Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-07-12 12:44:00

IRAN HAS REGAINED 80%

IRAN HAS REGAINED 80%

 

IRAN OIL PRODUCTION 2011 - 2017

 

BOE said, oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it lost due to sanctions, according to a senior official at state-run National Iranian Oil Co.

Iran exports about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOC's director of international affairs. The country has regained about 80 percent of the market share it held before the U.S. and European Union tightened sanctions on its oil industry in 2012, he said. Sanctions were eased in January, and Iran plans to double crude exports.

"Our exports peak is above 4 million barrels a day, and we have plans for that and are waiting for the right conditions," Ghamsari said in an interview in Tehran, without elaborating on the timing for such an increase. "The market will stay on its present balance, and a return to prices below $30 a barrel is not very probable, at least in the current year."

The Persian Gulf nation is seeking more than $100 billion in investment from international partners to upgrade its oil industry and reclaim its position as the second-biggest producer in the Organization of Petroleum Exporting Countries, after Saudi Arabia. Iran targets 5.8 million barrels a day in combined production of crude and condensates by 2021. It defied skeptics with a 25 percent surge in production so far in 2016 and aims to reach an eight-year high for daily output of 4 million barrels by the end of the year.

Oil Price

Benchmark Brent crude, which averaged more than $99 a barrel in 2014, tumbled to a 12-year low of about $27 in January due to the continued global supply glut. It ended trading in London last week at $46.76 a barrel.

"Our policy is not to stockpile oil in floating offshore storage," Ghamsari said. "In other words, we produce as much as we think the market would absorb."

Iran is shipping about 25 percent of its exports to European buyers, he said. NIOC is selling bigger volumes in Asia, though it hasn't increased the number of supply contracts in that region, he said.

"Most of our oil transactions and agreements are long-term-based, leaving a small portion for spot sale," Ghamsari said. "We are right now in negotiations with many companies, both in Europe and Asia," he said, without identifying any of them. Iran is taking payments for some sales in euros. he said.

The U.S. still prohibits transactions related to Iran from being conducted in dollars, accusing the Islamic Republic of abusing human rights and sponsoring terrorism. Even so, Oil Minister Bijan Namdar Zanganeh predicted in June that Iran would sign its first deals with foreign companies within three months.

-----

Earlier: 

IRANIAN OIL TO JAPAN: UP 61.2% 

IRAN GROWS FASTER 

IRAN - OMAN GAS PIPELINE 

IRAN & SWITZERLAND CONTRACT 

IRAN - PAKISTAN GAS PIPELINE

 

 

 

Tags: IRAN, OIL, PRODUCTION, PRICES

Chronicle:

IRAN HAS REGAINED 80%
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

IRAN HAS REGAINED 80%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

IRAN HAS REGAINED 80%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

IRAN HAS REGAINED 80%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »