Iran aims to recover $1.75bn worth of oil stranded in Chinese ports
Iran is negotiating with Chinese storage operators over storage fees and oil release conditions.
09 January 2025
09 January 2025
Iran is negotiating with Chinese storage operators over storage fees and oil release conditions.
The auction planned to offer 400,000 acres of the refuge, with an intent declaration deadline of 6 January.
The unviable block, PEL39, covers an area of 12,000km².
The ongoing conflict has highlighted the importance of diversifying gas supplies to build resilience against geopolitical risks.
CB&I will begin construction in November 2025, with project completion set for early 2028.
Petrosight's cloud-based well site management technology is tailored for oilfield engineers and field supervisors.
The Salamanca floating production unit (FPU) is the first Gulf of Mexico (GOM) facility refurbishment to return as a producing asset.
The ban may raise shipping costs for Shandong's independent refiners buying discounted crude from sanctioned nations.
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