Tag Archives: International Organizations

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.

The pipeline will connect the South Pars/North Dome Gas field shared by Iran and Qatar with the Iraqi city of Basra.

The average of Turkey'.s imports reached 126.000 bpd from the beginning of 2016 until the end of Nov.

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

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

The two countries also agreed on a 13.3 percent discount on the prices of gas delivered from the Islamic Republic to Turkey.

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