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Iran's political play with the oil giants - Aljazeera

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Publish date: Sun, 14 Feb 2016, 02:53 AM
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Iran's willingness to negotiate with Saudi Arabia and other OPEC members over the global oil glut reflects its desire to hike prices soon in order to revamp its oil sector, which was crippled for years by international sanctions over its nuclear programme, analysts say.

 

 

 

 

 

Full Story: http://www.aljazeera.com/news/2016/02/iran-political-play-oil-giants-160212173222115.html

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Discussions
1 person likes this. Showing 2 of 2 comments

Pavillion

https://www.rt.com/business/329564-iran-oil-discount-europe/

2016-02-14 10:46

N00b

@ Pavillion: "Some oil experts question whether refineries are capable of processing a significant percentage of stored Iranian oil. Iranian officials have stated that condensate represents the vast majority of hydrocarbon products in floating storage. Because the Iranian condensate contains high sulphur and toxic mercury content [lower quality], it does not command the export market demand enjoyed by North American light, sweet condensate." <---- They are offering discounts on oil they drilled during sanctions but did not export (Condensate that's just been sitting there).


Link: http://info.drillinginfo.com/iran-oil-and-and-the-new-accord-overview-and-analysis/

2016-02-14 13:48

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