Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Iran also plans to introduce its new heavy crude grade from the West Karoun oil field as soon as six months from now.

Iran was also treated preferentially in the original negotiations.

OPEC members Libya and Nigeria have been exempted from supply curbs as their oil industries recover from years of unrest.

The world economy is ``almost as good as it gets.`` with one of the best performances since the global financial crisis of 2008-09.

Iran Heavy. one of the country'.s main export grades. settled at $51.60 a barrel. up 91 cents from the previous week.

Iran has struggled to expand oil exports after it sold all the oil it had stored for years at sea earlier this year.

Iran and Pakistan were historically and culturally one nation. having several commonalities in their concerns as well as interests.

Tehran has envisioned $130 billion in investment to develop its oil and natural gas fields.

The reductions will be on the same terms as those agreed in November.

The next JMMC meeting is scheduled to be held in Vienna. on 29 November 2017.