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In Milestone, Iran Ships First Oil To Europe Since Sanctions Lifted
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/14/2016 19:15
In case you haven’t noticed, Iran is on a roll.
Much to the chagrin of Israel and any number of GOP lawmakers in the US, the nuclear accord is a done deal and creates a $100 billion windfall for Tehran.
And that’s just the beginning of the story.
Starting in Q1, Iran will ramp crude production by 500,000 b/d and by 1,000,000 b/d by year end. The sharp increase in production is expected to help Iran quintuple its oil revenue by the end of 2016 compared to what the country was pulling in while languishing under international sanctions.
Assuming $29/ barrel crude, Iran would bring in some $2.35 billion a month assuming production of 2.7 million b/d, which is below the 2.86 million b/d that Tehran actually pumped in January.
The post In Milestone, Iran Ships First Oil To Europe Since Sanctions Lifted appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/14/in-milestone-iran-ships-first-oil-to-europe-since-sanctions-lifted-2/
