"Iran to bring 67 new oil and gas projects online by March"

" Iran to bring 67 new oil and gas projects online by March \r\n\r\n67 new oil and gas projects worth some $15 billion should be operational in Iran by next March, the country\u2019s first vice president, Mohammad Mokhber, has said.\r\n\r\nLast year, Iran completed $12 billion worth of started but unfinished projects in the oil and gas field, Iran Front News\u00a0 reported .\r\n\r\nIran is currently producing some 3.18 million barrels of oil daily but wants to boost this to 3.3 million bpd by the end of the month. By the end of September, oil output could reach 3.5 million bpd,\u00a0 according \u00a0to the head of the National Iranian Oil Company.\r\n\r\nThe average daily figure is a substantial increase over the last two years. When President Ibrahim Raisi took office in 2021, Iran was producing around 2.2 million barrels of oil daily.\r\n\r\nThe country has also seen its oil exports increase, hitting 1.4 million barrels daily. This is more than what the government had stipulated in the budget for the current fiscal year, which led the head of the Planning and Budget Organization to ask parliament for permission to export more.\r\n\r\nLast year, Iran made $42.6 billion from oil exports\u2014an amount exceeding Iran\u2019s oil export revenues in 2016, the first year of the nuclear deal.\r\n\r\nThe nuclear deal, officially known as the Joint Comprehensive Plan of Action, led to the lifting of Western sanctions imposed on Tehran for its nuclear power program. When Donald Trump became U.S. president, however, he reimposed U.S. sanctions, targeting specifically the country\u2019s oil industry.\r\n\r\nDespite these sanctions\u2014and the continued failure of the two sides to negotiate a new deal\u2014Iran has been exporting quite a lot of oil, most of it to China. Despite threats from Washington that there will be consequences, these have been slow in coming, allowing China to stock up on discount oil and Iran to find foreign markets for its crude.\r\n\r\nIndeed, Kpler has\u00a0 predicted \u00a0that China\u2019s intake of Iranian crude this month could hit the highest in a decade, despite U.S. sanctions. The figure is seen at 1.5 million barrels daily."

"Iran to bring 67 new oil and gas projects online by March"

CID Establishes Task Force to Combat Influx of Stolen Vehicles into GhanaAMP

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector GrowthAMP

President Mahama Directs Ministers to Fast-Track Rollout of Ghana’s E-Visa SystemAMP