Communicator

Iranian Light Crude Oil has been added.


#iran  #iranian  #lightcrude  #crudeoil 

IKORC (Arak Oil Refining Company) has been created and its parent, NIOC identified.

#ikorc  #arakrefinery  #arakoilrefinery  #shazand  #arak  #iran  #nioc 

Shazand Petrochemical has been added.

#iran  #shazand  #arak  #arpc  #petrochemical  #refining  #naphtha 

US Presidential candidates have diverging views on the oil industry.

Trump supports expanding production, which could lower oil prices. Harris, who favors green energy, has previously supported a ban on fracking and could limit production. Under president Biden, the free cash flow of the top 10 oil and gas companies tripled in 3 years.

Trump proposes a 10% duty on all imports and a 60% duty on Chinese imports, which could reduce energy demand. Trump may tighten sanctions against Iran but ease measures against Russia.

#russia  #iran  #usa  #trump  #harris  #potus  #oilandgas  #greenenergy  #oilprice  #fracking 

In the period spanning twelve months until March 2024, Iran's oil exports surged to $35.8 billion.

Despite the reimposition of US sanctions against Tehran in 2018, China's continued purchases of Iranian oil have enabled the nation to uphold a favorable trade balance. As per the country's customs data, excluding oil exports, Iran would have encountered a trade deficit amounting to $16.8 billion.

The overall trade volume experienced a modest increase of 2.6% year-on-year, reaching a total worth of $153 billion, with Iranian exports contributing $86.8 billion to this figure.

#iran  #china  #oilexports 

In 2023, Iran witnessed a remarkable surge in its oil export shipments, averaging 1.3 million barrels per day. This figure represents a substantial increase of nearly 50% compared to the previous year and marks the highest export rate in the past five years.








Kpler reports that China emerges as the primary recipient of Iran's oil exports, while other consumer nations contribute only minimally to the total export volume.

According to the International Energy Agency (IEA), Iran's overall crude oil production for the year reached 2.99 million barrels per day, indicating an increment of 0.44 million barrels per day from the preceding year.

These statistics corroborate earlier media speculations and official statements from the Iranian government, highlighting a significant upsurge in both oil production and exports throughout 2023, despite the enduring constraints of stringent US sanctions.

#iran