Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
30-08-22
Iran prepares to inject 93m barrels of oil into market
(MENAFN) Iran as of now holds around 93 million barrels of crude oil and gas condensate stored on ships in the Persian Gulf, off Singapore and close to China prepared to be distributed into the market if the nuclear agreement is regained, Bloomberg mentioned in a report on Monday quoting ship-tracking company Kpler.
As mentioned by the report, Vortexa Ltd. Values the reserves at 60 to 70 million barrels, stating that there are also some smaller capacities in onshore storage services.
John Driscoll, head strategist at JTD Energy Services Pte stated that “Iran has built up a sizable flotilla of cargoes that could hit the market fairly soon,”
Iran’s response to the worldwide crude market would be very noteworthy seeing the fact that the European Union is applying tighter restrictions on Russian crude flows as of December and the Biden administration’s mammoth sale from the Planned Petroleum Reserve is going to finish in October.
MENAFN30082022000045014228ID1104779623
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us