Iran in Place to Become Second Major OPEC Oil Producer

According to “Tehran Times”, the Islamic Republic of Iran’s 20- year Outlook Plan recognizes the country as the second major OPEC oil supplier with a share of seven percent in the world crude production. Iran is also expected to emerge the first major producer of petrochemicals in the region in terms of value and the third major gas supplier in the world with an eight to 10 percent share in the world trade of gas and gas derivatives on a 20-year horizon.
RedNova