Tag Archives: Production

Governor of Iran’s Central Bank (CBI) Abdolnaser Hemmati said that the CBI will start implementing its first round of open market operation (OMO) policies by the end of the current month.

New statistics published by the government shows this is a record 63% lower than the same period in 2018.

Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.

There was currently a supply glut in the global oil market which was caused by the US shale boom.

The daily gasoline production volume of the country hit 110 million liters in June.

The Iranian Oil Minister Bijan Namdar-e Zanganeh has said that the country can lift its crude oil production to the level before the US sanctions in less than 3 days.

In 2019. China included tight gas in the new unconventional gas subsidy scheme for the first time.

The AEOI used to produce 10 tons of uranium for years. while the volume stood at 30 tons last year.

The Saudis have vowed to keep production well below 10 million bpd.

Despite the US sanctions. many countries. including China. still continue oil imports from Iran.