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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:

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TRANSCANADA NET INCOME $3.0 BLN

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RUSSIAN NUCLEAR FOR CONGO

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U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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