Page 14 - Basrah Light News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Since the U.S. sanctions snapped back on Iran’s oil industry, relations between Iran and Iraq have grown more complex and controversial as a series of security and political events in the two countries have captured global attention. Yet while the political aspect of the Iran-Iraq relationship has been dominating coverage of the countries, their ongoing competition in the oil market has not—and once American sanctions are removed, Iran will be returning to a very different oil market. Sanctions and an Opportunity for Iraq The return of U.S. sanctions in 2018 was an opportunity for Tehran�...

REFINERY NEWS ROUNDUP: Refineries in India ramp up runs Refineries in India have been ramping up runs after demand for products, excluding jet, reached pre-coronavirus levels. Average capacity utilization for all categories of refineries in India improved to 87% in October compared with 86% in the previous month, showed the latest survey of the oil ministry Nov. 25, reflecting gradual improvement in oil demand as Asia’s third-largest economy unlocks. However, the October run was lower than the previous year’s run rate of 104%. In October, state-run refineries recorded 89% run compared wit...