Foreign media after the end of Iran's crude oil export sanctions or surge | Iran | crude oil

  [World Wide Web Roundup] According to Reuters March 31 reported that the end of sanctions against Iran or cause the country's exports surged again to launch a new round of major Middle East oil producers to compete for buyers in Asia, and Iraq in this fight it seems the most vulnerable。   Face sanctions, Iran by offering preferential prices, free shipping and convenience of credit to compete in the market, which is reminiscent of the policy taken by Iraq at the time of return to the oil market after the fall of Saddam's government。 But veteran and giant Saudi oil exports compared to Iraq the situation is clearly more vulnerable。
  This aggressive market share battle in the latest factor is the global oversupply of crude oil and low oil prices, and with the entry of Iranian crude oil prices will fall further, so that the market share battle in Tehran facing a more difficult situation。
  One of the National Swedish Energy Agency supply security senior adviser SamuelCiszuk that Iraq is trying to increase production and gain more market share, currently at a disadvantage。
If Iran resumed production, then the price war broke out almost inevitable。
A more stable supply of exporters rely more by the market, the Gulf countries have a natural advantage, it is not necessary that the discount oil sales as Iraq and Iran。   Asian refineries and large-scale industry accustomed to using Iranian crude that if sanctions are lifted, they will buy more Iranian crude oil。
The industry still is Iran's client, but purchases subject to sanctions related to logistics, insurance and diplomatic factors limit。   Iran's oil minister said earlier this month that it was prepared to increase up to 100 million barrels of daily oil exports after the sanctions are lifted。
However, sources and market experts OPEC estimates, in conditionally gradual lifting of the economic sanctions against Iran, within six months of daily output will increase by only 20-60 million barrels of Iranian crude oil production is expected to fully recover until the second half of 2016。   (Internship compile: Zhang Yating Reviewer: Zhao Xiaoxia)。