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Kuwait raises July crude oil official selling prices for Asia | Hellenic Shipping News Worldwide

Kuwait raises July crude oil official selling prices for Asia | Hellenic Shipping News Worldwide
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Iran should boost oil output to 6 5 mil b/d under new govt: Zanganeh | Hellenic Shipping News Worldwide

Iran should boost oil output to 6.5 mil b/d under new govt: Zanganeh Iran could “easily” boost its oil production capacity to 6.5 million b/d, Iran’s Oil Minister Bijan Zanganeh said May 31, as US, Iranian and European negotiators are set to convene this week for more talks over reinstating the nuclear deal. “We can easily reach 6.5 million barrels per day,” Zanganeh said at a ceremony to award studies on the country’s giant Azadegan oil field, the oil ministry’s Shana news service reported. At the ceremony, Ali Aghamohammadi, who is a member of Iran’s arbitration body Expediency Council, noted that Iran has long-term goals of using more crude output domestically for refined products, which in turn can be exported at higher margins.

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India still interested in Farzad B gas field as refineries eye Iran crude | Hellenic Shipping News Worldwide

India still interested in Farzad B gas field as refineries eye Iran crude India is still hopeful it can participate in the Farzad B natural gas field development in the Persian Gulf after Iran decided to go ahead with the project without foreign participation, oil ministry officials told S&P Global Platts on May 23. With US and Iran talks progressing to end sanctions against the Middle East country, some Indian refiners also told Platts they are looking forward to resuming crude trade with Iran. “Any positive development on Iran would reduce crude price and help consuming countries like India,” M.K. Surana, chairman and managing director of Hindustan Petroleum Corp. Ltd (HPCL). India’s No 3 state-run refiner, told Platts. Oil prices are unlikely to go much beyond $70/b for long.

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India still interested in Farzad B gas field as refineries eye Iran crude

India is still hopeful it can participate in the Farzad B natural gas field development in the Persian Gulf after Iran decided to go ahead with the project without foreign participation, oil ministry officials told S&P Global Platts on May 23. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With US and Iran talks progressing to end sanctions against the Middle East country, some Indian refiners also told Platts they are looking forward to resuming crude trade with Iran. Any positive development on Iran would reduce crude price and help consuming countries like India, M.K. Surana, chairman and managing director of Hindustan Petroleum Corp. Ltd (HPCL). India s No 3 state-run refiner, told Platts. Oil prices are unlikely to go much beyond $70/b for long.

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FACTBOX: Iran readies for oil sanctions relief, as Rouhani says JCPOA deal close

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iran s President Hassan Rouhani said May 20 that a main agreement has been reached, with the US broadly committing to lifting its sanctions targeting Iran s oil, petrochemical, shipping, insurance and banking sectors, though final details have yet to be settled. US officials have been more circumspect, saying only that the four rounds of discussions so far have crystalized what steps each side still needs to take. With Iran scheduled to hold its presidential election June 18, S&P Global Platts Analytics expects the nuclear negotiations to reach a framework deal in May, with full oil sanctions relief by September.

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