Tag Archives: Iraq

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

The market is waiting to see how the Opec cuts and US supply situation plays out.

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 two neighboring countries also have agreed on a deal for exporting 25 mcm of gas to Iraq’s Basra.

Gas condensate exports are set to rise to 400.000 cubic metres this year. from 200.000 cubic metres in 2016.

Iran is ready to inject gas into the export pipeline.

Iran'.s electricity industry ranks 14th in the world in terms of output and 19th in terms of consumption.