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British Pergas seems to do little business in the United States. which potentially boosts its freedom to operate in Tehran.

The surge in U.S. output has been offset by deep supply cuts for over a year by OPEC and other producers including Russia.

Both Saudi Aramco and ADNOC. have announced massive plans to boost their refining capacity and petrochemicals business.

Overall. India imported 4.51 million bpd in April. 2.5 percent higher than a year ago.

Tehran and Ashgabat could take major steps in order to enhance their relations which would benefit both of them.

Plans are well advanced to expand the complex’s refining capacity by more than 65%. or 600.000 bpd by 2025.

LUKOIL will remain one of the largest investors and employers in Iraq in the coming years.

A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.

Iran is one of the world’s largest oil producing countries.

EIA reported Wednesday that crude supplies fell by 2.2 million barrels for the week ended May 4.