Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Iran sets oil sights on Asia
by Daniel J. Graeber
Tehran (UPI) May 21, 2015


disclaimer: image is for illustration purposes only

Iran will be among the top oil suppliers for Asian consumers if sanctions are lifted as the result of nuclear talks, Iran's deputy oil minister said.

Iran is expecting an influx of foreign cash, should sanctions lift as the result of ongoing nuclear negotiations with six world powers. Under the terms of joint deal reached in November 2013, oil exports are limited to around 1 million barrels per day and to just six countries: China, India, Japan, South Korea, Taiwan and Turkey.

Iran's deputy oil minister, Rokneddin Javadi, said that while efforts would be made to diversify exports, the Asian market would remain a top priority.

"Before the sanctions were imposed, Asian countries were the leading consumers of Iran's oil," he said. Should full sanctions relief emerge this summer, Iran, he said, will be able to "regain its position in the Asian market."

Expanding Asian economies, notably India, are expected to take on more oil than their peers, the Organization of Petroleum Exporting Countries said. Chinese representatives were among those attending a four-day oil industry conference in Tehran earlier this month.

OPEC has said the Iranian government viewed its oil industry as "very attractive" to foreign investors, including those from the U.S. and European economies.

Iran before sanctions were imposed in 2013 was exporting around 2.7 million bpd.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Are US Drillers Actually Making A Comeback?
Washington DC (SPX) May 22, 2015
Is US shale about to make a comeback? Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. There is a newfound bullishness in the oil markets - net long positions on Brent crude have hit multi-year highs in recent weeks on a belief that US supply is on its way down. That was back ... read more


OIL AND GAS
Bodyguards for precious seeds

France moves to ban food waste in supermarkets

Satellite mapping reveals agricultural slowdown in Latin America

Japan takes food row with SKorea to WTO

OIL AND GAS
Mission possible: This device will self-destruct when heated

New options for spintronic devices

Cheap radio frequency antenna printed with graphene ink

The next step in DNA computing: GPS mapping

OIL AND GAS
New F-35 work for Kongsberg Defense

Australia touts industry's contribution to F-35 program

USMC F-35Bs undergoing shipboard operational tests

Airline chief casts doubt on plane hacking claim

OIL AND GAS
Can virtual drivers resembling the user increase trust in smart cars

US pushes pedal on car-to-car communication

Google self-driving prototype cars to hit public roads

Out with heavy metal

OIL AND GAS
China-backed infrastructure bank operational by end-2015

Japan PM unveils $110 bn plan for Asian infrastructure

HP sells stake in China unit for $2.3 billion

US charges China academics in trade theft scheme

OIL AND GAS
Impact of increased atmospheric CO2 concentration on European trees

Ecuador breaks Guinness reforestation record

Research aims to restore riparian corridors and an iconic tree

Indonesia extends landmark logging moratorium

OIL AND GAS
Mischief makers prompt Google to halt public map edits

Space technology identifies vulnerable regions in West Africa

Breaking waves perturb Earth's magnetic field

ESA and ADS sign deal for new Copernicus Earth observation mission

OIL AND GAS
Random nanowire configurations boost conductivity

Rice scientists use light to probe acoustic tuning in gold nanodisks

'Microcombing' creates stronger, more conductive carbon nanotube films

Chemists strike nano-gold with 4 new atomic structures




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.