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Iranian Oil Production Not Impacted Despite Looming Sanctions Threat

JUN 11, 2018 — With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, and may not significantly happen so. The Platt survey found Iranian oil production was steady at 3.83 million bpd, making it the third-largest OPEC producer behind Saudi Arabia, the top supplier, and Iraq. President Trump’s decision to pull out of the landmark Joint Comprehensive Plan of Action, a multilateral agreement that gave Iran relief from sanctions in exchange for peaceful nuclear commitments, has set a 180-day clock ticking for IranianRead More