Oil

We see a lot of indication that there is a departure in the current administration from the campaign slogans and we don’t see a conflict coming up.

Iran is developing the giant South Pars field in 24 phases.

Iran foresees no challenge in forming oil cooperation with America as positive signs can be already seen in this regard.

Preparation of the draft of oil deals has made 90% progress and the documents will be most likely ready by next week.

OMV has a long lasting partnership with Iran and entered the country in 2001.

Iran has registered a positive economic growth in the first 6 month of the current Iranian calendar year which began on March 20.

The new projects will augment Iran’s crude output capacity by about 15 thousand barrels per day.

The cash subsidy scheme has created a big hole in government finances.

Iran was the only country allowed to slightly boost output.

NIOC says a second list of qualified companies will be made available soon.