Tag Archives: Market Share

Iran was exempted from an OPEC deal in January to reduce output by 1.2 million barrels per day (bpd)

Russian oil producers achieved a major milestone in 2016.

Iran is eligible and capable to absorb some $370-380 billions within the next decade.

Renewable energy will gain a market share over the long term but it would not be dominant.

Sales rose 13.3 percent last year and vehicles sold in 2016 topped 3.18 million vehicles - a sales record.

Iranian crude and condensate exports last month hit a five-month low of around 2.34 million bpd.

Iran is also looking to use the opportunity to push into new markets in Europe.

The Vitol Iranian deal was signed in October and will come into effect this month. one of the sources who is based in Tehran said.

Major European companies including Royal Dutch Shell. BP. Total and Eni resumed buying Iran'.s crude oil last year as Iran ramped up oil sales to its traditional customers in Asia.

India topped China'.s imports for a third straight month as its imports from Iran grew more than four-fold from a year earlier to 620.000 bpd.