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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (20093)	7/12/2016 2:02:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202374

Crude oil: Iran wants to double oil exports. Iranian officials say that they are targeting a doubling of their oil exports from 2 to 4 million barrels per day. Iran is already producing 3.8 million barrels per day, but exports 2 mb/d. In order to ramp up oil production enough to generate 4 mb/d of exports, Iran needs to attract some $100 billion in investment. Many analysts believe that the sharp gains in output Iran has posted this year are likely at their limits until that investment comes pouring in. But a jockeying of power within Iran between hardliners and moderates are creating uncertainty around Iran’s new oil petroleum contract. The power struggle will likely deter investment.