Iran’s oil production increased by 4,000 barrels

Iran’s oil production increased by 4,000 barrels

The director of the Oil Engineering and Development Company announced that with the launch of a mobile desalination unit in Cheshmeh Khosh Square, the daily production of the square increased by 4,000 barrels to 6,000 barrels, adding that the figure is expected to increase by the end of the year to 6,000 barrels a day.
With the activation of the trigger mechanism the heavy oil discounts are on the way

With the activation of the trigger mechanism the heavy oil discounts are on the way

As the trigger mechanism becomes approaching and the return of international sanctions, the issue of the impact of these sanctions on Iranian oil exports has been hot again. "The activation of the trigger mechanism usually increases the risk of sanctions, and in the Iranian market, instead of raising prices, it appears more discounts than oil indicators," says energy expert Abdullah Babakhani.