Tag Archives: Asia

Iran agreed in November to cap its oil output at an average of 3.797 million barrels for the first half of 2017.

South Korea is a key importer of Iran’s condensate.

The rescue operation to find people stuck in the rubble of the building reached its final stages on Friday.

The global 2016 output stood at over 1.6 billion tons. up 0.7% year on year.

The market is waiting to see how the Opec cuts and US supply situation plays out.

Iran used to sell around 800.000 bpd to European buyers before the tightening of international sanctions in 2011 and 2012.

The new US president has also sent messages offering to increase the level of assistance to Iraq.

The country reluctantly agreed in November to an OPEC deal to cut production in a collective effort to try and boost oil prices.

Iran is eligible and capable to absorb some $370-380 billions within the next decade.

Turkmenistan claims Iran has to pay $1.8 billion due payment for gas it received in 2007-2008. Iran denies the claim.