Article

2013-08-21 Syria-Lebanon-Iran

Iran Can Raise Oil Output By 1 Million Bpd In Three Months: NIOC Official

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Posted by trailing wife 2013-08-21 00:00|| || Front Page|| [5 views ] Top
File under: Govt of Iran

#1 Not impossible, at least in theory. Iran's output isn't what it could be under normal conditions.

Posted by European Conservative 2013-08-21 04:03|| 2013-08-21 04:03|| Front Page Top

#2 A timeframe of 90 days is a bit optimistic to say the least.

Posted by Besoeker 2013-08-21 06:54|| 2013-08-21 06:54|| Front Page Top

#3 Then what? Run out faster?

Go for it. All the way to nothing.
Sell out and starve.

Posted by Redneck Jim 2013-08-21 09:40|| 2013-08-21 09:40|| Front Page Top

#4 From a year ago, yeah they can raise production by a million bpd, the same amount they reduced it by a year ago....

Swamped With Unsellable Oil, Iran Stores It on Ships

With ever-tighter sanctions clamping down on Iran, the oil-rich nation is finding itself awash with oil it simply cannot sell, reports the New York Times. Iran has already reduced production by 1 million barrels a day to 2.8 million, but reducing production too much could damage its wells, and the surplus oil has quickly filled its 10 million barrels of holding capacity. Iran has turned to storing about 40 million barrels of oil in ships in the Persian Gulf while it rushes to boost storage capacity on land. Around 65 tankers have been repainted to conceal their true identities while Iran desperately seeks oil buyers.

Posted by Marilyn (I had a Sex Change) Bourbon6503 2013-08-21 09:43|| 2013-08-21 09:43|| Front Page Top

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