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  • 26-02-22

    Forecasts for Iran to make strong return in international oil markets

    (MENAFN) According to a news agency statement on Thursday, Iran is predicted to have a robust return to the international market if the nuclear agreement is back and the U.S. penalties on the nation are removed.

    Based on the report, taking into consideration the size of Iran’s offshore crude storages, the Islamic Republic is going to be able to insert millions of crude oil barrels into the market once the sanctions are removed, without the necessity for increasing the present level of output.

    Asian nations involving South Korea are predicted to be amongst the first in line to transport Iranian freights.

    The news agency sets the prediction of the crude oil kept at Iranian stationary tankers at 65 to 80 million barrels, referring to the data intelligence company Kpler.

    MENAFN26022022000045013568ID1103766084

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