Tag Archives: Persian Gulf Countries

The two neighboring countries also have agreed on a deal for exporting 25 mcm of gas to Iraq’s Basra.

Iran was the only country allowed to slightly boost output.

Gas condensate exports are set to rise to 400.000 cubic metres this year. from 200.000 cubic metres in 2016.

It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.

The average production of oil during the first 6 months of the year should stand at the established quota.

Iran and Oman have agreed to conduct joint venture in Chabahar Free Trade Zone.

Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.

The OPEC 171st session aiming at reviewing the oil freeze plan was held in Vienna on November 30.

Iran is ready to inject gas into the export pipeline.

Kuwait chairs the five-member committee which also includes Algeria. Venezuela. Russia and Oman.