours ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

14 hours ago

SLB OneSubsea, Subsea7 sign long-term deal with Equinor

SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More

15 hours ago

Presight AI takes 49% stake in ADNOC energy AI player

Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More

15 hours ago

Wood wins TotalEnergies North Sea flare recovery work

UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More

22 hours ago

This website uses cookies.