Tag Archives: Asadollah Qarekhani

Iran'.s oil industry had continued its development process despite sanctions over the past years and decades.

Iran is OPEC'.s second-largest crude exporter with more than 2 million barrels a day.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

Instead of making payments to Iran. India used the money for other activities such as making investments of its own.

Total will raise gas production from Phase 11 to around 51 million cubic meters per day in 20 years.