Two interesting items from AME Info this morning:
Iran’s Deputy Oil Minister Mohammed Hadi Nejad Hosseinian has said that India and Pakistan must increase their offer for its gas, in order to help agree a deal to build a $7bn gas pipeline through Pakistan, reported Reuters. In Delhi for a two day meeting, Hosseinian said that the Asian neighbours were offering to pay only half of what the Tehran government was seeking.
And with regard to Iran’s overall crude sales during this time of Middle East conflict:
Political tensions regarding Iran’s nuclear policy and the threat of sanctions have not affected sales of the country’s crude oil, reported Reuters. Rising global demands, alongside production problems in Nigeria, have maintained sales despite reduced orders from Japan, the world’s third biggest consumer. Iran has recently sold millions of barrels it had been storing offshore due to a previous lack of demand, with India and Royal Dutch Shell the main buyers.