Subscribe free to our newsletters via your




OIL AND GAS
Iran claims 4mbpd oil output possible if sanctions lifted
by Staff Writers
Vienna (AFP) June 10, 2014


Iran's oil output could reach 4.0 million barrels per day in "less than three months" if Western sanctions are lifted over its nuclear energy programme, Oil Minister Bijan Zanganeh said Tuesday.

"After lifting the sanctions, (in) less than three months we can produce four" million barrels of oil per day, Zanganeh told reporters upon his arrival in Vienna on the eve of an OPEC output meeting.

That compares with Iran's current production of approximately 2.7 million bpd, according to OPEC data which cites secondary sources.

Zanganeh added Tuesday that the nation's oil exports currently stand at 1.5 million bpd.

His comments came after Iranian President Hassan Rouhani said earlier Tuesday that his nation would "do its best" to secure a nuclear deal in crunch talks between Tehran and Washington on the long-running nuclear row.

Zanganeh cautioned on Tuesday that it was not possible to state when the negotiations would conclude.

"This is a political discussion. No one cannot say when, this day or tomorrow, it will be finalised," he told reporters in Vienna.

"It's a complicated issue and difficult discussion.

"If we receive the good intentions from the other side of the negotiations, we can reach an accord."

The talks are part of a fresh diplomatic drive in the face of a looming July 20 deadline for a final deal between Iran and the P5+1 group of world powers.

The US-Iran meeting began Monday with a five-hour session.

Washington and the other P5+1 states are seeking solid commitments that will ensure Iran's stated desire for a peaceful atomic energy programme is not a covert attempt to build a nuclear bomb.

Since an interim agreement with the P5+1 group came into effect in January, Iran has been allowed to maintain its oil exports at around 1.2 million bpd.

The figure remains under par for Iran, which has the world's second biggest gas deposits and fourth largest oil reserves -- 2.5 million bpd of crude was being sent abroad in late 2011.

The P5+1 comprises Britain, China, France, Russia, the United States and Germany.

.


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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Lundin Petroleum, which spent big on exploration this year, dinged again
Stockholm, Sweden (UPI) Jun 9, 2013
Lundin Petroleum said Monday progress at the Brynhild field in Norwegian waters was delayed because of Shell's issues in the British sector. The Brynhild project is an offshore field linked to the Pierce field, which is operated by Shell in British waters. Lundin, a Swedish energy company, said progress was moving slower than expected because of issues related to the commissionin ... read more


OIL AND GAS
The 'Sherlock Holmes' of Himalayan mountaineering

Japan starts building underground ice wall at Fukushima

Italy navy picks up 3,000 boat migrants in 24 hours

Students suffer in Philippine typhoon zone as schools open

OIL AND GAS
Russia, China expand cooperation on satellite navigation

GPS sites in Russia can't be used now for 'military purposes'

Gannet sat nav reveals impact of fishing vessels

Chinese army regulates sat nav use

OIL AND GAS
Humans traded muscle for smarts as they evolved

Journey of Discovery Starts toward Understanding and Treating Networks of the Brain

Intertwined evolution of human brain and brawn

Virtual dam on after-hours emails tackles burnout

OIL AND GAS
Spider venom may save the bees: study

'Extinct' bat found in Papua New Guinea

Feral cats behind extinction of unique Aussie mammals: study

Activists urge Singapore casino resort to free dolphins

OIL AND GAS
Scientists find compound to fight virus behind SARS, MERS

After 8,000 cholera deaths, Haiti faces new epidemic

Oman reports 3 swine flu deaths

Sierra Leone confirms first case of Ebola as epidemic spreads

OIL AND GAS
Dalai Lama in democracy call ahead of Tibet autonomy push

Tibet leaders slam China 'repression' in new autonomy push

H.K. rallies for Tiananmen anniversary as Beijing clamps down

Detained Chinese-Australian artist to be deported: Canberra

OIL AND GAS
Kidnapped Chinese, Filippino rescued in Malaysia

Chinese worker kidnapped in Malaysia's Borneo island

Vietnam says 7 killed in shooting on China border

Kidnappers demand $11 mln for Chinese tourist

OIL AND GAS
Japan's Q1 growth fastest in more than two years

China manufacturing up in May: government

Tiny elite huge proletariat: UK middle class to disappear in 30 years

Sales tax hike dents Japanese economy




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.