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Asian refiners seeking more oil from outside Iran after U.S. sanctions - KPC CEO

Reuters  |  BEIJING 

By Chen AizhuBEIJING (Reuters) - Asian refiners are seeking alternatives to Iranian oil from Saudi Arabia, Kuwait, the United Arab Emirates and Iraq after the United States pledged to renew sanctions on Iran, Kuwait Petroleum Corp (KPC) Chief Executive Officer Nizar al-Adsani told Reuters on Monday.Speaking on the sidelines of an event in Beijing, al-Adsani confirmed KPC has increased output by 85,000 barrels per day (bpd) as part of last month's agreement by the Organization of the Petroleum Exporting Countries (OPEC) to raise output. Any further increases would depend on OPEC, he said. ...

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First Published: Mon, July 09 2018. 16:41 IST