Page 7 - AsianOil Week 03 2023

AsianOil PIPELINES & TRANSPORT AsianOil

Iranian oil exports seen climbing to new

highs in final two months of 2022

IRAN IRANIAN oil exports climbed to new highs in action against Iran’s oil exports [from the Biden
the last two months of 2022, according to com- administration],” Sara Vakhshouri of SVB was
This will support panies that track crude shipments. cited as saying, adding: “January exports were so
needed budget They are also making a robust start to 2023 far strong like previous months.”
revenues. despite US sanctions still in place that are meant “Lower Chinese demand and Russia’s supply
to drive Iranian oil of export markets. Shadow to China have been a major challenge for them.
sales to China plus shipments to Venezuela, like Most of its oil still goes to the Far East, ultimately
Iran under heavy US sanctions, appear to be China. Iran also helps Venezuela to export its
driving trade. Iran has been helping Venezuela oil,” said Vakhshouri.
resurrect its refining industry. Consultant Petro-Logistics, which also tracks
Energy consultant SVB International was oil supply, said its assessment was that in Decem-
cited by CNBC as saying Iran’s crude exports ber Iran’s crude exports hit their highest level
in December averaged 1.137mn barrels per day since March 2019.
(bpd). That was up 42,000 bpd from Novem- Kpler, a data intelligence firm, estimated Ira-
ber. It was also the highest 2022 figure SVB has nian crude exports at 1.23mn bpd in November
logged based on estimates given earlier. and just below 1mn bpd in December.
“In comparison to the Trump administra- Iran’s draft state budget is based on shipments
tion, there hasn’t been any serious crackdown or of 1.4mn bpd. ™

Gazprom hopes to increase gas deliveries to

CNPC to 48 bcm soon

RUSSIA GAZPROM, the Russian gas holding, and China implementation of the arrangements provided
National Petroleum Corporation (CNPC) have for by the sales and purchase agreement (SPA)
Gazprom is relying discussed key areas of co-operation for 2023, for natural gas supplies via the Far Eastern route,
on increased Chinese including a project for gas supplies via the Far which was signed by the companies in February
exports to offset the loss Eastern route and the design of the Soyuz Vostok 2022.
of the European market. gas pipeline through Mongolia, Gazprom said in This is the second long-term SPA for Russian
a press release on January 12. pipeline gas supplies between Gazprom and
Gazprom and CNPC are working to expand CNPC. It was highlighted that the work within
their business as Russia attempts to switch its the project is proceeding in line with the sched-
gas export business from West to East. Gaz- ule agreed by the parties.
prom's total exports to China will reach 48bn Gazprom's representatives also informed
cubic meters of gas per year in the coming years, their Chinese colleagues about the progress of
although no firm deadline was mentioned. In design development works for the Soyuz Vostok
addition, taking into account the transit gas gas pipeline to deliver Russian gas to China
pipeline through Mongolia, exports could reach through Mongolia. The companies agreed on
almost 100 bcm per year. the dates for scheduled maintenance work on
The statement said that the meeting partici- the Power of Siberia gas pipeline in spring and
pants had reviewed the results of their joint activ- autumn 2023.
ities for 2022 and discussed the plans regarding The meeting of the Joint Coordinating
key areas of co-operation for 2023. The Russian Committee (JCC) was moderated by Vitaly
side emphasised that Gazprom is reliably sup- Markelov and Elena Burmistrova, both deputy
plying gas to China via the Power of Siberia gas chairmen of the Gazprom management com-
pipeline, which is due to be expanded. mittee, and Huang Yongzhang, vice president
Particular attention was paid to the ongoing of CNPC. ™

Week 03 20•January•2023 www. NEWSBASE .com P7