Tag Archives: Persian Gulf Countries

The two neighbors share 6 oilfields namely Azar. Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

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

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.

Despite the supply adjustment. stocks have continued to rise. not just in the US. but also in Europe.

Iran’s oil output is 976.000 b/d more than the 2015 average.

India'.s oil imports from Iran rose nearly 17% in February from a month earlier.

India'.s February oil imports from Saudi Arabia and Iraq were nearly a third lower than the same month a year ago.

Saudi Arabia. nevertheless. still remains India’s top supplier

There are concerns that the glut could persist because shale supply.

Iran wants to increase daily gas output to a total of 1.2 billion cubic meters by 2021 from around 800 million cubic meters.