88513
1st Pars Oil Cargo Exported
1st Pars Oil Cargo Exported
Sunday, June 24, 2018

1st Pars Oil Cargo Exported

Sunday, June 24, 2018

1st Pars Oil Cargo Exported

National Iranian Oil Company shipped its first batch of crude cargo from West Karoun Oil Block in the southern Khuzestan Province to an unnamed European buyer. According to Shana, the Iranian Oil Ministry's news portal, 500,000 barrels of West Karoun oil, marketed as Pars Oil, was dispatched from Bahregan Port in the Persian Gulf on Saturday. The portal did not mention the buyer's name, but according to reports from early June, Spain's Repsol purchased 500,000 barrels of Pars Oil on a spot basis. Pars Oil, co-loaded with Iranian heavy grade, is a new grade produced in the West Karoun block. Trade shows Tehran’s willingness not only to raise oil exports but also to expand trade with Europeans."Other customers might be on board," Shana added, noting that NIOC has distributed samples of the heavy oil from oilfields in southwest Iran to some customers. NIOC sold its first oil cargo to Chile last week after 16 years.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/Azp3H2
06/24/2018
  1. https://goo.gl/uf2wvL
  • https://goo.gl/BG3rdi
  • https://goo.gl/13qHHV
  • https://goo.gl/mJaCWg
  • https://goo.gl/rrS1KT

You can also read ...

Iran Parliament's Think Tank: Need to Cut Appetite of High Electricity Consumers
The Majlis Research Center says consumers who exceed...
Iran Oil Ministry: South Korea Making Contradictory Statements
South Korea has not purchased any petroleum products from Iran...
Iran: Premium Gasoline Production Will Resume at 2 Major Refineries
Production of premium gasoline, marketed as "super", will...

Add new comment

Trending

Googleplus