Huge Oil Fields Could Help Iran To Seize Saudi Market Share In China

Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimise the oil available to key ally Beijing from any and all of its fields. Principally this involves optimising output from the cluster of supergiant fields in the West Karoun oil region, attempting to increase the average recovery rate from older fields, and pushing forward on production increases from fields shared with Iraq and Kuwait. All of this is geared to twin objectives: increasing Iran’s…