Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at North Oil Terminal.
Iran has announced the resumption of swaps of crude oil for petroleum products with the Caspian littoral states – Turkmenistan and Kazakhstan, after a five year suspension.
Russian Energy Minister Alexander Novak announced that Russia’s construction of two more nuclear power units in Bushehr in southwest Iran will cost about $11 b
Iran and China plan to jointly construct the fourth oil refinery of Kazakhstan
Bloomberg learned that Nigeria has canceled a two-month old ban on 113 foreign-flagged vessels, preventing them from loading crude or gas from the country.
Iran says it has received new requests from its northern neighbors to revive a strategic crude oil swap scheme that was abandoned more than five years ago.