IRAN VOWS REVENGE FOR SANCTIONS — It will not cut production

[MarkusS]

actually , if Oil price fall more than this , exporting oil won't be profitable for us anymore ...

invest in civilian tech. Importing military tech is not suitable for a developing nation like Iran. You need a powerful civilian sector. Dont be a banana republic.

Each A380 you buy has more worth than a 100 tanks for your people. Importing massive military technology is what crooked dictatorships without civilian society do.

 

[Malik Alashter]

This price cut has some advantages it has the opposite effects luckily to Iraq this crisis of oil prices led that Iraqis think and work to lessen their dependence on oil to the minimum few years and we will reach a dependence of 20% of the nation income on oil.

Now the saudis are the one who need to cut their production to 8 million BPD they can't keep Iraqs quota for ever.

 

[Mahmoud_EGY]

Even if oil production is frozen by OPEC and non-OPEC members, supply still exceeds demand. So the low prices will continue.

if opec counties freeze oil production from where does the supply of oil would come ?

 

[mike2000 is back]

Chavez was killed and Ahmadenijad is gone. The Iran-Venezuela alliance isn't what it used to be.

 

[Azeri440]

if opec counties freeze oil production from where does the supply of oil would come ?

*sigh*

freeze of production does not equal stopping of production, it means freezing the production rate at January levels, which makes little difference since the highest production period started in December.

 

[Hack-Hook]

actually , if Oil price fall more than this , exporting oil won't be profitable for us anymore ...

that's the best, the day we stop exporting crude oil will be the best day of my life. And for me each oil minister who won't work toward that goal is a traitor and that's why I hate zangeneh as he at the time that we must have built refineries and petrochemical plants said our strategy is not building these things and we want to export crude oil.

 

[xyxmt]

We (The consumer) love this oil war, Please Iran pump oil to your maximum capacity

 

[jammersat]

invest in civilian tech. Importing military tech is not suitable for a developing nation like Iran. You need a powerful civilian sector. Dont be a banana republic.

Each A380 you buy has more worth than a 100 tanks for your people. Importing massive military technology is what crooked dictatorships without civilian society do.

and where all that a380s are gonna take us , if the UAE has the largest fleet of a380s they also export the most arabs to america , iranians won't be able to get visas for america for the 15 years to come

 

[randomradio]

if opec counties freeze oil production from where does the supply of oil would come ?

They are capping oil production at whatever they have reached today. So Russia and Saudi will both continue producing oil at more than 10M bbp.

 

[Hack-Hook]

and where all that a380s are gonna take us , if the UAE has the largest fleet of a380s they also export the most arabs to america , iranians won't be able to get visas for america for the 15 years to come

we can go to Canada, south America or Australia or maybe Japan.

 

[jammersat]

we can go to Canada, south America or Australia or maybe Japan.

Canada is yet to officially reestablish ties with iran , i think america is more likely , anyway iranian-canadians use foreign airlines to travel

south america won't sell enough seats for an a-380 , they have to wait for 6 months for that

australia maybe , but they have the a-350 for that

japan used to be the case , but not anymore .. they fly 747s there lol

 

[Desertfalcon]

We (The consumer) love this oil war, Please Iran pump oil to your maximum capacity

No kidding! I just gassed up yesterday and paid $1.74USD per gallon!

 

[Hack-Hook]

Canada is yet to officially reestablish ties with iran , i think america is more likely , anyway iranian-canadians use foreign airlines to travel

south america won't sell enough seats for an a-380 , they have to wait for 6 months for that

australia maybe , but they have the a-350 for that

japan used to be the case , but not anymore .. they fly 747s there lol

the 747s will be retired as they are the oldest 747 in the world . and in time the airplanes arrive we have resumed bilateral relation with Canada. About south america well when there is means there will be demand. And Iranian Canadian use foreign airlines because there is no Iranian airline which can provide the service after all who like to change airplane two or three time.

 

[Chevil]

I already answered to JEskandari comments , but I can't see my post ...

 

[Madali]

Nigeria Backs Oil Output Freeze While Giving Iran Way Out - Bloomberg Business

Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and war.

The biggest oil producer in Africa supports a production freeze, Nigerian Energy Minister Minister of Petroleum Emmanuel Kachikwutold reporters in Doha on Sunday. Its oil production will be 2.2 million barrels a day this month, unchanged from January, he said.

“Countries like Iran and Iraq have been out of the market for a while and if they are to come back you shouldn’t freeze them out where they are, you should freeze them at a higher level,” Kachikwu said. “By June we will come very close to tightening the market.”