Field Activity Levels Increase in Iran Amid Talks of Sanctions

Iran has been ramping up activity at key oil fields as a US decision on sanctions looms.

A similar surge occurred after the sanctions were lifted in 2016, as Iran ramped up output to 3.8 MMb/d.

Iran inventories have crept up since October 2017, reaching ¬†26.8 MMb in March. Exports have averaged 2.35 MMb/d for the last six months…

 

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