Thursday, September 21, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Companies

Iran claims oil, petrochem exports hit highest since 2018

10 months ago
in Companies
Iran claims oil, petrochem exports hit highest since 2018
Share on FacebookShare on Twitter

Latest Oil News

New study shows huge variation in how different oil companies manage climate

New study shows huge variation in how different oil companies manage climate

February 1, 2023
Eni Boosts Gas Production In Libya With $8 Billion Investment

Eni Boosts Gas Production In Libya With $8 Billion Investment

January 31, 2023
Can Colombia Really Replace Oil And Gas Revenue?

Can Colombia Really Replace Oil And Gas Revenue?

January 30, 2023
Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

January 29, 2023


Oil Price


Iran’s exports of crude oil, condensates, and petrochemical products hit their highest level in the Iranian month of November since 2018, when the U.S. reimposed sanctions on the Islamic Republic’s oil industry, Petroleum Minister Javad Owji said.

Iran claims oil, petrochem exports hit highest since 2018- oil and gas 360

Source: Oil Price

“Iran’s oil industry is currently at the forefront of the economic war and the highest sanctions have been imposed on the industry,” Iran’s news agency ILNA quoted minister Owji as saying.

Iran has achieved “significant growth” in its domestic energy sector and presence on foreign markets despite the “cruel sanctions,” the minister was quoted as saying.

Despite the U.S. sanctions on its oil and banking industry, Iran has continued to export its oil since 2018, with under-the-radar shipments headed mostly to China and barter cargoes to Venezuela.

Last week, Iranian President Ebrahim Raisi claimed that the country’s oil exports had reached pre-sanction levels.

Referring to the now-stalled nuclear talks, Raisi said that “Tehran has already expressed its stances and it is the US that must make up its mind.”

Although sanctions on Iran’s oil exports remained in place, the Islamic Republic shipped more crude oil, primarily to China, in 2021 than in 2020, the U.S. Energy Information Administration (EIA) said in an overview of Iran’s oil industry published last week.

The EIA estimates that Iran’s crude oil and condensate exports averaged more than 2.5 million barrels per day (bpd) in 2017, the year before the United States reimposed sanctions when it fell to an average of 400,000 bpd in 2020. Iran’s exports began to rise in November 2020 and reached an average of more than 600,000 bpd in 2021 as a result of shipping more crude oil to China. Estimates based on ClipperData show that Iran’s oil exports averaged more than 700,000 bpd in the first quarter of 2022, the EIA said.

Meanwhile, anti-government protests in Iran continue for a third month, and even oil workers have joined them. Meanwhile, authorities are trying to crack down on the biggest mass dissent in the country in decades. In October, dozens of Iranian oil workers joined nationwide protests, and striking petrochemical workers at the Asaluyeh refinery chanted “death to the dictator” and walked off the complex on October 11, a video shared on Twitter by Bloomberg showed.

The workers also set tires on fire to block the road for Iran’s security forces.





news.google.com

Tags: ClaimsExportshighesthitIRANoilpetrochem
Previous Post

Moldova Dismisses Gazprom Allegations That Ukraine Is Withholding Gas Deliveries

Next Post

The clock is ticking on a Russian oil price cap

Related Posts

New study shows huge variation in how different oil companies manage climate

New study shows huge variation in how different oil companies manage climate

by Oil Market News
February 1, 2023
0

By Jon Goldstein and Ben HmielFor the last several years, researchers have been studying methane emissions in the Permian Basin...

Eni Boosts Gas Production In Libya With $8 Billion Investment

Eni Boosts Gas Production In Libya With $8 Billion Investment

by Oil Market News
January 31, 2023
0

Given that Libya has exhibited all the stability of a puff adder on benzedrine since the West removed its longstanding...

Can Colombia Really Replace Oil And Gas Revenue?

Can Colombia Really Replace Oil And Gas Revenue?

by Oil Market News
January 30, 2023
0

Colombia’s new President, Gustavo Petro, wants to move the South American country away from fossil fuels and replace oil revenues...

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

by Oil Market News
January 29, 2023
0

Windfall taxes, price caps, and calls for more oil and gas production marked 2022 in oil and gas. It looks...

New tech could unleash NM’s clean geothermal energy potential

New tech could unleash NM’s clean geothermal energy potential

by Oil Market News
January 28, 2023
0

Canadian company Eavor Inc. has designed a new closed-loop system to tap geothermal energy in deep-underground hot-rock formations. Eavor applies...

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

by Oil Market News
January 27, 2023
0

Veteran oilman Bob Simpson ushered a new venture to the New York Stock Exchange Friday when Fort Worth-based TXO Energy...

Next Post
The clock is ticking on a Russian oil price cap

The clock is ticking on a Russian oil price cap

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Ditch These 2 Dangerous Oil Stocks Before It’s Too Late

Ditch These 2 Dangerous Oil Stocks Before It’s Too Late

12 months ago
Why Saudi Arabia Isn’t Giving Up On Its Russian Oil Alliance

Why Saudi Arabia Isn’t Giving Up On Its Russian Oil Alliance

1 year ago
FG tasks 2023 OPEC’s President on attracting investments in oil

FG tasks 2023 OPEC’s President on attracting investments in oil

8 months ago
Iran Under Fire For Undeclared Nuclear Materials

Iran Under Fire For Undeclared Nuclear Materials

1 year ago
OPEC’s Crude Production Rose in December as Nigeria Pushed Ahead with a Crackdown on

OPEC’s Crude Production Rose in December as Nigeria Pushed Ahead with a Crackdown on

9 months ago
ADVERTISEMENT
Crude Oil Shielded From Bond and Stock Market Rout

Texas oil money auditions Trump rivals for battle against green agenda

September 20, 2023

Oil: Saudi lollipop set to sweeten energy company valuations

September 19, 2023

After $16bn judgment, Burford’s next battle will be making Argentina pay

September 18, 2023

California accuses Big Oil of covering up climate change risks in lawsuit

September 17, 2023

How Bernard Looney’s career at BP unravelled

September 16, 2023

Why oil is back to $90 a barrel

September 15, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Crude Oil Shielded From Bond and Stock Market Rout

Texas oil money auditions Trump rivals for battle against green agenda

September 20, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Oil: Saudi lollipop set to sweeten energy company valuations

September 19, 2023
Crude Oil Shielded From Bond and Stock Market Rout

After $16bn judgment, Burford’s next battle will be making Argentina pay

September 18, 2023
Crude Oil Shielded From Bond and Stock Market Rout

California accuses Big Oil of covering up climate change risks in lawsuit

September 17, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.