Tag Archives: Persian Gulf Countries

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.

Iran'.s oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year.

Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems.

The nuclear deal helped increase oil exports. providing a vital boost to public funds to balance budgets for various sectors.