{"id":291187,"date":"2019-09-11T06:26:06","date_gmt":"2019-09-11T06:26:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291187"},"modified":"2019-09-11T06:26:06","modified_gmt":"2019-09-11T06:26:06","slug":"nayara-says-iran-venezuela-supply-cut-tightens-heavy-oil-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nayara-says-iran-venezuela-supply-cut-tightens-heavy-oil-market\/","title":{"rendered":"Nayara says Iran, Venezuela supply cut tightens heavy oil market"},"content":{"rendered":"<p>India&#8217;s Nayara Energy Ltd, part-owned by a consortium led by Russian oil major Rosneft , is scouting for ultra-heavy oil amid tightening supply following U.S. sanctions against Iran and Venezuela, its vice-president said on Tuesday.<\/p>\n<p>&#8220;Iran and Venezuela have taken 3.5 million barrels per day (bpd) out of the market,&#8221; said Ashutosh S Deshpande, referring to the impact of sanctions restricting supplies from those countries in comments during a panel session at the Asia Pacific Petroleum Conference (APPEC) in Singapore.<\/p>\n<p>&#8220;The market for sour (grades) and heavies has become more tight,&#8221; said Deshpande. Nayara operates a 400,000 barrels per day (bpd) refinery at Vadinar in India&#8217;s west coast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Nayara Energy Ltd, part-owned by a consortium led by Russian oil major Rosneft , is scouting for ultra-heavy oil amid tightening supply following U.S. sanctions against Iran and Venezuela, its vice-president said on Tuesday. &#8220;Iran and Venezuela have taken 3.5 million barrels per day (bpd) out of the market,&#8221; said Ashutosh S Deshpande, referring to the impact of sanctions restricting supplies from those countries in comments during a panel session at the Asia Pacific Petroleum Conference (APPEC) in Singapore. &#8220;The market for sour (grades) and heavies has become more tight,&#8221; said Deshpande. Nayara operates a 400,000 barrels per day [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-291187","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291187"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291187\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}