Repeated statements from high officials in Russia and Iran that both countries are “determined to strengthen cooperation in all sectors” could strengthen the position of both countries in global oil markets
Russian and Iranian officials have signaled a new ‘Golden Age’ of cooperation between the countries.With unfettered access now to Russian technology and equipment, Iran should be able to significantly increase the recovery rate at its oilfields.
One of the factors that has held back crude oil production in Iran has been the low yield from its oil fields, which has hovered between the four to five percent range for years. This is not a function of any true difficulty in recovery – in fact, crude oil from the majority of Iran’s oilfields is as easy as from any other of the world’s easiest to produce oilfields in Iraq or Saudi Arabia, as attested to by the US$1-2 pb lifting cost in the country.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How F1's new determined Dutchman got his long-awaited breakNyck de Vries had almost given up on his dream of racing in Formula 1 when he got the call-up to stand in for Alex Albon at this year’s Italian Grand Prix, as he explains to OLEG KARPOV. But how pivotal was that in getting him a full-time ride with AlphaTauri next season?
Read more »
How F1's new determined Dutchman got his long-awaited breakNyck de Vries had almost given up on his dream of racing in Formula 1 when he got the call-up to stand in for Alex Albon at this year’s Italian Grand Prix, as he explains to OLEG KARPOV. But how pivotal was that in getting him a full-time ride with AlphaTauri next season?
Read more »
Russia Didn’t Consult With OPEC+ Over Price Cap Retaliation | OilPrice.comOn Tuesday, Russia moved forward with its threat to ban the sale of oil and oil products to countries that joined the Price Cap Coalition.
Read more »
Domino's Pizza considers withdrawing from Russia as businesses continue to leave countryDominos Pizza considers withdrawing from Russia as businesses continue to leave country 👉 Many Western companies exited Russia after Moscow’s invasion of Ukraine on February 24
Read more »
Iran turmoil set back my recovery - NazaninThe author says her freedom feels like a dream that may not be coming true for others detained in Iran.
Read more »