Friday March 16, 2018

I've Been Thinking:

Iran has just signed a huge foreign deal.

Dana Energy, the Iranian state oil company, signed a ten year, $740 billion deal, to collectively produce oil from two oil fields near the Iraqi border.

Their agreement is with the Russian state owned oil company Zarubezhneft. Together, both fields will pump 84,000 barrels of oil a day.

Last year China and France's oil company SA came to agreement with Iran. That agreement is worth $5 billion dollars to develop an offshore natural gas field.

Iran is running to expand their role in the world of energy. They are competing big and they are scoring big.

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