Oil

Under a national plan. Iran seeks to stretch out the nationwide railroad line to 25.000 kilometers by 2025 from under 15.000 kilometers now.

Iran is aiming to raise oil output to around 4 million bpd by the end of the year from around 3.8 million bpd in recent months.

Harvey’s full impact will only be known once refiners assess the damage to their flooded plants.

Iraq thus has fulfilled its obligations to reduce production by more than 100%.

The vessel’s arrival at the Huizhou terminal was celebrated by an Aramco Asia delegation together with representatives from CNOOC upper management.

Traders will try to keep discharge options open so that they are able to anticipate any potential delays in discharging the cargoes.

Iran launched its first homegrown OSRV. Daryapak-1. in the southern port city of Bandar Abbas in June 2015.

In July. the US Senate approved a bill on new non-nuclear sanctions against Iranian individuals and entities over the country'.s missile program and alleged human rights violations.

In order to feed the terminal. Iran will need to construct a pipeline stretching more than 1.000 kilometers to carry one million barrels of oil a day.

The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.