Press Esc to close

WorldOil

World Oil News Center



Taiwan resumes importing Iranian oil

BY JENNY W HSU

TAIPEI -- Taiwan resumed Iranian crude oil imports in November ending a seven month moratorium after winning an exemption from United States sanctions. CPC purchased 2 mmbbl of Iranian crude loaded last month, the Bureau of Energy said.

Formosa Petrochemical bought approximately 2 mmbbl of Iranian crude to be loaded by the end of December, company spokesman K. Y. Lin said.

"Due to risk diversification, we will continue to buy Iranian crude but the volume will decrease on a yearly basis in accordance to government' s pledge to reduce oil trade with Iran over its nuclear program, Mr. Lin" said.

Dow Jones Newswires

12/14/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events