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 ...

Shipments in the first two weeks of the month were 4.05 million bpd, the highest since November 2016.
Iraq exported oil at the fastest pace since late 2016 during...
Investment in new conventional capacity is set to plunge in 2018 to about one-third of the total.
As the world’s energy sector moves toward greater...
Iran's June Onshore Oil Stocks Up 3.2m Barrels
Iran’s onshore oil stocks rose 3.2 million barrels in June...
Oil Prices Fall on Rise in US Stocks
Oil prices fell on Wednesday after news of a rise in US crude...
India Faces Iran Dilemma
The US embargo on Iran's oil shipments has put Indian Prime...
Power Supply to Iraq Cut  Over Rising Domestic Demand
Energy Minister Reza Ardakanian said on Tuesday Iran has cut...
Petrochem Company Indigenizes Equipment
In spite of international restrictions on accessing cutting-...
Gas Consumption Rising
Iran’s daily gas consumption hit 521 million cubic meters on...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus