Tag Archives: JCPOA

The field exported about 1.6 million tons of non-oil products valued at $754 million.

The IAEA is monitoring Iran'.s nuclear programme under the Joint Comprehensive Plan of Action (JCPOA).

On May 8. US President Donald Trump announced that his country would exit the 2015 nuclear deal.

European leaders. who aggressively lobbied Mr. Trump not to leave the agreement. are set to visit Russia soon to discuss a way forward.

Experts believe that the US move would bring uncertainty to prices.

Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.

The JCPOA implementation is acceptable for Iran’s oil sector until the Islamic Republic is able to sell its oil.

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 JCPOA ``continues to be the best way to ensure the exclusively peaceful nature of Iran’s nuclear program.

According to the agreement. Iran scaled back its nuclear activities in exchange for termination of economic and financial sanctions.