Tag Archives: Export

Under the sanctions. Iran'.s oil output was slashed by nearly 40% as a handful of buyers shipped in about 1 million bpd of oil from the country under special waivers.

Iran prefers exporting liquefied natural gas (LNG) to distant markets including the EU. but no agreement has been reached so far for construction of the plants for the purpose.

Iran has the potential to continue producing oil for at least a century.

Earlier. Barkindo said that in addition to production. it would be enriching also to look at other parameters such as export.

Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.

The government'.s latest move allows Baghdad to export crude without depending on Kurdish region.

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

The IMF document noted the natural gas price index—an average for Europe. Japan. and the United States—decreased by 9.6 percent from February to August 2017.

Both Iran and Indonesia have already announced serious plans to boost the level of their trade to as high as $2 billion.

Qatar is one of the largest suppliers of liquefied natural gas in the world.