Oil

Iran’s non-oil exports over the last fiscal year (started March 20) valued at $43.93 billion. The figure for the first half of the current year was $20.5 billion.

Iran has the potential to continue producing oil for at least a century.

Earlier. Barkindo said that in addition to production. it would be enriching also to look at other parameters such as export.

Saudi Arabia has been making contingency plans for a possible delay of the IPO. expected to be the largest in history.

U.S. sanctions could cut off a lot of Iranian oil trade finance.

With oil demand at about 1.2 million bpd and production at about 800.000 bpd. investors in Indonesia’s oil and gas sector will have a big supply gap to fill.

Tehran is looking to increase its crude output. and with 37 billion barrels of oil. the Azadegan field is Iran’s largest. shared with neighboring Iraq.

Under the production agreement. OPEC committed to 32.5 million bpd.

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.