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2016-10-04 18:40:00

IRAN WANTS 4 MBD

IRAN WANTS 4 MBD

SHANA wrote, Managing director of National Iranian Oil Company (NIOC) Ali Kardor said Iran will not cease to achieve the targeted crude oil output of 4 million barrels per day.
Speaking in a meeting with a number of commanders on Monday, Kardor said Iran has been able to retain its production quota in the Organization of Petroleum Exporting Countries (OPEC).
However, he said, Iran's rivals in the market are rapidly raising their output which mean Iran should also make every move to increase withdrawal from its underground reserves.

He said the NIOC is pretty active in upstream activities, saying the company will make every effort to serve the interests of the Islamic establishment and the economy of resistance.
Kardor said Iran's crude oil production capacity must reach 5.2 to 5.7 mbd in the future.

He further underlined Qatar's production of 350,000 barrels of oil from the South Pars oil layer, saying Iran is yet to recover any crude from the layer.

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Earlier: 

SAUDI - IRAN COMPROMISE 

IRAN WANTS 13% 

MARKET ISN'T FAVORITABLE 

6 MB IRANIAN OIL FOR INDIA 

IRAN SUPPORTS STABILIZATION

 

 

 

 

Tags: IRAN, OIL, PRODUCTION

Chronicle:

IRAN WANTS 4 MBD
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

IRAN WANTS 4 MBD
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

IRAN WANTS 4 MBD
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

IRAN WANTS 4 MBD
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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