Tuesday, August 16, 2022

Energy Market

Massive Onshore Gas Field Found in Southern Iran

Iran has discovered a massive onshore gas field in the country’s south after a year of exploration, Fars news agency reported on Wednesday.

Iran’s Petropars to Develop South Pars 11 Alone after CNPC’s Pullout

Iranian Minister of Petroleum Bijan Zangeneh says the Iranian company Petropars will develop the Phase 11 of giant gas field South Pars after the Chinese company CNPC International pulled out of the contract.

Iran Denies Reports of Cyber-Attack on Its Oil Facilities

The cyberspace security centre of Iran president's office (AFTA) has in a statement rejected Western media reports that Iranian oil facilities and other vital infrastructure have been targeted by successful cyber-attacks.

Iran Digging for New Gas Reserves in Persian Gulf

Iran has launched a scheme to explore and use new undersea gas reserves in the Persian Gulf, considering an inevitable drop of pressure at the giant South Pars gas field, shared with Qatar.

Saudi Oil Output Cut by Half after Yemeni Drone Attacks

Attacks by 10 Yemeni drones against two plants at the heart of Saudi Arabia’s oil industry have knocked out more than half of the Kingdom’s output.

Hawkish Senator Calls for Bombing Iran’s Refineries after Aramco Attacks

Hawkish American Senator Lindsey Graham has says the US should mull bombing Iranian oil refineries if Tehran continues boosting its nuclear enrichment to higher grades.

New Phase of South Pars Gas Field to Become Operational: Oil Minister

Iran’s oil minister says the status of phase 11 of the South Pars Gas Field as well as Farzad B Gas field will be settled this year.

Iran Seizes Foreign Ship Carrying Smuggled Fuel

Iran has seized a vessel carrying contraband fuel in the Persian Gulf, arresting a number of its crew members.

New Oil Reserves Found in South-Western Iran

Iran has discovered new oil reserves in the southwestern Dezful region, the National Iranian Oil Company Exploration Directorate (NIOCEXP) says.

Iranian Tanker Adrian Darya Says Heading for Turkey

Iranian supertanker Adrian Darya 1 (formerly Grace 1) is heading for the Turkish port city of Mersin according to its AIS destination.

Zeroing Out Iran’s Oil Exports to Threaten Safety of Int’l Waterways: Rouhani

Iranian President Hassan Rouhani says international waterways will not be as safe as before if Iran’s oil exports are zeroed out.

Iranian Oil Tanker Runs into Technical Problem in Red Sea

An Iranian oil tanker operated by the National Iranian Tanker Company (NITC) has experienced technical difficulties in the Red Sea.

Fate of UK Tanker Not Linked to Gibraltar’s Release of Iranian Tanker: Tehran

Iran's Foreign MInistry Spokesman Seyyed Abbas Mousavi says the fate of the 'offending' British oil tanker Stena Impero, which is impounded in Iran, is not at all related to the recent move by Gibraltar to release the Iranian oil tanker Adrian Darya (formerly Grace-1).

Iran Warns US against Any Fresh Attempt to Seize Iranian Tanker

Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi says the country has officially warned the US government against making any fresh attempt to seize the Iranian oil tanker Adrian Darya (formerly Grace-1) which was recently released by Gibraltar after an unlawful 45-day seizure.

Iran’s Navy Says Ready to Escort ‘Adrian Darya’ Tanker

Iran’s Navy commander has voiced readiness for bringing the supertanker Adrian Darya back to home under naval escort after the government of Gibraltar released the Iranian vessel.

US Issues Warrant to Seize Iranian Tanker Released by Gibraltar

The US Department of Justice (DOJ) has unveiled a warrant for the seizure of the Iran-operated Grace 1 supertanker a day after Gibraltar’s Supreme Court confirmed the release of the vessel.

Grace-1 Tanker Renamed to ‘Adrian Darya’, Ready to Leave Gibraltar

The supertanker Grace-1 has been renamed to “Adrian Darya” and reflagged under the Iranian flag upon the ship owner’s request, a senior Iranian official said, as the vessel prepares to leave Gibraltar on Friday.

Iran Says Will Pump Oil from East of Hormuz Strait by 2021

Iranian officials say oil exports from the east of the Strait of Hormuz, where over 30 percent of the global seaborne oil traffic is handled, will be possible by early 2021 thanks to a major pipeline project which aims to pump crude to the eastern end of the waterway.

Nine Countries Willing to Buy Iranian Gasoline: Official

An energy official says the high-quality gasoline produced in Iran is so reasonably priced that nine neighbouring states are competing for a share of the fuel.

UK Says Iran Must Be Allowed to Sell Its Oil

The United Kingdom’s Ambassador to Tehran Rob Macaire says the Islamic Republic must be allowed to sell its crude oil despite the US sanctions, and London supports the country in doing that.

IRGC Navy Seizes ‘Foreign’ Tanker in Persian Gulf: State TV

The Islamic Revolution Guards Corps (IRGC) Navy says it has seized a foreign vessel carrying one million litres of smuggled fuel south of Larak Island in the Persian Gulf, the state TV announced Thursday.

Iran Weighing Plan to Collect Toll from Ships at Hormuz Strait

A senior member of the Iranian parliament has shared more details of a plan to collect tolls from foreign ships passing through the Strait of Hormuz in the Persian Gulf.

Oil Tanker Seized by UK Not Bound for Syria: Iran

Iran says the supertanker carrying its oil sailing in international waters in the Strait of Gibraltar was not bound for Syria, and the UK was not allowed to seize it.

Sources in Iran Deny Reports of Seizing UK Oil Tanker

Informed sources in Iran have dismissed the fabricated news of the seizure of a British oil tanker in the Persian Gulf, IRIB News Agency reported.

Iran Dismisses Reports of Drop in Oil Sales

The oil minister of Iran quashed rumors about a slump in the country’s oil sales.

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