Oil

.Venezuelan Foreign Minister Delcy Rodríguez described Venezuela’s relations with Iran as strategic

Iraq has been the main cause of worry for energy investors ever since OPEC agreed to cut its production in November last year

.Implementation of the output cut by OPEC and non-OPEC suppliers has positively influenced the prices

we have no problem to continue talks with Saudi Arabia on further coordination at the OPEC level

.Iran has launched a new project aimed at enhancing production capacity of Abadan Oil Refinery and stabilizing its operation

.Iran’s refinery capacity is now 1.700.000 barrels per day

.Based on the U.S. Congress sanctions. the American oil companies cannot work in Iran

.The two neighbors hope the pipeline can be commissioned two years after construction work begins

.The US said the sanctions would not impact the Joint Comprehensive Plan of Action deal

.The world’s largest oil-consuming country could sell as much as 800.000 barrels per day of crude overseas this year