Tag Archives: Sanctions

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.

Total has submitted a development proposal for the project.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

Iran is committed to its quota in the Organization of the Petroleum Exporting Countries (OPEC) in 2017.

India'.s oil imports rose 4.7 percent in March from the previous month and by about 4.9 percent from a year ago.

To boost MEG exports. negotiations are underway with India and European states.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

After the removal of sanctions in January 2016. Iran increased the oil export gradually. up to about 3 mb d in March.

Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.