The National Iranian Oil Products Distribution Company (NIOPDC) has announced that the country has deployed its first Euro 4-compliant gas oil shipment to global markets.
Iran and Iraq are expected to sign an agreement for export of 2m tons of gas oil to Iraq, which will turn the neighboring country into largest buyer of the Iranian oil product.
Egypt and Saudi Arabia have reached a deal to supply Egypt with a monthly 800,000 tons of petroleum products for three months starting from February 2016.
Gulf Petrochem Group, a company operating in the downstream and midstream sectors of the oil and energy industry, said it has opened its brand new state-of-the-art terminal in Sharjah.
Iran announced on Saturday that it had shut down its Shazand refinery in Arak province due to technical failures
State-owned Egyptian General Petroleum Corp (EGPC) has awarded a tender to buy 18-20 cargoes of gas oil between March and June, traders said on Thursday.