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  • 28-02-21

    Iran: Fitch Solutions Incorporation estimates 6.8-percent increase for Iranian oil exports

    (MENAFN)Fitch Solutions Incorporation estimated a 6.8-percent improve for Iranian oil exports in 2021 if the US rejoins the 2015 nuclear deal.

    In one of its recent reports called “Iran Oil and Gas Report”, Fitch also witnesses the increase of the Islamic Republic’s crude oil exports in 2022 compared to 2020.

    The report further stated that “The prospects for the Iranian oil sector have brightened significantly following Joe Biden's victory in the US presidential election on November 3. President Biden has indicated that he will seek to re-enter the US into the Iranian nuclear deal, paving the way for a roll-back of secondary sanctions and recovery of around 2.0 million barrels per day (bpd) in oil production.”

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