. Military Space News .
OIL AND GAS
Iran looking for oil middle men
by Daniel J. Graeber
Tehran (UPI) Aug 2, 2016


disclaimer: image is for illustration purposes only

A middle man may be necessary to facilitate crude oil deliveries from Iran to the international market, a national petroleum official said from Tehran.

Mohsen Qamsari, the director of international affairs at the National Iranian Oil Company, said independent Chinese refiners made purchase orders for around 2 million barrels of crude oil. They have the permits, he said, but "lack enough logistics and financial resources" to make further progress with Iranian transactions.

"We are now seeking a go-between for dealing with these refiners," he said.

Qamsari said that, so far, Dutch trader Trafigura was moving Iranian crude oil to the Chinese market. The director said talks are underway with the trader to move deeper into the Chinese market.

Trifigura would not comment on commercial transactions.

According to Deputy Petroleum Minister for International Affairs and Trading Amir Hossein Zamaninia, Iran expects to see signatures on the first new post-sanctions oil contracts before the end of the year. Characterizing the current status of the oil industry as satisfactory, the minister said Iran expects to bring in significant revenue from oil once new contracts unfold.

Iran in 2015 exported around 1.4 million barrels of oil per day, compared with an average of 2.6 million bpd in the era before sanctions were imposed in 2011. A multilateral nuclear agreement was verified in January, lifting some of the sanctions, and Iran said it's now exporting roughly 2 million bpd.

Royal Dutch Shell was among the first companies to buy Iranian crude oil in the post-sanctions era.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Rouhani: Iran's post-sanctions era revolutionary
Tehran (UPI) Aug 1, 2016
With options for oil and natural gas expanding, Iranian President Hassan Rouhani said a joint nuclear agreement has strengthened the country's independence. Iran celebrated Monday the 50th anniversary of a national gas company, a milestone that came roughly one year after the country signed a multilateral agreement to curb nuclear research activity in exchange for relief from some inter ... read more


OIL AND GAS
Will Russia and China Build an SCO-Based Joint Missile Defense System

Raytheon gets $130 million missile defense contract modification

Russia Designing Blimps Aimed at Reducing Threat of US Cruise Missiles

Protests as S. Korea president defends US anti-missile system

OIL AND GAS
Navy conducts first LCS Harpoon missile test

Lockheed demonstrates LRASM's surface launch capability

MBDA fires Brimstone missile from Apache helicopter

State Dept. approves $821 million SM-2 missile sale to Japan

OIL AND GAS
Donuts in flight in first US-approved drone delivery

Virtek's graphene-winged Prospero drone to take flight

Germany's U.N. peacekeepers to use Heron 1 drones

Facebook internet drone passes first full-scale test

OIL AND GAS
L-3 Communications gets $216 million U.S. Army aircraft contract modification

Raytheon developing next-gen airborne communications

Rethinking the Space Environment in a Globalized World

What Industry Can Teach the DoD About Innovation

OIL AND GAS
U.S. Air National Guard fires Lockheed laser-guided training rounds for first time

Lockheed Martin to provide counter-IED system for U.S. partner nations

India conducts firing of Advanced Towed Artillery Gun System

Indian army receives three Dhanush howitzers

OIL AND GAS
Russia has $4.6B in military exports in 2016

Guns, not roses: Conflicts fire up Bulgaria arms trade

CAE gets $111 million in UAE defense contracts

Senators look to block U.S. sale of bombs to Saudis for bombing of Yemen

OIL AND GAS
Turkey warns Kyrgyzstan over 'Gulen coup' risk

Philippines lobbied ASEAN on sea row verdict: govt

Turkey was planning anti-Gulen army purge before coup: minister

US tells Beijing sea patrols will continue: official

OIL AND GAS
Borrowing from pastry chefs, engineers create nanolayered composites

New nanoscale technologies could revolutionize microscopes, study of disease

Biggest Little Self-Assembling Protein Nanostructures Created

New reaction for the synthesis of nanostructures









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.