Uzbekistan Joins List of Iran’s Oil Clients

Source: www.gulfoilandgas.com 10/21/2017, Location: Asia

Iran is studying a request by Uzbekistan to export crude oil to the Central Asian country – an announcement that shows the list of Iranian oil clients is expanding as the nation pumps more crude to international markets.

Iran’s Petroleum Minister Bijan Zanganeh said that ranking Uzbek oil officials were already discussing imports from Iran with the National Iranian Oil Company (NIOC).

“Uzbekistan’s oil production is limited. Therefore, it needs to import this strategic product. Given that Uzbekistan has no access to sea, exports to the country need to be carried out through land and probably by rail,” he said after meeting the visiting Uzbek Foreign Minister Abdulaziz Kamilov.

The Iranian minister further emphasized that Tehran still needed to study the technicalities involved in exports of oil to Uzbekistan, stressing that the Iran supports the move as it could help strengthen relations between the countries.

During the years of US-led sanctions, Iran’s oil clients were limited to only five nations such as China, India, Japan, South Korea and Turkey. However, the list expanded after the sanctions that had been imposed against the country as a result of disputes over its nuclear energy activities were lifted in 2016.

Iran has been able to regain its lost market share in Europe while at the same time increasing oil exports to Asian clients. New European clients include Italy, Greece, Russia, France, Spain, Romania, Indonesia, Poland and the Netherlands.

Iran’s current oil export capacity stands at around 2.6 million barrels per day most of which is shipped to Asia, a quarter to Europe and the rest to certain minor markets.


Georgia >>  6/14/2021 - Highlights
- Block Energy has signed a Memorandum of Understanding ("MoU") with Baker Hughes to support drilling operations in Georgia. ...

India >>  6/14/2021 - McDermott International, Ltd today announced it has received two separate engineering, procurement, construction and commissioning (EPCC) contract awa...

Singapore >>  6/9/2021 - Pavilion Energy Trading & Supply Pte. Ltd. (Pavilion Energy) and bp Singapore Pte Limited (bp Singapore) have signed a long-term LNG sale and purchas...
Kazakhstan >>  6/4/2021 - President of PJSC "LUKOIL" Vagit Alekperov and Chairman of the Management Board of JSC NC "KazMunayGas" Alik Aidarbayev signed a sale and purchase agr...

Russia >>  6/3/2021 - Gazprom Neft and Shell have signed a Memorandum of Understanding setting out a framework for further cooperation in hydrocarbon exploration and produc...
Russia >>  5/28/2021 - - RITEK, a subsidiary of LUKOIL, will become the sole owner of Wolgodeminoil
- The asset transfer is part of Wintershall Dea’s strategy to focus...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.