Essar's Iran Oil Imports Rise
Essar's Iran Oil Imports Rise

Essar's Iran Oil Imports Rise

Essar's Iran Oil Imports Rise

Essar Oil, the top Indian buyer of Iranian crude, imported about 86% more Iranian oil in October compared to a year ago, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal. Essar shipped in about 250,000 barrels per day of oil from Iran last month from about 132,000 bpd a year ago, the data showed. The company's crude purchases from Latin America in October rose 3.6% from a year ago, the data showed. A group led by Russian oil giant Rosneft earlier this month agreed to acquire a 98% stake in Essar Oil and associated port and power plant for about $13 billion, including debt. Rosneft may supply Venezuelan oil to Essar's Vadinar refinery after a deal to buy a stake in the Indian company is finalized, the Indian company's managing director, L. K. Gupta, said in August.


Short URL : https://goo.gl/m59S3b
  1. https://goo.gl/nL8b1d
  • https://goo.gl/Ki20J9
  • https://goo.gl/DO4V7z
  • https://goo.gl/he7KYW
  • https://goo.gl/ql7pyH

You can also read ...

Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939.
Abu Dhabi National Oil Company said on Sunday it has signed 40...
ExxonMobil Partners With Pakistan for LNG Terminal
ExxonMobil is working with a group of Pakistan’s large...
Italy's Eni Promises Richer Returns After Higher Growth
Italian oil major Eni hiked its dividend on Friday and held...
BP: Technology to Lower Oil Extraction Costs
Better technology could reduce the average production costs of...
Iran has become an exporter of oil byproducts after years of import.
With the aim of producing Euro-5 diesel in Shiraz refinery,...
South Zagros Company has exceeded its daily production target by 2.5 million cubic meters.
South Zagros Oil and Gas Production Company, a subsidiary of...
Ardakanian Attends World Water Forum
Energy Minister Reza Ardakanian left Tehran for Brasilia,...

Add new comment

Read our comment policy before posting your viewpoints