Tag Archives: Bijan Namdar Zangeneh

.Oil market is moving towards rebalancing of supply of demand and no one has ever imagined this to happen all at onc

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

The deal involves Iranian supplies between 20-25 million cubic meters of gas to Iraq.

Iran is now producing over 300.000 barrels of oil from the fields.

Iran’s exports of oil and condensate had doubled after the removal of sanctions against the country.

Ayatollah Hashemi revived oil industry after the imposed war.

The pipeline project will cost IRR 300b which will be procured by private investors.

Cancellation of the article will set the grounds for bolstering and developing the petrochemical industry of the country.

Iran’s gas output from the field will reach that of Qatar which is a national determination.

Iraq is willing to export its oil in the forms of swap or transit to the target markets via Iran.