Iran News In Brief (14/May/2019)

14 May, 2019

JXTG says gets supplies from Saudi, others to replace Iranian oil: Reuters

JXTG Holdings, Japan’s biggest oil refinery operator, has secured crude oil supplies from other countries such as Saudi Arabia to replace Iranian oil shipments that have been crimped by U.S. sanctions, its president said on Monday. “We are not importing Iranian oil from May but there is no major impact,” JXTG Holdings President Tsutomu Sugimori, told an earnings news conference, when asked about the impact of tighter U.S. sanctions on Iranian oil.

Only 1 Indian client of Iran takes up extra Saudi oil for June: Reuters

Only one Indian buyer of Iranian oil has taken up Saudi Arabia’s offer of additional oil to make up for the loss of supplies from Tehran due to U.S. sanctions, taking an extra 2 million barrels from the Kingdom for June shipment, industry sources said.

Iran resumes oil production in flood-hit Khuzestan: IRNA

Oil production in the southwestern flood-hit region of Khuzestan is back on track, weeks after some wells were inundated, putting on hold crude production from this area. “Oil production in the southern oilfields in underway as most of the closed wells are now back on line,” Ahmad Mohammadi, CEO of National Iranian South Oil Fields Company, told IRNA on Sunday. 

Mogherini: First transaction of INSTEX to be conducted within weeks: IRNA

European Union's diplomatic chief Federica Mogherini reiterated Europe’s adherence to the full implementation of the JCPOA, saying that INSTEX will get up and running and have the first transactions hopefully in the next few weeks.

The full version of website content is available only to IranOilGas Network members.
Register & Request a Trial Now!

About IranOilGas Network

Established by highly experienced oil & gas professionals in 2000, IranOilGas Network is the leading independent Iranian oil, gas & petrochemical information network providing a variety of consultancy & information services.

to IranOilGas Network