Tag Archives: Oil Minister

Iranian crude exports are now on the rise.

Iran is set to export some 2.16 million bpd. Post-sanction exports reached a high of almost 2.6 million barrels last September.

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.

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

Iran used to sell around 800.000 bpd to European buyers before the tightening of international sanctions in 2011 and 2012.

Turkmenistan claims Iran has to pay $1.8 billion due payment for gas it received in 2007-2008. Iran denies the claim.

The pipeline will connect the South Pars/North Dome Gas field shared by Iran and Qatar with the Iraqi city of Basra.

We see a lot of indication that there is a departure in the current administration from the campaign slogans and we don’t see a conflict coming up.

Iran is developing the giant South Pars field in 24 phases.

Iran foresees no challenge in forming oil cooperation with America as positive signs can be already seen in this regard.