USD 400 Billion Investment of China in Iran

Petroleum Economist informed that Tehran and Beijing agreed on USD 400 billion investment of China in oil, gas, petrochemical and transportation industries of Iran. This agreement was signed in 2016 and now Mohammad Javad Zarif, the Iranian Foreign Minister, travelled to China in order to improve this agreement. According to a reliable source in Iran…

Goods News on Iran Petrochemical Industry

Iran receives USD17 billion from selling petrochemical products. Iran manufactures 31 million MT of petrochemicals and 22 million MT of this which worth USD12 billion is exported to 30 different countries across the globe. It is expected that Iran will increase its petrochemical output by two times until 2024. Globally crude oil production grows 1%…

Oil Price Prediction

It seems that oil market participants are still concentrating on demand and trade war instead of oil supply! According to Reuters, 51 market economists and analysts predicted that Brent crude (LCOc1) would average 65.01$ a barrel in 2019 which is 4% lower than previous month (67.4$). Demand also reformed from 1.4 million barrels to 1.3…

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