IRANIAN OIL TO ASIA: 62%
According to IRNA, Director of National Iranian Oil Company (NIOC) International Affairs has announced that 62 percent of the Iranian oil is being exported to the Asian countries and the rest to the European states.
Speaking to IRNA, Mohsen Qamsari noted that China at present is the biggest buyer of Iran's oil as it was in the sanctions era.
Anti-Iran sanctions were lifted on January 16, 2016.
The average daily exports of Iran's oil to China are over 600,000 barrels, the official said, adding that the oil sold to the small Chinese refineries is not included in this figure.
Deputy Director of National Energy Administration of China Zhang Yuqing who travelled to Iran in May announced that his country was to attract fifty percent of Iran's oil exports.
Iran plans to raise its oil production to four million barrels per day by the end of its calendar year on March 20, 2017.
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Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
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