Iran oil industry - page 2

EghtesadOnline: The National Iranian Oil Company can maintain its current production level of 3.9 million barrels per day for a maximum period two years. However, the 5.2 bpd production level envisaged in the sixth economic development plan (2017-22) will "not be possible without new investments."

EghtesadOnline: Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade.

EghtesadOnline: Minister of Petroleum Bijan Zanganeh said on Tuesday that Iran must make 100 billion dollars investment in upstream oil industry.