76378
Essar’s Oct. Iran Oil Imports Fall
Essar’s Oct. Iran Oil Imports Fall

Essar’s Oct. Iran Oil Imports Fall

Essar’s Oct. Iran Oil Imports Fall

Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183,000 barrels per day as the company diversifies its crude purchases, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal, Reuters reported. Russian oil major Rosneft and its partners, including global trader Trafigura and Russian fund UCP, in August closed a deal to acquire a 98.3% stake in Essar Oil for $12.9 billion, giving the consortium a foothold in Asia and securing a new outlet for its oil. Essar Oil’s imports from Iran in October were about 88% higher than the previous month, the data showed. During January to October, the refiner received about 20% less oil from Iran at about 140,000 bpd, the data showed.

 

Short URL : https://goo.gl/4Fp9iM
  1. https://goo.gl/xEkFFU
  • https://goo.gl/8tUJpm
  • https://goo.gl/eWFRfJ
  • https://goo.gl/4arhaV
  • https://goo.gl/CFCMTo

You can also read ...

BP: Electric Vehicles to Cut Oil Consumption
The emergence of self-driving electric cars and travel sharing...
OPEC Deal Closer to Market Rebalancing
The OPEC deal is closer than ever to meeting its market...
Brent, WTI Prices Slide Over Higher US Production
Oil prices fell on Wednesday, weighed down by a rebound in the...
SP Phases 17-18  Output Increases
Major overhaul operations in phases 17 and 18 of the giant...
The lion's share of petrochemical exports is bound for China, India and South Korea.
Boosting the country's petrochemical revenues entails...
NISOC in Close Cooperation With Domestic Academic Centers
National Iranian South Oil Company can implement complicated...
Special Devices for Gas Regulating Stations
Some 150 natural gas pressure regulating stations have been...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus