Tag Archives: Oil Minister

Iran appears to be ramping up its oil exports ahead of the likely sanctions.

Iran Oil Show 2018 is running during May 6-9 at the Tehran Permanent International Fairgrounds.

The four-day exhibition is sponsored by the Iranian Ministry of Oil and its subsidiary the National Iranian Oil Company.

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.

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

OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.

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

India will work to create a network with other major oil buyers in Asia to negotiate better terms with sellers.

Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.

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