Source: Khabar Online
March 11, 2010
Ali Shams Ardakani, the head of energy commission of Iran’s Chamber of Commerce, Industries and Mines (ICC IM) said currently $120 million revenue is wasted everyday in the country due to the high domestic consumption.
Speaking to Khabar Online correspondent, he underlined that as 1.5 million barrels of [...]
Source: Khabar Online
March 6, 2010
Although Iranian oil officials have stressed their policy is focused on selling crude oil to Asia rather than Europe, figures show that in reality Iran’s oil price exported to Europe is 3 dollars lower compared to Asia.
Experts say it is the policy of Iranian oil officials to protect the country’s market [...]
Source: Reuters
March 1, 2010
* Smith says countries not “strategically significant”
* Iran, Sudan, Syria accounted for 1 pct of 2009 revenue
SAN FRANCISCO, March 1 (Reuters) – Smith International Inc (SII.N), an oilfield services company set to be taken over by industry leader Schlumberger Ltd (SLB.N), said on Monday it was actively pursuing the termination of all [...]
By Chen Aizhu
Source: Reuters Africa
February 24, 2010
BEIJING – China imported less crude oil from Saudi Arabia and Iran in January from a year earlier, but raised purchases from African exporters such as Angola and Libya and smaller MidEast producers Kuwait and Iraq, customs data showed.
But traders familiar with Saudi and Iranian supplies to China said [...]
Tied to a vocal campaign for Iranian democracy, they just might be enough to destabilize the regime.
By Reuel Marc Gerecht and Mark Dubowitz
Source: The Wall Street Journal
February 22, 2010
Are gasoline sanctions against Iran a bad idea? President Barack Obama appears to think so, despite endorsing the idea twice during his election campaign. Although the administration [...]
Oil prices rose to 80 dollars a barrel in New York on Monday, boosted by supply worries as a major strike gripped the French oil industry and tensions remained high over Iran’s nuclear Programme.
Source: Agence France Presses/Telegraph
February 22, 2010
New York’s main futures contract, light sweet crude for delivery in March, added 35 [...]
Iraq has ambitious plans for its oil industry.That could have important implications for Iran and the rest of the region
Feb 18th 2010 | BASRA AND UMM QASR | From The Economist print edition
IN EARLY September 1960 the Iraqi government hosted officials from Venezuela and three Gulf countries for an obscure five-day conference in Baghdad. Wearing [...]
Source: BBC
February 15, 2010
The French energy company Total has designs on doing business in Iran.
Despite sanctions over the country’s nuclear ambitions Total believes that Iran’s oil resources will have to be developed to meet global demand.
The chief executive of the French oil giant, Christophe de Margerie, has told the BBC about the company’s aim of [...]
By OGJ editors
Source: Oil and Gas Journal
Feb 15, 2010
HOUSTON — A unit of National Iranian Oil Co. has spudded an exploratory well in the Caspian Sea off Iran.
Construction of the Iran Alborz fourth-generation semisubmersible began in 2001 (OGJ, July 4, 2005, p. 57). It is operated by Iran North Drilling Co., said a report [...]
By Alaric Nightingale
February 8, 2010
Source: Business Week/ Bloomberg
Feb. 9 (Bloomberg) — Iran, OPEC’s second-largest crude producer, has at least three supertankers idling in the Persian Gulf, as oil prices decline five weeks before the group’s next meeting, vessel-tracking data show.
The tankers, each bigger than the Chrysler Building, have been almost stationary for at least four [...]
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