Tag Archives: Oil Minister

A decision to delay the meeting would leave the future of the OPEC+ 1.7 million b d production cut accord with Russia and other allies up in the air.

Iran’s Maritime Guards managed to discover and confiscate some 40.000 liters of smuggled diesel fuel in Bandar Mahshahr. a port in the Southwestern province of Khuzestan.

The rig’s maximum drilling depth is reported to be 20.000 feet. and the structure is able to tolerate a maximum static load of one million pounds.

Iran has kept developing its sprawling oil and gas fields despite facing a harsh regime of American sanctions.

OPEC and its partners have been limiting supply since 2017.

Investment risks should be offset by increased interest rates and returns.

Last year. Iran eyed 300.000 barrels per day oil production from its West Karoun oilfields.

Iran has been a major importer of cokes that are vastly used as fuels in the steel and aluminum industry.

Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world’s largest oil importer and fueled concerns of excess supplies.

The coronavirus epidemic has a negative impact on economic activities.