Tag Archives: Persian Gulf Countries

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.

Iran and Oman are expected to invest in Chabahar Free Trade Zone on joint venture.

In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.

Iran'.s electricity industry ranks 14th in the world in terms of output and 19th in terms of consumption.

Imported cars shared only 5 percent of Iran’s total car market in the period.

The research institute has played a key role in the production and export of science and technology in oil.

The global gas demand is expected to increase by 50 percent by 2040.

Iran is now pumping around 3.8 million barrels per day of oil and condensate.