The nation had set a July 7 deadline for European leaders to provide it economic relief following US sanctions
us-sanctions
Posted inDRILLING & PRODUCTION
Iraq will abide by OPEC production cuts, will not raise output: Oil minister
Iraq’s oil minister noted that the nation does not make decisions on production outside of OPEC
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Using oil ‘as a weapon’ creates the ‘demise and collapse of OPEC’: Iran oil minister
He noted that sanctions would not be able to bring the nation’s oil exports down to zero
Posted inDRILLING & PRODUCTION
After $11bn investment, Iran’s South Pars gas output to hit 26.4bn cubic feet per day by late 2019
The oil ministry’s news agency Shana said that “for the first time, Iran’s gas recovery from South Pars joint gas field exceeds that of Qatar”
Posted inDRILLING & PRODUCTION
US will temporarily grant eight countries waivers to continue importing Iranian oil
This comes as the US treads the line between sanctions on Iran and potential oil supply disruptions