Tag Archives: Iran

The cooperation can to a great extent help push Oil Ministry'.s plans on boosting gas exports.

Iran ranks first in the world'.s gas reserves and fourth in the world'.s oil reserves.

Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.

The project. which has generated a large number of jobs in the area. is hoped to develop agriculture and industries.

The average price of Iranian light crude oil has been $65.39 a barrel. and the average of the Iranian heavy crude oil has been $63.88.

Basra. Iraq'.s second largest city. needs Iranian gas to feed its power plant.

Surging U.S. production. which rose to 10.59 million bpd last week. has encouraged record-high U.S. exports.

Trump will decide by May 12 whether to restore the sanctions. which would probably result in a reduction of Iranian oil exports.

Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.

Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.