50570
US: Iran Oil Exports Reach Pre-Sanctions Level
Energy

US: Iran Oil Exports Reach Pre-Sanctions Level

Iran is exporting oil at roughly the same level it was before the introduction of international sanctions that have been lifted under a landmark nuclear deal between Tehran and major powers, US Energy Secretary Ernest Moniz said on Monday.
“Their oil production and oil exports are essentially back to pre-sanctions levels,” Moniz told a news conference on the sidelines of a meeting of the UN nuclear agency.
“They are exporting the way they were before and that’s a considerable additional cash flow.”
Unshackled by international sanctions in January, Tehran has steadily boosted supplies as it seeks to retake the share it lost in the global crude market over the past several years.
Iran is now pumping slightly above 3.8 million barrels of crude per day, including gas condensates, according to government data.
It hopes to reach the pre-sanctions production level of around 4 million bpd by the yearend.

 

Short URL : https://goo.gl/LkrQgY
  1. https://goo.gl/sYLrb6
  • https://goo.gl/fRByWX
  • https://goo.gl/Af0jZJ
  • https://goo.gl/QZP258
  • https://goo.gl/CUhGiV

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Trending

Googleplus