Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by rolling over old debts and later obtaining steady supplies of a key diluent from Iran. Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. PDVSA’s …
CNN — An oil tanker belonging to the National Iranian Oil Company was hit and damaged by two missiles on Friday, Iranian state news IRNA reported. Commenting on the incident, Iranian Foreign Ministry spokesman Abbas Mousavi said according to the semi-official Fars News Agency: “Those behind this dangerous adventurism are responsible for the consequences of such act.” The tanker was …
Indian Oil plans to pull down the 1 million tonnes per year Nagapattinam refinery of its subsidiary Chennai Petroleum Corp Ltd New Delhi: Indian Oil Corp will evaluate the implications of US sanctions if Iran was to invest in its subsidiary Chennai refinery’s Rs 35,700 crore expansion, its Chairman Sanjiv Singh said. IOC plans to pull down the 1 million …
In a sigh of relief for the country, India has signed an agreement with Iran to pay for crude oil it imports from the Persian Gulf nation in rupees, news agency PTI reported quoting sources in know of the development. India, which is the second biggest purchaser of Iranian oil after China, has since then restricted its monthly purchase to …
Oil ministry in June told refiners to prepare for a “drastic reduction or zero” imports from Iran from November. New Delhi: Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran …
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