Iran’s oil discount to China reaches its highest level in a year

Iran’s oil discount to China reaches its highest level in a year

As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.

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Iran halts gas exports to Iraq

Iran halts gas exports to Iraq

The Iraqi Ministry of Electricity announced that the country has lost 5,500 megawatts of electricity following the cessation of Iranian gas exports to Iraq.
Oil production increased in Arvandan

Oil production increased in Arvandan

Arvandan Oil and Gas Company successfully completed a complex operation in North Gaspé and brought several closed and salt wells back into production.