Tag Archives: Press TV

Iran’s total oil production currently stands at around 4 million bpd and its most important clients are China. South Korea. India and Japan. respectively.

The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.

The deal for phase 11 of the field marked the first by a major global energy company signed with Iran since the easing of sanctions against Tehran in January 2016.

Iran and Italy have signed deals potentially worth billions in sectors including energy. railways and defense.

The top EU official stressed the importance of the regular meetings of the Joint Commission in order to ensure transparency.

Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.

Germany is Iran’s largest trade partner in Europe.

The firms include Shell. France'.s Total. Italy'.s Eni. Malaysia'.s Petronas and Russia'.s Gazprom and Lukoil. as well as companies from China. Austria. Japan and other countries.