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17 May 2021 | 10:00 UTC
A flurry of talks involving the US, Iran and European nations could revive the nuclear deal and lift sanctions that had more than halved Iranian oil production, though significant obstacles remain.
Iran pumped as much as 4.8 million b/d of crude and condensate before the sanctions were reimposed in 2018, and S&P Global Platts Analytics expects an agreement could bring full sanctions relief by Q4 2021, which could see volumes ramp up 850,000 b/d by December to 3.55 million b/d, with further gains in 2022.
Read more about it: Sanctions relief for Iran would pressure rival heavy crude, condensate producers(opens in a new tab)
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