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

Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.

Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.

Russia has promised to cut its daily oil output by up to 300.000 barrels in a gradual manner.

Iran'.s current oil production stands close to 3.8 million barrels per day.

Analysts and experts are now mostly predicting that oil prices will remain below $60 this year.

South Pars is a very advanced project from a technical perspective.

Iraq and Iran are the countries where oil production is expected to see the highest growth over the next decade.

South Korea considerably increased its crude oil imports from Iran in February.

Iraq is committed to cut national crude oil production in line with OPEC'.s agreement .

Within OPEC. Saudi Arabia has shouldered the burden of the production cuts. offsetting poorer compliance by other nations.