Russia is getting ready to invest US$50 billion in Iran’s oil and gas industry.
A Russian oil company has signed an agreement with Iran worth US$4 billion, and that deal “will be implemented soon.”
Russian energy giants Rosneft and Gazprom have also started talks with the oil ministry of Iran to potentially sign deals worth up to US$10 billion, the Iranian adviser said, while a Russian government official confirmed to FT Russia’s US$50-billion investment plans.
Iran exported 2.13 million barrels per day of oil in 2017, 62% went to Asia and 38% to Europe.
China and India have been top buyers of Iran’s oil in Asia. South Korea and Japan are also among Asian buyers of Iran’s oil, joined by European customers like Turkey, Italy, Britain, Hungary and the Netherlands.
Iran traded oil and condensate for around $52 a barrel in 2017.
The National Iranian Oil Company (NIOC) also exported 17 million tons of fuel oil and 2 million tons of gasoil to neighboring countries in the same year. Iran’s 2016 oil and condensate revenue reached $41 billion.
Iran’s oil exports reached 2.819 million barrels per day in 2017, up from 1.595 million barrels per day in 2015. The country’s oil revenues also grew from $27.308 trillion in 2015 to $41.123 trillion in 2017.
Iran’s crude oil exports reached a record 2.617 million barrels per day in April.
Iran is now under US sanctions.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.