Can Iran make $10 billion in 2017 by capping output?
Iran’s petroleum minister, Bijan Namdar Zangeneh, said the country expects an additional USD 10 billion in oil revenues in 2017 following a global effort led by OPEC to limit production and end a prices glut.
Iran came to the table with regional rival Saudi Arabia and agreed to a cap after months of uncertainty. TOGY digs deep into the reasons behind this decision following the release of our book: The Oil & Gas Year Iran 2016.
You can see more of TOGY’s Iran coverage on www.TOGYiN.com , with more than 130 executive-level interviews and 265 company and project profiles.